Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Donald Trump-Linked Bank Takes Important Step for Cryptocurrency Sector

Donald Trump-Linked Bank Takes Important Step for Cryptocurrency Sector

CryptoNewsNet2025/12/07 08:00
By: en.bitcoinsistemi.com

Monet Bank, a Texas-based community bank, has officially announced its entry into the cryptocurrency lending and digital asset banking space, taking its place among the crypto-focused banks in the United States.

The bank, owned by billionaire businessman Andy Beal and a prominent supporter of President Donald Trump, positions itself as an “infrastructure bank for digital assets.” According to official records, the bank has assets of just under $6 billion and capital of approximately $1 billion.

Monet Bank's website states that it aims to be “a leading digital asset financial institution, committed to providing innovative and forward-thinking solutions for the digital economy.” Launched in 1988 as Beal Savings Bank, the bank first changed its name to XD Bank this year and then rebranded as Monet Bank two months later. The bank, which is regulated by the FDIC and has six branches, appears to have completed its organizational transformation around digital assets.

The bank's owner, Andy Beal, is known for his extensive financial support for Donald Trump during the 2016 election, as well as being the founder of Beal Financial Corp.

Monet Bank joins a small number of US banks aiming to serve the crypto industry. In October, the US Office of the Comptroller of the Currency (OCC) granted a conditional bank license to tech-focused Erebor Bank. Erebor is backed by Peter Thiel, a founder of Founders Fund and an investor in CoinDesk's parent company, Bullish. Meanwhile, this week, former Signature Bank executives launched N3XT, a small-cap crypto bank operating in Wyoming under a Special Purpose Depository Institution (SPDI) license. N3XT aims to process payments instantly via a private blockchain network.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Growing Buzz Around Momentum (MMT) Token: Could This Be the Next Major Opportunity in Crypto Investments?

- Momentum (MMT) token surged 4,000% post-2025 TGE, driven by exchange listings and speculative demand, despite a 70% correction. - Institutional adoption accelerated by $10M HashKey funding and regulatory frameworks like MiCAR, while Momentum X targets RWA tokenization. - Retail investors face volatility risks from leveraged trading and token unlocks, contrasting institutions' focus on compliance and stable exposure. - Technical indicators show mixed outlook, with RSI suggesting potential bullishness but

Bitget-RWA2025/12/07 13:44
Tech Learning as a Driver of Progress in 2025

- Global demand for AI, cybersecurity, and data science education drives enrollment surges, with U.S. AI bachelor's programs rising 114.4% in 2025. - Institutions innovate through interdisciplinary STEM programs and digital ecosystems, addressing workforce gaps with AI ethics and immersive tech integration. - Education-tech stocks gain traction as hybrid learning models and AI-driven platforms align with $4.9 trillion digital economy growth and rising cybersecurity job demand. - Federal funding challenges

Bitget-RWA2025/12/07 13:28
Aster DEX: Connecting Traditional Finance and DeFi by Streamlining Onboarding and Encouraging Institutional Participation

- Aster DEX bridges TradFi and DeFi via a hybrid AMM-CEX model, multi-chain interoperability, and institutional-grade features. - By Q3 2025, it achieved $137B in perpetual trading volume and $1.399B TVL, driven by yield-bearing collateral and confidential trading tools. - Institutional adoption surged through compliance with MiCAR/CLARITY Act, decentralized dark pools, and partnerships with APX Finance and CZ. - Upcoming Aster Chain (Q1 2026) and fiat on-ramps aim to enhance privacy and accessibility, pos

Bitget-RWA2025/12/07 12:14

Trending news

More
1
The Growing Buzz Around Momentum (MMT) Token: Could This Be the Next Major Opportunity in Crypto Investments?
2
Tech Learning as a Driver of Progress in 2025

Crypto prices

More
Bitcoin
Bitcoin
BTC
$88,251.07
-1.94%
Ethereum
Ethereum
ETH
$2,950.07
-3.30%
Tether USDt
Tether USDt
USDT
$1
-0.01%
XRP
XRP
XRP
$2.01
-1.64%
BNB
BNB
BNB
$874.69
-2.04%
USDC
USDC
USDC
$1
+0.02%
Solana
Solana
SOL
$128.73
-3.62%
TRON
TRON
TRX
$0.2846
-1.88%
Dogecoin
Dogecoin
DOGE
$0.1359
-2.96%
Cardano
Cardano
ADA
$0.4091
-1.06%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter