Monet Bank in Plano, Texas, is planning a push into crypto lending and custody.
The $4.5 billion-asset bank, owned by Andy Beal, is now positioning itself as an “infrastructure bank” that will focus on digital assets.
“Monet is focused on being the premier digital asset financial institution, providing innovative and forward-facing solutions for the digital economy,” according to the bank’s website.
The bank, formed as Beal Savings Bank in the late 1980s, has rebranded twice this year (briefly operating as XD Bank).