A small Texas financial institution is attracting significant attention in the cryptocurrency and political arenas. Monet Bank, a community bank with assets under $6 billion, has rebranded twice this year and repositioned itself as a cryptocurrency-focused 'infrastructure bank.'
This fluctuation is noteworthy. The owner, billionaire Andy Bill, is a major supporter of Trump, and analysts describe it as placing the institution within a rapidly expanding pro-Bitcoin power network.
Small banks, Coin Revolution
Monet Bank officially states its goal is to become a premier digital asset financial institution providing solutions for Bitcoin, stablecoins, and broader digital asset finance.
Regulated by the FDIC, this bank has six offices in Texas and has been known as Beal Savings Bank for decades.
Earlier this year, it briefly became XD Bank before adopting the Monet brand. This indicates a careful strategic transition.
Bill, who founded Beal Financial Corp., is known for high-stakes poker and heavily supported Trump’s 2016 presidential campaign through a personal political committee.
His re-entry into the digital asset space positions Monet as one of the few banks prioritizing cryptocurrency infrastructure publicly while being federally regulated.
Analysts foresee joining the Monet Bitcoin advocacy network
According to analyst Jack Sage, Monet Bank is part of the pro-Bitcoin power network surrounding Trump, which has accelerated in 2024 and 2025.
This network consists of companies with personal, political, or financial ties to Trump and his advisors, forming what Sage refers to as an emerging Bitcoin and stablecoin currency block.
“…a signal that Trump’s camp continues to build an alternative currency order centered around Bitcoin and stablecoins. They have not given up. The banking system is watching what is happening. We are watching too,” Sage said.
Notable companies within the block include:
Cantor Fitzgerald linked to Secretary of Commerce Howard Lutnick's sons
Tether connected through former White House advisor Bo Hines
Cantor, SoftBank, and Tether-supported Twenty One Capital
MetaPlanet, which Eric Trump serves as an advisor
Strive, co-owned by Trump supporter Vivek Ramaswamy
Strike, operated by Jack Mallers and supported by Cantor Fitzgerald
Trump's immediate environment includes World Liberty Financial, American Bitcoin Corp., and the Trump Media & Technology Group, which analysts say forms the core of a political finance structure based on Bitcoin and stablecoins.
The birth of a parallel financial system?
Monet Bank's cryptocurrency push comes as federal regulators under the Trump administration have reversed previous anti-cryptocurrency guidelines and announced a new framework that allows banks to more easily integrate digital asset services.
Travis Hill, the acting chair of the FDIC, recently told lawmakers that the agency will propose cryptocurrency-related rules connected to the GENIUS Act, a bill focused on stablecoin oversight.
Monet joins newly established cryptocurrency-linked banks including:
Erebor Bank, conditionally approved by the OCC and supported by Peter Thiel
N3XT, a Wyoming SPDI launched by former Signature Bank executives
For investors, the rise of Monet Bank signals that the Bitcoin ecosystem linked to Trump is no longer a theoretical concept. Rather, it is actively building regulated financial rails.
With more political capital, regulatory flexibility, and institutional partners entering the field, more banks and companies could be linked to this emerging currency block throughout 2025.
