A small lender in Texas is gaining significant attention in cryptocurrency and politics. Monet Bank, a local bank with assets under 6 billion USD, has reprofiled itself twice this year and is now focusing on crypto as an 'infrastructure bank.'
This is important because the owner, billionaire Andy Beal, a major ally of Trump, is now placing the institution within a rapidly growing pro-Bitcoin network around Donald Trump.
A small bank makes a big crypto bet
Monet Bank openly states that it strives to become the leading financial institution for digital assets, with solutions for Bitcoin, stablecoins, and broader digital finance.
The bank, regulated by the FDIC, has six offices in Texas and was called Beal Savings Bank for decades.
Earlier this year, it briefly became XD Bank before adopting the Monet name, a series of rebranding that signals a deliberate strategic shift.
Beal, who founded Beal Financial Corp., is known for high-stakes poker and for strongly supporting Trump's presidential campaign in 2016 through personal political committees.
His return to the digital sector positions Monet as one of the few federally regulated banks that openly prioritize crypto.
Analysts see Monet joining a pro-Bitcoin political network
According to analyst Jack Sage, Monet Bank is now part of a pro-Bitcoin network around Trump that has accelerated during 2024 and 2025.
The network includes companies with personal, political, or financial ties to Trump and his advisors, which Sage refers to as an emerging monetary block for Bitcoin and stablecoins.
”…signals that Trump's camp continues to build an alternative monetary order centered on Bitcoin and stablecoins. And they have not given up. The banking system sees what is happening. We see it too,” Sage pointed out.
Major players in the block include:
Cantor Fitzgerald, linked through sons to Secretary of Commerce Howard Lutnick
Tether, with connections through former White House official Bo Hines
Twenty One Capital, backed by Cantor, SoftBank, and Tether
Metaplanet, where Eric Trump is an advisor
Strive, co-owned by Trump supporter Vivek Ramaswamy
Strike, run by Jack Mallers and backed by Cantor Fitzgerald
Within Trump's immediate circle are World Liberty Financial, American Bitcoin Corp., and Trump Media & Technology Group, which analysts say form the core of a political-financial architecture built on Bitcoin and stablecoins.
A parallel financial system in the making?
Monet Bank's crypto initiative comes as federal regulators under Trump have rolled back previous anti-crypto guidelines and issued new frameworks allowing banks to more easily integrate digital asset services.
The FDIC's acting chairman, Travis Hill, recently told lawmakers that the agency expects to propose crypto-related regulations linked to the GENIUS Act, a bill focused on stablecoin oversight.
Monet joins other newly formed crypto-adapted banks, including:
Erebor Bank, which received a conditional OCC charter and is supported by Peter Thiel
N3XT, a Wyoming SPDI launched by former Signature Bank executives
For investors, Monet Bank's success signals that the Trump-aligned Bitcoin ecosystem is no longer a theoretical concept. Instead, it is actively building regulated financial structures.
With more political capital, regulatory flexibility, and institutional partners in the room, more banks and companies may join this emerging monetary block by 2025.
