星球日报|Dec 06, 2025 00:54
**[Trump Supporter Andy Beal's Monet Bank Enters Crypto Lending Sector]**
Odaily Planet Daily reports that Monet Bank, a small community bank in Texas, has entered the cryptocurrency lending sector, branding itself as an "infrastructure bank" focused on digital assets. The bank is owned by a billionaire political supporter of U.S. President Donald Trump. According to its official website, "Monet Bank is committed to becoming a leading financial institution for digital assets, providing innovative and forward-thinking solutions for the digital economy."
Although state records show its assets are less than $6 billion and its capital slightly exceeds $1 billion, it is still considered a very small community bank by scale. The lending institution was established in 1988 and was originally named Beal Savings Bank. Andy Beal, the founder of Beal Financial Corp., is known as a poker expert and a major donor to Trump's successful 2016 presidential campaign, having funded his own political action committee. (The Information)
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