Monet Bank Repositions as Crypto-Focused Lender in Texas
Monet Bank in Texas has transformed into a crypto-focused lender, explicitly targeting cryptocurrency and digital asset businesses. The bank’s new orientation signals a move to provide specialized credit, deposit and banking services designed for exchanges, custodians, and crypto-native firms that have struggled to access traditional banking relationships.
The shift matters because it increases options for crypto firms seeking liquidity and credit solutions in a market where few banks offer tailored services. Texas’ relatively crypto-friendly environment may make the state a hub for such niche lenders, but the model carries familiar risks: asset volatility, counterparty exposure and heightened regulatory scrutiny. Observers will be watching whether Monet’s pivot spurs other regional banks to adopt similar strategies or prompts tighter oversight from regulators.