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Trump Billionaire Supporter Andy Beal's Monet Bank Enters Crypto Loan Sector
Summary: According to The Information, Monet Bank, a community bank in Texas, has entered the cryptocurrency loan sector, positioning itself as an infrastructure bank focused on digital assets. The bank is owned by a billionaire political supporter of US President Trump. Monet Bank aims to be a leading digital asset financial institution, offering innovative solutions for ...
According to The Information, Monet Bank, a community bank in Texas, has entered the cryptocurrency loan sector, positioning itself as an infrastructure bank focused on digital assets. The bank is owned by a billionaire political supporter of US President Trump.
Monet Bank aims to be a leading digital asset financial institution, offering innovative solutions for the digital economy. Despite having assets of less than $6 billion and capital slightly over $1 billion, it remains a very small community bank in terms of scale.
Established in 1988 as Beal Savings Bank, the lending institution was founded by Andy Beal, the founder of Beal Financial Corp. Beal, known for his poker skills and as a major donor to Trump's successful 2016 presidential campaign, has also funded his own political action committee.
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Link: Trump Billionaire Supporter Andy Beal's Monet Bank Enters Crypto Loan Sector [Copy]
