TechFlow, Dec 6 — According to CoinDesk, Monet Bank, a small community bank in Texas, has officially entered the cryptocurrency space, positioning itself as an "infrastructure bank" focused on digital assets. The bank is owned by billionaire Andy Beal, who was a major supporter of Trump's 2016 presidential campaign. With assets under $6 billion and capital slightly exceeding $1 billion, the bank was formerly known as Beal Savings Bank and rebranded this year first as XD Bank before finally becoming Monet Bank.
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