Summary
- Monet Bank has officially converted into a lending institution for virtual asset companies.
- It said it received regulatory approval from the Texas Department of Banking and will provide services specialized in the digital asset industry.
- Monet Bank is a regional bank with about $1 billion in capital and less than $6 billion in assets.
Monet Bank, a regional financial institution in Texas, U.S., has officially transitioned into a lending institution for virtual asset (cryptocurrency) companies.
On the 5th (local time), according to Cryptopolitan, Monet Bank recently obtained regulatory approval from the Texas Department of Banking and has been restructured as a bank providing services specialized in the digital asset industry.
Monet Bank said, "Our goal is to become the premier financial institution for virtual assets," and emphasized, "We will provide creative and modern financial solutions for the digital economy."
Monet Bank is currently a regional bank with less than $6 billion in assets and about $1 billion in capital.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
![[Exclusive] Story (IP) delays investor and team lockup expiry by six months… “Rebuilding growth momentum”](https://media.bloomingbit.io/PROD/news/ed345eb9-385a-4ecd-8497-86897b829081.webp?w=250)
