There’s a community bank in Texas called Monet Bank that just made a big move—it’s officially stepping into the crypto lending and digital asset banking space. The owner of this bank is Andy Beal, a Texas real estate tycoon worth several billion dollars, and also one of the major donors to the current US president.

Monet’s approach this time is pretty clear: it’s not going the retail route, but is positioning itself directly as an “infrastructure bank” that specifically serves institutional clients in the digital asset space. In other words, it’s providing services to crypto companies that traditional banks won’t touch—collateralized loans, custody, compliance channels, and so on.

The bank isn’t huge, with total assets under $6 billion and a bit over $1 billion in capital. But in the US regulatory environment, there aren’t many traditional banks with licenses willing to do this kind of business. Right now, Erebor Bank is one of the more active players in the market, having received a conditional OCC charter, and now Monet has joined the race.

The timing is pretty interesting. Last year, crypto-friendly banks Silvergate and Signature both imploded and exited the scene, and the gap they left still hasn’t been fully filled. Monet entering the market at this point means either they’re seeing a real opportunity, or they have enough confidence in their risk controls. After all, having a rich owner is one thing, but whether they can manage the risks in a volatile crypto market is another matter entirely.