A Bucks County bank recently partnered with a cryptocurrency firm to significantly increase their legal lending limit. Jeff Blumenthal wrote about the recent partnership for the Philadelphia Business Journal.

Huntington Valley Bank recently partnered with MakerDAO to convert cryptocurrency into real-world assets. This is big news for anyone involved in the world of cryptocurrency, and those who are looking to start expanding their portfolios.

Through this recent partnership, HV Bancorp, the bank’s holding company, said it has become the first U.S. regulated financial institution to form a commercial loan participation with a cryptocurrency organization.

“I now can literally do twice as much lending to a borrower because I can participate half of the loan to the maker community through this partnership,” said Hugh Connelly, Huntingdon Valley’s Chief Lending Officer. “So for us, we now have the legal lending limit of the organization twice our size without having to dilute the current shareholders with an equity raise.”

Read more about the recent cryptocurrency news at the Philadelphia Business Journal.