News/MakerDAO Partners with Huntingdon Valley Bank

MakerDAO Partners with Huntingdon Valley Bank

Aug 23,2022,21:04
MakerDAO announced a partnership with American bank Huntingdon Valley Bank (HV Bank) on a commercial loan integration. This integration involves a 100 million $DAI participation facility to support the growth of HV Bank's existing and new businesses. HV Bank and RWA Master Participation Trust (established for the benefit of Maker) will not have a borrower-lender relationship. The Trust will have access to $DAI liquidity in exchange for the sale of participation interests in the underlying whole loans originated by HV Bank.
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