Huntingdon Valley Bank Makes Web3 History
Details
Please note we have changed the zoom event to Thursday November 17 from 7:00 to 9:00 pm est. We look forward to seeing you then.
On August 23, 2022, MakerDAO announced its formal offering to Huntingdon Valley Bank (HVB) of $100 million DAI, marking the “first commercial loan participation between a US Regulated Financial Institution and a decentralized digital currency.”
Our speaker for the event will be Philly local Daniel Krewson, MBA, SVP and Market President for HVB, who led the partnership on the HVB end of the deal.
"Using the $100 million MakerDAO vault to purchase interest in real world loans is the first bridge between DeFi and traditional regulated institutions. This will be looked back as the beginning of a new era blending the boundaries between these two markets," said Daniel.
Industry thought leaders agree with Daniel and believe this event will be looked upon as a pivotal moment in the future growth of the blockchain ecosystem.
Come join us to learn more about the DeFi and what it means for future lending as Huntingdon Valley Bank provides access financing from the blockchain to be used to lend out in the real world.