The Provident Bank said in a statement released yesterday that it would become one of a few banks in the U.S. to wade into the waters of blockchain and bitcoin by offering deposit services to cryptocurrency-related clients.

The bank has been working with compliance consulting firm Treliant, which advises the financial services industry on various compliance and regulatory issues including policy, regulations and operational risk.

“The Provident Bank is proud to be entering the digital asset space because it’s largely unbanked and clients want deposit services,” Dave Mansfield, CEO of The Provident Bank, said in a statement. “The Provident team developed robust measures to ensure our strategy will not only be effective from a regulatory compliance perspective, but will also allow for our clients to have certainty in a long term banking relationship. That’s why we partnered with top U.S. technology companies to work with us on this new venture.”

The Provident is using the regtech firm Bitfury’s Crystal Blockchain analytics platform as part of its onboarding process for new clients.

The partnership will help ensure that new clients at The Provident have a fully compliant anti-money laundering program in place, and will be utilizing Crystal’s advanced transaction monitoring solution to provide more visibility into their activities on the public blockchain. Once reviewed and approved, a dedicated relationship manager will be assigned to each client.

“The cryptocurrency and blockchain industries represent a growing sector that is increasingly important as companies adopt digital assets,” Marina Khaustova, CEO of Crystal Blockchain, said in a statement. “We are honored to be partnering with The Provident Bank to extend banking services and compliance platforms to this industry through the use of our leading compliance and AML platform.”

The move into the crypto space comes just a month after the bank said it would raise $252 million in a second-step conversion to become a fully stock-owned company. The bank issued a partial IPO more than four years ago.

This is also not the first time the community bank has ventured into nontraditional business lines.

Since issuing its partial IPO in 2015, the bank has grown from about $663 million in assets to close to $1 billion, mainly by shifting its business model to focus more on international small business lending, which has greatly grown its commercial and industrial loan portfolio.