Old Glory Bank to Go Public via SPAC Merger, Embracing Crypto Integration
Old Glory Bank, a century-old Oklahoma-chartered institution with crypto-friendly policies, announced plans to merge with Digital Asset Acquisition Corp. The resulting entity—OGB Financial Company—will list on Nasdaq under ticker 'OGB' by early 2026, marking a significant bridge between traditional finance and digital assets.
The Texas-based firm will develop tools like the OGB Freedom Offramp, enabling seamless conversion between crypto and fiat. This SPAC merger reflects growing institutional demand for hybrid banking solutions as regulatory clarity improves.
Market observers note the deal's timing coincides with renewed Wall Street interest in crypto infrastructure plays. 'Banks that natively integrate blockchain rails will capture the next wave of institutional capital,' remarked a fintech analyst familiar with the transaction.
