Old Glory Bank, known for its cryptocurrency-friendly policies, has announced plans to merge with Digital Asset Acquisition Corporation, aiming to be listed on Nasdaq as OGB Financial Company. The merger awaits shareholder and regulatory approval, but it’s anticipated to complete by the first or second quarter of 2026.

“We aspire for Old Glory Bank to be the pioneering chartered bank to seamlessly blend cryptocurrency with everyday banking,” stated Michael Shaw, the bank’s co-founder and chief innovation officer.

Founded over a century ago as First State Bank of Elmore City in Oklahoma, the modern version of the bank was rebranded in 2022 after its acquisition by Old Glory Holding Company.

Additionally, other firms in the crypto sector are also exploring banking integrations. Recently, firms like Ripple Labs and Circle received conditional banking approvals, highlighting the growing intersection of cryptocurrency and traditional finance.