Old Glory Bank, a pro-America digital lender, is set to merge with Digital Asset Acquisition Corporation (DAAQ) to form OGB Financial Company, a Nasdaq-listed entity focused on integrating cryptocurrency into traditional banking. The merger, announced on January 16, aims to streamline blockchain access and introduce new crypto lending options, with plans to issue a stablecoin, OGBUSD, for global payments. The transaction, expected to close by mid-2026, involves DAAQ's $176 million trust and seeks an additional $50 million in financing. Old Glory Bank, which has grown its deposits to over $245 million since launching online banking in 2023, plans to offer seamless crypto on- and off-ramps and self-service crypto loans across all 50 states.
Old Glory Bank to Merge with DAAQ for Crypto-Integrated Banking
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