Old Glory Bank and Digital Asset Acquisition Corporation announce the completion of a business merger agreement, resulting in the formation of a Texas-based company listed on NASDAQ.

2026-01-13 15:22:43

Old Glory Bank, a pro-US digital bank, has reached a definitive merger agreement with Digital Asset Acquisition Corp. (NASDAQ: DAAQ). The combined entity will be named OGB Financial Company and is expected to go public on NASDAQ in the first or second quarter of 2026, under the stock ticker “OGB”. The deal values Old Glory Bank at $250 million (pre-money valuation). DAAQ will hold $176 million in trust funds and plans to raise at least an additional $50 million. Old Glory Bank’s deposits have grown over 2000%, reaching $245 million by the end of 2025. The bank positions itself as a crypto-friendly institution, aiming to become the first chartered bank to fully integrate cryptocurrencies into its daily banking operations, with plans to launch crypto loans and its proprietary ERC-20 stablecoin OGBUSD.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.