The pace of integration between crypto assets and traditional finance is accelerating. Old Glory Bank announced it will merge with Digital Asset Acquisition Corp, planning to go public on NASDAQ under the new company name OGB Financial Co., with the stock ticker OGB. In this deal, the SPAC will inject $176 million, along with at least $50 million in private funding. After the transaction is completed, Old Glory Bank's valuation will reach $250 million.

This bank is based in Oklahoma and completed a brand upgrade in 2022 to shift towards digital banking, aiming to integrate cryptocurrency assets into traditional lending, deposits, and investment services. Notably, recent regulatory signals have also been friendly—five crypto companies, including Circle and Ripple, have received conditional approval for trust licenses. It appears that the fusion of traditional finance and digital assets is moving from an experimental phase to a more practical implementation stage.