2026-01-13 16:19:06

Crypto-friendly lending institutions are making new moves. Old Glory Bank announced plans to merge with blank check company Digital Asset Acquisition Corp., aiming to go public through this transaction.

The deal is substantial — Old Glory Bank is valued at $250 million. SPAC investors will contribute $176 million, along with at least $50 million in private placement financing to complete the deal. The funding support appears to be quite solid.

After the merger is completed, the company will officially be renamed OGB Financial Co. This financing and listing plan reflects traditional financial institutions' continued optimism about the crypto lending sector. As industry regulation advances, more licensed institutions may go public through financing and listing cases like this. For those interested in the development direction of crypto finance, this case is worth paying attention to.

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BearMarketGardener

· 01-15 15:14

Old Glory Bank is going public, huh? The SPAC move is somewhat interesting. However, the $250 million valuation feels a bit... well, how should I put it? Saying it's expensive might not be entirely accurate, but saying it's cheap definitely shows strong financing power. The key is whether they can really make a name for themselves in crypto lending later on, or it'll just be another story of project teams harvesting retail investors.

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GateUser-e19e9c10

· 01-15 08:44

Oops, traditional finance can't sit still either --- 2.5 billion valuation... feels a bit inflated --- Licensed institutions flocking to go public, now the compliance benefits are coming --- SPAC financing is getting more and more outrageous, but this money is indeed solid --- Cryptocurrency lending seems to be really stable now, big institutions are coming in --- Remember a few years ago when we were criticizing crypto finance, now everyone wants a piece of the pie --- Standardization is the right move, but don't come up with new schemes to cut the leeks again --- OGB Financial... the name sounds quite serious, let's see how their subsequent operations turn out

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MechanicalMartel

· 01-14 22:25

Another SPAC going public, this time it's crypto lending? It seems like these institutions are all rushing to get listed.

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MetaverseHobo

· 01-13 16:49

2.5 billion valuation, feels a bit虚啊... Can SPAC go public still trustworthy? --- Traditional banks are also starting to play with crypto, this time it’s really going to popularize --- Such aggressive fundraising, isn’t it going to be the next爆雷? --- Licensed institutions entering the market are different, it seems regulation is indeed driving this --- OGB Financial? Remember this name, it might be a future opportunity --- Wait, 1.76 billion plus 50 million, is this money really reliable? --- Another SPAC... When will this套路 come up with new tricks? --- Standardization is a good thing, but it still feels far from large-scale application --- Old Glory Bank directly renamed to OGB, quite straightforward哈 --- Traditional finance is eyeing crypto lending, the industry is indeed about to change

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MevHunter

· 01-13 16:45

The old traditional finance finally can't hold back anymore and is starting to flock into the crypto space. They are even using the SPAC listing approach. It seems that major institutions are really taking crypto lending seriously as a business. However, a $250 million valuation... Compared to those projects' valuations, isn't this price quite conservative?

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0xSleepDeprived

· 01-13 16:27

Another SPAC listing, I’m familiar with this routine. Whether it can truly land depends on the actual execution. Traditional finance is finally starting to take crypto lending seriously, indicating that this sector indeed has potential. Valuation at 250 million... I don’t know if it’s overestimated, but I definitely wouldn’t go all in. I’ve never heard of Old Glory Bank, but since so much money is pouring in, they must have some real skills. If it really becomes OGB Financial, it might turn out to be the next big player. Standardization is good, so regulators won’t always be blocking, but it also means fewer opportunities for wild growth like before.

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WalletInspector

· 01-13 16:24

Traditional finance is finally starting to take cryptocurrency seriously. Old Glory's move is quite solid. --- A valuation of 250 million isn't exactly cheap, but the financing setup looks decent. --- Another SPAC listing... When will this routine come up with something new? --- Licensed crypto lending institutions are emerging. What’s meant to come still has to come. --- Wait, is this really an entry into the market or just following the trend to raise funds? --- OGB Financial sounds very legitimate... but we still need to see how they operate later. --- More and more institutions are entering the market. Industry standardization is indeed progressing, and it feels like the trend has shifted. --- Supporting a private placement of 50 million, the funding situation is solid. Betting that this wave can go far.

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