Old Glory Bank is wagering its century-old charter on crypto, pursuing a $250 million SPAC merger to fuse FDIC-insured banking with stablecoins, instant on-off ramps, and youth-driven digital demand—while balancing strict regulation against its promise of financial autonomy.
Old Glory Bank (OGB) is betting its 123-year-old charter on cryptocurrency. In a $250 million SPAC merger with DAAQ, this FDIC-insured bank sets its sights on becoming the first bank incorporating crypto into everyday banking as it navigates new policy restraints in the banking industry.
OGB’s merger with DAAQ reflects its two-pronged strategy: first, to advance their mission of freedom in banking; and second, to ensure adequate liquidity and promote continued growth.
Michael Staw, OGB’s co-founder and chief innovation officer, drew attention to OGB’s mission to provide individual autonomy, stating that “We intend for Old Glory Bank to be the first chartered bank to fully integrate crypto into daily banking.” While it may
