Odaily Planet News: Crypto-friendly lending institution Old Glory Bank will go public through a merger with the blank-check company Digital Asset Acquisition Corp. While Old Glory Bank has deep roots as a traditional lender in Oklahoma, it rebranded in 2022 as a digital bank and announced plans to fully integrate cryptocurrency into its lending, deposit, and investment products. (Bloomberg)
Bloomberg: Crypto-Friendly Old Glory Bank to Go Public via SPAC
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Summary
Old Glory Bank, a digital asset news focal point, is set to go public through a merger with Digital Asset Acquisition Corp. Based in Oklahoma, the lender rebranded as a digital bank in 2022 and plans to integrate cryptocurrency into its core services. News about digital collectibles may also gain momentum as the bank expands its digital offerings.
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