According to Bloomberg, crypto-friendly lender Old Glory Bank will go public through a merger with the blank-check company Digital Asset Acquisition Corp. Old Glory Bank has deep roots as a traditional lender in Oklahoma, but rebranded as a digital bank in 2022, announcing plans to fully integrate cryptocurrency into its lending, deposit, and investment products.
Old Glory Bank to Go Public via SPAC with Digital Asset Acquisition Corp
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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, a SPAC. Based in Oklahoma, the lender has operated as a digital bank since 2022 and plans to integrate cryptocurrency into its core services. News about digital collectibles may gain more attention as the bank expands its product offerings. The deal underscores the increasing interest in financial services enabled by cryptocurrency.
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