[Crypto-Friendly Lending Institution Old Glory Bank Plans to Go Public on Nasdaq via SPAC Deal] According to Bloomberg, the crypto-friendly lending institution Old Glory Bank will merge with blank-check company Digital Asset Acquisition Corp to achieve a public listing. In this transaction, the special purpose acquisition company (SPAC) will inject $176 million, with an additional private investment of at least $50 million to support the completion of the deal. After the transaction, Old Glory Bank will be valued at $250 million. The new company will be named OGB Financial Co. and will be listed on Nasdaq under the ticker symbol OGB. Based in Oklahoma, Old Glory Bank was originally a traditional lending institution but rebranded as a digital bank in 2022, declaring its intention to integrate cryptocurrency into its loan, deposit, and investment products. It is one of several cryptocurrency-related companies transitioning into regulated banks, with most recent transformations achieved through trust charter applications. Last month, five crypto companies, including Circle Internet Group Inc. and Ripple, received conditional approval for trust charters from key banking regulators.