From Ohio State Bank to Nasdaq: How Traditional Financial Institutions Are Fully Embracing the Crypto Ecosystem

OnChainDetective · 2026-01-13T15:18:33+00:00

Old Glory Bank plans to go public through a SPAC merger, transforming into a digital bank and fully integrating into cryptocurrency. This move reflects the acceleration of traditional finance into the crypto space, demonstrating the gradual establishment of crypto assets' position in mainstream finance.

OnChainDetective

2026-01-13 15:18:33

Abstract generation in progress

【Blockchain Rhythm】 Recently, I heard an interesting development — a bank called Old Glory Bank is planning to go public through a merger with a SPAC (Special Purpose Acquisition Company).

This bank has quite a background. Originating from Oklahoma, USA, it was originally a traditional banking institution, but in 2022, it made a major turnaround, completed a brand overhaul, and fully transformed into a digital bank. Now, their new plan is even more aggressive — to fully integrate cryptocurrencies into lending, deposit, and investment products. You can imagine, this means that ordinary users will be able to seamlessly access crypto assets while conducting their daily banking activities at this bank.

This listing actually reflects a larger trend: traditional financial institutions are accelerating their entry into the crypto space. From the Federal Reserve softening its stance, to the gradual improvement of regulatory frameworks across regions, and now with banks directly positioning cryptocurrencies as a core business, the pace of change is indeed rapid. For the Web3 ecosystem, such moves mean that compliance channels are gradually opening, and the mainstream financial status of crypto assets is slowly being established.

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ProofOfNothing

· 4h ago

Traditional finance is finally coming, I should have known not to get off so early.

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SleepyValidator

· 15h ago

Traditional finance can no longer hold back and is going all-in on crypto, indicating that the trend is set. Really daring, going for SPAC listings and crypto financing, the American way is still the best. But I'm just worried that regulations will start to stir again, and it will be another round of cutting leeks. If this wave succeeds, other banks will follow suit soon. Ordinary people can finally access crypto legitimately, no more sneaking around. Cold wallet: I have no opponents. Where is the promised risk warning? It's just another tactic to trap retail investors.

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SchrodingerAirdrop

· 20h ago

The last stubbornness of traditional finance? Or a new opportunity in the crypto sector? Let's honestly wait for the dust of regulation to settle.

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gas_fee_therapist

· 20h ago

Traditional banks are starting to get involved in crypto, and there's really no turning back now. The entry of established institutions is a signal; regulatory friendliness is really changing. This SPAC listing... but at least it shows that wealthy people are starting to take this seriously. The Ohio bank's move feels like the entire financial circle is about to change. Banks are starting to play with coins—are we still far from a true Web3 world? The signal of traditional finance's surrender—it's just a matter of who can survive until that day. This is what you call a blow with dimensionality reduction; traditional financial institutions can no longer sit still. It feels like 2024 is the real start; everything before was just a warm-up. Is crypto being absorbed by mainstream financial institutions a sign of the endgame? It's a bit ironic—banks have always been synonymous with centralization. Is the entry of traditional finance still a good thing? Let's wait and see. The pace of this change is really fast; it feels like the crypto winter isn't that scary anymore. It's heating up—even banks don't want to fall behind. This kind of SPAC operation... as long as the money comes in, it's all good.

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GoldDiggerDuck

· 20h ago

Wow, traditional banks are really going all in. The mainstream acceptance is truly here. Wait, SPAC listing... isn't this another scheme to cut leeks? Traditional finance embracing the crypto world is indeed the trend, but it still depends on how they handle the risks. This bank in Ohio is really bold, directly making crypto the main course. Not afraid of regulatory backlash? This is what we've been waiting for—the crypto infrastructure inside the banking system. Awesome.

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SatoshiHeir

· 20h ago

It should be pointed out that Old Glory's move is essentially a compromise of traditional finance with the value consensus—according to the logic of the white paper, this should not be done by banks at all, but by the native protocol of the chain. --- Another struggle of the fiat currency system. SPAC listing? Ha, this is a typical case of people within the system trying to understand the new world using old tricks. --- It is obvious that regulatory softening is the real trigger. On-chain data shows that institutional funds are pouring in, this is not a trend issue, it is a major cycle turning point. --- Laughing, these people are still using marketing terms like "seamless contact." What users truly need are autonomous wallets and sovereignty control, but what you provide is still another form of custody. --- Back to the technical fundamentals, what Satoshi Nakamoto wrote in mid-2009 has long refuted this entire logic. Now, it’s just history repeating itself. --- Honestly, the signal significance of this matter far exceeds its practical significance, but at least it proves that the crypto ecosystem has grown to a point where they must bow down.

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OnchainFortuneTeller

· 20h ago

Traditional finance finally can't sit still anymore, this is the real reversal. Wait, is this SPAC IPO reliable? Isn't the risk also quite high? That bank in Ohio is really bold, directly treating the crypto industry as its main business. This time, it might really break the ice. I just want to know if users dare to deposit their money... Is the regulation really at ease? From rejection to embrace, the speed at which the financial industry flips is truly astonishing haha

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