Old Glory Bank's unification of traditional banking and cryptocurrency. 

We are targeting February or March 2026 for phase one. This will have everything you saw in our demo, except for stablecoin as a service. Our great unified dashboard, on which you can see your crypto prices and your self-custodial wallet, will be available in phase one. You’ll be able to move money on and off the blockchain, use our stablecoin, and we will have liquidity access lines set up. Phase two, possibly launching in May, will have stablecoin as a service and our custodial wallet.

No, the beauty of our product will be the unity of crypto and daily banking in a single app. Those customers who wish to use only the traditional banking features that you are used to will be able to, and those who choose to use the crypto features can do so as well. Freedom of choice!

The OGB USD stablecoin is backed dollar-for-dollar (i.e., no fractional shares). A dollar-backed stablecoin cannot lose value, except to the extent inflation impacts all US currency. OGBUSD is like "cash."  A dollar-backed stablecoin makes it easy to remit payments, but we do recognize it is not a hedge against inflation. The purpose of OGBUSD is to make payments anywhere in the world and fly over the top of the Federal Reserve and the SWIFT platform. But a stablecoin is not an investment asset and is not a hedge against inflation.

We are working on a custodial wallet solution as part of our crypto solution. Our crypto services will be compatible with your cold wallet as well, if you want to go that way.

There is no requirement to use our stablecoin, but we think you’ll want to take advantage of the low friction in using it for on-ramping and off-ramping.

Old Glory Bank is building a best-in-class crypto experience right inside our online banking platform.  Soon, you’ll be able to view your crypto balances and activity alongside your regular accounts, simply by linking your self-custodial wallet to your online banking login. Unfortunately, currently, Old Glory Bank does not have a currency desk and, thus, we are not able to exchange or convert foreign currency. For today, we accept deposits in US dollars, so if your crypto exchange converts crypto into US Currency and ACH's currency to your account, we have no preset restrictions on crypto firms and will look at every transmitter of XRP of funds under the same color lens.

We do not have an announcement regarding gold and silver storage/conversion services at this time.

For crypto lending, collateral is held by a dedicated collateral contract which will be publicly viewable.  Its assets will not be rehypothecated. In the future, we may offer loans in which we rehypothecate collateral, however, that would be a completely separate offering in which the terms are clear, and likely with a different rate structure.

OGBUSD is primarily different from a CBDC in that 1) it is not issued by any government or government agency, and 2) there is no centralized government control of it. The key implication is that even though transactions are visible on chain, your ID and its association with your wallet can remain private.  In terms of interchangeability, OGBUSD is freely tradeable and can always be redeemed at a guaranteed 1:1 through your OGB account.  And, as an ERC-20 token, you may swap it with other tokens on exchanges or through our interface at very low swap fees.

Lastly, the bank does not approve OGBUSD transactions. It’s your money. You spend it as you choose.

Transaction times vary per blockchain.  Our demo was running on Sepolia, which like Ethereum Mainnet, where our initial release will be, has a block completion time of 12 seconds, generally speaking.  Since blocks complete roughly on that 12-second beat, sometimes a transaction hits the transaction queue right before the block closes, and feels instant, and sometimes it comes right after and must wait nearly 12 seconds for the next block.  On a couple of those transactions, we probably got lucky.  On internal transactions we generate, we use an optimized gas strategy that is extremely likely to hit the current block in progress, maximizing our chances of “getting lucky.” 

On XRPL, you’re going to see reliably fast transactions, given the 3-second block time.

We are a law and order bank, so we are always going to follow the law. When you sell a digital asset, just like when you sell stock or land, you will be issued a 1099, as we are required to report the gross proceeds to the IRS. The solution is to not sell your crypto until you need to, and thus you will not have a taxable transaction.

If you send a stablecoin from one account to another account, that is not a redemption, and that happens within your own self-custodial wallet, so there is no transaction to report.

We will have all the advanced security protecting your accounts just as we do today with your traditional bank accounts. With regard to your personal crypto wallet, no one should ever need or want the keys to your wallet, including any bank. So if you choose to use a self-custodial wallet, we have no power to access that wallet whatsoever. The security is well within your control.

When it comes to custodial wallets you have with us, we are working on security protocols now, which will give you the same level of security you expect and deserve from any bank.

Regarding protection against search and seizure or government freezing accounts? We will hold to the same standard we do now, which is pushing the limit to the extent of the Constitution and the law. We are a law and order bank. We frequently push back on subpoenas, and we will not willingly give up a customer’s data. But we will always operate lawfully. When it comes down to it, you have to trust that your bank has your back, knows the law, and isn’t afraid to push back on unlawful overreach.