Old Glory Bank has gone on record about how customers will hold XRP on its upcoming Next-Gen platform. The bank responded publicly to a user questioning its custody model and used the opportunity to explain its full approach to digital asset holding.
The response also confirmed where XRP fits within the platform’s structure and what customers should expect at launch.
Self-Custody Is the Starting Point
Old Glory Bank responded to a user who raised questions about yield and custody. The bank stated that “the XRP ledger (XRPL) is a public, open-source blockchain and customers can absolutely hold their own keys in their own self-custodial wallet, both cold and hot.”
At launch, the bank will not offer custody. It said it has been “the first company to talk about how a self-custodial wallet is the safest way to hold digital assets.” The bank cited the Binance and Drift Protocol breaches as evidence.
Those incidents happened because customers held assets in the organization’s custodial wallet. Old Glory Bank is building its model around avoiding that exact structure.
We humbly disagree. The XRP ledger (XRPL) is a public, open-source blockchain and customers can absolutely hold their own keys in their own self-custodial wallet – both cold and hot. At launch, we are not offering custody. We have been the first company to talk about how a…
— Old Glory Bank (@OldGloryBank) November 13, 2026
A Custodial Option is Coming Later
The bank confirmed a custodial wallet is planned for Q3 2027. Until then, it strongly recommends customers hold digital assets in their own self-custodial wallet, preferably cold storage.
Customers will then link that wallet to the Next-Gen app to move fiat on and off the blockchain. XRP sits at the center of that flow, with Ripple Rails confirmed as the infrastructure for XRP transactions on the platform.
XRP Confirmation and the Capital Raise
Reports confirmed that the bank’s own website stated it uses Ripple Rails for XRP transactions. XRP is prioritized for a second phase rollout, following the initial crypto launch. The bank’s FAQ serves as the primary source for the XRPL confirmation.
The bank has also responded to critics who questioned its financial health. Old Glory Bank stated it has $280 million in assets and only $20 million in loans, describing itself as approximately 90% liquid. The bank confirmed it plans one more capital raise before the Next-Gen banking launch.
It connected that liquidity position directly to its stated goal of supporting the transition from fiat to the blockchain. Old Glory Bank has laid out a clear sequence. Self-custody first, a capital raise next, then the Next-Gen launch with XRP support running on Ripple Rails. The custodial option follows in 2027.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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