Old Glory Bank has positioned itself at the center of a growing conversation about XRP.
In a post on X, the bank addressed its financial standing directly and confirmed its move toward blockchain-based banking.
The post referenced XRP’s underlying infrastructure as part of that transition. For XRP holders watching institutional adoption, the statement carries real significance.
What Triggered the Conversation
The context starts with the XRP community. Crypto researcher SMQKE (@SMQKEDQG) posted that Old Glory Bank had been “properly introduced” to the XRP community. The thread argued the bank was “positioned to become a U.S. leader in retail onboarding” and that its plans included “efficient networks like the XRPL.”
The post concluded that XRP “continues to be prioritized by Ripple and TradFi institutions enthusiastic about digital assets.” That generated attention, but it also generated skepticism.
An user named Slick-Brick pushed back, citing regulatory filings. Those filings showed total assets of $284.1 million, total deposits of $272.71 million, and total liabilities of $275.77 million. Slick-Brick stated the bank was “on the verge of being insolvent” and that “major banks/institutions will not use XRP.”
While you may understand the blockchain, it appears you do not understand banking. We have $280mm in assets and only $20mm in loans. We are about 90% liquid, with our assets being held in floating agency bonds. We have the best asset class in the industry. This is why we support…
— Old Glory Bank (@OldGloryBank) November 12, 2026
Old Glory Bank Responds
Old Glory Bank responded directly. The post opened by acknowledging the blockchain discussion, then addressed the balance sheet numbers. The bank stated it had “$280mn in assets and only $20mn in loans” and described itself as “about 90% liquid, with our assets being held in floating agency bonds.”
The bank described this as “the best asset class in the industry.” It then connected that position to its strategic direction. “This is why we support the move from fiat to the blockchain.”
The bank added that it does not currently have the liquidity “to support a move from fiat to digital” and stated it is “absolutely doing one more large capital transaction before we launch NextGen banking, to support the growth that we know will come.”
What the Post Confirms
Old Glory Bank did not name XRP or the XRP Ledger explicitly in this post. The confirmation of XRPL as the network of choice comes from the bank’s own website, which the SMQKE thread cited. What the post does confirm is the bank’s intent to move to blockchain-based infrastructure and its acknowledgment that a capital raise is the final step before that launch.
More Responses
Slick-Brick followed up noting the bank has not operated under a FDIC consent order since May 2024 “due to insufficient capital.” Old Glory Bank responded, calling its liquidity position “Tier 1 capital” and describing the capital raise as coming from “main street” investors. Other commenters expressed optimism about the NextGen banking platform.
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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