Old Glory Bank has issued further public remarks detailing how customers will manage XRP on its forthcoming Next-Gen platform. Addressing a user inquiry concerning custody and yield, the institution clarified its overarching digital asset framework.
The statement additionally clarified XRP’s position within the platform architecture and outlined what users can anticipate when the service debuts.
Self-Custody Is the Starting Point
In its reply to a user asking about yield and custody, Old Glory Bank noted 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.”
Custody will not be provided by the bank at launch. Pointing to security breaches at Binance and Drift Protocol as examples, the bank stated it has been “the first company to talk about how a self-custodial wallet is the safest way to hold digital assets.”
Because those past security failures occurred when users stored funds in an entity’s custodial wallet, Old Glory Bank is designing its system to steer clear of that specific framework.
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
A custodial wallet feature is officially scheduled for a Q3 2027 rollout. Until that time, the bank strongly advises users to keep digital assets in their own self-custodial wallets, ideally utilizing cold storage.
Users will connect that wallet to the Next-Gen application to facilitate the transfer of fiat currency on and off the blockchain. XRP anchors this transactional process, with Ripple Rails verified as the underlying technology supporting XRP operations on the service.
XRP Confirmation and the Capital Raise
Verification came via the bank’s official website, which confirmed that it uses Ripple Rails for XRP transactions. Following the initial cryptocurrency rollout, XRP is slated for the second phase of deployment. The primary documentation confirming XRPL integration is located in the bank’s FAQ.
Addressing critics who raised doubts regarding its financial stability, Old Glory Bank reported holding $280 million in assets alongside just $20 million in loans, rendering it roughly 90% liquid. Furthermore, the bank verified that one final capital raise will occur ahead of the Next-Gen banking debut.
The institution tied this strong liquidity standing directly to its mission of facilitating the shift from traditional fiat to blockchain technology. Old Glory Bank’s timeline begins with self-custody, followed by a capital raise, and culminates in the Next-Gen rollout featuring XRP transactions powered by Ripple Rails, ahead of the custodial alternative arriving in 2027.