Soulpower Acquisition, SWB Agree to $8.1 Billion Merger to Launch Soul World Bank
By Adriano MarcheseSoulpower Acquisition has agreed to merge with SWB to launch Soul World Bank, a new global bank that also issues digital currency.Soulpower, a financials-focused special-purpose acquisition company, said Monday that it entered into a definitive business-combination agreement for a proposed merger with SWB, a newly formed Cayman Islands company.Back in April, Soulpower raised $250 million in its initial public offering, it said.Following the business combination, the continuing public company would be called SWB Holdings, and Soulpower said it expects to list its public shares on the New York Stock Exchange to trade under the symbol SOUL, to be effective at the time of the closing.Soul World Bank plans to operate as an international bank, offering a wide range of financial services.SWB is expected to go public with an initial valuation of about $8.1 billion, and said it arranged to receive a $5 billion line of credit with CREO Investments.Soulpower said its asset portfolio is designed to provide both stable book value and opportunity for asset tokenization and other financial engineering. The plan is also for the new company to develop a full-licensed free artificial-intelligence bank that would be denominated in a newly created stablecoin and offer a yield incentive for depositors through tokenized assets.A stablecoin is a type of digital currency designed to keep a steady value, usually tied to a fiat currency like the U.S. dollar.The transaction is expected to close in the first quarter of 2026.Write to Adriano Marchese at [email protected]