Soul World Bank, planning to enter the public markets, is set to merge with Soulpower Acquisition Corp. This merger aims to create a new entity that will trade on the New York Stock Exchange under the ticker ‘SOUL,’ expected in early 2026.

As reported by Reuters, there has been an uptick in SPAC activity in 2025 after several years of decline. Long-time sponsors have begun to explore this structure as a viable alternative to traditional initial public offerings (IPOs). Soulpower Acquisition Corp. announced that SWB, established for the creation of the proposed Soul World Bank, has agreed to a deal valued at around USD 8.1 billion.

Background on the SPAC and Planned Business Model

SWB intends to function as a diversified financial institution with an initial focus on digital assets and cross-border payment infrastructure. The organization aims to acquire the banking license of the Bank of Asia, currently in liquidation proceedings in the British Virgin Islands, which is expected to serve as the regulatory framework for its future services, including digital banking products and stablecoin issuance.

As part of its strategy, SWB plans to work with blockchain developer Animoca Brands to design and distribute a cross-border stablecoin. While development efforts are still underway, the project is geared towards supporting international payments.

Following the merger announcement, CREO Investments has agreed to provide SWB with an equity facility of up to USD 5 billion. Company officials state that this arrangement will offer capital flexibility as SWB moves towards public listing and begins constructing its proposed financial infrastructure.