Soulpower Acquisition Corporation is a blank-check company that went public in April 2025, raising $250 million to target businesses in the financial services, insurance, and retirement savings sectors. In November 2025, the SPAC announced a definitive business combination agreement with SWB LLC, a newly formed Cayman Islands entity. The merger, valued at approximately $8.1 billion pre-money, will result in a new publicly traded holding company, SWB Holdings, which intends to operate as SOUL WORLD BANK.
SOUL WORLD BANK is being designed as a "new economy" financial services conglomerate and licensed international financial institution. Its planned operations include a stablecoin-denominated AI bank that offers yield to depositors through tokenized real-world assets. To support its balance sheet and tokenization efforts, SWB has secured binding agreements for approximately $6.75 billion in asset contributions, including the acquisition of exclusive mining rights to high-grade iron projects in Uruguay. The combined entity aims to bridge traditional financial markets with Web3 technologies, utilizing artificial intelligence, stablecoins, and asset tokenization to offer a diverse suite of international financial services. The transaction is expected to close in mid-2026, after which the combined company will continue to trade on the New York Stock Exchange under the ticker symbol SOUL.
