A newly structured financial services entity is preparing to enter public markets through one of the largest SPAC transactions announced this year, drawing interest across the digital finance sector for its stated plan to integrate regulated banking functions with cross border stablecoin issuance. SWB, designed as the operating foundation for the forthcoming Soul World Bank, is set to merge with Soulpower Acquisition Corp in a deal valuing the combined company at more than eight billion dollars. The move comes during a period when blank check mergers are regaining traction after a prolonged downturn, supported by sponsors who view the structure as a faster route to capital formation compared with traditional public offerings. SWB’s positioning signals an ambition to create a hybrid model that blends conventional financial services with blockchain driven settlement tools, a combination being monitored closely as regulatory definitions evolve across global markets.
The company plans to obtain a banking license through the acquisition of Bank of Asia, a British Virgin Islands institution currently in liquidation, allowing SWB to anchor its digital offerings within a supervisory perimeter that supports cross border servicing. Alongside this strategy, SWB has announced a partnership with Animoca Brands to build and issue a stablecoin focused on international payments, reflecting ongoing efforts by financial groups to enter the tokenized currency landscape with compliant structures and recognizable partners. If executed, the initiative would position SWB at the intersection of banking oversight, blockchain infrastructure, and institutional grade settlement workflows, aligning with growing demand for stablecoin frameworks that operate within regulated environments rather than fully decentralized ecosystems. The planned deployment signals confidence that tokenized payment rails will expand as regulatory clarity stabilizes in coming years.
To support expansion and capital needs, SWB has secured an equity facility of up to five billion dollars from CREO Investments, providing additional funding flexibility once the merger closes and trading begins under the ticker symbol SOUL on the New York Stock Exchange. The transaction is expected to complete in the first quarter of next year, pending shareholder approvals and standard regulatory processes. Following the merger, founder Justin Lafazan will take on the role of chairman, guiding the development of both the stablecoin initiative and the broader financial services platform. Market observers view the scale of the fundraising commitments as evidence that institutional investors continue to see potential in combining regulated financial entities with blockchain based products, especially as stablecoins become a larger component of payments infrastructure. SWB’s launch trajectory illustrates the increasing overlap between tokenization, compliance ready banking structures, and public capital markets as the digital finance sector matures.
