- Tron plans to go public in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment.
- The new entity, Tron Inc., will hold $210M in TRX and involve Eric Trump in a leadership role.
- Justin Sun praised Trump’s pro-crypto approach, calling it a major positive for the industry.
Tron, the blockchain platform founded by billionaire Justin Sun, is reportedly preparing to go public in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment, according to the Financial Times. The deal is being orchestrated by Dominari Securities, an investment firm with ties to the Trump family. This move positions Tron among the latest in a growing wave of crypto firms seeking access to public markets.
Tron Inc. to Hold TRX Like Strategy Holds BTC
The newly formed company, Tron Inc., will operate similarly to Michael Saylor’s Strategy (MSTR), holding TRX tokens on its balance sheet. Tron plans to inject $210 million worth of its native token, TRX, into the firm. Eric Trump, son of U.S. President Donald Trump, is reportedly taking a role in the venture, signaling deepening ties between Tron and the Trump political orbit. Following the news, TRX surged nearly 4% to $0.28, while SRM Entertainment shares spiked by 250% in pre-market trading.
Sun, Trump, and the Growing Crypto-Political Nexus
Justin Sun has long been connected to the Trump family and was recently seen at a Presidential dinner for TRUMP memecoin holders. He also reportedly holds $75 million worth of tokens from World Liberty Financial, a DeFi initiative backed by the Trump family.
After Trump took office, the SEC paused a civil fraud case against Sun, a move that has raised eyebrows. Speaking to CoinDesk after the dinner, Sun praised Trump’s crypto stance: “There are positive things happening in the industry.”
