According to a recent Financial Times report, Tronâthe blockchain platform led by crypto mogul Justin Sunâis planning a major leap into the U.S. public markets. The strategy? A reverse merger with SRM Entertainment, a company already listed on Nasdaq. The deal, facilitated by Dominari Securities, would create a new entity called Tron Inc., holding significant reserves of TRX, Tronâs native cryptocurrency.
Eric Trumpâs Potential Role in Tronâs Future
The report also hints at Eric Trump, son of former U.S. President Donald Trump, possibly taking a leadership role in the restructured company. This adds an intriguing political angle to Tronâs expansion plans.
$210 Million in TRX: A MicroStrategy-Inspired Play?
The new Tron Inc. is expected to inject $210 million worth of TRX tokens into its treasuryâa move reminiscent of MicroStrategyâs Bitcoin-heavy strategy. This positions Tron as a publicly traded crypto powerhouse, leveraging its digital asset holdings for growth.
Dominari Securities, part of Dominari Holdings, has ties to American Data Centers, an AI infrastructure venture co-founded by Eric Trump and Donald Trump Jr. (both serve on its advisory board).
Following Circleâs Success: A New Wave of Crypto Listings?
This news comes just after Circle Internet Financialâs high-profile NYSE debut, where it raised $1.05 billionâone of the biggest crypto IPOs this year. With regulatory clarity improving under the Trump administration, investor interest in blockchain firms is surging.
Justin Sunâs Growing Ties to the Trump Family
Sunâs connection with the Trumps seems to be strengthening. In May, he attended an exclusive dinner at Trump National Golf Club alongside top holders of the $TRUMP meme coin.
Heâs also invested $75 million in World Liberty Financial, a Trump-linked crypto project that recently launched the USD1 stablecoin on the Tron network.
Market Reaction: TRX Price Jumps 3%
Following the merger news, TRXâs price rose by ~3%, reaching $0.2785 (per CoinGecko). If the deal succeeds, Tron could become a major player in both crypto and traditional markets.
Key Takeaways:
If this merger succeeds, Tron could set a new precedent for crypto projects entering traditional markets. With regulatory winds shifting and big-name backers, this might be just the beginning of a major crypto-stock market convergence.
Would you invest in a publicly traded Tron? Let us know in the comments!
