Tron to Go Public in US Through Reverse Merger with Nasdaq-Listed SRM Entertainment

Highlights:

• Tron will go public through a reverse merger with SRM Entertainment led by Dominari Securities.
• Eric Trump is expected to join Tron as the company deepens ties with the Trump family and political circles.
• TRX gained nearly 5% after the news as SRM plans to stake tokens and offer returns through a dividend policy.

Tron, a decentralized blockchain-based platform, is preparing to enter the US public markets through a reverse merger with Nasdaq-listed SRM Entertainment. The Financial Times first reported the news, citing sources familiar with the transaction. The merger will lead to the creation of a new entity called Tron Inc., which will be injected with up to $210 million worth of TRX, Tron’s native token. Dominari Securities, an investment firm affiliated with Dominari Holdings, is arranging the deal.

TRON, founded by crypto billionaire Justin Sun, set for IPO after US authorities pause investigation pic.twitter.com/ftIcQqq1pk

— Abhi (@0xAbhiP) June 16, 2025

Tron Inc. is expected to function as a public vehicle holding a large crypto treasury. This structure closely mirrors the model used by Strategy, formerly known as MicroStrategy, which has gained attention for accumulating Bitcoin on its balance sheet. Strategy’s approach allowed stock market investors to gain exposure to crypto through equity shares. Tron aims to replicate that success by enabling similar access to TRX through the traditional markets.

SRM Entertainment also recently reported a $100 million equity investment agreement with a private investor. SRM will use the proceeds to acquire and stake TRX tokens as part of its long-term treasury plan. The transaction terms include warrants that could increase its value to $210 million. The two companies strengthened their partnership by bringing Tron creator Justin Sun on board as an advisor to SRM.

SRM Entertainment $SRM Invests $100 Million in TRON, Appoints Justin Sun as Advisor: SRM Entertainment (Nasdaq: SRM) secures a $100 million equity investment from a private investor to launch a TRON (TRX) treasury strategy. The deal includes issuing convertible preferred stock… pic.twitter.com/i3BNUa4vTq

— BOLLWERK AI (@BollwerkAI) June 16, 2025

Trump Family Ties Deepen Through Business and Advisory Roles

The transaction also indicates the growing partnership between Tron and the Trump family. Eric Trump is scheduled to join Tron Inc. in an executive capacity. His participation, although his specific role is yet to be verified, means closer political and financial relations. The lead facilitator of the deal, Dominari Securities, is based in Trump Tower and has deep connections with the Trump business network.

Dominari Holdings, the parent company of Dominari Securities, is related to American Data Centers as well. That venture recently partnered with crypto mining company Hut 8 to form American Bitcoin. Both Eric Trump and Donald Trump Jr. sit on Dominari Holdings’ advisory board. Their growing presence in crypto-related ventures suggests increased interest from political circles in blockchain infrastructure.

Justin Sun has also acted on a personal level to have closer relations with the Trump circle. He made a $75 million venture in World Liberty Financial, a crypto corporation supported by the Trump family. This investment enabled Sun to have a dinner with Donald Trump at the Trump National Golf Club located in Virginia. 24 top holders of the $TRUMP meme coin were also present at the event.

TRX Token Gains as Market Reacts to Public Listing Plans

TRX, Tron’s native token, experienced a surge in value following news of the public listing plan. According to CoinMarketCap, TRX gained nearly 5% and was trading around $0.288. However, the price has stabilized at $0.2778 at the time of reporting. In addition, the trading volume is up 235% to $1.03 billion, and the market cap stands at $26.34 billion.