Tron, the prominent cryptocurrency network, is preparing to enter the public markets following the cessation of a U.S. regulatory probe into its founder, Justin Sun, according to a report by the Financial Times. The company plans to execute a reverse merger with SRM Entertainment, a Nasdaq-listed entity, facilitating a streamlined public listing process. This strategic move is being facilitated by Dominari Securities, a boutique investment firm with notable connections to Donald Trump Jr. and Eric Trump.
The newly established joint venture, to be named Tron Inc., will adopt a treasury management approach similar to MicroStrategy by acquiring and holding significant amounts of TRX tokens. Sources indicate that Tron will contribute up to $210 million in token assets to the new entity, underscoring its commitment to leveraging digital assets as core corporate holdings. Additionally, Eric Trump is anticipated to assume an executive role within the company, signaling a high-profile leadership structure aimed at driving investor confidence.