The Tron blockchain is reportedly planning a backdoor entry to the US public markets through a reverse merger with SRM Entertainment, a Nasdaq-listed company, the Financial Times reported on June 16.
If completed, the merger would create a new company, Tron Inc., holding large amounts of TRX, Tron’s native token. The report also suggested that Eric Trump, son of the US president Donald Trump, may join Tron Inc. in a leadership capacity.
According to the report, Dominari Securities, a boutique investment firm based in New York, is arranging the transaction.
TRON is one of the largest blockchains in the crypto industry, founded by Justin Sun. The network is widely adopted for its large stablecoin market and is renowned for its cheap and fast transactions.
Tron Treasury management
In a related move, SRM Entertainment announced a $100 million equity investment through a Securities Purchase Agreement with a private investor.
The investment will fund a new TRX Treasury Strategy, backed by warrants that could raise the deal’s total value to $210 million.
Justin Sun has also been appointed as an advisor to SRM Entertainment. Dominari Securities is serving as the exclusive placement agent for the offering.
SRM plans to use the funds to acquire and stake TRX tokens, positioning itself for long-term returns in the digital asset space. Following the successful rollout of its staking program, the company reportedly also intends to introduce a dividend policy.
Sun said:
“Stablecoins and blockchain are revolutionizing global payments, enabling faster, cheaper, and more transparent transactions. With over 310 million international user accounts and average daily transactions YTD exceeding $20 billion, TRON strives to be the protocol of choice for onchain settlement serving the mass populations worldwide.”
TRX rises
Following the news, Tron’s native token TRX surged nearly 7%, trading at $0.2841 at press time.
Meanwhile, these developments signal a dramatic shift for Tron and its founder, Justin Sun, who has previously faced scrutiny from US regulators, including investigations by the Securities and Exchange Commission.
However, Sun has recently aligned himself with pro-crypto initiatives associated with President Trump, including the launch of the TRUMP memecoin and the USD1 stablecoin under the World Liberty Financial brand.
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