Tron Targets Nasdaq Listing via SRM Reverse Merger
The Tron blockchain project is making headlines with its plan to go public in the United States. According to the Financial Times, Tron will achieve this by executing a reverse merger with Nasdaq-listed SRM Entertainment. The move will create a new entity, Tron Inc., which will inherit up to $210 million in tokenized assets.
Tron Inc. to Mirror Strategy’s Crypto Treasury Model
Sources close to the deal say Tron Inc. will emulate the playbook of Strategy, formerly known as MicroStrategy. The new company intends to acquire and hold Tron tokens as a core treasury asset. This mirrors Michael Saylor’s leveraged approach to holding Bitcoin as a corporate reserve.
Tron‘s shift from a traditional blockchain foundation to a corporate crypto vault signals a major strategic pivot — and a bet on long-term token appreciation.
Eric Trump Poised to Join Tron Inc. Leadership
Adding to the intrigue, insiders report that Eric Trump is expected to assume a leadership position at Tron Inc. The reverse merger is being structured by Dominari Securities, an investment bank based in Trump Tower, deepening the connection between Tron and the Trump family.
Justin Sun’s Crypto Ties to Trump Deepen
Founded by billionaire Justin Sun, Tron is no stranger to political alliances. Earlier this year, Sun invested $75 million into World Liberty Financial, a Trump-backed crypto project. Former President Donald Trump personally earned $57 million from the venture.
Further cementing their relationship, World Liberty launched its first stablecoin on the Tron blockchain. Sun also claims to be the top holder of the $TRUMP meme coin and attended a VIP dinner at Trump National Golf Club with 219 other guests.
Crypto Meets Politics at Trump Gala
The Tron founder received a Trump-branded Golden Tourbillon at the banquet — a spectacle that attracted global attention. Around 72% of attendees were non-Americans, raising concerns about foreign influence in U.S. crypto regulation.
Protesters outside the event chanted “America is not for sale,” criticizing the cozy relationship between Tron, Trump, and U.S. political access.
Tron’s Public Move Amid Regulatory Scrutiny
The SRM Entertainment deal comes just four months after the SEC paused its fraud case against Sun and his associated companies. A settlement may be in progress, which could clear the path for Tron‘s public debut.
If successful, the Tron reverse merger could set a precedent for how blockchain entities enter public markets amid shifting U.S. regulation.