- Tron will go public in the U.S. through a reverse merger with SRM Entertainment Inc.
- SEC paused its investigation into founder Justin Sun, removing a key obstacle.
- Eric Trump is expected to join leadership, and SRM will rebrand as Tron Inc. with $100M treasury strategy.
The Tron blockchain platform is set to go public in the United States. The move will be accomplished via a reverse merger with the Nasdaq-listed company SRM Entertainment Inc. This development comes after the U.S. Securities and Exchange Commission (SEC) paused its investigation into Tron’s founder, Justin Sun, clearing a major legal hurdle for the deal.
The announcement was made on June 16. It marks a significant step for one of the world’s most active blockchain networks to gain a foothold in U.S. public equity markets.
SRM Entertainment to Rebrand as “Tron Inc.” with $100M Treasury Plan
SRM confirmed it will change its name to Tron Inc. as part of the merger deal. The company also announced a $100 million equity investment into a new “TRON Treasury Strategy” focused on building U.S.-based blockchain operations. This reverse merger allows Tron to bypass a traditional IPO and secure a Nasdaq listing.
Justin Sun, who founded Tron in 2017, has been appointed as an advisor to the company. The SEC originally filed a lawsuit against him in 2023 for alleged market manipulation and securities violations. The paused case, now on hold for potential resolution, clears a major legal hurdle for the public move.
SEC Lawsuit Pause and Eric Trump’s Expected Role
Eric Trump is expected to take a leadership role at the newly formed Tron entity, according to the company. This follows President Donald Trump’s increasing focus on crypto during his 2024 campaign. Neither Eric Trump nor Tron has made an official public comment on his appointment.
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The restructured company will use the $100 million investment to grow the Tron ecosystem and expand its U.S. presence. Tron is already one of the most active blockchains globally, especially in Asia. The U.S. listing could attract institutional investors and bring new attention to the network.
Tron’s reverse merger gives it instant access to U.S. equity markets. The timing for the completion of the merger has not been disclosed, but all required regulatory filings are reportedly underway.
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