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Breaking: Tron ($TRX) Announces Intent for U.S. Public Offering – Implications for Cryptocurrency
Tron, the blockchain platform established by crypto magnate Justin Sun, is reportedly preparing to enter U.S. public markets via a reverse merger with SRM Entertainment, which is listed on Nasdaq, as per a recent report from the Financial Times. The transaction will be facilitated by Dominari Securities.
Upon completion, the agreement will create a new entity named Tron Inc., which is expected to possess significant quantities of TRX, the native digital asset of Tron.
The FT report suggests that Eric Trump, the son of U.S. President Donald Trump, may take on a leadership role within the newly branded company.
Tron to Infuse $210M in TRX as It Aims for Nasdaq Listing
The newly established Tron Inc. is anticipated to acquire up to $210 million worth of TRX tokens, adopting a structure similar to MicroStrategy’s Bitcoin-focused treasury model, thereby positioning itself as a publicly traded entity to utilize its crypto reserves.
Dominari Securities operates under Dominari Holdings, which is connected to American Data Centers. This initiative, centered on AI infrastructure, was co-founded by Eric Trump and Donald Trump Jr., both of whom are members of the advisory board.
JUST IN: Tron $TRX to go public in the US.
For your info JS is the largest holder in $trump coin. Do you understand game… pic.twitter.com/gegiKNxlmL— Nilesh Rohilla (@nilesh_rohilla) June 16, 2025
This development closely follows Circle Internet Financial’s significant listing on the New York Stock Exchange, where it raised $1.05 billion in one of the largest crypto IPOs of the year.
Circle’s public launch has signaled renewed investor enthusiasm for blockchain companies, particularly in light of improving regulatory clarity under the Trump administration and increasing institutional backing for crypto assets.
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Justin Sun’s High-Stakes Move: Going Public, Trump Connections, and $79B Stablecoin Empire
Justin Sun’s ties with the Trump family seem to be strengthening. In May, he participated in a private banquet at Trump National Golf Club in Virginia with 24 other prominent holders of the $TRUMP meme token.
He has also invested $75 million in World Liberty Financial, a Trump-aligned crypto initiative that recently introduced the USD1 stablecoin on the Tron network.
Thank you Tron!!! @justinsuntron @worldlibertyfi #USD1 https://t.co/6CvSaIs04H
— Eric Trump (@EricTrump) June 11, 2025
Following the merger announcement, the price of the TRX token rose approximately 3%, trading around $0.2785, according to CoinGecko.
Source: Cryptonews
Tron currently oversees more than $4.8 billion in total value locked (TVL) and boasts a stablecoin market capitalization of $79 billion, positioning it as the second-largest entity in the global stablecoin market.
TRON is processing $20 BILLION in stable coins DAILY, that’s more volume than Visa!
Justin Sun: “Everyone who matters in crypto is already here” as Dubai dethrones Singapore as the crypto capital
From $5T to $7T projected volume in 2025. The revolution is happening on-chain…— Kate Miller (@KateMillerGems) June 5, 2025
Additionally, Tron’s daily active address count is approaching 3 million, representing its highest figure since May 2023.
The post Breaking: Tron ($TRX) Plans US Public Offering – What This Means for Crypto appeared first on Cryptonews.
