Crypto-Billionaire Justin Sun’s Tron Prepares for Public Listing via Reverse Merger

In a significant move set to reshape the landscape of cryptocurrency and traditional finance, crypto billionaire Justin Sun’s blockchain platform Tron is gearing up to go public in the United States. The company is preparing for a public debut through a reverse merger with Nasdaq-listed SRM Entertainment, marking a major milestone in bridging digital assets with mainstream financial markets.

This groundbreaking merger will see SRM Entertainment—a small-scale toy and entertainment company—serve as the public listing shell. Following the merger, the entity will be rebranded as Tron Inc., with the new firm holding approximately $210 million worth of TRX tokens in its treasury.

Key aspects of the transaction involve a $100 million stock sale to private investors, along with the issuance of 220 million warrants. These warrants are exercisable at $0.50 per share, significantly boosting the valuation of the combined entity.

Notably, this ambitious venture has political undertones, having been arranged by Dominari Securities, a boutique firm based out of Trump Tower with connections to the Trump family. Justin Sun has previously displayed strong ties to the Trump-aligned crypto initiatives, such as his substantial $75 million investment in World Liberty Financial.

The merger announcement comes shortly after the U.S. Securities and Exchange Commission (SEC) paused its ongoing investigation into Tron and Sun, a probe initiated in 2023 over allegations of selling unregistered securities and market manipulation of TRX tokens. The recent regulatory pause signals a potential easing of scrutiny, coinciding with a broader shift in regulatory attitudes toward cryptocurrency under the current administration.

The market reacted dramatically to the news, with shares of SRM Entertainment soaring dramatically on initial reports, experiencing gains of over 600% at one point during intraday trading before settling at a significantly elevated level.

This move by Justin Sun and Tron could significantly impact both the cryptocurrency sector and traditional investment markets. Tron Inc.’s entrance to the public market will provide investors with indirect exposure to crypto assets via conventional equities, bridging the gap between traditional finance and digital currency investments.

Looking forward, Tron Inc. will need to navigate regulatory processes, finalize the merger, and clearly establish its long-term strategic vision for utilizing its significant cryptocurrency holdings.