Back to News

Tron Seeks to Go Public in the U.S. Via a Reverse Merger

Twitter icon  •  Published hace 15 horas on June 17, 2025  •  Hassan Maishera

Tron is planning to go public in the United States via a reverse merger with Nasdaq-listed SRM Entertainment, with the new venture set to buy and hold TRX coins.

Tron Seeks to Go Public in the U.S. Via a Reverse Merger

TL;DR

  • Justin Sun’s Tron is looking to go public in the United States via a reverse merger.

  • The new venture will buy and hold Tron’s native coin, TRX.

Tron, the blockchain founded by billionaire Justin Sun, is planning to go public in the United States. This is according to a Financial Times report, which added that Tron intends to achieve this via a reverse merger with Nasdaq-listed SRM Entertainment.

Citing sources close to the matter, FT added that the deal is being managed by Dominari Securities, an investment firm with ties to the Trump family.

The new firm will buy and hold Tron's TRX in its balance sheet. Tron will add $210 million worth of tokens into the new firm, the report added. TRX is up 2% in the last 24 hours, making it the top performer among the top 10 cryptocurrencies by market cap.

This latest development comes as an increasing number of cryptocurrency companies are going public in the United States. Stablecoin giant Circle went public earlier this week, with its shares up more than threefold from its IPO price of $31. 

Per the FT report, Eric Trump, son of U.S. President Donald Trump, would take a role in the new firm called Tron Inc. However, Eric denied this in a post on X, saying he had no "public involvement."

Crypto Exchange KuCoin Unveils its $2B Trust Project, CEO Addresses Users
Next article Crypto Exchange KuCoin Unveils its $2B Trust Project, CEO Addresses Users

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Follow us on Google News