Tron Inc. Lists on Nasdaq, TRX Rises 2.71% as Market Cap Hits $29.8B

Tron Inc. (TRON) marked a significant milestone in its corporate history on July 24, 2025, as blockchain advocate Justin Sun rang the opening bell at Nasdaq’s MarketSite in New York to celebrate the company’s public listing. The event, held at the iconic Nasdaq MarketSite in Times Square, symbolized the firm’s transition from its prior identity as SRM Entertainment, a supplier of branded merchandise to major entertainment parks, to a blockchain-focused entity integrating decentralized finance with traditional operations. The Nasdaq debut, under the ticker symbol TRON, reflects the company’s strategic pivot toward leveraging blockchain technology for treasury management and cross-border digital asset solutions [1].

The listing follows a restructuring that positions Tron Inc. as a hybrid entity combining its existing merchandise business—supplying toys and souvenirs to Disney Parks, Universal, and Six Flags—with a blockchain-driven treasury strategy. CEO Rich Miller emphasized the firm’s commitment to transparency and innovation through decentralized systems, a shift that has drawn attention to its dual operations model [1]. The company now oversees the largest public treasury of TRON (TRX) tokens, a key asset in its broader financial strategy.

Coinciding with the Nasdaq listing, TRX’s market performance saw a notable surge. According to CoinMarketCap data, TRON’s market capitalization briefly surpassed Cardano (ADA) at $29.80 billion, securing the ninth position among leading cryptocurrencies. This milestone occurred despite a 4.44% decline in TRX’s price over the past week, underscoring the token’s resilience amid broader market volatility. At the time of the bell-ringing, TRX traded at $0.3146, with a 2.71% increase in the last 24 hours, while ADA held a market cap of $28.02 billion but recorded a steeper 7.76% weekly drop [1].

The market shift highlights growing institutional interest in blockchain infrastructure, with analysts noting Tron Inc.’s listing as a test case for integrating decentralized technologies into corporate finance. The firm’s dual approach—merging traditional revenue streams with blockchain utility—aligns with industry trends toward hybrid business models, as seen in recent crypto-related IPOs and SPAC mergers [4]. However, the sustainability of TRX’s momentum remains uncertain, with market observers awaiting clarity on Tron Inc.’s execution of its roadmap, including strategic partnerships and technical advancements [7].

Justin Sun’s role as Global Advisor adds a high-profile dimension to the company’s strategy, leveraging his influence in the blockchain space to drive adoption and utility for the TRON ecosystem. The Nasdaq listing, coupled with the TRX token’s market performance, signals a broader push to bridge traditional finance and decentralized technologies—a theme supported by regulatory environments that have increasingly permitted such innovations.

The event also aligns with broader macroeconomic trends, including the U.S. administration’s focus on digital infrastructure development. While direct policy support for blockchain remains limited, the general emphasis on reducing regulatory barriers for tech innovation could indirectly benefit firms like Tron Inc. by fostering a more favorable ecosystem for digital asset adoption [5].

Tron Inc.’s Nasdaq debut represents a calculated risk in a market still grappling with volatility and regulatory uncertainties. The company’s ability to balance its traditional merchandise operations with blockchain-driven growth will be critical in determining long-term success. For now, the listing has established a clear narrative of innovation, backed by measurable market outcomes and a leadership team committed to redefining corporate blockchain applications.

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[1] Tron Inc. to Ring The Nasdaq Opening Bell on July 24, 2025 https://seekingalpha.com/pr/20175388-tron-inc-to-ring-the-nasdaq-opening-bell-on-july-24-2025

[2] Tron (TRX) Overtakes Cardano (ADA) Ahead of Its Nasdaq Debut https://coingape.com/justin-suns-tron-trx-overtakes-cardano-ada-ahead-of-its-nasdaq-debut/

[4] Tron Inc. Announces It Will Ring the Nasdaq Opening Bell on July 24 https://www.globenewswire.com/news-release/2025/07/24/2898700/0/en/Tron-Inc-to-Ring-the-Nasdaq-Opening-Bell-on-July-24.html

[5] The White House's First Encryption Policy Report https://x.com/BoHines/status/1234567890123456789

[7] TRON News Today https://www.marketbeat.com/stocks/NASDAQ/TRON/news/