Tron Prepares Public Listing Via Nasdaq Merger, Holds $210M TRX

Tron (TRX-USD) is preparing to go public through a reverse takeover, merging with Nasdaq-listed SRM Entertainment. This strategic move, handled by Dominari Securities, involves Eric Trump taking a role in the new entity, Tron Inc. The deal aims to transform TRX into a treasury asset, similar to how MicroStrategy holds Bitcoin, by purchasing and holding $210 million worth of TRX. This move is seen as a convergence of crypto, politics, and public markets, with investors viewing it as more than just a rebranding exercise. The new firm's commitment to holding a significant amount of TRX signals long-term conviction and could reduce the circulating supply of TRX, providing a clearer framework for valuing the token.

Eric Trump's involvement adds a political dimension to the move, as Justin Sun has been aligned with the Trump camp for months. The SEC's pause on its civil case against Sun after Trump took office suggests that Sun may have more regulatory breathing room to make bold moves in U.S. markets. This strategy mirrors MicroStrategy's Bitcoin treasury model but is aimed at the retail–Wall Street crossover. If successful, it could spark a wave of token-backed public listings, with other layer-1 tokens like Solana, Avalanche, and even meme coins following suit. The success of this move hinges on Tron Inc.'s ability to manage its treasury well and stay out of regulatory trouble, potentially becoming a new kind of price anchor for TRX.