Tron to Go Public via SRM Reverse Merger
Traduction faite par Deepl pro
Date: June 16, 2025
Sources: Financial Times, Reuters, Barronâs, WSJ, CoinDesk
đ Key Deal Details
Structure: Tron will go public in the U.S. through a reverse merger with Nasdaq-listed pivot firm SRM Entertainment. Post-merger, the combined entity will be called Tron Inc.binance.com+15ft.com+15cryptorank.io+15.
Capital Injection: Up to $210 million, including $100 million from private investors to purchase TRX tokens, mirroring the treasury-backed strategy of MicroStrategy axios.com+9ft.com+9fxleaders.com+9.
đ„ Trump Family & Political Ties
Dominari Securities â a Trump Towerâbased boutique bank connected to Donald Trump Jr. and Eric Trump â arranged the merger coindesk.com+9ft.com+9fxleaders.com+9.
Eric Trump was rumored to join the board of Tron Inc., but he has publicly denied taking any "public involvement" role cryptorank.io+4ft.com+4coindesk.com+4.
âïž Regulatory & Strategic Context
The U.S. SEC paused its previous fraud probe into Justin Sun and Tron after Trumpâs administration signaled a lighter regulatory approach dimsumdaily.hk+15ft.com+15wsj.com+15.
The move positions Tron similarly to other public crypto-focused companies like MicroStrategy and Circle, aiming for treasury-backed token holdings breakingthenews.net+11wsj.com+11mexc.com+11.
đ Market Reaction & Implications
SRM stock skyrocketed, surging over 500â650% following the news reuters.com+3wsj.com+3axios.com+3.
Tron Inc.âs expected strategy: hold TRX tokens in its treasury, possibly pay dividends in crypto, and offer investors indirect exposure to Tronâs blockchain growth mexc.com+2linkedin.com+2fxleaders.com+2.
đ Why It Matters
| Factor | Significance |
|---|---|
| Regulatory Climate | SEC pause under Trump signals softer approach toward crypto enforcement. |
| Political-Pro-Crypto | Trump family ties may lower political and regulatory hurdles for Tron. |
| Institutional Trend | More crypto platforms are going public via transaction business models. |
| Investor Access | Enables traditional investors to gain exposure to TRX through public markets. |
