Tron Inc. debuted on Nasdaq under the ticker TRON, led by Global Advisor Justin Sun.
The company combines blockchain treasury strategies with merchandise operations for major entertainment brands.
TRON overtook Cardano with a $29.80 billion market cap despite a 4.44% weekly decline.
Tron Inc. entered Wall Street on Thursday with a Nasdaq debut led by its Global Advisor, Justin Sun. The event took place at the Nasdaq MarketSite in Times Square, where Sun rang the opening bell to mark the company’s official public listing.
https://twitter.com/NasdaqExchange/status/1948396242083475658 Shift Toward Blockchain and Digital Asset Management
Previously known as SRM Entertainment, Tron Inc. has adopted a new business model that combines blockchain finance with consumer product distribution. The company retains its core merchandise operations, which include supplying custom toys and souvenirs to Disney Parks, Universal, SeaWorld, and Six Flags.
Alongside this, Tron Inc. now manages the largest public treasury of TRON (TRX) tokens, positioning itself within the corporate blockchain sector. Under CEO Rich Miller, the company has shifted its strategy to use blockchain for treasury and operational transparency.
Leadership Transition and Strategic Realignment
With Justin Sun serving as Global Advisor, the company is expanding its focus on blockchain-based applications tied to real-world industries. The firm aims to enhance how public companies manage cross-border payments and digital assets while maintaining consumer product lines tied to global entertainment brands.
The leadership team has steered Tron Inc. toward adopting a dual approach anchored in blockchain finance and entertainment merchandise. This model offers a mix of traditional revenue and blockchain utility under one publicly traded entity. The company's decision to go public through Nasdaq, trading under the ticker symbol TRON, marks a rare hybrid approach.
The listing reflects a trend where blockchain infrastructure is being tested within conventional business operations. Market participants are now tracking whether Tron Inc.’s blockchain and merchandise integration model can attract fresh capital in the public markets. The move may also prompt other firms to explore combining traditional sectors with decentralized asset management.
TRON Surpasses Cardano in Market Ranking
In another market development related to the ringing of the bell, TRON (TRX) has overtaken Cardano (ADA) in market capitalization, securing the ninth position among leading cryptocurrencies. TRON now has a market cap of $29.80 billion, exceeding Cardano’s $28.02 billion. This shift comes despite TRON recording a 4.44% decline over the past seven days.
Source: CoinMarketCap
At the time of press, CoinMarketCap data reveals that TRON is currently priced at $0.3146, with a 2.71% gain in the last 24 hours. The asset recorded a 0.49% dip within the past hour. It has a circulating supply of 94.73 billion TRX, supported by a daily trading volume of $1.62 billion.
Cardano is priced at $0.7913 and registered a 0.54% rise in the last 24 hours. However, it dropped 7.76% over the past week. Cardano holds a smaller supply of 35.4 billion ADA, with a higher 24-hour trading volume of $1.88 billion. TRON’s market cap confirms its lead over Cardano.
