The cryptocurrency project Tron$TRX is preparing for listing on Nasdaq four months after the U.S. Securities and Exchange Commission (SEC) suspended the investigation against its founder Justin Sun. This was reported by FT citing its own sources.
According to media reports, Tron will merge with SRM Entertainment through a reverse takeover (RTO) organized by the investment bank Dominari Securities. This structure, journalists claim, is connected to the sons of Donald Trump. The new company called Tron Inc will receive up to $210 million in Tron (TRX) tokens, and Eric Trump may take a leadership position in it, the authors of the material noted.
The financial model of the firm will resemble the strategy of Strategy (formerly MicroStrategy), focused on accumulating digital assets. The merger occurs against the backdrop of Sun's rapprochement with the Trump family, as emphasized by FT.
