Multiple reports from June 16, 2025, indicate that Tron is set to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment. The new entity will reportedly be rebranded as Tron Inc.
Reverse Merger: Instead of a traditional IPO, Tron will merge with an existing publicly traded company, SRM Entertainment.
TRX Treasury Strategy: SRM Entertainment plans to launch a "Tron Treasury Strategy" with a significant equity investment (reportedly up to $210 million) to acquire and hold TRX tokens. This strategy is drawing comparisons to MicroStrategy's Bitcoin holdings.
Justin Sun's Role: Justin Sun will reportedly join SRM Entertainment as an advisor.
Eric Trump's Involvement: There are strong indications that Eric Trump, son of President Donald Trump, is expected to take a leadership role within the newly formed Tron Inc. This connection is highlighted as a significant political tie.
SEC Investigation Pause: The news also mentions that the US Securities and Exchange Commission (SEC) has paused its fraud investigation into Justin Sun and several of his companies, including Tron, clearing a major regulatory hurdle for this move.
This development is seen as a significant step for Tron and the broader cryptocurrency industry, potentially bridging the gap between traditional finance and the crypto world.