The Tron cryptocurrency project is preparing for listing on the NASDAQ Stock Exchange Four months after the US Securities and Exchange Commission (SEC) has stopped an investigation against its founder Justin Sana. This was reported in FT with reference to their own sources.
According to media reports, Tron will unite with the SRM Entertainment through reverse merger (RTO), organized by the Dominari Securities investment bank. This structure, according to journalists, is associated with the sons of Donald Trump. A new company called Tron Inc will receive up to $ 210 million in Tron (TRX) tokens, and Eric Trump can take a leading position in it, the authors of the material indicated.
The financial model of the company will resemble the Strategy strategy (previously Microstrategy), focused on the accumulation of digital assets. The merger occurs against the backdrop of the rapprochement of San with the Trump family, emphasized in FT.
Earlier, the entrepreneur invested $ 75 million in the World Liberty Financial project, where Trump earned $ 57 million. He was also present at a reception in his golf club. In addition, the World Liberty released the USD1 stablecoin on the Tron blockchain, the media noted.
In 2023, SEC accused Sana and his company of violations of the law on securities and market manipulations. However, in February 2025, the parties filed a joint petition for the suspension of the case, which opened the way to negotiations. The change of approach to regulation at the second period of Trump led to the refusal of the agency to persecute many industry players, experts noted.
The market positively reacted to the news, since SRM Entertainment shares jumped by 269%, according to TradeingView. Against the background of reports on the merger and growth of quotations, the company’s market capitalization increased to $ 25 million.
Dominari Securities, whose headquarters are located in Trump Tower, continues to strengthen its ties with the environment of the US president, write in FT. In addition, among the company’s customers are projects of entrepreneur Ilona Mask, including SpaceX and XII. This indicates a bank rate for technological firms, experts emphasized.
At the same time, Tron cryptocurrency reacted to the news about the merger of insignificant growth. The asset showed an increase in price by 1.6%, and TRON’s monthly increase in price was 2.5%. In the course of preparing the material, the asset rate is at $ 0.278, according to TradingView.
Justin San himself, the Tron team and representatives of the SRM Entertainment at the time of publication of the news did not comment on the preparation for RTO.
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Source: Cryptocurrency
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