A Justin Sun-linked firm is preparing to go public in the United States, with a reverse merger with Nasdaq-listed SRM Entertainment. The deal also involves Dominari Securities, a New York-based boutique investment bank linked to Donald Trump Jr. and Eric Trump, sons of the 47th US president. New Tron Ventures Copies Strategy’s Corporate Treasury Gameplan Per the announcement made on Monday, the new venture will be called Tron Inc. Once the merger is completed, the new venture will be called Tron Inc. Going forward, Tron Inc. will debut a Tron corporate treasury valued at approximately $210 million. This treasury is designed to hold the Tron blockchain’s native cryptocurrency, TRX. The new firm is adopting an approach similar to Strategy’s corporate crypto acquisition model. Tron founder Justin Sun is now an advisor to the newly formed company. Similarly, Eric Trump is reportedly expected to join the leadership team. Among other plans, the firm will implement a dividend policy once a TRX staking program is successful. Tron as the Future of the World’s Next Generation Financial Infrastructure Regarding the recent development, SRM CEO Rich Miller acknowledged that blockchain technology is gaining wider adoption globally. Next, he spoke of Tron’s position as an industry leader for cross-border settlement in USD-pegged stablecoin. Judging by his statement, SRM perceives Tron as the “future of the world’s next generation financial infrastructure.” Miller went on to name some of Tron’s standout features and achievements. These include more than 310 million international user accounts and average daily transactions Year-to-date (YTD) exceeding $20 billion. He believes that Tron is committed to becoming the protocol of choice for onchain settlement, serving the mass populations worldwide. Justin Sun’s Ties With US First Family On one hand, this deal further underscores the alleged close relations between Sun and the Trump family. Last month, he publicly confirmed that he owns the wallet with the largest amount of Donald Trump’s TRUMP memecoin. The revelation stirred both celebration and scrutiny across the crypto and political landscapes. The revelation was not entirely surprising, seeing that he had secured an invite to an exclusive dinner with the US president and was also awarded the “Trump Golden Torbillon.” Sun equally invested $75 million in the Trump family-backed Decentralized Finance (DeFi) project, World Liberty Financial (WLFI). The post Justin Sun-linked Firm to Go Public With Nasdaq-listed SRM Entertainment appeared first on TheCoinrise.com .
