TRON will go public in the United States through a "reverse merger" and establish a Strategy-like company in collaboration with Trump's younger son.

BlockBeats reports that on June 16, Tron will go public through a reverse merger with Nasdaq-listed SRM Entertainment. The transaction is being managed by boutique investment bank Dominari Securities, headquartered in New York, which has ties to Donald Trump Jr. and Eric Trump, sons of former U.S. President Donald Trump.

According to one source, the newly formed company will purchase and hold Tron tokens (TRX), mimicking the strategy of MicroStrategy (now known as Strategy). The source further revealed that Eric Trump is expected to take on a role within the new company, which will be named Tron Inc.

As part of the deal, Tron is expected to inject up to $210 million worth of token assets into the new entity. This move highlights the latest instance of the crypto boom sparked by Donald Trump's second term as U.S. President, during which he has shown a favorable attitude toward the crypto industry.

In 2023, the U.S. Securities and Exchange Commission (SEC) accused Justin Sun and his three companies, including Tron, of selling unregistered securities and market manipulation. However, in February of this year, after Trump expressed his desire to adopt "more relaxed regulations" for the crypto industry, the SEC and Justin Sun jointly filed a motion in court seeking to pause the lawsuit in pursuit of a potential settlement.