Justin Sun just rang the opening bell at Nasdaq after completing a reverse merger that put Tron Inc. on the public market under ticker “TRON.” The blockchain founder is throwing around serious money—$310 million in combined investments and treasury funds—while declaring his audacious goal to crack the elite Nasdaq-100 index by 2028. He’s even paused his SEC legal drama and recruited Eric Trump for leadership. Bold moves ahead could reshape how Wall Street views crypto companies.
While most crypto entrepreneurs dream of going public someday, Justin Sun just did it. The Tron blockchain founder bypassed the traditional IPO route entirely, opting for a reverse merger with SRM Entertainment Inc. to land on Nasdaq. Smart move, considering the regulatory headaches that come with standard public offerings in crypto.
The transformation is complete. SRM Entertainment is now Tron Inc., trading under the symbol “TRON” instead of “SRM.” Sun rang the opening bell himself, marking what he calls the dawn of a new cryptocurrency era. Bold words for a guy who just maneuvered some serious SEC trouble.
Speaking of regulatory issues, the timing couldn’t be better. The Securities and Exchange Commission paused its lawsuit against Sun, which originally targeted allegations of market manipulation and securities violations. That legal cloud hanging over the company? Gone, at least for now. Without that obstacle, Tron Inc.’s path to legitimacy looks considerably easier.
Sun isn’t stopping at just getting listed. He’s pumping serious money into this venture. Tron Inc. announced a $100 million equity investment for U.S.-based blockchain operations, plus an additional $210 million treasury strategy. That’s real money backing real ambitions.
The treasury funds aren’t just sitting there looking pretty. They’re designed to support blockchain ecosystem growth and operational scale, underwriting strategic initiatives and market expansion efforts. It’s a dual focus approach, balancing crypto assets with traditional finance integration. The company is also launching educational campaigns to boost awareness about Tron’s blockchain capabilities among mainstream investors. With crypto task force guidance from the SEC, the company aims to maintain regulatory compliance while pushing innovation.
But here’s where it gets interesting. Sun has set his sights on the Nasdaq-100 index by 2028. That’s three years to join the elite ranks of America’s top technology and finance companies. Ambitious doesn’t begin to cover it. Eric Trump is expected to take a leadership role in the new entity, following his father’s crypto-focused campaign messaging.
Sun maintains his influence as strategic advisor to Tron Inc., suggesting he’s not stepping back anytime soon. The company is building robust U.S.-based executive capacity while balancing innovation, compliance, and market expansion.
Getting into the Nasdaq-100 would represent broader acceptance of blockchain firms in mainstream finance. It’s a legitimacy play that could reshape how investors view cryptocurrency companies. Whether Tron Inc. can scale fast enough to meet those criteria remains the million-dollar question.
