- Tron is preparing to go public in the U.S. through a reverse merger with SRM Entertainment, a Nasdaq-listed company set to rebrand as Tron Inc., with Justin Sun joining as an advisor.
- At the same time, TRON’s DeFi ecosystem has reached $5.5 billion in total value locked, now secured by Chainlink Data Feeds to enhance reliability and scalability.
Justin’ Sun’s Tron is bracing itself for U.S public markets through a merger with SRM Entertainment. Notably this Nasdaq-listed company is widely known for producing licensed merchendaise for major theme parks like Disney, Universal Studios, and SeaWorld.
Additionally, this move is also a significant shift for SRM, which will rebrand as Tron Inc. and integrate blockchain at the backbone of its business.
Approaching this with utmost gravity, SRM announced that it would raise $100 million from a private investor to purchase TRON tokens. The transaction, valued at up to $210 million, includes issuing preferred shares and warrants. Justin Sun will join the newly branded Tron Inc. as an advisor.
Post the glad tidings, SRM shares saw a sharp increase of 460%, bringing its market capitalization to around a whooping $140 million.
For Tron’s native token, TRX didnt quite flinch as the asset is trading with $0.2770, shy of a 2% surge and a $26.27B.
Sun’s Rehabilitation and Trump Ties
The IPO comes amid Sun’s efforts to rehabilitate his image following civil fraud charges filed by the SEC. With President Donald Trump’s second term underway, Sun has seen a reversal of fortune, including a possible settlement with the SEC and growing ties to the Trump family.
He has invested nearly $100 million into Trump-linked tokens, including winning a meme token contest issued by the Trump family’s crypto initiative, World Liberty Financial.
The SRM deal was facilitated by Dominari Securities, a boutique investment bank whose parent company boasts ties to the Trump family. Donald Trump Jr. and Eric Trump recently joined its advisory board, highlighting the political undertones surrounding the merger.
As Tron Inc., the company plans to follow a crypto-native corporate strategy, including staking TRON tokens, distributing dividends in digital assets, and building shareholder value—mirroring the approach taken by MicroStrategy under Michael Saylor.
Chainlink Enhances TRON’s $5.5 Billion DeFi Ecosystem
Meanwhile, TRON’s core ecosystem continues to expand rapidly. The network’s decentralized finance (DeFi) total value locked (TVL) has reached an impressive $5.5 billion.
This milestone is now secured by Chainlink, after TRON DAO officially adopted Chainlink Data Feeds as its exclusive oracle solution. The move replaces WINkLink and enhances the security and reliability of TRON’s DeFi applications, such as JustLend, JustStable, and USDD.
By integrating Chainlink Data Feeds, TRON DAO is strengthening its DeFi ecosystem with a secure and reliable infrastructure,
said Sam Elfarra, a spokesperson for TRON DAO.
This transition empowers developers to build more scalable and resilient DeFi applications.
Chainlink Labs’ Thodoris Karakostas called the partnership a “major milestone” for TRON, especially with over $5.5 billion in DeFi assets now secured by Chainlink oracles.
With over 306 million user accounts, 10 billion total transactions, and more than $23 billion in total value locked across its network, TRON is positioning itself not just as a blockchain powerhouse, but now, a publicly traded one as well.