Justin Sun’s digital asset platform Tron (TRX) is set to go public in the US, according to a Financial Times report on Monday. Tron will go public in a reverse merger with Nasdaq-listed SRM Entertainment in a deal orchestrated by Dominari Securities, a New York-based boutique investment bank with ties to Donald Trump Jr and Eric Trump, according to two people briefed on the matter. As part of the deal, Tron will inject up to $210 million of token assets into the new company.

Tron has been on a steady climb in the last several months, including its native TRX cryptocurrency. Just four months ago, market regulators agreed to pause a fraud investigation into Justin Sun and his Tron platform. According to the Financial Times report, SRM Entertainment will buy and hold the Tron token. This is similar to that of Michael Saylor’s Strategy, which has done the same with Bitcoin (BTC). The public company will reportedly be named Tron Inc., and Eric Trump is expected to take up a role.

Tron Goes Public, Trump Family Continues Pro-Crypto Approach

The move is the latest in a string of pro-crypto decisions involving Donald Trump and his family. After Trump campaigned for a lighter-touch regulatory approach to crypto, the SEC and Justin Sun filed a court motion to pause the regulator’s lawsuit against Sun and Tron in February. Additionally, Sun has strengthened his relationship with the Trump family. In May, Sun and the other 24 top holders of the TRUMP memecoin attended a banquet with the president at the Trump National Golf Club in Virginia.

Furthermore, the Tron Founder has also invested $75 million into World Liberty Financial, a Trump family cryptocurrency company from which the president has derived income of $57 million. Last week, World Liberty issued its first stablecoins, a type of digital dollar, on the Tron blockchain.

Also Read: Tron (TRX) vs. Dogecoin (DOGE): Which Will End 2025 on Top?

Shares in Dominari Holdings Inc. (DOMH) are up 7% since the stock market opened on Monday. The Tron TRX cryptocurrency is also up 3% in the last 24 hours at the time of writing.