Tron Goes Public on NASDAQ via SRM Merger, Highlighting Stablecoin Rails, Institutional Access, and Global Payment Growth

Tron is entering the U.S. public market through a $210 million reverse merger with the NASDAQ-listed SRM Entertainment, which will be rebranded as Tron Inc. This move shifts SRM from the toy sector to blockchain, allowing investors direct equity exposure to Tron’s blockchain payment infrastructure—especially its dominant role in global stablecoin transactions. Tron currently handles over 50% of USDT and 30% of total global stablecoin flows, with a strong presence in emerging markets lacking robust banking systems. Unlike Circle, which issues USDC but does not control blockchain infrastructure, Tron both operates and profits directly from on-chain fees. This public listing, likened to Visa’s IPO in payment infrastructure, is designed to give institutional investors and equity holders a stake in global digital payment growth. Additional investment includes $100 million in private equity tied to Tron’s founder Justin Sun. On-chain data confirms that large transactions dominate Tron’s network, underscoring its role as a primary stablecoin payment rail. Although initial TRX price reaction was modest (up 2%), the listing signals enhanced regulatory legitimacy and potentially increased liquidity for TRX. Eric Trump has denied management ties to Tron Inc. Meanwhile, digital asset inflows hit $1.9 billion last week led by BTC and ETH, the US remains the biggest market, and new developments include Hong Kong’s first Solana treasury allocation and rising interest in altcoins like XRP and SUI. For crypto traders, these combined events may increase mainstream adoption, offer new equity investment routes, and drive continued institutional demand.