Digital-asset platform Tron plans to go public after U.S. authorities paused an investigation into its billionaire founder Justin Sun, the Financial Times reported.
According to the newspaper, Tron aims to secure a stock-market listing through a reverse merger with Nasdaq-traded SRM Entertainment. The crypto group would inject up to $210 million of its native TRX tokens into the combined company, which is expected to hold the assets on its balance sheet.
If completed, the transaction would make Tron one of the first major blockchain networks to obtain a U.S. listing since regulators increased scrutiny of the industry. The Financial Times did not specify a timetable for the merger.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
