Justin Sun takes crypto company public — reportedly with help from Eric Trump

Last year, Justin Sun was facing a national probe into his crypto empire, to the constituent that helium avoided entering the US. Now, his institution is going to beryllium publically listed connected the American banal markets – and reportedly with the assistance of Eric Trump.

Tron, Sun’s integer assets platform, announced connected Monday that it plans to spell nationalist successful the U.S. via a reverse merger with SRM Entertainment, a Nasdaq-listed institution that antecedently designed merchandise for taxable parks earlier pivoting to crypto. At the aforesaid time, Trump’s sons announced the motorboat of Trump Mobile, an MVNO that volition besides merchantability a $499 golden Android phone. 

On the company’s site, SRM states that it has worked with Walt Disney World, SeaWorld, and Sesame Place. SRM says it has raised $100 cardinal from a backstage capitalist to bargain the Tron tokens (TRX), with plans to contented shares and warrants valuing the woody astatine up to $210 million.

The woody was brokered by Dominari Securities, a New York-based boutique concern slope operating retired of Trump Tower, whose committee includes some Donald Trump Jr. and Eric Trump, the president’s sons. Shortly aft Trump’s election, Sun became an advisor and capitalist successful World Liberty Financial, the Trump family’s crypto company, and promptly bought $75 cardinal of their memecoin, $TRUMP, erstwhile the token launched successful January. 

By the extremity of February, the SEC had officially paused its probe into Sun’s businesses. Sun continued to put successful Trumpworld entities, some successful crypto and elsewhere: successful May, helium won a backstage meal with the president by buying $16 cardinal worthy of $TRUMP successful a contest.

According to an unnamed root cited by the Financial Times, Eric Trump, who oversees the Trump Organization’s backstage assemblage holdings, is expected to instrumentality a presumption astatine the company, which volition beryllium renamed Tron, Inc.