According to the report, Dominari Securities, a boutique investment firm based in New York, is arranging the transaction.
The investment will fund a new TRX Treasury Strategy, backed by warrants that could raise the deal’s total value to $210 million.
Justin Sun has also been appointed as an advisor to SRM Entertainment. Dominari Securities is serving as the exclusive placement agent for the offering.
SRM plans to use the funds to acquire and stake TRX tokens, positioning itself for long-term returns in the digital asset space. Following the successful rollout of its staking program, the company reportedly also intends to introduce a dividend policy.
Sun said:
“Stablecoins and blockchain are revolutionizing global payments, enabling faster, cheaper, and more transparent transactions. With over 310 million international user accounts and average daily transactions YTD exceeding $20 billion, TRON strives to be the protocol of choice for onchain settlement serving the mass populations worldwide.”
Following the news, Tron’s native token TRX surged nearly 7%, trading at $0.2841 at press time.
