Tron Inc. (TRON), formerly SRM Entertainment Inc., is a Nevada-incorporated company that operates two distinct business lines: a blockchain treasury strategy centered on holding TRX tokens, and a custom merchandise manufacturing business serving major theme park operators. The company describes itself as the public company with the largest TRON (TRX) token holdings as of the filing date. Revenue from the merchandise segment totaled $4,740,551 for the year ended December 31, 2025, compared to $4,311,382 for the year ended December 31, 2024. Products are designed and developed through wholly owned subsidiary SRM Entertainment Limited, incorporated in Hong Kong in 1981 and acquired in August 2023. The company uses third-party manufacturers and does not hold long-term contracts with them. Tron Inc. was incorporated on April 22, 2022.

Revenue model

Transactional product sales of custom toys and souvenirs to theme park operators, generating $4,740,551 in revenue for the year ended December 31, 2025. The blockchain treasury segment holds TRX digital assets staked on the TRON blockchain; the filing does not disclose separate revenue or yield figures for this segment.

Products and services

Custom-designed toys and souvenirs based on entertainment franchises featured in movies and books, sold to theme park operators. The company also holds TRX (TRON blockchain) digital assets as a treasury strategy, with assets staked on the TRON blockchain as of December 31, 2025.

Customers and end markets

Theme park operators including Walt Disney Parks and Resorts, Universal Parks and Destinations, United Parks and Resorts (SeaWorld), and Six Flags. The filing notes that orders from the largest theme park customer were down in 2025 due to a major expansion at an Orlando facility, and that retailer caution during an election year also reduced orders.

Value-chain role

Product design, development, and brand licensing intermediary. Manufacturing is fully outsourced to third-party factories with no long-term contracts. The company distributes finished merchandise directly to theme park and entertainment venue retail channels worldwide.

Geographic exposure

Products distributed worldwide at theme park locations. SRM Entertainment Limited subsidiary is incorporated in Hong Kong. The company has no operations in Mainland China as of the filing date. Incorporated in Nevada, United States.

Source: SEC 10-K, filed 2026-03-25

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