Tron Inc., a firm backed by Justin Sun, has filed a shelf statement with the SEC to issue up to $1 billion in mixed securities. The company, formed through a reverse merger and recently rebranded with the Nasdaq ticker TRON, holds over 365 million TRX tokens and aims to invest in various crypto assets.

SEC Commissioner Hester Peirce announced the agency's willingness to collaborate with industry participants on tokenizing assets, acknowledging the complex interactions between tokenized securities and traditional asset forms. The tokenization market, currently valued at $31 billion, is projected to grow to $2 trillion by 2030 as financial institutions increasingly adopt this technology to enhance liquidity and efficiency.