TruGolf Acquires Polymath Research to Enter Asset Tokenization

TruGolf Holdings (TRUG) has completed the acquisition of Canadian asset tokenization company Polymath Research Inc. Polymath focuses on institutional-grade asset tokenization and has developed the regulated asset-focused Layer 1 blockchain, Polymesh. Following the acquisition, Polymath will operate as a wholly-owned subsidiary of TruGolf, which will continue to retain its existing businesses, including golf simulators and the E6 platform, forming two business lines: golf technology and blockchain infrastructure. By December 31, 2025, Polymath has issued tokenized assets worth over $132 million for more than 65 active issuers and has over 50 ecosystem partners. The two parties plan to launch a device leasing tokenization and franchise fractional ownership project in the first quarter of 2027. Additionally, TruGolf has obtained approximately $2.95 million in net proceeds from the exercise of Series B preferred stock warrants related to this transaction.

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