TruGolf Holdings, Inc. (NASDAQ: TRUG), a golf technology company known for its simulators and E6 platform, has completed its acquisition of Polymath Research Inc., a Canadian firm specializing in institutional asset tokenization and developer of Polymesh, a Layer-1 blockchain designed for regulated assets. The deal, announced by TruGolf (NASDAQ: TRUG), creates two complementary revenue streams: TruGolf's established golf simulation and software business and Polymath's blockchain infrastructure.
As of Dec. 31, 2025, Polymath had issued more than $132 million in tokenized assets for more than 65 active issuers, supported by more than 50 ecosystem partners. The companies are also developing tokenized equipment leasing and fractional franchise ownership programs targeted for the first quarter of 2027. Following the acquisition, Polymath will operate as a wholly owned subsidiary while TruGolf continues its golf technology operations.
Leadership changes accompany the transaction. Natalie Hirsch, formerly Polymath's chief financial officer and interim CEO, has been appointed chief financial officer and chief operating officer of TruGolf, while David Hackett has joined its board of directors. In connection with the transaction, TruGolf also received approximately $2.95 million in net proceeds from the exercise of Series B preferred warrants.
This acquisition matters because it diversifies TruGolf beyond the golf industry into the rapidly evolving field of asset tokenization, which could open new markets and revenue opportunities. For investors, the move signals a strategic pivot that leverages blockchain technology to potentially enhance shareholder value. The tokenized equipment leasing and fractional franchise ownership programs, planned for 2027, could democratize access to golf-related investments and create new business models. The full press release is available at https://ibn.fm/WWfpH.
TruGolf, founded in 1983, focuses on innovative indoor golf solutions and aims to make golf more available, approachable, and affordable. Its E6 CONNECT platform connects golfers worldwide. The latest news and updates relating to TRUG are available in the company's newsroom at https://ibn.fm/TRUG.
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