TruGolf Holdings (NASDAQ: TRUG) Completes Acquisition of Polymath Research, Expanding into Institutional Asset Tokenization

TruGolf Holdings has finalized its acquisition of Polymath Research Inc., a Canadian firm recognized for developing the Polymesh Layer-1 blockchain specifically engineered for regulated assets. This strategic move integrates Polymath’s institutional tokenization infrastructure with TruGolf’s existing golf simulation and software business. As of December 31, 2025, Polymath reported over $132 million in issued tokenized assets across more than 65 active issuers and 50 ecosystem partners. The combined entity plans to launch tokenized equipment leasing and fractional franchise ownership programs by the first quarter of 2027. Polymath will function as a wholly owned subsidiary, while former Polymath executive Natalie Hirsch assumes the roles of CFO and COO at TruGolf. Additionally, TruGolf secured approximately $2.95 million in net proceeds from the exercise of Series B preferred warrants to support its operations. This acquisition highlights a growing trend of traditional technology companies diversifying into blockchain-based financial infrastructure to unlock new revenue streams. The integration of Polymesh’s regulatory-compliant architecture into a public company structure marks a significant step in the mainstream adoption of institutional-grade tokenization.