TruGolf Completes Polymath Acquisition to Expand Into Asset Tokenization

Nasdaq-listed TruGolf Holdings has completed its acquisition of Polymath Research Inc., adding institutional asset tokenization and blockchain infrastructure to its existing golf technology business.

Polymath will operate as a wholly owned subsidiary of TruGolf. The company developed Polymesh, a Layer 1 blockchain designed for regulated assets, and will form a second business line alongside TruGolf’s golf simulators and E6 platform.

As of Dec. 31, 2025, Polymath had issued more than $132 million in tokenized assets for over 65 active issuers and had more than 50 ecosystem partners.

TruGolf also received approximately $2.95 million in net proceeds from the exercise of Series B preferred-stock warrants linked to the transaction. The companies plan to introduce tokenized equipment leasing and fractional franchise ownership projects in the first quarter of 2027.