TruGolf Holdings Completes Acquisition of Polymath Research, Enters Institutional-Grade Asset Tokenization Business

Odaily News: Nasdaq-listed company TruGolf Holdings has announced the completion of its acquisition of Canadian asset tokenization firm Polymath Research Inc. Polymath Research Inc. focuses on institutional-grade asset tokenization and is responsible for developing Polymesh, a Layer 1 blockchain designed for regulated assets. Following the completion of the acquisition, Polymath Research Inc. will operate as a wholly-owned subsidiary of TruGolf Holdings. TruGolf Holdings will continue its existing businesses, including golf simulators and the E6 platform, forming two business lines: golf technology and blockchain infrastructure. As of December 31, 2025, Polymath Research Inc. had issued over $132 million in tokenized assets for more than 65 active issuers and had over 50 ecosystem partners. The two parties plan to launch equipment leasing tokenization and franchise fractional ownership projects in the first quarter of 2027. In addition, TruGolf Holdings received approximately $2.95 million in net proceeds from the exercise of Series B preferred stock warrants related to this transaction.