TruGolf Completes Acquisition of Polymath Research, Bringing a Blockchain Purpose-Built for Regulated Assets to Nasdaq
Key Highlights
- ➤TruGolf (TRUG) completes acquisition of Polymath Research, adding regulated-asset blockchain infrastructure
- ➤Polymath had issued more than $132 million in tokenized assets for 65-plus active issuers
- ➤TruGolf names Natalie Hirsch CFO and COO; David Hackett joins the board
- ➤Warrant exercise generates $2.95 million in net proceeds for TruGolf
- ➤Equipment leasing and fractional franchise tokenization targeted for first quarter of 2027
Expert Statements
Brenner Adams, Interim CEO and Chairman of the Board of TruGolf
“TruGolf was built on the idea that technology can open up something that used to feel exclusive. We did it for golf, and Polymath is doing it for capital markets. Polymath's team has been building regulated tokenization infrastructure for many years, and today that work sits inside a Nasdaq-listed company with the transparency and accountability that comes with it. We're proud to give this team a public-market platform at a moment when institutions are finally ready to move.”
Natalie Hirsch, Chief Financial Officer and Chief Operating Officer of TruGolf and Interim CEO & CFO of Polymath
“Tokenization is moving out of the pilot stage, and the institutions leading that shift need infrastructure they can trust with regulated assets. That is what Polymath has spent the past nine years building, and it is why Polymesh was designed with compliance at the protocol level. Joining a Nasdaq-listed company gives us the capital access and public-market discipline to scale with our clients. My focus now is execution: bringing more issuers and more assets onto Polymesh.”
Polymath, creator of the Polymesh Layer-1 blockchain, becomes part of Nasdaq-listed TruGolf (NASDAQ: TRUG). Natalie Hirsch is named CFO and COO, and a $2.95 million warrant exercise strengthens the company's cash position.
Salt Lake City, Utah, Oct. 09, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (“TruGolf”) (NASDAQ: TRUG) closed its acquisition (the “Transaction”) of Polymath Research Inc. ("Polymath"), the Canadian company that was involved in the creation of the security token category and built Polymesh, a Layer-1 blockchain designed from the ground up for regulated assets. The Transaction brings a team experienced in institutional tokenization into a Nasdaq-listed company as banks, asset managers and issuers increasingly explore blockchain-based applications for real-world assets.
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