UPDATED: 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 tokenization infrastructure.
- ➤Polymath had issued more than $132 million in tokenized assets for over 65 active issuers.
- ➤TruGolf appoints Natalie Hirsch as CFO and COO; David Hackett joins the board.
- ➤Series B warrant exercise generates $2.95 million in net proceeds for TruGolf.
- ➤TruGolf Links and Polymath target tokenized equipment leasing and fractional franchises in Q1 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 of TruGolf and Interim CEO 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.”
Trevor Koverko, Co-Founder of Polymath
“Polymath was among the early pioneers of the tokenized securities market in 2018, and it is exciting to see the rapid growth of real world asset tokenization today. Polymath invested early in building a purpose built blockchain and a platform for issuing and managing tokenized assets to act as infrastructure for future industry growth. It’s been an exciting journey, but we are still early on the road to tokenizing global stocks, bonds and real estate with the mission to make capital markets more accessible to businesses and investors around the world.”
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.
Get started
Create a free account to read the full story.