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TruGolf Acquires Polymath Research to Enter Digital Securities Infrastructure

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TRUG$1.24 −9.19%

TruGolf Holdings Inc. (NASDAQ:TRUG) has acquired Polymath Research Inc., securing ownership of the Layer-1 blockchain Polymesh. The transaction positions the indoor golf technology provider in the market for regulated asset tokenization and digital securities infrastructure. Shares of TruGolf traded down 1.45% at $1.36 following the announcement.

The move expands TruGolf beyond its core business of indoor golf simulators, award-winning video games, and e-sports platforms. By acquiring Polymesh, the company gains specialized infrastructure designed to build regulatory controls, identity verification, and transfer restrictions directly into blockchain ledgers for real-world assets.

TruGolf plans to roll out and test the blockchain framework across its franchise network before expanding its applications. Investors will also monitor Polymath's ongoing exploration with CineCity Studios to build a tokenized film investment platform for its Chicago production facility.

Key points

  • TruGolf Holdings Inc. (NASDAQ:TRUG) acquired Polymath Research Inc. and its Layer-1 blockchain, Polymesh.
  • The acquisition provides compliance and regulatory infrastructure for tokenizing real-world assets on-chain.
  • TruGolf plans to deploy and validate the Polymesh technology within its own franchise network first.
  • Polymath is also exploring a tokenized entertainment financing platform in partnership with CineCity Studios.

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Questions and answers

What company did TruGolf Holdings acquire?

TruGolf Holdings Inc. acquired Polymath Research Inc., gaining ownership of its Layer-1 blockchain platform, Polymesh.

Why did TruGolf acquire Polymath Research?

The acquisition allows TruGolf to enter the digital securities market by offering compliance infrastructure for tokenizing real-world assets.

How does TruGolf plan to use the Polymesh blockchain?

TruGolf intends to test the technology inside its own franchise network first, while exploring external applications in entertainment finance.