TruGolf acquires Polymath to enter digital securities market

TruGolf Holdings Inc. (NASDAQ: TRUG), known for its indoor golf simulation products, has completed its acquisition of Polymath Research Inc., gaining ownership of Polymesh, a Layer-1 blockchain designed for regulated digital securities.

According to a statement based on an editorial published by AINewsWire, TruGolf's franchise subsidiary, TruGolf Links Franchising, signed an intercompany agreement with Polymath shortly after the acquisition closed. The agreement covers professional services and moving the TruGolf Links capitalization table onto Polymath's regulated digital securities infrastructure.

Separately, Polymath disclosed it is exploring a tokenized film investment platform alongside CineCity Studios, extending TruGolf's involvement beyond golf into entertainment finance.

Polymesh is a blockchain built to address compliance requirements for asset tokenization, including identity verification, transfer restrictions, and regulatory controls embedded directly into the ledger.

TruGolf was founded in 1983 and is headquartered in the United States. The company's existing products include golf simulation hardware, software, and the E6 Connect e-sports platform.

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