Canadian tokenisation technology company Polymath is going public via a reverse acquisition with TruGolf Holdings. Focused on token issuance, compliance and lifecycle management of digital assets, Polymath recently acquired the Polymesh Layer-1 blockchain. Polymesh is built specifically for regulated assets, embedding compliance, identity verification and governance into the base layer.
Trugolf is a sports simulation business, which will continue its original focus within the combined Nasdaq-listed company. In exchange for acquiring Polymath, it will provide common and preferred stock to Polymath shareholders.
Polymath is involved in tokenisation across many asset classes, including real estate, private equity, debt, intellectual property and art. The company reported $4.2 million in revenue for 2025 and assets totaling $21 million. Polymath CFO Natalie Hirsch will serve as CFO and COO of the combined company after the closing.
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