TruGolf Links and Polymath Take On Franchising's Capital Problem
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TruGolf Links Franchising, owned by TruGolf Holdings, Inc. (Nasdaq: TRUG), announced two new initiatives with Polymath today. Both address the same obstacle: getting qualified franchise candidates the capital they need to open and grow a TruGolf Links location.
Ask anyone who develops franchises what slows growth, and financing comes up quickly. A strong local operator can have the market knowledge, the site, and the drive to build, and still stall on funding. For TruGolf Links, a large share of what a new location needs is equipment: the simulators, software, and technology that make up the experience.
Dr. Ben Litalien, CFE, Chief Development Officer for TruGolf Links Franchising, put it plainly:
"A chronic issue in franchising is financing. Given Polymath's unique platform and technology, we are working on providing an equipment leasing plan for qualified franchise candidates to access the full suite of products from TruGolf."
Initiative one: equipment leasing, funded through a tokenized offering
The first initiative is an equipment leasing plan for qualified franchise candidates, giving them access to TruGolf's full product suite. The plan will be funded through a tokenized offering on the Polymath platform.
In Dr. Litalien's words, this "will create a critical bridge for franchisee candidates as they plan to open a TruGolf Links franchise."
Initiative two: fractional franchise ownership
The second initiative is at an earlier stage. TruGolf Links is beginning work on a plan to support qualified candidates in developing an offering on the Polymath platform that would let investors participate in fractional ownership of a TruGolf Links franchise.
Fractional ownership of franchises has been done before through traditional methods. As Dr. Litalien noted, "it is exciting to bring that process forward into the tokenized marketplace."
Why this runs on Polymath
Polymath builds capital markets infrastructure for the issuance, compliance, and lifecycle management of regulated digital securities and other tokenized financial instruments. That covers the parts of an offering that take the most work to get right: investor onboarding, regulatory controls, and administration after issuance.
Matt Andelman, our Head of Business Development, sees the initiatives as a direct line from that infrastructure to real operators:
"This is an amazing development for TruGolf Links to proactively provide support to its qualified franchise candidates, bridging the financial gap of ownership and market development. Our platform and expertise bring the financial marketplace within reach to a franchisee, especially those who want to be Regional Developers and build out a market with TruGolf Links."
That last point matters. TruGolf Links offers both individual franchises and Regional Developer opportunities, where operators acquire exclusive territories, open a flagship location, and develop additional units. Building out a whole market takes more capital than opening a single site, so access to a broader financial marketplace can make the biggest difference.
The bigger picture
On August 18, TruGolf announced its acquisition of Polymath. The transaction is scheduled to close in the third quarter of 2026, subject to customary closing conditions, and will bring one of the first regulated, purpose-built blockchains for tokenized securities to the public markets.
These two initiatives are an early look at what the combination can do in practice: a Nasdaq-listed operating business applying tokenization infrastructure to a concrete need inside its own franchise network.
What's next
The TruGolf and Polymath teams expect to have both initiatives in place by the first quarter of 2027. We'll share more as the programs take shape.
For franchise opportunities, visit trugolflinks.com/franchising.
This post does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any securities described have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent an exemption from registration. This post contains forward-looking statements, including statements about the timing and completion of the TruGolf acquisition of Polymath and the development and timing of the initiatives described. Actual results may differ materially. See TruGolf's filings with the SEC for risk factors.


















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