Polymath

For prospective TRUGOLF Links franchisees

Raise Capital for Your Venue From the People Who'll Play There.

Opening a TRUGOLF Links location takes real capital — and today that means your own cheque, a loan, or a handful of partners with paper agreements and spreadsheets.

Tokenization lets you offer compliant fractional ownership in your venue to the members, league players and businesses in your own market.

TRUGOLF Links brings you a franchise system built on 40+ years of golf simulation technology, expanding venue by venue across North America.

Polymath brings the infrastructure that lets your venue be funded, held and transferred as a regulated digital security.

Put together, your location becomes a digitally native ownership vehicle — funded locally, tracked automatically, and tradable where regulation allows.

Venue
Real-world asset
Polymath
Issuance & compliance
Polymesh
Shared ledger
A TRUGOLF Links venue — premium indoor golf simulator bays with lounge seating
A TRUGOLF Links venue — the real-world asset your community can own a stake in.

Why this works for you

You Have the Operating Skill. Your Community Has the Capital.

The hardest part of opening a TRUGOLF Links venue isn't running it — it's funding the build-out. Tokenization widens your funding funnel without changing anything about how the franchise works.

01

Capital Is the Bottleneck

A simulator venue requires real up-front investment in space, bays, hardware and fit-out.

Most prospective franchisees have the operating skill but not the full cheque, and SBA lending only stretches so far.

02

Your Backers Are Already in the Room

Members, league players and local businesses are the most motivated potential backers of a venue in their own market.

For the first time, there's a practical, compliant way to let them own a piece of it — and become your most loyal customers.

03

The Rails Now Exist

Reg D and Reg A offerings can be issued and administered as digital securities today.

Tokenized real-world assets are moving into mainstream markets, and franchise locations are among the most tangible of them.

Illustrative concept only. Nothing here is an offer to sell or a solicitation to buy securities, and nothing on this page is legal, tax or investment advice. Any offering would be conducted under applicable exemptions with qualified counsel and partners.

You Still Run Your Venue. Completely.

Tokenization changes who can own a stake — not who's in charge.

Your franchise agreement, brand standards, your role as operator and your venue all stay exactly where they are.

What changes is the ownership layer sitting underneath your location.

Franchise agreement
Brand standards
Local operator
Day-to-day operations

Unchanged. Still your venue, still your call, still TRUGOLF-branded.

What becomes digital is the cap table, the compliance rules and the distributions.

Same business. Better ownership infrastructure.

How your venue gets funded

From Paper Cap Table to Digital Ownership

Switch between models. Notice how much of your franchise stays exactly where it is.

Prospective Franchisee
Personal Capital, SBA Loan or Local Investors
Single-Location LLC / Paper Operating Agreement
Spreadsheet Cap Table & Manual Distributions
Ownership Locked Up for the Life of the Venue

The franchise model doesn't change. The ownership layer does.

Why Polymesh

A Blockchain Built for Securities

An interest in a franchise location is a security. Polymesh was purpose-built for regulated assets rather than adapted from general-purpose crypto infrastructure.

The Polymesh network — a purpose-built blockchain for regulated assets

Identity

Investors are onboarded with verified identity, so every holder of a location's tokens is a known participant.

Compliance

Accreditation, jurisdiction and holding-period rules are enforced by the protocol at the moment of transfer.

Asset Controls

Ownership caps, lock-ups and transfer restrictions specific to each offering can be encoded per location.

System of Record

One transparent, auditable ledger of who owns what across every venue in the network.

We believe tokenization is where capital markets are headed, and Polymath has spent nearly a decade building the compliant infrastructure institutions need to get there.
BABrenner AdamsDirector, TruGolf Holdings (NASDAQ: TRUG)
We built Polymath to make regulated digital securities practical at scale. A franchise venue is exactly the kind of real-world asset those rails were built for.
NHNatalie HirschCFO & COO, Polymath
Every operator we speak to has the same problem: the community wants in, and there has never been a compliant way to let them in. Now there is.
MMattHead of Business Development, Polymath
$132M+

tokenized assets issued to date

65+

active issuers on the platform

50+

ecosystem partners

Since 2017

building regulated digital securities

Polymath operating metrics as of December 31, 2025.

One vertically integrated stack

TRUGOLF Links

Everything Your Offering Needs, From One Provider

01
Issuance

Polymath Capital Platform — issue and administer regulated assets.

02
Settlement

Polymesh — a Layer-1 blockchain purpose-built for regulated assets.

03
Confidentiality

Private, compliant settlement using zero-knowledge proofs.

04
Treasury & yield

Protocol staking and treasury strategy on the network itself.

What this unlocks for you

Open Your Venue — Then Open the Next One

Fractional Local Ownership

Let your members, league players and community investors take a compliant minority stake in the venue they already play at.

Your Location, Your Offering

Your venue is its own offering with its own economics — and a second location can reuse the same template.

Automated Distributions

Pay profit distributions to every holder from the digital cap table instead of reconciling spreadsheets each quarter.

A Path to Liquidity

Where regulation allows, your investors' interests can move on secondary venues rather than being locked up for the life of the venue — a far easier story to sell.

A Standout Franchise Offer

You'd open with a capital structure no competing indoor golf concept currently offers its franchisees.

A Repeatable Template

Prove it on your first location, then reuse the same issuance and compliance template for every venue you add.

How your venue gets tokenized

Your Venue. Five Steps. A Repeatable Template.

01

Structure the location entity

Your venue is held in its own LLC with counsel-approved offering documents under an appropriate exemption.

02

Define the digital security

Membership interests are represented as tokens on Polymesh, with the offering's rules encoded into the asset.

03

Onboard investors

You, your local investors and members are identity-verified once and can then participate across offerings.

04

Fund and open

Proceeds fund your build-out; the digital cap table reflects every holder from day one, with no spreadsheet drift.

05

Operate and distribute

Distributions, reporting and permitted transfers run off the same shared record for the life of the venue.

Then repeat it in your next market.
Your second location is far cheaper to launch than your first.

The bigger ecosystem

Every Location Plugged Into the Same Network

The value isn't one tokenized venue — it's a franchise network where your locations share one compliance framework, one investor base and one system of record, connected to the broker-dealers, transfer agents and marketplaces around it.

TRUGOLF Links
Franchise Location LLC
Polymath
Polymesh
Franchisees & Operators
Local Investors
Members & League Players
Broker-Dealers
Transfer Agents
Marketplaces / ATSs
Real Estate & Equipment Lenders
Legal & Compliance Partners

Ready to explore?

Start With Your First Location.

If you're considering a TRUGOLF Links franchise and want a smarter way to fund the build-out, we'll walk you through exactly how a tokenized offering would work for your market.

TRUGOLF brings the brand and the system. Polymath brings the issuance, compliance and blockchain infrastructure. You bring the venue.

From there, it becomes a template you can run again and again.

Exploratory conversations welcome. No blockchain experience required.