TruGolf Links & Polymath increasing access to financing

TruGolf Links, a franchisor of indoor golf simulator experiences, today announced that it will leverage its growing relationship with Polymath Research Inc. to help connect franchisees with additional financing opportunities. Polymath is a Canadian technology company that develops enterprise capital markets infrastructure, allowing participants to create and manage tokenized representations of real-world assets.

TruGolf is currently in the process of acquiring Polymath, with the deal expected to close by the end of the year. With this acquisition and project, the two companies will create one of the world’s first regulated blockchains specifically designed for tokenized securities in public markets. The result will increase access to financing for TruGolf franchisees, who can leverage the program to lease the top-of-the-line simulator equipment that the TrueGolf model is built upon.

“A chronic issue in franchising is financing,” said Dr. Ben Litalien, CFE, Chief Development Officer for TruGolf Links Franchising. “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.

The funding for this plan will come from a tokenized offering on the Polymath platform. This will create a critical bridge for franchisee candidates as they plan for opening a TruGolf Links franchise. We are also in the beginning stages of a plan that will support qualified candidates in developing an offering on the Polymath platform that will provide investors the opportunity to participate in fractional franchise ownership of a TruGolf Links franchise.

While this has been done through traditional methods, it is exciting to bring that process forward into the tokenized marketplace.”

This announcement comes at a time when the popularity of indoor golf is growing rapidly. According to TruGolf Links’ internal data, 67% of all golfers played some or all of their golf using simulators and other indoor facilities last year.

TrueGolf has been an innovator in the indoor golf space since 1983 with the mission of making the game more accessible, approachable, and affordable. Their franchise model is built around their regional developers, who purchase a territory and open a regional flagship location before developing additional units themselves or signing on local franchisees.

As TrueGolf Links continues to expand, the brand is seeking to connect with additional qualified franchise owners as well as potential regional developers.