Centrifuge releases governance proposal: exploring the conversion of CFG tokens into equity

Centrifuge released governance proposal CP172 on August 18, exploring the feasibility of converting CFG tokens into company equity. The proposal states that Centrifuge's current business has shifted towards institutional infrastructure, and the original token structure restricts partner expansion and capital raising. It proposes to offer eligible CFG holders the option to convert their tokens into equity.

The core details of the proposal include: 1 CFG can be exchanged for 1 share of Centrifuge Inc. equity, which will be recorded in a tokenized form; qualified holders with more than 100,000 CFG can directly enter the shareholder register, while holders below this threshold are proposed to participate through CoinList's trust structure, with no additional fees or minimum requirements; holders who do not participate in the conversion can continue to hold or sell their tokens, and the team, community, and partners will receive the same class of shares. The proposal is currently in the Request for Comments (RFC) stage for 14 days and will proceed only after board approval and governance voting.

It is reported that Centrifuge is an open decentralized infrastructure for on-chain asset management and real-world asset (RWA) tokenization. The platform enables asset management companies to tokenize institutional-grade assets (such as credit, real estate, and government bonds) into freely transferable tokens for use in the DeFi ecosystem. Its core components include a compliant asset origination framework, Anemoy (a full-service fund architecture asset management division), and index proof (PoI) infrastructure for tokenizing structured financial products (such as S&P 500 index funds).