Centrifuge Governance Approves CP172 Proposal to Convert CFG to Tokenized Equity

RWA protocol Centrifuge has passed governance proposal CP172, marking the first instance of token-to-tokenized-equity conversion. The Centrifuge Network Foundation plans to restructure into a Cayman Islands-exempt company, Centrifuge, Inc., to issue equity. Eligible CFG holders can exchange 1 CFG for 1 share of tokenized equity via the Centrifuge platform. Holders with 100,000 CFG or more will be registered as direct shareholders, while those with smaller holdings will participate through a trust structure in partnership with CoinList.