Centrifuge Proposes Converting CFG Tokens into Equity for Eligible Holders

Centrifuge, a decentralized finance protocol focused on real-world asset tokenization, has published a governance proposal that would allow eligible $CFG token holders to convert their holdings into corporate equity in the company. The proposal is open for community feedback and marks a significant potential shift in the relationship between the protocol's native token and its underlying business structure. According to the governance post, $CFG was originally designed under a different business structure than the company operates today, as the protocol has pivoted toward serving institutional clients.