Centrifuge proposes token-to-equity conversion for CFG holders

Centrifuge, the decentralized protocol best known for bringing real-world assets onto blockchain rails, has floated a proposal that would let CFG token holders convert their tokens into equity or equity-like instruments in the underlying entity. The proposal is currently in a 14-day comment period on Centrifuge’s governance forum, seeking community feedback before any formal vote takes place. What Centrifuge is actually proposing CFG token holders would gain the option to convert their tokens into equity stakes, or at least equity-like instruments, in the entity behind Centrifuge. Right now, the proposal sits in the RFC (Request for Comments) phase. There’s no confirmed vote date and no implementation timeline. The 14-day window is purely for gathering community input, after which the Centrifuge governance process would move toward a more formal decision. CFG currently serves as the sole governance and value-accruing token for the entire Centrifuge protocol. Following its migration to Ethereum’s EVM architecture, the total supply sits at approximately 675 million tokens. Earlier governance discussions within the Centrifuge community noted that there is no distinct equity or busines...