
Centrifuge has passed a governance proposal (CP172) to restructure its foundation into a Cayman Islands exempted company, allowing CFG token holders to convert their tokens into tokenized equity shares on a 1:1 basis. This voluntary conversion offers larger holders direct shareholder registration, while smaller holders convert via a trust structure. The move aims to reduce token volatility, improve governance participation, and enable traditional capital raising. The restructuring still requires regulatory approval before completion, marking a significant step in bridging crypto tokens with traditional equity ownership.