Centrifuge's proposal CP172 to allow eligible holders to exchange their CFG tokens for company shares passed with 98.53% support. This restructuring aims to replace the public token model with shares as the primary way for holders to gain company value, addressing regulatory and liquidity challenges. The conversion ratio is one share per token, with shares tokenized and subject to KYC and investor accreditation rules. The timing for the subscription window and final approvals are still pending, and shares will likely remain illiquid initially.
Eligible Centrifuge Token (CFG) holders backed a share proposal with 98.53% support. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 16, 2026 03:22 WIB: out of 50 priced major cryptocurrencies, 34 rose and 15 fell today. Notable price changes include SXP at Rp37 with a 1-day change of -46.27% and typical hold time of 94 days, BAT at Rp3.856 with a 27.47% increase and 87% sell order activity, and BAL at Rp16.297 with an 11.14% increase and typical hold time of 85 days.
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