Decentralized real-world asset protocol Centrifuge has published a proposal allowing CFG token holders to convert their tokens into equity stakes or similar instruments in the underlying entity. The proposal, currently in a 14-day comment period on the governance forum, has no set timeline or formal vote date yet. The CFG token, with a total supply of approximately 675 million after its migration to Ethereum’s EVM architecture, currently serves as the sole governance and value-accruing mechanism for the entire protocol. This conversion would require KYC and AML compliance for participants and could transform CFG from a governance token into an instrument representing a real economic claim on the entity.
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