Centrifuge CEO Bhaji Illuminati said the market is becoming more critical about when tokens are actually appropriate. The real-world asset platform is replacing its CFG token with shares of a Cayman Islands entity, following the approval of proposal CP172 with 98% support in September 2026. This move comes after institutional due diligence flagged Centrifuge’s token-governed structure as a risk, costing the company deals. By early 2025, the platform had facilitated over 663 million dollars in financed assets and tokenized 1,585 assets. According to Bloomberg, more than 90% of major-exchange tokens were trading below their listing prices one year after launch.
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