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      Centrifuge Receives Approval for Historic Token to Equity Conversion

      Centrifuge has announced the approval of governance proposal CP172, marking a significant milestone as it prepares to convert its tokens into tokenized equity for the first time. This initiative will allow eligible holders of the CFG token to exchange their tokens for shares in the newly formed Centrifuge, Inc., which will be registered as a Cayman Islands exempt limited liability company.

      Under the new structure, each CFG token can be converted into one share of tokenized equity without incurring additional fees. Holders with 100,000 CFG or more will be directly registered as shareholders, while those with fewer tokens will participate through a trust arrangement facilitated by CoinList. The conversion process is voluntary, allowing non-participating holders to retain or sell their tokens on the open market.

      Centrifuge aims to ensure market liquidity throughout the conversion period. The legal framework for this restructuring is being developed with guidance from Ogier, alongside advisory support from Galaxy Digital Labs LLC and The Tokenized Asset Coalition.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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