Eligible Centrifuge Token (CFG) Holders Back Share Proposal Pending Approvals
Photo: TokenPost
CP172, Centrifuge's proposal to let eligible holders surrender the Centrifuge token (CFG) for company shares, passed a governance vote, advancing a restructuring that remains subject to approvals and legal analysis. The proposal received 98.53% support, 1.33% opposition and 0.14% abstentions. Voting ran from Sept. 3 to Sept. 10. The vote advances the proposal but does not complete the restructuring or open a subscription window. Bhaji Illuminati, CEO of Centrifuge Labs and author of CP172, framed the decision as a choice for holders: “The question we're putting to the community is: would equity serve CFG holders better than a public token…
Source: TokenPost
