Sentrifuge has proposed a restructuring plan that would let CFG holders convert one token into one share of company stock, with final voting results, board approval, and the conversion timetable still pending.

Under the proposal, the conversion ratio would be one company share for each CFG token. Sentrifuge said the actual subscription price would be set based on the market price of CFG at the time of conversion, rather than fixed in advance. The company also said the conversion would be optional, meaning holders who do not join the process could continue holding or selling CFG.

Sentrifuge outlined different paths for large and small holders. Wallets with more than 100,000 CFG would be able to register directly on the shareholder register. Holders below that threshold would not be registered as direct shareholders but could retain the economic rights tied to the shares through a trust structure.

Participation would be subject to Know Your Customer checks and other legal requirements. Sentrifuge said the eligibility of Korean investors would be addressed in later documents. The final conversion start date and application period would only be announced after board approval, leaving key implementation details unresolved for now.

Sentrifuge said the listing contract costs have become a burden on the public token structure. The proposal also includes a plan to halt CFG’s annual 3% token inflation once the conversion is completed. In the same proposal, Sentrifuge projected total value locked of $1.6 billion for the second quarter of 2026.

Why It Matters

The proposal is unusual because it would turn a crypto token into a path toward equity exposure in the issuing company. That puts tokenholder rights, securities treatment, compliance screening, and cap-table structure at the center of the discussion rather than a routine governance or tokenomics update.

It also shows how real-world asset platforms may revisit older token structures as they mature. If approved, the plan could become a closely watched example of how a crypto project shifts from a public token model toward a more regulated ownership framework while trying to preserve optionality for existing holders.