Centrifuge’s CP172 proposal passed with 98.53% of voting weight in favor, authorizing the project to pursue a planned one-CFG-for-one-share subscription into Centrifuge, Inc. The vote does not itself launch the conversion, issue shares or complete the restructuring. The plan remains conditional on board approval, converting the Centrifuge Network Foundation from a Cayman Islands foundation company into an exempted company with limited liability, holder eligibility and applicable legal requirements. Eligible holders with at least 100,000 CFG would be registered directly, while smaller holders would use a planned CoinList trust structure. The proposal says team, community and partners would receive the same share class, but the fetched materials do not establish voting, dividend or transfer rights for the shares. Centrifuge reports approximately $1.6 billion in tokenized assets, including JTRSY and JAAA.