Centrifuge Token Migration Update

[ImdioR]

Dear Centrifuge Community,

We are excited to announce that the official migration of the Centrifuge Governance Token (CFG) to Ethereum will begin on May 20th, 2025.

This marks a major milestone in Centrifuge’s evolution toward full EVM compatibility and cross-chain composability, as outlined in CP149: Migration of CFG to EVM. The new CFG token represents the foundation of the upcoming Ethereum-native Centrifuge Protocol—bringing modularity, support for advanced fund structures, and seamless interoperability across chains.

Key Details of the New CFG Token:

Token Address on Ethereum:0xcccccccccc33d538dbc2ee4feab0a7a1ff4e8a94

Conversion Rate: 1:1 for legacy CFG (Centrifuge Chain) and WCFG (Ethereum & Base) to new CFG
Deadline to complete migration: November 30th, 2025 ( extended until December 3rd )

Migration Process

Token migration will be available via the Centrifuge App starting May 20th, 2025.

• Legacy CFG (Centrifuge Chain): https://app.centrifuge.io/#/portfolio/migrate/cent

You’ll provide an Ethereum address where the migrated tokens will be sent.

Demo: CFG Token Migration

• Wrapped CFG (Ethereum/Base): https://app.centrifuge.io/#/portfolio/migrate/eth

You’ll swap WCFG for the new CFG directly in your connected wallet.

A detailed step-by-step migration guide will be published on launch day on docs.centrifuge.io.

Demo: WCFG Token Migration

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Deadline to complete migration: November 30th, 2025

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CFG migration deadline has been extended by 48 hours until December 3

To ensure every token holder can migrate, we’ve extended the deadline for migrating legacy CFG (wCFG & Substrate CFG) to the new ERC-20 CFG until December 3, 2025.

512,055,170 legacy CFG ( 90.63% of supply) already migrated.

If you’re still holding legacy CFG ( wCFG or substrate CFG ), you should migrate immediately.

All legacy CFG holders MUST migrate by December 03, 2025, or risk losing access to their tokens.

Read the full announcement on X

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[ImdioR]

We’re thrilled to share the latest update on the Centrifuge token migration, and we’re genuinely amazed by the enthusiasm and support you’ve shown so far.

This process is a significant step toward unifying our ecosystem, and your participation is making it a reality.

As of today(17.06.2025), we have successfully migrated 80,471,936 wCFG tokens and 50,046,967 legacy CFG tokens from the Centrifuge Chain. That’s over 130 million tokens now transitioned to the new CFG token in less than one month!

A total of 1,016 holders have completed their migrations, which is a fantastic show of community commitment.

For those who haven’t migrated yet, there are still 435,602,304 legacy CFG tokens (both wCFG and Centrifuge Chain CFG) waiting to make the switch.

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• You can follow along on the progress here: Dune

• The token contract address is: https://etherscan.io/token/0xcccccccccc33d538dbc2ee4feab0a7a1ff4e8a94

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As the Discord moderator, I’ve received and responded to several important community questions. To help others who may be wondering the same things, I’m sharing the most common ones below.

For any other questions, please join our official Centrifuge Discord server and open a ticket in the #support channel. A Centrifuge team member or one of our moderators will respond promptly to resolve your issue.

F.A.Q

1. I hold my tokens on a centralised exchange (CEX). What should I do?

Answer

Consult the “Supported Exchanges” list published by Centrifuge (link)

• If your CEX is listed, no further action is required; the platform will handle the migration for you.
• If your CEX is not listed, withdraw the tokens to a self-custody wallet and follow the manual migration guide.
  • We’re actively working to secure support for CFG on both existing and new centralized exchanges. If there’s a CEX you’d like to see CFG on, a post on X tagging them to show demand would go a long way- it really helps!

2. I store my CFG / wCFG on a Ledger hardware wallet. Can I migrate directly from Ledger?

Answer

At present, the Ledger flow is not officially supported. To ensure a smooth migration:

1. Transfer your tokens from Ledger to a hot wallet (CFG: e.g., Talisman, SubWallet; wCFG: e.g., Rabby, MetaMask etc).
2. Complete the migration from that hot wallet.

3. After migrating, my wallet still shows the token value as $0. What should I do?

Answer

Specific non-custodial wallets have not yet integrated a price feed for the new CFG, resulting in a temporary display of zero value. Your onchain balance is correct; no user action is needed while Centrifuge coordinates with the wallet providers to resolve the issue.

4. Do I need to migrate my tokens immediately?

Answer

The migration window closes on 30th November.

However, we encourage you to migrate as soon as possible to help deepen liquidity for one CFG token.

5. What is the migration rate?

Answer

One legacy CFG or wCFG converts to one new CFG (1:1).

6. Where can I trade the new CFG token?

Answer

A continuously updated list of centralised and decentralised exchanges is maintained on the CFG page at CoinGecko.

7. Where can I find an official list of exchanges that will or will not support the migration?

Answer

The definitive list is available on the Centrifuge Governance forum Centrifuge Token Migration Update - #3

8. Are there any fees for migration?

Answer

• wCFG → CFG: You pay the standard Ethereum network gas fee.

• Legacy CFG → CFG: A flat fee of 10 CFG is applied, benchmarked against the prevailing average Ethereum gas cost.

9. The migration button is inactive. How can I proceed?

Answer

Kindly ensure that all your tokens are unlocked and fully transferable. This means they should be fully vested and free from any governance restrictions.

10. What should I do if I receive the error message “Migrate CFG: Transaction failed”?

Answer

Please transfer your CFG tokens to a new hot wallet and then restart the migration process