# CP172: Exploring Token-to-Equity to Maximize Long-Term CFG Value

**URL:** <https://gov.centrifuge.io/t/cp172-exploring-token-to-equity-to-maximize-long-term-cfg-value/7525>\
**Category:** Proposals\
**Tags:** rfc, cp4, voting, cp172\
**Created:** [August 17, 2026, 7:11pm UTC](https://gov.centrifuge.io/t/cp172-exploring-token-to-equity-to-maximize-long-term-cfg-value/7525 "2026-08-17T19:11:10Z")\
**Posts on this page:** 1\
**Showing post:** 177

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**Author:** ![psilinvestments](https://avatars.discourse-cdn.com/v4/letter/p/e68b1a/32.png) [@psilinvestments](https://gov.centrifuge.io/u/psilinvestments)\
**Post date:** [September 2, 2026, 7:20pm UTC](https://gov.centrifuge.io/t/cp172-exploring-token-to-equity-to-maximize-long-term-cfg-value/7525/177 "2026-09-02T19:20:47Z")

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**Update: RFC (TBD) — Reinstate Centrifuge DAO Governance Under CP171 is now live on GitHub.**

The proposal has been submitted to the Centrifuge Proposals repository and remains open for community review and refinement during the RFC period.

**For clarity, this is a separate governance-restoration proposal from CP172, which concerns token-to-equity.**

Forum RFC:

> [@CP (TBD): Reinstate Centrifuge DAO Governance Under CP171](https://gov.centrifuge.io/t/cp-tbd-reinstate-centrifuge-dao-governance-under-cp171/7617):
>
> title: Reinstate Centrifuge DAO Governance Under CP171 authors: Psilinvestments uses-component: cp4 technical-proposal: no requires-onchain: yes impacts/modifies: cp171, cp172 status: rfc date-proposed: 2026-08-29 date-ended: CP TBD: Reinstate Centrifuge DAO Governance Under CP171 Revised following community feedback during the RFC discussion to clarify the scope of restored governance and what remains delegated to Labs/CNF. Purpose This proposal does not seek to return day-to-day oper…

GitHub PR:

> <https://github.com/centrifuge/cps/pull/172>
>
> This proposal seeks to exercise the governance-restoration mechanism expressly p…reserved under CP171 and reinstate meaningful Centrifuge DAO governance.
> 
> 
> 
> It does not seek to predetermine the outcome of CP172 or oppose tokenized equity. Its purpose is to ensure CFG holders have the opportunity to exercise the governance rights preserved under CP171 before any fundamental restructuring of CFG governance or value accrual proceeds.
> 
> 
> 
> Forum RFC: https://gov.centrifuge.io/t/cp-tbd-reinstate-centrifuge-dao-governance-under-cp171/7617

Comments, amendments and constructive feedback are welcome.

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_[View the full topic](https://gov.centrifuge.io/t/cp172-exploring-token-to-equity-to-maximize-long-term-cfg-value/7525)._