I am wondering how the CFG tokens recently sold to the community are classified and how they correlate with the Centrifuge GmbH.
There is a Centrifuge GmbH that is responsible for managing the business. This GmbH has a liable equity, protecting it’s shareholders. How do the CFG tokens match with this, do they increase the liable equity of Centrifuge GmbH? By buying a CFG token, do I become a shareholder of Centrifuge GmbH?
If the holders of CFG form a DAO independent from the Centrifuge GmbH, the legal status of the DAO is also unclear not only in Germany (where Centrifuge GmbH is based). Most opinions state, that by entering a DAO by buying a token, the buyer becomes personally liable indefinitely for the DAO’s liabilities and risks. As the DAO is dealing with the emission of securities, there is definitely risk to be considered.
Next related question: How are revenue streams allocated between the DAO and the GmbH?
I would very much appreciate if someone could help me understanding these structures.
Thank you, Bob