October 15th 2026, 2:17 PM
Crypto Market Shifts Away from Token Launches, Centrifuge Takes the Lead
Key Summary
Centrifuge CEO Bhaji Illuminati notes the market is becoming more critical about when tokens are appropriate, with institutions walking away due to governance concerns. The company is replacing its CFG token with company shares, simplifying the exit process and making due diligence easier.
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Introduction
Centrifuge CEO Bhaji Illuminati thinks the era of launching tokens is ending. The company is replacing its CFG token with company shares, a move to a single value-accrual mechanism.The Shift to Tokenized Equity
From governance token to tokenized equity, Centrifuge is in the middle of replacing its CFG token with company shares. The shift is part of a broader pattern, with a growing number of blockchain projects dropping native tokens in favor of traditional equity structures to attract institutional capital.Institutional Due Diligence
Institutional due diligence flagged Centrifuge's token-governed structure as a risk, leading to lost deals. The company's restructuring aims to remove that barrier by giving institutions something they already know how to evaluate: equity.Market Trends
A growing number of blockchain projects are dropping native tokens in favor of traditional equity structures to attract institutional capital more effectively. More than 90% of major-exchange tokens were trading below their listing prices one year after launch, according to Bloomberg.Conclusion
Centrifuge is not a meme project retreating from a failed launch. It is an established real-world asset platform concluding that its token was getting in the way of its core business. The company's restructuring is designed to make due diligence simpler and attract more institutional capital.#Centrifuge#CryptoMarketShift#Tokenization