> ## Documentation Index > Fetch the complete documentation index at: https://docs.neuro-tech.io/llms.txt > Use this file to discover all available pages before exploring further. # Tokens > How tokens are created and managed on the Neuro platform Tokens in Neuro are structured digital instruments tied to ownership, contracts, and auditable events. They are not only records of scarcity or display objects in a wallet. Neuro-Features are digital instruments that can represent NFTs, asset-backed tokens, ownership interests, leases, rights, and other tokenized assets — linked to smart contracts, lifecycle rules, and unique ownership. ## Why tokens exist in the platform Many real-world assets, rights, and agreements are hard to manage with ordinary application objects alone. A tokenized model makes it easier to represent: * Ownership * Transfer * Lifecycle * Linked payments * Rights and entitlements * Auditable value exchange That is why tokens are part of the broader Neuro platform and not just a standalone feature. They connect naturally with identity, contracts, and ledger-backed traceability. ## What tokens can represent Neuro tokens can represent: * Non-fungible assets * Asset-backed instruments * Ownership in projects or physical assets * Transferable rights * Service or access entitlements * Digital and cyber-physical assets This makes them useful for more than collectibles. The model is intended for operational and business use cases where ownership and transfer must be provable and auditable. ## How tokens fit into the platform * **Legal identities** identify owners and other parties * **Smart contracts** define creation, transfer, rules, and lifecycle * **Neuro-Ledger** records important token-related events * **Payments** can be linked to token transfer and contract rules This is what makes the token model more powerful than a simple database record or a static wallet entry. Tokens are part of a broader trust and automation model. ## Why lifecycle matters Tokens in Neuro are not just "minted and left there forever." They can be part of a lifecycle with rules, transitions, transfers, and connected business logic. That makes them better suited for real systems where assets, rights, and obligations change over time. ## Real-world applications The token model plays out in practice across a range of use cases: * **Tokenization of sustainable real estate** — Real estate projects in smart cities can be tokenized to represent fractional ownership, with ESG metrics, transfer history, and ownership records all tied to auditable ledger entries and smart contract rules. * **Asset-backed instruments** — Physical or financial assets can be represented as Neuro-Features, making ownership provable and transferable without relying on a central registry. * **Rights and entitlements** — Access rights, service entitlements, and licenses can be managed as tokens with lifecycle rules, expiry, and traceable transfer history. ## Key takeawaysKey takeaways A Neuro token is a platform object tied to: * Ownership * Agreements * Signed actions * History * Business rules When you work with tokens, you are usually also working with contracts, identities, and auditability. **A token in Neuro is a digital instrument tied to ownership, agreements, and traceable events.** ## Further reading Platform specification and standards Neuron and associated technologies Tutorials and implementation guides