# What is a token?

Tokens are digital assets created on a blockchain. Each blockchain has a native coin, for instance, Bitcoin for the Bitcoin blockchain and ether for the Ethereum blockchain. Assets built on existing blockchains are referred to as tokens. In realDAO use-case, the tokens will represent physical real estate assets and this ownership will be recorded on top of the Ethereum blockchain. All transactions of these tokens will also be recorded in this immutable way.

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