A nominal token is a type of digital asset that represents a unit of value or ownership but does not necessarily have intrinsic value. These tokens are often used in blockchain technology and can serve various purposes, such as representing assets, granting access to services, or facilitating transactions. They are typically created through a process called tokenization, which converts real-world assets into digital tokens. Nominal tokens can be categorized into different types, including utility tokens and security tokens. Utility tokens provide users with access to a product or service, while security tokens represent ownership in an underlying asset, such as stocks or real estate. Both types play a significant role in the growing landscape of digital finance.