When you to bank and ask for a pre-filled check, there is a signed transaction from both parties that you can broadcast (give) to whoever you want. That person then follows delivers the check (token) and digitally signs the transaction as concluded. These are basic banking procedures. I've made earlier the analogy to food stamps and food. Avoid confusing both as food. A check is not money. A token is not fedcoin. Tokens are objects representing something else. Probably with 1:1 parity, probably signed digitally, orally or with paper. Doesn't really matter. Unless you are confusing tokens with whatever pyramid schemes on casino coins, where those are essentially pegged to nothing else other than hopes.