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+This tutorial focuses on custom tokens using the Token program. As of now, you have used the authenticated-transfers program for native tokens. The Token program is for creating and managing custom tokens. By the end, you will have practiced:
+1. Creating new tokens.
+2. Transferring custom tokens.
+
+> [!Important]
+> The Token program is a single program that creates and manages all tokens, so you do not deploy a new program for each token.
+> Token program accounts fall into two types:
+> - Token definition accounts: store token metadata such as name and total supply. This account is the token’s identifier.
+> - Token holding accounts: store balances and the definition ID they belong to.
+
+The CLI provides commands to execute the Token program. Run `wallet token` to see the options:
+
+```bash
+Commands:
+  new   Produce a new token
+  send  Send tokens from one account to another with variable privacy
+  help  Print this message or the help of the given subcommand(s)
+```
+
+## 1. Creating new tokens
+
+Use `wallet token new` to execute the `New` function of the Token program. The command expects:
+- A token name.
+- A total supply.
+- Two uninitialized accounts:
+- One for the token definition account.
+- One for the token holding account that receives the initial supply.
+
+### a. Public definition account and public supply account
+
+1. Create two new public accounts:
+
+```bash
+wallet account new public
+
+# Output:
+Generated new account with account_id Public/4X9kAcnCZ1Ukkbm3nywW9xfCNPK8XaMWCk3zfs1sP4J7
+```
+
+```bash
+wallet account new public
+
+# Output:
+Generated new account with account_id Public/9RRSMm3w99uCD2Jp2Mqqf6dfc8me2tkFRE9HeU2DFftw
+```
+
+2. Create the token (Token A):
+
+```bash
+wallet token new \
+    --name TOKENA \
+    --total-supply 1337 \
+    --definition-account-id Public/4X9kAcnCZ1Ukkbm3nywW9xfCNPK8XaMWCk3zfs1sP4J7 \
+    --supply-account-id Public/9RRSMm3w99uCD2Jp2Mqqf6dfc8me2tkFRE9HeU2DFftw
+```
+
+3. Inspect the initialized accounts:
+
+```bash
+wallet account get --account-id Public/4X9kAcnCZ1Ukkbm3nywW9xfCNPK8XaMWCk3zfs1sP4J7
+
+# Output:
+Definition account owned by token program
+{"account_type":"Token definition","name":"TOKENA","total_supply":1337}
+```
+
+```bash
+wallet account get --account-id Public/9RRSMm3w99uCD2Jp2Mqqf6dfc8me2tkFRE9HeU2DFftw
+
+# Output:
+Holding account owned by token program
+{"account_type":"Token holding","definition_id":"4X9kAcnCZ1Ukkbm3nywW9xfCNPK8XaMWCk3zfs1sP4J7","balance":1337}
+```
+
+### b. Public definition account and private supply account
+
+1. Create fresh accounts for this example:
+
+> [!Important]
+> You cannot reuse the accounts from the previous example. Create new ones here.
+
+```bash
+wallet account new public
+
+# Output:
+Generated new account with account_id Public/GQ3C8rbprTtQUCvkuVBRu3v9wvUvjafCMFqoSPvTEVii
+```
+
+```bash
+wallet account new private
+
+# Output:
+Generated new account with account_id Private/HMRHZdPw4pbyPVZHNGrV6K5AA95wACFsHTRST84fr3CF
+With npk 6a2dfe433cf28e525aa0196d719be3c16146f7ee358ca39595323f94fde38f93
+With ipk 03d59abf4bee974cc12ddb44641c19f0b5441fef39191f047c988c29a77252a577
+```
+
+2. Create the token (Token B):
+
+```bash
+wallet token new \
+    --name TOKENB \
+    --total-supply 7331 \
+    --definition-account-id Public/GQ3C8rbprTtQUCvkuVBRu3v9wvUvjafCMFqoSPvTEVii \
+    --supply-account-id Private/HMRHZdPw4pbyPVZHNGrV6K5AA95wACFsHTRST84fr3CF
+```
+
+3. Inspect the accounts:
+
+```bash
+wallet account get --account-id Public/GQ3C8rbprTtQUCvkuVBRu3v9wvUvjafCMFqoSPvTEVii
+
+# Output:
+Definition account owned by token program
+{"account_type":"Token definition","name":"TOKENB","total_supply":7331}
+```
+
+```bash
+wallet account get --account-id Private/HMRHZdPw4pbyPVZHNGrV6K5AA95wACFsHTRST84fr3CF
+
+# Output:
+Holding account owned by token program
+{"account_type":"Token holding","definition_id":"GQ3C8rbprTtQUCvkuVBRu3v9wvUvjafCMFqoSPvTEVii","balance":7331}
+```
+
+> [!Important]
+> As a private account, the supply account is visible only in your local wallet storage.
+
+## 2. Custom token transfers
+
+The Token program can move balances between token holding accounts. If the recipient account is uninitialized, the token program will automatically claim it. Use `wallet token send` to execute a transfer.
+
+### a. Create a recipient account
+
+```bash
+wallet account new public
+
+# Output:
+Generated new account with account_id Public/88f2zeTgiv9LUthQwPJbrmufb9SiDfmpCs47B7vw6Gd6
+```
+
+### b. Send 1000 TOKENB to the recipient
+
+```bash
+wallet token send \
+    --from Private/HMRHZdPw4pbyPVZHNGrV6K5AA95wACFsHTRST84fr3CF \
+    --to Public/88f2zeTgiv9LUthQwPJbrmufb9SiDfmpCs47B7vw6Gd6 \
+    --amount 1000
+```
+
+### c. Inspect the recipient account
+
+```bash
+wallet account get --account-id Public/88f2zeTgiv9LUthQwPJbrmufb9SiDfmpCs47B7vw6Gd6
+
+# Output:
+Holding account owned by token program
+{"account_type":"Token holding","definition_id":"GQ3C8rbprTtQUCvkuVBRu3v9wvUvjafCMFqoSPvTEVii","balance":1000}
+```