Here's a useful way to categorize tokens -- from network tokens to memecoins, plus a handy flowchart to help figure things out.

Token definitions: https://a16zcrypto.com/posts/article/defining-tokens/

Company-backed vs. network tokens: https://a16zcrypto.com/posts/article/network-tokens-vs-company-backed-tokens/

by @milesjennings, @skominers, & @eddy

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

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Love this. 

What about: left most path, highly speculative, but no formal right, title or interest in the issuer?

In that case, if the value is coming from a company-controlled system, sounds like a Company-backed Token.