The value of the CBDC is held as a token. The token can be stored in a number of places, such as in an account, wallet, or card. This term can be hard to define at a technical level and some central banks are trying to get away from terms such as token- and account-based because they are so imprecise. There is actually no good definition, but rather many definitions that are conflicting. For example, many now say the bitcoin is not really a token, as it is possible to clone the bitcoin system and have identities attached to all the addresses, but nothing would change in the code. So is that a token or an account?