The three common types of tokens created are Equity tokens (tokenization of company’s stocks), reserve-asset tokens (supported by tangible and intangible assets), and debt tokens (debt instruments with a commitment to payback). 

The process followed is gathering the business needs, preparing different use cases, choosing the right blockchain network, defining the development roadmap, developing the STO website, publishing the whitepaper, registering the early investors, undertaking KYC verification, integrating the smart contract and the user interface, testing the entire working of the application, and officially launching it in the market.