PEAQ is a new platform that will be developed on top of IOTA and the Tangle that will allow for tokenization, similar to the ERC-20 standard of Ethereum.
With it's launch we will likely see several new tokens pop up that are built on top of the Tangle.
However, it is unclear how this will impact the Tangle, and how it will interact with IOTA. Will tokens fully rely on IOTA transactions to occur, or only tangle activity (such as 0 iota transaction, which means IOTA is cut out of the picture)? What is the possibility that some token becomes more useful/popular than the original IOTA token?