In Token's world, you'll never need to carry your wallet. You won't need house keys, or a transit pass, or even to remember your computer password.

All you'll need is a ring.

Token is a fledgling hardware company that just introduced its first product: the Token ring, an identity ring designed to store your credentials and secure your privacy with a fingerprint sensor.

The Token ring starts at $249 and is now available for presale. The first Token rings will start shipping in December.

Here's how it works, according to the company.