The paper asks how monetary design can be grounded in social relations, territorial values, and collective objectives that precede a monetary architecture and are expected to be supported by it. While the analytical framework applies broadly to monetary experiments, the paper focuses on civic token systems: blockchain-based tokenized architectures oriented towards local collaborative economies, participatory rule-making, and the collective definition of values and objectives. This focus responds to a central critique of blockchain for social good: project designers may label applications as serving the “good” because they pursue social or environmental objectives, while retaining technological and economic mechanisms that reproduce mainstream market-oriented logics. Drawing on monetary sociology, complementary and community currency studies, and the Social Shaping of Technology tradition, the paper develops a four-phase co-design model for constructing tokenized circuits of commerce. Empirically, it draws on two Urban Living Labs developed as part of a European project on circular urban economies and civic technologies. The analysis focuses on the design phase, before token circulation, showing how local actors negotiate valuation, commensuration, token functions, access rules, circulation boundaries, and off-chain governance. The contribution is conceptual and methodological: it shows how sociological concepts of money can be operationalized to construct situated monetary architectures grounded in local values, collective objectives, and territorial relations.