We introduce TrackTok, an efficient video tokenization framework that produces object-centric tokens, i.e., tokens that consistently encode the same semantic object across time, even as it moves, deforms, or undergoes partial occlusion. Conventional patch-based or existing holistic tokenizers produce token identities often tied to fixed image locations. In contrast, our approach learns temporally persistent object-centric representations that bind visual features across frames into stable semantic units. This enables substantially more compact, continuous latent video representations, reducing the number of tokens required for downstream generative modeling with state-of-the-art flow models, while preserving the semantic structure needed for high-quality synthesis. Our tokenizer offers a favorable quality-efficiency trade-off. TrackTok achieves comparable class-conditional generative FVD on UCF-101 dataset at 8 times fewer latent tokens and better latency, and outperforms existing 1D tokenization baselines on frame prediction task on Kinetics-600 across low token budgets. These results suggest that object-aligned and temporally persistent tokenization is a promising direction for scalable video generation, where reducing latent token counts is critical for efficient modeling. Our code for this work is available at https://github.com/phamleyennhi/tracktok.

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