Asset Token Standard

Definition ∞ An Asset Token Standard is a set of technical rules governing the creation, issuance, and management of digital tokens representing assets on a blockchain. These standards ensure interoperability and consistent behavior across different platforms and applications. They define properties like transferability, supply, and access control for digital assets.
Context ∞ The discussion frequently centers on the evolution and adoption of new token standards to accommodate more complex asset types and regulatory requirements. A key development to observe is the continued refinement of these standards to support a broader array of real-world assets and advanced functionalities within decentralized finance.