Blockchain Token

Definition ∞ A blockchain token is a digital unit of value or utility created on a blockchain network. These tokens represent assets, rights, or access to services within a specific ecosystem. They are distinct from cryptocurrencies like Bitcoin, which are native to their own blockchains, as tokens are typically built on existing blockchain platforms.
Context ∞ The discussion around blockchain tokens frequently addresses their classification and regulatory treatment, particularly concerning utility tokens versus security tokens. News often highlights new token issuances, the integration of tokens into decentralized applications (dApps), and the potential for tokenized real-world assets. Understanding the specific function and governance of a token is critical for assessing its market position and associated risks.