Definition ∞ A digital token service refers to any platform or application that facilitates the creation, issuance, management, or exchange of digital tokens. These services enable users to interact with various types of tokens, including cryptocurrencies, stablecoins, and non-fungible tokens. They are fundamental to the operation of the digital asset economy.
Context ∞ News frequently covers new digital token services and their impact on market liquidity, asset innovation, and user access to decentralized finance. Regulatory bodies are increasingly scrutinizing these services to establish clear guidelines for consumer protection and market integrity. The evolution of these platforms shapes the broader digital asset landscape.
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