Definition ∞ Digital token services encompass a range of offerings related to the creation, management, trading, and custody of digital tokens. These services include token issuance platforms, decentralized exchanges, wallet providers, and tokenization solutions for real-world assets. They facilitate participation in the digital asset economy, providing infrastructure for various token functionalities. Such services are essential for the operation and accessibility of blockchain networks.
Context ∞ The landscape of digital token services is rapidly expanding, with increasing demand for compliant and user-friendly platforms. Key discussions revolve around regulatory clarity for different token types and the interoperability of services across various blockchains. Future developments include the standardization of token protocols and the integration of these services into traditional financial systems. Service providers must navigate complex legal and technical requirements.
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