Licensed Platform Operator

Definition ∞ A licensed platform operator is a digital asset service provider that has obtained official authorization from a regulatory authority to conduct its operations. This authorization typically requires adherence to specific legal, financial, and security standards. Such operators provide services like cryptocurrency exchanges, custody solutions, or token issuance platforms. The licensing aims to protect consumers and maintain market integrity.
Context ∞ The designation of a licensed platform operator is increasingly relevant in the evolving global regulatory landscape for digital assets. News often reports on jurisdictions implementing stricter licensing requirements, impacting market access and operational scope for these entities. Compliance with these licenses is crucial for establishing legitimacy and attracting institutional participation.