Public and private blockchains offering tokenization carry the burden of expensive fees or upfront infrastructure costs, slow transaction speeds, complexity in managing governance, and regulatory obstacles. The Hedera Token Service enables the configuration, management, and transfer of native fungible and non-fungible tokens on the public Hedera network. The Hedera Token Service offers incredibly high-throughput, low fees, and compliance configurations. There's even on-chain programmability, with API calls for atomic swaps and royalties — and for more complex programming, it's integrated into the Hedera Smart Contract service.