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 configuring, managing, and transferring native fungible and non-fungible tokens on the public Hedera network.
It offers incredibly high-throughput, low fees, and compliance configurations. There's even native on-chain programmability using API calls for atomic swaps and configuration of custom royalties — and for more complex programming, the Token Service is integrated into the Hedera Smart Contract service.