Digital tokens are units of value created and managed on a blockchain, a type of digital ledger technology. They can represent various assets, such as currency, property, or even digital art. Digital tokens are often used in transactions, allowing for secure and transparent exchanges without the need for intermediaries like banks. There are different types of digital tokens, including cryptocurrencies like Bitcoin and Ethereum, which serve as digital money. Other tokens, known as utility tokens, provide access to specific services or products within a platform, while security tokens represent ownership in an asset or company, often subject to regulatory oversight.