And that's exactly, where the "native token" concept of Cardano comes in. (in my opinion) Tokens in the Cardano chain can be set up without having to issue a smart contract, which makes transactions faster and way cheaper!
How can that be done mate? I haven't even heard of it now because every new token that uses a certain blockchain network always has to issue their smart contract so that it can be easily added to everyone's wallet.
It's because smart contracts are not a standard for tokenization. Most functionality is built into the ledger itself. Tokenization can be done by a simple minting policy script in any scripting language supported by Cardano.