Systems and methods are described herein for managing peering relationships and applying peering policy between service providers and content distribution networks. Aspects discussed herein relate to establishing secure peering connections between service providers to exchange application and/or network information. In some embodiments, an application peering manager may apply peering policy based on token information or other suitable information configured to uniquely identify an application and/or subscriber. In other embodiments, policy enforcement points or other elements residing within a network may be configured to accept and/or apply peering policy to application sessions.