A Debt Token represents a form of borrowing in the blockchain space. It is essentially a digital asset that signifies a debt obligation, allowing an issuer to raise funds from investors in exchange for future repayments.When a company or individual issues a Debt Token, they are promising to return a specified amount of money, often with interest, at a future date. This token can often be traded on secondary markets, allowing investors to buy and sell their stake in the debt without having to hold it until maturity.Unlike traditional bonds, Debt Tokens can be created and managed on smart contracts, which automate many processes such as interest payments and maturity management. This transparency and efficiency attract both issuers and investors.Overall, Debt Tokens provide a novel way to facilitate borrowing and investing, offering benefits such as liquidity and easier access to capital. They represent an innovative step in how debts can be managed and traded in the blockchain space.