Singapore-based cryptocurrency exchange KuCoin has teamed with DigitalBits, a blockchain protocol layer focused on branded crypto assets, for the launch of what it calls a new kind of OTC desk.

KuCoin's Enterprise Currency Desk (ECD) is tailored toward companies looking to venture into blockchain technology and decentralized finance (DeFi) by providing bespoke solutions for the acquisition of digital assets, the company says.

The new partnership seeks to simplify that process for businesses, and further allows them to access larger quantities of tokens to power operations such as wallet authentications, transaction fees and staking.

"A designated service to address token procurement and liquidity will allow companies to easily engage in blockchain-based solutions, without having to employ experienced traders to obtain and utilize large amounts of tokens," the company said in a press release Wednesday.

https://www.coindesk.com/idg-backed-crypto-exchange-kucoin-launches-otc-desk-for-enterprises