Singapore, 11 Nov 2024 – Penguin Securities, a leading Singapore-based financial services provider, has selected Lukka, the global crypto asset software and data provider. Leveraging on Lukka’s expertise, Penguin Securities optimizes its overall operational efficiency of its asset valuation and reporting. This strategic move aligns with Penguin Securities’ mission to deliver high standards of operational excellence in financial services by integrating Lukka’s advanced technology into its operations.
“Lukka has proven to be an invaluable asset, allowing us to transform our valuation workflows with precision and efficiency, allowing us to scale our operations, as a trusted partner in the digital asset space,” said Simon But, Head of Finance and Accounting at Penguin Securities. “Their deep understanding of our business needs and tailored solutions have significantly improved our processes, enabling us to focus on delivering exceptional value across key aspects of our operations.”
This decision addresses critical priorities for Penguin Securities, particularly as it expands its footprint in the financial services sector. Lukka’s comprehensive suite of solutions, including enterprise data management software and valuation services for structured derivatives, has been seamlessly integrated into Penguin Securities’ operations. This integration has led to streamlined processes, improved accuracy in asset valuation and reporting, enhanced reconciliation procedures, and strengthened regulatory compliance and auditability.
“This engagement strengthens Penguin Securities’ position within the financial services sector, setting a prominent benchmark for technology-driven operational efficiency and accuracy. As the industry evolves, adopting advanced solutions like Lukka’s will be crucial in maintaining trust, ensuring compliance, and driving growth through innovation and continuous improvement,” said Dan Huscher, Chief Data Product Officer at Lukka.

About Penguin Securities

Penguin Securities, a Singapore-based financial services provider, has received in-principle approval from the Monetary Authority of Singapore (MAS) for its Capital Markets Services Licence (CMSL). This approval represents a significant milestone, allowing Penguin Securities to broaden its regulated activities in Singapore, i.e. dealing in capital markets products, including Securities, Collective Investment Schemes, and Derivatives Contracts. In addition, Penguin Securities has applied regulatory approval to provide digital payment token services in Singapore.

The firm offers tailored financial solutions to accredited and institutional investors and, through a separate subsidiary, provides institutional-grade digital asset derivative products. Penguin Securities remains committed to innovation, security, and maintaining high standards of regulatory compliance.

About Lukka

Founded in 2014, Lukka serves the most risk-mature businesses globally with its enterprise data and software solutions. Headquartered in the United States, Lukka specializes in addressing complex financial, risk, compliance, and trade finance use cases that arise from the unique characteristics of blockchain data.
Lukka’s data and software products are award-winning, independently audited, and designed to meet and exceed institutional standards, including those set by the AICPA, ISO, IOSCO, and other recognized organizations. These standards focus on data quality, financial calculation accuracy and completeness, and managing technology operational risks. Lukka holds AICPA SOC 1 Type II and SOC 2 Type II certifications, ISO/IEC-27001 certification, and has completed a NIST Cybersecurity Assessment, demonstrating its leadership in industry best practices for technology risk governance.
Lukka’s global team is committed to partnering with businesses to solve their most complex data challenges.