Series seed financing of Penguin Securities Holdings Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Penguin Securities Holdings Pte. Ltd. (“PSH”), which raised a series seed financing round led by Daiwa Securities Group Inc., a Japanese investment bank and one of the largest securities brokerages in Japan.
PSH is a Singapore-headquartered financial services and digital assets startup co-founded by Yuya Kuratomi, Kentaro Kawabe and Sho Setoguchi. The company offers institutional-grade cryptocurrency derivative investment products with innovative structures using both cutting edge and traditional finance.
Advising PSH was Allen & Gledhill Partner Nicholas Soh.