According to CoinPost, Singapore-based cryptocurrency company Penguin Securities announced the completion of a funding round amounting to approximately 2.8 billion yen (about 18 million U.S. dollars), with investors including mint, Tokyo University of Science Investment Management Co., and other Japanese investment institutions. The company was co-founded in February 2023 by Japanese entrepreneurs Masaya Kurafu, Kentaro Kawabe, and Shoko Setoguchi, and has already obtained a Capital Markets Services license from the Monetary Authority of Singapore (MAS) in 2025.
Singapore Crypto Firm Penguin Securities Completes 280 Million Yen Funding to Enter Japanese Market
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Summary
Penguin Securities, a Singapore-based crypto firm, has secured 280 million yen ($18 million) in funding led by Japanese investors including mint and Tokyo University of Science Investment Management Co. The company, founded in February 2023 by Japanese entrepreneurs Kuraie Yuya, Kawabe Kentaro, and Setoguchi Shoko, holds a Capital Markets Services license from Singapore’s MAS. The move comes amid ongoing securities vs commodities debate in global markets. The firm’s expansion into Japan could impact liquidity and crypto markets in the region.
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