Singapore-based cryptocurrency company Penguin Securities completes approximately $18 million financing round, with participation from multiple Japanese investment institutions including Tokyo University of Science Investment Management

Odaily News Singapore-based cryptocurrency company Penguin Securities announced the completion of a financing round of approximately 2.8 billion yen (around $18 million). Investors include mint, Tokyo University of Science Investment Management, and several other Japanese investment institutions. The company was co-founded in February 2023 by Japanese entrepreneurs Yuya Kurazumi, Kentaro Kawabe, and Sho Setoguchi, and obtained a Capital Markets Services license from the Monetary Authority of Singapore (MAS) in 2025. (CoinPost)