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

Odaily reported that Singapore-based cryptocurrency company Penguin Securities announced the completion of a funding 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 Yutaka Kurazumi, Kentaro Kawabe, and Sho Setoguchi. It obtained a Capital Markets Services license from the Monetary Authority of Singapore (MAS) in 2025. (CoinPost)