PANews reported on February 5th that, according to Coinpost, Singapore-based cryptocurrency financial services company Penguin Securities Holdings announced the completion of a Pre-A round of financing of approximately 2.8 billion yen (approximately US$18 million). Investors in this round include mint, Tokyo University of Science Investment Management, Third Wave Financial, and other Japanese institutions.

Founded in February 2023 by Japanese entrepreneurs, the company obtained a Capital Markets Services license from the Monetary Authority of Singapore in 2025, enabling it to offer cryptocurrency derivatives as well as traditional financial products such as stocks, bonds, and ETFs. This round of financing will be used to expand its products and services for qualified and institutional investors, strengthen its platform and organizational structure, explore new business areas, and advance strategic partnerships. Simultaneously, the company plans to establish a branch in Japan, officially entering the Japanese market, and exploring collaborations with local business partners.