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Singapore-based crypto financial company Penguin Securities Holdings Pte. Ltd. announced the completion of its Pre-Series A funding round, raising a total of approximately 2.8 billion yen (about $18 million). The company plans to establish a Japan branch and accelerate its expansion into the Japanese market. This funding round was participated in by Japanese institutions including mint, Tokyo University of Science Investment Management, Thirdwave Financial, Nakashima Do Shop, United, and others. By 2025, Penguin Securities will obtain a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). (CoinPost)