Penguin Securities Holdings Pte. Ltd. (“the Group”), a Singapore-based company operating businesses related to digital assets, has completed a Pre-Series A financing round through a third-party allotment of new shares. The pre-series round was subscribed by Mint Startup Fund II Investment Limited Partnership managed by Mint Co., Ltd., Tokyo University of Science Investment Management Company, Thirdwave Financial Inc., NAKASHIMATO CO., LTD., UNITED, INC., and several individual investors. The completion of this round brings the Group’s cumulative funding raised to USD 18 million.

With the proceeds from this funding, the Group plans to expand its suite of institutional-grade investment products and services to address the evolving needs of qualified and institutional investors, further strengthen its platform and organizational capabilities to meet increasingly sophisticated market demands, explore new business opportunities, and pursue strategic partnerships. Through these initiatives, the Group aims to build a trusted and resilient investment environment that enables a broader range of investors and clients to invest with confidence and trust.

Background of the Fundraising

Amid the continued momentum and expansion of the digital asset market, the development of regulatory frameworks, and the rapid increasing allocation of capital to digital assets by investors, the Group has experienced a growing volume of inquiries and engagements from investors and clients seeking institutional-grade products and solutions. Demand has risen not only from investors primarily focused on digital assets, but also from those who have long- standing exposure to traditional financial products. Against this backdrop, the need to effectively bridge traditional finance and digital assets has become increasingly important.

Since the Group’s subsidiary obtained its Capital Markets Services (CMS) licence, the Group has seen rising demand from investors and clients for sophisticated investment strategies and solutions that combine traditional financial instruments with digital assets exposure. In parallel, investors who have accumulated wealth primarily through digital assets have expressed growing interest in gaining exposure to traditional financial products. While the Group has historically focused on digital asset derivative products through a separate subsidiary, the acquisition of the CMS licence has enabled an expansion of its product offering to include securities such as equities, bonds, and exchange- traded-funds (ETFs), as well as fund products. Looking ahead, the Group intends to further differentiate its offerings by developing and delivering, through its subsidiaries and within their respective regulatory scopes, products and solutions that integrate digital assets, digital asset derivatives, and traditional financial products.

In addition, in response to the widespread adoption of app-based investment tools and the increasingly shorter of investment decision-making cycles, the Group plans to launch a mobile application designed to enhance the convenience and flexibility of investment portfolio management. By integrating its core internal systems with vendor systems, the Group intends to automate and enable self-service capabilities for key processes such as account opening, KYC, investment instructions, and balance inquiries. Through these technology-driven enhancements, the Group aims to leverage the latest technological advancements to improve operational processes as well as accelerate investment decision-making.

The Group has established a unique positioning in Asia by offering an integrated platform that spans digital assets, digital asset derivatives, and traditional financial products. The Group has accelerated the formation of partnerships with a diverse range of strategic and commercial counterparties and business partners, and it is expected that collaborations, including the partnerships and business alliances will continue to accelerate for scalable growth. The Group has also established a presence in Japan and intends to expand its product and service offerings in the Japanese market, supported by partnerships with domestic business partners. With a clear ambition to become a trusted financial services group in Singapore, across Asia, and in Japan, the Group remains focused on executing its growth strategy and creating long-term value for investors.