Singapore, October 15, 2024 – Penguin Securities Pte. Ltd. (“Penguin Securities”), headquartered in Singapore, proudly announces that it has received in-principle approval from the Monetary Authority of Singapore (MAS) for its Capital Markets Services Licence (CMSL) application. This represents a significant milestone for Penguin Securities as it further broadens its presence within Singapore’s robust financial services ecosystem. Following on from this, Penguin Securities will work towards obtaining its CMSL.

Once granted, the CMSL will enable Penguin Securities to conduct the regulated activity in Singapore of dealing in Capital Markets Products that are Securities, Collective Investment Schemes, Exchange-Traded Derivatives Contracts, and Over-The-Counter Derivatives Contracts. This will be a key step in enhancing Penguin Securities’ offerings to accredited investors and institutional investors.

“Securing in-principle approval from the MAS for this licence application, is a crucial milestone in our mission to deliver institutional-grade structured products to accredited investors and institutional investors. The MAS regulatory regime is highly respected for its progressive approach and rigorous standards, creating a robust framework that fosters innovation while ensuring the highest levels of market integrity and investor protection. Regulatory compliance is a fundamental pillar of our growth strategy,” said Kentaro Kawabe, CEO of Penguin Securities.

Commitment to Innovation and Regulation

Singapore—widely acknowledged as a global financial center and innovation leader—has led the way in creating a transparent and reliable regulatory framework for capital markets and digital assets. With this significant step, Penguin Securities reaffirms its dedication to providing secure and regulated financial services of the highest standard.

As Penguin Securities continues to meet the necessary regulatory milestones, the company looks forward to fully operationalizing its regulated activities in Singapore, offering enhanced services to accredited investors and institutional investors once all preconditions to the grant of the CMSL are fulfilled.