Parataxis plans to acquire Korean company Sinsiway for $27 million and transform it into an Ethereum asset treasury company.

According to TechFlow on December 3, as reported by CoinDesk, New York digital asset investment firm Parataxis Holdings has agreed to acquire control of Korean data security company Sinsiway for 40 billion KRW (approximately $27.3 million), with plans to transform it into an Ethereum asset vault company.

If approved by Sinsiway shareholders in January 2026, the company will be renamed Parataxis ETH, Inc., retain its stock exchange listing status, and become a Korea-based Ethereum asset vault platform backed by U.S. institutional capital. Parataxis Holdings founder and CEO Edward Chin is expected to join the board.

Previously, Parataxis launched Parataxis Korea, which focuses on Bitcoin asset vault operations and currently holds 150 BTC valued at nearly $14 million.

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