Parataxis Holdings plans to acquire Sinsiway for $27 million and transform it into an ETH asset management company.

ChainCatcher reported that Parataxis Holdings announced its plan to acquire data security company Sinsiway for $27 million, and to transform it into an Ethereum (ETH) fund management company, renaming it Parataxis ETH. This will make it the first ETH treasury platform in South Korea backed by US institutional capital. The new entity will hold ETH as part of its core strategy, connecting traditional finance with on-chain assets, and will become part of Parataxis's broader strategy to bring digital assets into the public market.