Citing Odaily, Parataxis Holdings announced plans to acquire data security firm Sinsiway for $27 million and rebrand it as Parataxis ETH, a dedicated Ethereum (ETH) asset management company. The new entity will become the first in South Korea backed by U.S. institutional capital to serve as an ETH treasury platform, holding ETH as a core strategy to bridge traditional finance with on-chain assets. The move is part of Parataxis' broader strategy to bring digital assets into public markets.
Parataxis Holdings to Acquire Sinsiway for $27M, Rebrand as ETH Asset Management Firm
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