PANews reported on December 3rd that, according to CoinDesk, digital asset investment firm Parataxis Holdings announced it has agreed to acquire a majority stake in South Korean data security company Sinsiway (290560) for 40 billion won (approximately US$27.3 million), transforming it into a publicly listed Ethereum asset management company. Parataxis and its undisclosed affiliates will gain controlling interest in the company. If approved by Sinsiway shareholders in January 2026, the company will be renamed Parataxis ETH, Inc., retaining its stock exchange listing status. The renamed entity will become South Korea's first Ethereum-focused asset management platform backed by US institutional capital. Parataxis Holdings founder and CEO Edward Chin is expected to join the board of directors.