Parataxis Holdings enters definitive agreement with Sinsiway
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Parataxis Holdings enters definitive agreement with Sinsiway 05 December 2025US Reporter: Matthew Challis
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Parataxis Holdings, an affiliate of Parataxis Capital Management, along with other affiliated entities, has entered into a definitive agreement with Sinsiway in a transaction valued at up to 35 billion Korean won, resulting in Parataxis Holdings affiliates holding a controlling interest in the company.
The transaction would result in the creation of South Korea’s first ethereum-based treasury platform listed on South Korean public markets, Parataxis ETH.
An aspect of the transaction will see Edward Chin, founder and CEO of Parataxis Holdings, and co-founder of Parataxis Capital, join the board of directors at Sinsiway, with Michael Myunghoon Lee, of both Com2uS and Crit Ventures, assuming the role as CEO of the company.
Chin reveals Parataxis' excitement “to announce Parataxis ETH as an independent, differentiated ethereum treasury platform that will bridge traditional institutional finance and the on-chain digital economy of ethereum”.
Lee adds: “By building on the foundation established by Parataxis Korea’s Bitcoin treasury, we believe the natural evolution for institutional capital is to further expand into productive digital assets.”
Parataxis Holdings expects to announce further details concerning the transaction once the company conducts a shareholder meeting, anticipated to take place in January 2026.
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