US-based digital asset hedge fund Parataxis is bringing a new strategy to South Korea’s capital markets by launching the country’s first bitcoin treasury platform via its newly acquired Kosdaq-listed entity, now renamed Parataxis Korea, according to a report by the Investor.
The move marks a significant hedge fund-driven innovation in the region, targeting institutional adoption of bitcoin as a treasury reserve asset – a playbook pioneered by US firms including MicroStrategy. Despite Korea’s regulatory constraints, Parataxis aims to embed bitcoin holdings within a regulated listed company, sidestepping current investment limitations for corporates.
“Bitcoin’s volatility is real, but so is the value of robust governance,” said Andrew Kim, CEO of Parataxis Korea and partner at New York-based Parataxis Capital. “This isn’t about hype — it’s about building an institutional-grade platform that redefines treasury strategy.”
Parataxis is working with Deloitte and law firm Sejong to ensure compliance as Korean regulators prepare to open digital asset markets to more institutional players later this year. The firm also launched a $100m fund to support its bitcoin strategy, with plans to grow “bitcoin per share” — a novel performance metric inspired by US precedents.
