European digital asset platform Melanion Digital has achieved a key regulatory milestone with its subsidiary Sigma Management Lux registering as an Alternative Investment Fund Manager (AIFM) under Luxembourg’s Article 3.2(a) “light” regime.
The move allows Sigma Management to structure, manage, and distribute alternative investment funds across the EU to qualified investors.
The registration makes Melanion Digital the first bitcoin-centric institution with an actively managed BTC treasury and market-neutral strategies to operate a fully CSSF-registered asset management vehicle in Luxembourg. It signals the firm’s commitment to robust compliance, risk management, and AML/CFT standards, aligning with one of the most rigorous regulatory frameworks in Europe.
Melanion Digital combines a proprietary balance sheet exposure to bitcoin with market-neutral arbitrage strategies and regulated fund vehicles, offering institutional investors multiple points of access to digital assets. The platform, founded in 2021 by Cyril Sabbagh – former head of equity derivatives trading at Oddo and Exane Derivatives – has steadily outperformed bitcoin since 2021, leveraging structured trading and tokenised investment products.
