Institutional adoption of Bitcoin and digital assets is accelerating, paving the way for a new generation of investment strategies. Beyond mere exposure to market upside, the ecosystem now offers diversified sources of return built on mechanisms such as income generation, arbitrage, liquidity provision and the infrastructure of digital finance.
At this breakfast, Melanion Digital will present the main sources of performance available to professional investors within this rapidly maturing landscape, along with the regulatory and market developments driving its institutionalisation.
The session will bring together Cyril Sabbagh, Co-founder & President of Melanion Digital, and Grégory Raymond, Co-founder & Head of Research at The Big Whale — Europe's leading platform for digital-asset market intelligence.
Together, they will decode the trends shaping this asset class and the new investment opportunities emerging beyond traditional Bitcoin exposure.
Cyril Sabbagh is Co-founder & President of Melanion Digital, bringing over twenty years of experience across financial markets, quantitative finance and asset management. After leading equity options market-making at Oddo and Exane Derivatives, he founded the derivatives-focused firm Mosaic Finance in 2009, then moved into Asset & Wealth Management before joining Melanion Capital in 2019. There he designed the Melanion Bitcoin Equities UCITS ETF — the first AMF-regulated Bitcoin-themed ETF and one of Europe's earliest bridges between traditional finance and digital assets. He co-founded Melanion Digital in 2021, which launched a regulated Luxembourg asset management company for digital-asset strategies in 2025. A graduate of ENSAE and a Fellow Actuary, he also holds two Master's degrees from Paris VI.
Grégory Raymond is Co-founder & Head of Research at The Big Whale, Europe's leading platform for digital-asset market intelligence. A journalist specialising in cryptocurrencies, blockchain and the transformation of finance, he has spent several years analysing the sector's regulatory, institutional and technological developments for an audience of investors, banks, asset managers and fintechs.
A former financial journalist, he was among the first in France to cover the emergence of the crypto ecosystem. He is also the author of Bitcoin & Cryptos : l'enjeu du siècle (Talent Éditions, 2025), a book on the economic and financial transformations driven by digital assets.