Mysten Labs Taps Ex-Goldman Sachs Digital Assets Head Mustafa Al Niama to Lead Capital Markets Push

Mysten Labs, the developer behind the Sui blockchain, has appointed former Goldman Sachs (GS) government Mustafa Al Niama as head of capital markets, a transfer geared toward deepening the agency’s attain into conventional finance by means of tokenization and real-world asset (RWA) integration, the corporate mentioned in a Thursday press launch.

Al Niama, who spent over 15 years in conventional finance and most lately served as Goldman’s head of digital property Americas, will lead institutional integration efforts at Mysten Labs. His mandate consists of increasing blockchain adoption amongst main monetary establishments, boosting collateral mobility, and advancing digital asset training.

“Mustafa has long been an advocate of unlocking DeFi for wide audiences,” Mysten Labs President Kevin Boon mentioned within the launch, calling him “perfectly suited” to spearhead the agency’s growth.

The rent comes amid accelerating regulatory readability within the U.S., together with the current passage of the GENIUS Act, which units a framework for stablecoin integration into the broader monetary system.

Al Niama has suggested a number of monetary regulators and market infrastructure suppliers, and contributed to the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee and SIFMA’s digital property working group.

Al Niama cited Sui’s technical structure and Mysten’s group experience as key attracts. “Sui is the right chain to advance all the work I’d been forwarding at large clearing houses and financial institutions,” he mentioned within the launch.

Founded lower than 5 years in the past, Mysten Labs is positioning Sui as an enterprise-grade blockchain community constructed for high-speed, low-cost asset transfers and next-generation web infrastructure.

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