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

Mysten Labs, the developer behind the Sui blockchain, has appointed former Goldman Sachs (GS) govt Mustafa Al Niama as head of capital markets, a transfer geared toward deepening the agency’s attain into conventional finance by way of tokenization and real-world asset (RWA) integration, the corporate stated 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 lengthy been an advocate of unlocking DeFi for large audiences,” Mysten Labs President Kevin Boon stated within the launch, calling him “completely suited” to spearhead the agency’s growth.

The rent comes amid accelerating regulatory readability within the U.S., together with the latest 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 Buying and selling Fee’s (CFTC) World Markets Advisory Committee and SIFMA’s digital property working group.

Al Niama cited Sui’s technical structure and Mysten’s crew experience as key attracts. “Sui is the best chain to advance all of the work I’d been forwarding at giant clearing homes and monetary establishments,” he stated within the launch.

Based 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.

Learn extra: Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Resolution Engineering