Mysten Labs Taps Ex-Goldman Sachs Digital Assets Head Mustafa Al Niama To Wipe Capital Markets Push
The Mysten Labs, the developer behind the Sui Blockchain, assigned a former Goldman Sachs (GS) Executive Mustafa Al Niama as head of capital markets, a step aimed at deepening the company’s reach to traditional finance through tokenization and real-world assets (RWA) Integration, the company said on a release of Thursday’s press.
Al Niama, who has spent more than 15 years on traditional finances and has served as the Goldman leader of Digital Assets Americas, will lead the efforts of integrating the institution with the Mysten Labs. His mandate includes expanding blockchain adoption to major financial institutions, strengthening collateral mobility, and promoting education in digital assets.
“Mustafa has long been a supporter of the Defi unlocking for the vast audience,” Mysten Labs President Kevin Boon said in the release, calling him “perfectly appropriate” to lead the company’s expansion.
The rent arrives in the middle of the speed of regulation in the US, including the recent -only Passing the Genius Actsetting up a framework for integrating stablecoin into the wider financial system.
Al Naama has advised many financial regulators and infrastructure providers in the market, and contributed to the Commodity Futures Trading Commission (CFTC) SIFMA’s Global Markets Advisory Committee of Global Markets and Digital Assets Working Group.
Al Niama cited Sui’s technical architecture and mysten team’s expertise as a key draw. “The SUI is the right chain to advance all the work I pass through the huge homes and financial institutions,” he said.
Established that less than five years ago, the Mysten Labs positioned SUI as a network grade blockchain developed for high-speed, cheap transfer of assets and next-generation internet infrastructure.
Read more: Sui launched the ‘Incubator’ Hub in Dubai for ‘On The Spot’ Solution Engineering
