Mysten Labs, the developer behind the Sui blockchain, has appointed former Goldman Sachs (GS) executive Mustafa Al Niama as head of capital markets, a move aimed at deepening the firm’s reach into traditional finance through tokenization and real-world asset (RWA) integration, the company said in a Thursday press release.
Al Niama, who spent over 15 years in traditional finance and most recently served as Goldman’s head of digital assets Americas, will lead institutional integration efforts at Mysten Labs. His mandate includes expanding blockchain adoption among major financial institutions, boosting collateral mobility, and advancing digital asset education.
“Mustafa has long been an advocate of unlocking DeFi for wide audiences,” Mysten Labs President Kevin Boon said in the release, calling him “perfectly suited” to spearhead the firm’s expansion.
The hire comes amid accelerating regulatory clarity in the U.S., including the recent passage of the GENIUS Act, which sets a framework for stablecoin integration into the wider financial system.
Al Niama has advised multiple financial regulators and market infrastructure providers, and contributed to the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee and SIFMA’s digital assets working group.
Al Niama cited Sui’s technical architecture and Mysten’s team expertise as key draws. “Sui is the right chain to advance all the work I’d been forwarding at large clearing houses and financial institutions,” he said in the release.
Founded less than five years ago, Mysten Labs is positioning Sui as an enterprise-grade blockchain network built for high-speed, low-cost asset transfers and next-generation internet infrastructure.
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