The Mysten Labs, the developer behind Sui Blockchain, has appointed former Goldman Sachs (GS) Executive Mustafa Al Niama as head of capital markets, a step aimed at elaborating on the company’s reach in traditional funding through tokenization and active in the real world (RWA) Integration, the company said in a press release from Thursday.
Al Niama, who spent over 15 years in traditional funding and most recently served as Goldman’s head of digital assets Americas, will lead institutional integration efforts on the mystery Labs. His mandate includes expansion of blockchain resolution among large financial institutions, increased security mobility and promoting digital asset training.
“Mustafa has long been a spokesman for locking Defi to the wide audience,” said the mystery Labs President Kevin Boon in release and called him “perfectly suitable” to lead the company’s expansion.
The rent comes in the midst of accelerating legislative clarity in the United States, including the recent passage of the Genius Act, which sets a framework for stablecoin integration in the wider financial system.
Al Niama has advised several financial regulators and providers of market infrastructures and contributed to the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee and Sifma’s working group for digital assets.
Al Niama quoted Sui’s technical architecture and the mysters’ team expertise as key traits. “SUI is the right chain to promote all the work I had forwarded in large clearing houses and financial institutions,” he said in the release.
Founded less than five years ago, the mysting Labs SUI places a company quality blockchain network built for high-speed development transfers and next generation internet infrastructure.
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