Mysten Labs, the core developer behind the Sui blockchain, has named Mustafa Al Niama—former head of Goldman Sachs' Americas digital assets division—as its new Head of Capital Markets. Al Niama, who spent over 15 years in traditional finance, will spearhead efforts to expand institutional integration of the Sui network, focusing on tokenization, real-world asset (RWA) adoption, and collateral mobility solutions.
According to Mysten Labs' announcement, Al Niama will leverage his regulatory expertise—including advisory roles with the CFTC and SIFMA—to bridge traditional financial institutions with Sui's ecosystem. This move aligns with recent U.S. regulatory advancements like the GENIUS Act, which establishes frameworks for stablecoin integration.
Mysten Labs President Kevin Boon emphasized Al Niama's "advocacy for unlocking DeFi for wide audiences," positioning him to accelerate enterprise adoption. Al Niama cited Sui's "technical architecture" and low-cost infrastructure as pivotal to advancing institutional blockchain use cases.