Mysten Labs, the developer behind Sui Blockchain, has designated former Goldman Sachs (GS) Mustafa Executive to Niama as Chief of Capital Markets, a measure aimed at deepening the scope of the company in traditional finances through the token and the active of the real world (RWA) Integration, the company said in a press release on Thursday.
To Niama, who spent more than 15 years in traditional finances and more recently served as Chief of Digital Assets of Goldman, Americas, will direct the institutional integration efforts in Mysten Labs. His mandate includes expanding the adoption of Blockchain among the main financial institutions, promoting collateral mobility and advancing in digital asset education.
“Mustafa has been an defender of unlocking Defi for broad audiences,” said Mysten Labs president Kevin Boon, in the statement, calling him “perfectly adequate” to lead the expansion of the company.
The hiring occurs in the midst of the acceleration of regulatory clarity in the United States, including the recent approval of the Genius Law, which establishes a framework for the integration of stablocoin into the broader financial system.
Niama has advised multiple financial regulators and market infrastructure suppliers, and contributed to the Public Future Trade Commission (CFTC) Global Market Advisory Committee and the Sifma Digital Assets Working Group.
The Niama cited the technical architecture of Sui and the experience of the Mysten team as it feels key. “Sui is the right chain to advance all the work I had been sending in large compensation houses and financial institutions,” he said in the statement.
Founded less than five years ago, MySten Labs is positioning Sui as a business block chain network built for high -speed and low -cost asset transfers and the next -generation Internet infrastructure.
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