Mysten Labs, the developer behind the Blockchain Suis, appointed the former Goldman Sachs (GS) Executive Mustafa Al Niama as capital market manager, a decision to deepen the scope of the company in traditional finance by tokenization and active world (Rwa) Integration, the company said in a press release Thursday.
Al Niama, who has spent more than 15 years in traditional finance and recently served as head of Digital Assets for Goldman, will direct the efforts of institutional integration in Mysten Labs. His mandate includes the expansion of the adoption of blockchain among the main financial institutions, stimulating the mobility of guarantees and progressing in the education of digital assets.
“Mustafa has long been a defender of the unlocking of Defi for the broad public,” said the president of MySten Labs, Kevin Boon, in the press release, calling him “perfectly suited” to direct the expansion of the business.
The rental comes in the middle of the acceleration of regulatory clarity in the United States, including the recent adoption of the Act on Engineering, which establishes a framework for the integration of stablescoin in the broader financial system.
Al Niama has advised multiple financial regulators and market infrastructure providers and has contributed to the Commodity Futures Trading Commission (CFTC) Consultative Committee on the World Markets and Working Group on Digital Assets of SIFMA.
Al Niama cited the technical architecture of Su Suis and the expertise of the Mysten team as key prints. “Suis is the right channel to advance all the work I had transmitted to large compensation houses and financial institutions,” he said in the press release.
Founded less than five years ago, Mysten Labs positions Suit as a business quality blockchain network designed for high -speed and low -cost asset transfers and the new generation internet infrastructure.
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