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By Will Canny, AI Boost|Edited by Cheyenne Ligon
Aug 14, 2025, 2:42 p.m.
- Mysten Labs hires ex-Goldman Sachs digital assets chief Mustafa Al Niama to head capital markets and drive institutional blockchain adoption.
- Al Niama will focus on tokenization, real-world asset markets, and collateral mobility, building on more than 15 years of finance experience.
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.
STORY CONTINUES BELOW
“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.
Read more: Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Solution Engineering
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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