Another Wall Street executive is defecting to the crypto industry. Mustafa Al Niama, the former head of the Americas digital assets desk for the investment bank Goldman Sachs, is joining the blockchain developer Mysten Labs as head of capital markets, he told Fortune . He’ll help lead the crypto company’s outreach to large financial institutions, he said.

“The objective is to expand that sphere materially more than what we have today,” Al Niama added.

He’s the latest from the world of Wall Street to join an industry populated not so long ago by teens and twentysomethings in hoodies. Others include Mary-Catherine Lader, a former rising star at asset manager BlackRock who jumped ship in 2021 to join Uniswap Labs. There’s also Tom Farley, the former president of the New York Stock Excha

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