Rushi Manche, previously a co-founder of Movement Labs, has announced the launch of Nyx Group, a new crypto investment firm focused on backing token projects. The firm said it plans to provide up to $100 million in liquidity for projects preparing to issue tokens, alongside broader support in compliance, community building, and governance.
Targeting projects with real traction
According to the announcement, Nyx Group is not positioning itself as a backer of purely speculative early-stage ideas. Instead, it intends to focus on projects that have already demonstrated market traction, including active users and revenue. Manche said the firm will only work with founders it deeply trusts, signaling a selective approach centered on execution quality and long-term alignment.
Addressing funding and guidance gaps
Manche framed the new firm as a response to gaps that many crypto entrepreneurs face beyond fundraising alone. Nyx Group aims to combine capital with practical support in compliance, community, and governance, areas that often become critical as projects move toward token issuance. He described the firm’s goal as becoming the “most founder-friendly” investment platform in the crypto sector.
Launch comes after Movement Labs controversy
The debut of Nyx Group comes after Manche’s dismissal from Movement Labs. His departure followed controversy surrounding the manipulation of 66 million MOVE tokens, and related legal proceedings are still ongoing. That backdrop is likely to draw additional attention to Nyx Group as it seeks to establish credibility in a competitive and closely watched market.
More broadly, Nyx Group appears to be targeting a specific window in the crypto lifecycle: the period before and around token issuance, when projects often need both liquidity and operational guidance. As investors become more selective and compliance standards rise, firms offering capital together with structured strategic support may play a larger role in the next phase of crypto funding.