After Movement Labs exit, Rushi Manche unveils Nyx Group venture with $100 million plan to back token projects

Rushi Manche, following his controversial exit from Movement Labs, has unveiled Nyx Group, a new multi-strategy investment initiative planning to deploy up to $100 million to support vetted blockchain projects preparing for token launches. Nyx Group aims to offer liquid capital, expertise, and hands-on operational support covering everything from community building to regulatory compliance.

Manche stated that the group has already begun making initial investments and is funded by unnamed partners and family offices who share common investment principles. The initiative seeks to fill a critical gap for founders needing capital during challenging market conditions, focusing on projects with strong value propositions and founders they personally trust.

Nyx Group differentiates itself by pairing capital with extensive post-launch operational support, positioning itself as the "most founder-friendly partner in the space" by offering favorable terms and backing long-term visions. Manche emphasized that his experience as a founder inspired him to create the resource he wished he had, while also noting the group works with law firms to ensure regulatory compliance.

(Source：The Block)