Nyx Group, founded by former Movement Labs co-founder Rushi Manche and several unnamed partners, plans to inject up to $100 million into the liquidity market while providing operational support to token issuance founders.

The firm has been active for several months and has made initial investments, though granular details remain undisclosed; management expects the funding to be deployed over the next few years.

Rushi Manche previously co-founded Movement Labs. Earlier this year, controversy surfaced around a market-making arrangement tied to 66 million MOVE tokens, roughly 5% of the supply, after which Movement Labs terminated its collaboration with Manche.

Industry observers will monitor for transparent disclosures and governance safeguards as Nyx Group allocates capital to liquidity facilities and supports compliant token issuances.