Movement Acquires Canopy to Integrate Vault Infrastructure

Odaily reports that Movement has announced the acquisition of Canopy, formally integrating its Vault infrastructure into the core technology stack. The specific acquisition amount has not been disclosed. Canopy is a Vault-layer infrastructure deployed on the Movement Network, allowing users and independent strategy managers to allocate assets and combine yield strategies on-chain. It operates in coordination with the on-chain credit protocol MovePosition, forming a core component of the network's financial infrastructure. Following this acquisition, the smart contracts and technical systems related to Canopy will be directly owned and maintained by Movement, enabling deep integration between the Vault layer and modules such as the credit protocol to enhance inter-protocol synergy and system consistency.