Movement acquires Canopy to build native Vault infrastructure

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