Movement Acquires Canopy to Integrate Vault Infrastructure

Odaily Planet Daily reports that Movement has completed its acquisition of Canopy, formally integrating Canopy’s Vault infrastructure into its core technology stack, though the specific acquisition amount has not been disclosed. Canopy is a Vault-layer infrastructure deployed on the Movement Network, enabling users to configure assets and combine yield strategies with independent strategy managers on-chain, while seamlessly interacting with the on-chain credit protocol MovePosition to form core components of the network’s financial infrastructure. Following this acquisition, Canopy’s smart contracts and technology stack will be directly owned and maintained by Movement, achieving deep integration between the Vault layer and credit protocols to enhance cross-protocol synergy and system consistency.