Movement acquires Canopy, bringing treasury infrastructure in-house

Techub News消息，Movement announced the acquisition of Canopy, bringing vault infrastructure in-house. Canopy, as the vault layer of the Movement network, utilizes smart contracts to enable users and independent curators to configure assets and portfolio strategies on-chain. This acquisition aims to enhance the end-to-end construction of the network's financial stack.

The infrastructure will work in coordination with MovePosition, the on-chain credit protocol on the Movement network, strengthening technical coordination between vault contracts and other network components. Developers and partners will gain more direct integration solutions, while independent applications can still autonomously decide on product features, fees, and user experience. Canopy and MovePosition will be further integrated as unified infrastructure in the coming weeks.