Movement acquires Canopy to integrate the treasury infrastructure internally

Techub News announcement, Movement announces the acquisition of Canopy, integrating vault infrastructure into its internal development system. Canopy, as the vault layer of the Movement network, supports users and independent curators in configuring assets and portfolio strategies on-chain through smart contracts. This acquisition aims to improve the end-to-end construction of the network’s financial stack.
The infrastructure will work in conjunction with the on-chain credit protocol MovePosition on the Movement network, strengthening technical coordination between vault contracts and other network components. Developers and partners will gain more direct integration options, while independent applications can still autonomously decide on product features, fees, and user experience. Canopy and MovePosition will be further integrated as a unified infrastructure in the coming weeks.