Movement acquires Canopy, officially incorporating Vault infrastructure into the core layer of the ecosystem

Movement announced that it has completed the acquisition of the on-chain Vault infrastructure project Canopy, further integrating key financial infrastructure within the Movement Network. Canopy has previously been an important part of the Movement ecosystem, primarily responsible for building the Vault layer on the Movement Network, with its smart contracts allowing users to allocate assets and strategize on-chain with independent strategy managers.

After this acquisition, Canopy will collaborate more closely with the on-chain credit protocol MovePosition, and Movement is gradually building a complete on-chain financial infrastructure stack covering modules such as Vault, credit, and yield strategies. Movement stated that most public chain ecosystems still rely on third parties to provide core financial primitives, while Movement hopes to achieve deeper technical collaboration between Vault contracts and other components of the network through self-built and internally integrated methods.

For developers, this means they can directly integrate core protocols that are continuously iterating; for partners, it means stronger consistency between the underlying infrastructure and the development team; for users, it is expected to provide a more unified on-chain financial product experience. The official also revealed that MovePosition and Canopy will gradually operate as a unified infrastructure, with more integration details to be announced in the coming weeks.