Movement Completes Canopy Acquisition, Integrates Vault Infrastructure on May 12

According to BlockBeats, Movement completed the acquisition of Canopy, an on-chain Vault infrastructure project, on May 12. Canopy previously operated as a key component of Movement's ecosystem, enabling users to configure assets and combine strategies with independent strategy managers through smart contracts on Movement Network.

Following the acquisition, Canopy will deepen coordination with Movement's on-chain credit protocol MovePosition. Movement is building a comprehensive on-chain financial infrastructure stack covering Vault, credit, and yield strategy modules. The team plans to release additional integration details in the coming weeks.