What Move Industries does

Move Industries is a private blockchain infrastructure company that serves as the core contributor to the Movement Network, an independent Layer 1 blockchain built on the Move programming language. Founded in 2024 and operating with 11-50 employees, the company originally launched as an Ethereum Layer 2 before pivoting to a standalone L1 in mid-2025 following the acquisition of Movement's core R&D under new CEO Torab Torabi. The technical stack centers on MoveVM and M1 Mainnet, offering resource-oriented smart contracts with formal verification, parallel execution, and optimized consensus. Its flagship product launch is USDCx (March 2026), a native USDC-backed stablecoin fully collateralized 1:1 via Circle's xReserve smart contract and connected to USDC across 30+ blockchains through Circle CCTP and Circle Gateway, enabling minting without third-party bridges.

The company's go-to-market combines community-led developer relations (Discord, blog content, documentation at docs.movementnetwork.xyz) with API-first infrastructure partnerships targeting two segments: consumers in Global South emerging markets seeking near-zero-fee stablecoin payments, and crypto-native builders developing DeFi, lending, real-world asset, and consumer finance applications using Move. Revenue is derived from network transaction fees and ecosystem token economics (the MOVE token), though no revenue figures are disclosed. Named ecosystem participants include liquidity hub Meridian, money-market MovePosition, wallet providers KAST and Sorted, tokenizer Oro, and Circle as a core integration partner. The company has also secured licensed payment rails across the US, Canada, and EU to support cross-border flows.

Move Industries underwent significant turbulence in April 2025 when a market manipulation episode involving market maker Web3Port caused the MOVE token to crash 86% from peak (market cap from ~$2.5 billion to ~$54 million). The company responded with a leadership change (Torab Torabi as CEO, August 2025), a token buyback of approximately 19% of investor-allocated supply, a structural pivot from L2 to L1, and a refocused product strategy centered on stablecoin payments. Leadership consists of CEO Torab Torabi, CTO Young Yang Liauw, and CSO Ali Sheikh. The company operates from an undisclosed headquarters as a distributed team and is privately held with no disclosed institutional investors or VC funding rounds.

Name

Move Industries

Legal name

Move Industries

Website

https://moveindustries.xyz

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Move Industries is a private blockchain infrastructure company operating as the core contributor to the Movement Network, an independent Layer 1 blockchain built on the Move programming language. It issues the USDCx stablecoin and targets Global South consumers and crypto-native builders seeking low-cost stablecoin payments and DeFi infrastructure across 30+ blockchains.

Ownership category

akta.pro rank

Product category

Layer 1 Blockchain Platform

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading) (FSAPADAJ)

Keywords

• Layer 1 blockchain
• Move programming language
• Stablecoin payments
• Blockchain infrastructure
• Decentralized finance

Headquarters

HQ city

Not specified

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Stablecoin Infrastructure: Movement operates as a Layer 1 blockchain network facilitating stablecoin payments and DeFi applications. Revenue is derived from network transaction fees and ecosystem growth, targeting near-zero-fee transactions for consumers in the Global South.
2. Ecosystem Token (MOVE): MOVE token was previously allocated to investors; the company conducted a token buyback repurchasing approximately 19% of investor-allocated tokens (4.2% of total supply). Token economics support network operations and ecosystem incentives.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Move Industries operates Movement Network (M1 Mainnet), a Layer 1 blockchain built on the Move programming language with parallel execution and EVM compatibility. The network supports the USDCx stablecoin for fast, near-zero-fee cross-border payments and hosts DeFi protocols targeting emerging market users in Africa, Asia, and Latin America.

Product overview

Move Industries is building the Move-based blockchain ecosystem centered on the Movement Network, an independent Layer 1 blockchain that pivoted from Ethereum Layer 2 to a fintech-focused stablecoin payment network for emerging markets. The core product portfolio includes M1 Mainnet (the live blockchain infrastructure with parallel execution), USDCx (a native stablecoin fully backed by USDC via Circle's xReserve contract), and various builder tools supporting Mobile, ConsumerFi, RWAs, Payments, Stablecoins, and DeFi applications.

Differentiator

Problem solved

Functional benefit

Brands

• Movement Network: Layer 1 blockchain ecosystem built by Move Industries, focused on stablecoin payments for emerging markets
• USDCx
• M1 Mainnet

Products and services

• Movement Network (M1 Mainnet) A Layer 1 blockchain built on the Move programming language featuring parallel transaction execution, EVM compatibility, and bridges to Ethereum L2s. Designed for DeFi protocols and consumer payments in emerging markets.
• USDCx A USD-pegged stablecoin issued on Movement Network via Circle's Cross-Chain Transfer Protocol (CCTP). Built for near-zero-fee consumer payments, remittances, and merchant settlement across emerging markets, and distributed through partner wallets such as KAST, Sorted, and Oro.

Quantifiable outcome

• Near-zero-fee transactions for consumers in Global South
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Circle (USDC)coreTechnology or Integration · 2 June 2026Movement secured partnership with Circle to support USDC stablecoin integration. USDCx is natively issued on Movement's M1 Mainnet, fully backed 1:1 by USDC held in Circle xReserve smart contract. Integration enables cross-chain connectivity via Circle CCTP and Circle Gateway across 30+ blockchains.
• KASTcoreTechnology or Integration · 2 June 2026Wallet provider partnership to support adoption and user custody for stablecoin payments on Movement Network.
• SortedcoreTechnology or Integration · 2 June 2026Wallet provider partnership to support adoption and user custody for stablecoin payments on Movement Network.
• OrosupportingTechnology or Integration · 2 June 2026Tokenizer partnership to support merchant payments infrastructure on Movement Network for emerging markets.
• MeridiancoreTechnology or IntegrationMeridian is a liquidity hub building on Movement, providing deepest pools and best prices with least slippage for trading on the Movement DeFi ecosystem. The partnership involves collaboration and opportunity within the Movement ecosystem.
• MovePositioncoreTechnology or IntegrationMovePosition is a borrow-lend application (money market) on Movement with an institutional-grade risk engine that analyzes portfolio composition based on correlation scores and volatility risk. The project participates in DeFi Spring/Summer incentive programs.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Polygon Labs: Polygon operates a high-throughput EVM-compatible chain ecosystem and has been actively positioning for stablecoin payments and tokenization, making it a broader incumbent competing for the same developer and enterprise payment workloads as Movement.
• Ripple Labs: Ripple operates a global cross-border payments network (and recently launched an RLUSD stablecoin) used by financial institutions across emerging markets; it competes with Movement for the same cross-border, stablecoin-mediated remittance flows at much larger scale.
• Solana Labs: Solana is a high-throughput Layer 1 blockchain that has absorbed significant stablecoin and payments volume and is the dominant non-EVM performance L1 that Movement must compete with for the same on-chain financial workloads.

Direct peers

• Stellar Development Foundation: Stellar is a payments-focused blockchain optimized for cross-border transactions and stablecoin issuance targeting the same emerging-markets remittance corridors Movement is pursuing, with comparable low-fee stablecoin payment rails.
• Aptos Labs: Aptos is a Layer 1 blockchain built on the Move programming language with parallel execution, targeting similar DeFi and payments use cases; it is the closest direct competitor to Movement as both share MoveVM architecture and pursue on-chain financial applications.
• Mysten Labs (Sui): Sui is a Move-based Layer 1 blockchain designed for high-throughput, low-latency financial applications, making it the most direct technical and product competitor to Movement's M1 Mainnet.
• cLabs (Celo): Celo is a mobile-first Layer 1 blockchain explicitly designed for global payments and financial inclusion in emerging markets, targeting near-identical use cases (low-fee stablecoin remittances, real-world asset tokenization) as Movement's Global South strategy.

Regional players

• Yellow Card: Yellow Card is a leading Africa-focused stablecoin on/off-ramp and payments platform that pairs with Movement's Sub-Saharan Africa mobile-finance initiative and represents the type of regional partner or competitor Movement will encounter in Global South corridors.

Others

• Circle Internet Group: Circle is the issuer of USDC and Movement's strategic counterparty for USDCx; it is not a direct competitor but its CCTP, Gateway, and xReserve rails define the infrastructure layer Movement builds on top of, and it could launch competing L1 settlement products itself.

Emerging players

• Ondo Finance: Ondo is a leading tokenized-real-world-asset and dollar-yield platform operating across multiple chains; it overlaps with Movement's RWA and stablecoin-backed yield ambitions from a more application-layer perspective.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/movement_xyz
• LinkedInlinkedin.com/company/movementxyz

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Move Industries