Zug, Switzerland, September 30th, 2024, Chainwire
Camino Network, a blockchain-based infrastructure for the travel industry, is excited to announce its integration with Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain. On the Fireblocks Network, Camino Network users can connect and trade with more than 2,000 liquidity partners, trading venues, and counterparties.
Camino Network is a Layer-1 blockchain ecosystem designed to support a wide range of travel-related products and real-world use cases governed by leading travel industry members. With several dApps already live, including the hotel booking platform Sleap, and over 200 major global travel companies onboard—such as TUI, Lufthansa, and Sixt—Camino Network has established a new digital infrastructure for travel. This network offers a decentralized alternative to the oligopolistic structures that have dominated the travel industry for decades, driving innovation and competition across the sector.
Fireblocks delivers a secure infrastructure for moving, storing, and issuing digital assets, having secured the transfer of over $6 trillion in digital assets. By leveraging Fireblocks, Camino Network will make the CAM token available to diverse stakeholders while giving travel industry companies the confidence to explore the benefits of Web3 technology. Following the completion of the public sale, it will also aid critical milestones on the Camino Network roadmap, including exchange listings.
Thomas Stirnimann, Council President of Camino Network, said: “In light of the recent growth of the Camino Network ecosystem, it has become increasingly evident that there is a demand for a trustworthy custodial solution for CAM token holders. By working with Fireblocks, we have access to more than 30 renowned crypto exchanges and trading partners with one integration. Additionally, the custody technology solution provided by Fireblocks is the most secure and powerful digital asset treasury management offering in the market.”
Camino Network’s native CAM token is set to launch imminently following a highly successful seed financing round and pre-sale that saw strong demand from travel ecosystem participants, raising more than 8.8 million Swiss francs (CHF). With its active institutional sale before the planned Exchange listing in Q4 2024, CAM continues to attract significant interest, highlighting the urgent need for a best-in-class custodial solution for early participants.
CAM plays a vital role within the network. As its native cryptocurrency, CAM facilitates transactions, incentivizes validator participation, solves B2B distribution challenges, and makes Web3 technologies more accessible to organizations through a robust economy designed for the travel sector. Several partners from the Ecosystem are already offering perks for CAM holders, such as discounts and loyalty programs and the possibility of paying for services with Camino Token.
Richard Astle, VP Business Development, Fireblocks Network, added: “By leveraging the Fireblocks Network, Camino Network’s users will be able to seamlessly access the most connected digital trading ecosystem on the market with over 2,000 institutional counterparties and further elevate the global web3 travel ecosystem.”
About Camino Network
Camino Network is the Layer 1 blockchain explicitly built for the travel industry. Operated by a consortium of industry leaders, Camino transforms the distribution landscape and solves connectivity challenges in the multi-trillion-dollar travel sector. Backed by 200+ brands, 100+ validators, and over $10 million in funding, Camino is driving the future of Web3 travel.
Learn more here.
Avishay Litani
Disclaimer: This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication. NOTHING IN THIS CRYPTO-ASSET MARKETING COMMUNICATION CONSTITUTES A PROSPECTUS OF ANY KIND, AN INVESTMENT OR INVESTMENT ADVICE SOLICITATION, OR AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION”.
