Camino Network, a blockchain-based infrastructure for the travel industry, is thrilled to announce its collaboration with Fireblocks, an enterprise platform for managing digital asset operations and developing creative businesses on blockchain. Users of the Camino Network will have access to over 2,000 trading venues, counterparties, and liquidity partners on the Fireblocks Network, with whom they may trade.
Leading players in the travel industry oversee Camino Network, a Layer-1 blockchain ecosystem built to serve a variety of travel-related products and real-world use cases. Camino Network has created a new digital travel infrastructure with over 200 key global travel businesses on board, including TUI, Lufthansa, and Sixt, and numerous dApps currently operational, such as the hotel booking platform Sleap. This network encourages innovation and competition across the travel industry by providing a decentralized alternative to the oligopolistic arrangements that have controlled the market for decades.
With over $6 trillion in digital assets transferred securely, Fireblocks provides a safe infrastructure for transferring, storing, and issuing digital assets. Through the use of Fireblocks, Camino Network will enable a wide variety of stakeholders to access the CAM token and provide the trust necessary for travel sector organizations to investigate the potential advantages of web3 technology. It will also support significant advancements on the Camino Network agenda, such as exchange listings when the public sale is finished.
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.”
After a very successful seed fundraising round and pre-sale that witnessed tremendous demand from players in the travel ecosystem and raised more than 8.8 million Swiss francs (CHF), Camino Network’s native CAM token is scheduled to debut shortly. CAM continues to draw a lot of interest despite its aggressive institutional sale ahead of its scheduled Exchange listing in Q4 2024, underscoring the pressing need for a best-in-class custodial solution for early investors.
CAM is an essential component of the network. With a sophisticated economy tailored to the travel industry, CAM, the company’s native cryptocurrency, is utilized to ease transactions, reward validators for their involvement, resolve B2B distribution issues, and increase the accessibility of Web3 technologies for businesses. A number of Ecosystem partners have already begun providing benefits to CAM holders, including loyalty plans, discounts, and the ability to pay for services using Camino Tokens.
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.”
Specifically designed for the tourism sector, Camino Network is a Layer 1 blockchain. Run by a group of top business executives, Camino changes the way distribution is done and addresses connectivity issues in the multi-trillion dollar travel industry. With more than 100 validators, 200 companies, and $10 million in funding, Camino is spearheading the development of Web3 travel in the future.
Visit https://camino.network to learn more.
