Hassan Maishera
Camino Network, a blockchain-based infrastructure for the travel industry, announced on Monday, September 30th, that it has integrated with Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain.
In a press release shared with Cryptowisser, Camino Network said its users can connect and trade with over 2,000 liquidity partners, trading venues, and counterparties on the Fireblocks Network.
Camino Network is a Layer-1 blockchain ecosystem designed to support a wide range of travel-related products and real-world use cases. It is governed by leading travel industry members.
The network houses several dApps, including the hotel booking platform Sleap, and has over 200 major global travel companies onboard, such as TUI, Lufthansa, and Sixt. It 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.
Fireblock provides a secure infrastructure for moving, storing, and issuing digital assets, having secured the transfer of over $6 trillion in digital assets. By taking advantage of Fireblocks’ infrastructure, Camino Network will make the CAM token available to a diverse range of stakeholders while giving travel industry companies the confidence to explore the benefits of web3 technology. It will also aid key milestones on the Camino Network roadmap, including exchange listings, following the completion of the public sale.
While commenting on this latest development, 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.”
The team further revealed that its native CAM token will 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).
CAM is instrumental to the Camino Network. As its native token, CAM is used to facilitate transactions, incentivize participation for validators, solve B2B distribution challenges, and make Web3 technologies more accessible to organizations through a robust economy designed for the travel sector.
Several Camino Network partners already offer incentives for CAM holders, including discounts and loyalty programs and the possibility of paying for services with Camino Token.
Richard Astle, VP of Business Development, Fireblocks Network, also commented that,
“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.”
Camino Network is the Layer 1 blockchain built specifically 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.
