Camino Network Integrates Fireblocks To Bring Direct Connectivity to Its Token Holders
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 to manage digital asset operations and build innovative businesses on blockchain. Camino Network users will be able to connect and trade with more than 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, governed by leading members of the travel industry. 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 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 completion of the public sale.
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 prior to the planned Exchange listing in Q4 2024, CAM continues to attract a significant amount of 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 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 partners from the Ecosystem are already offering perks for CAM holders as well such as discounts, loyalty programs and offer the possibility to pay 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 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.
Learn more: https://camino.network/