In this post:
- The Camino Network, the travel industry blockchain, partnered with Fireblocks on September 30.
- The collaboration will connect Camino’s $CAM holders to over 2K liquidity partners in the Fireblocks ecosystem.
- $CAM generated over 8.8M CHF (Swiss Francs) in pre-sale ahead of exchange listing in Q4 2024.
Camino Network, an L1 travel industry protocol, announced that it would join forces with the enterprise platform Fireblocks to expand its digital asset operations and management. Camino disclosed that its $CAM holders could connect and trade with over 2,000 counterparties, liquidity partners, and venues on the Fireblocks network.
The Layer 1 travel industry blockchain asserted that its protocol was designed to support a variety of travel-related real-world use cases and products. Camino mentioned that its operations were governed by leading travel industry stakeholders. Camino disclosed that it had established an innovative travel digital infrastructure through several live dApps like the Sleap hotel booking platform. Over 200 major global travel companies, such as Sixt, TUI, and Lufthansa, had already been onboarded according to the L1 travel protocol.
Camino and Fireblocks revolutionize the travel industry
Camino said its partnership with Fireblocks would drive innovation and competition across the sector by offering a decentralized alternative to ‘the oligopolistic structures’ dominating the travel industry.
Fireblocks would deliver a secure infrastructure to support digital asset movement, storage, and issuance. Caminos’s statement claimed that the Fireblocks ecosystem had securely transferred over $6 trillion worth of digital assets.
Richard Astle, VP of Business Development at Fireblocks Network, stated that Camino’s users would be able to access the market’s most connected digital trading ecosystem and further enhance Web3 by leveraging the Fireblocks Network.
“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.”
- Thomas Stirnimann, Council President of Camino Network
Camino affirmed that it would make $CAM available to various stakeholders by leveraging Fireblocks to boost the confidence of travel industry companies in Web3 technology. Stirnimann claimed that the custody technology solution Fireblocks provided would be the most secure and powerful digital asset market offering for treasury management.
Camino offers more utility for $CAM token
The statement revealed that the Camino Network’s native $CAM token would imminently be launched following a successful seed funding round and pre-sale. The pre-sale raised over $8.8 million Swiss Francs (CHF), indicating strong demand from travel ecosystem members. Camino mentioned that its $CAM token had attracted huge interest ahead of its scheduled exchange listing in the last quarter of 2024.
Camino also reiterated that $CAM would play a key role within the network. $CAM would incentivize validator participation, make Web3 more accessible to the travel sector’s robust economy, and solve B2B challenges in distribution.
Some of the ecosystem’s partners already offered perks like loyalty programs and discounts for $CAM holders to encourage payments with $CAM tokens.
