Camino Network, a decentralized infrastructure platform for the travel industry, shared details of the integration with Fireblocks, an enterprise digital asset management platform. The collaboration is an important milestone for the CAM token ecosystem.
Camino Network L1 blockchain now seamlessly integrated with Fireblocks
According to the official statement from the two teams, Camino Network and Fireblocks have entered into a long-term strategic partnership in technology and marketing. As a result, Camino Network’s L1 will be available to more than 2,000 liquidity partners affiliated with Fireblocks.
When every travel ticket is an #NFT, web3 will seamlessly accommodate 1.3 billion international travelers.
Camino Network provides the infrastructure for this paradigm shift. pic.twitter.com/xVthqi9rg9
— Camino Network (@camino_network) September 27, 2024
Thanks to Fireblocks integration, Camino Network is ready to expand its offering in the segment of blockchain-based infrastructure for the tourism sector.
It is designed to support a wide range of travel-related products and best practices, managed by leading members of the travel industry. With several dApps already live, including hotel booking platform Sleap, and more than 200 major global travel companies on board – such as TUI, Lufthansa and Sixt – Camino Network has established a new digital infrastructure for travel.
Thomas Stirnimann, Chairman of Camino Network, emphasizes the importance of the collaboration for the advancement of his product:
In light of the recent growth of the Camino Network ecosystem, it has become increasingly clear that there is a demand for a reliable custody solution for CAM token holders. Working with Fireblocks gives us access to more than 30 renowned crypto exchanges and trading partners with one integration. Furthermore, the custody technology solution provided by Fireblocks is the most secure and powerful digital asset management offering on the market.
For industry heavyweights and newcomers, Camino Network offers a decentralized alternative to the oligopolistic structures that have dominated the travel industry for decades, driving innovation and competition across the industry.
Fireblocks makes CAM accessible to stakeholders worldwide
Richard Astle, VP Business Development at Fireblocks, is confident that the collaboration will unlock new opportunities for all parties involved:
By leveraging the Fireblocks Network, Camino Network users will be able to seamlessly access the most connected digital trading ecosystem in the market with more than 2,000 institutional counterparties and further enhance the global Web3 travel ecosystem.
Working with its new partner, Camino Network will make the CAM token available to a wide range of stakeholders, while giving companies in the travel industry the confidence to explore the benefits of Web3 technology. It will also support key milestones on the Camino Network roadmap, including stock market listings, following the completion of the public sale.
With active institutional sales ahead of its planned listing on the exchanges in Q4 2024, CAM continues to attract a significant amount of interest, highlighting the urgent need for a best-in-class custody solution for early participants.