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TravelX Raises $10M to Launch Multichain Distribution Protocol
The protocol for the travel industry tokenizes inventory for airlines and suppliers.
By Brandy Betz
Updated May 11, 2023, 7:18 p.m. Published Mar 15, 2022, 1:00 p.m.
TravelX, which is building a blockchain-based distribution protocol for the travel industry, announced a $10 million seed funding round led by Borderless Capital.
- The funding will go toward expanding the TravelX team and marketing the launch of its first product later this year, TravelX CEO Juan Pablo Lafosse told CoinDesk.
- Other participants in the round, which closed in November, included Algorand, Draper Cygnus, Myelin Capital and Monday Capital.
- Founded in 2021, TravelX is developing a distribution protocol that allows airlines and travel suppliers to tokenize their inventory and distribute it to different channels for new methods of distribution and use cases.
- The company says travelers will benefit from point-of-sale advantages such as easier travel changes, cancellations, transfer and sales of tokenized inventory.
- The multi-chain protocol is on Ethereum, Polygon and Algorand, with plans to add Solana in the future, TravelX co-founder Facundo Diaz told CoinDesk.
- “Blockchain technology introduces disruptive new value propositions and sources of efficiency for both suppliers and consumers of the travel industry. I am aligned with this team’s mission of bringing the industry into the new distributed world and excited to work with these experienced airline and travel executives,” Barney Harford, TravelX advisor and former CEO of travel company Orbitz Worldwide, said in a press release.
Read more: DeFi Platform Thetanuts Finance Raises $18M Seed Funding to Fuel Growth
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
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Brazil’s Largest Asset Manager Recommends Investors Put Up to 3% of their Money in Bitcoin to Hedge Against FX, Market Shocks
The recommendation is in line with other global asset managers like BlackRock and Bank of America suggesting small portfolio allocations to the largest cryptocurrency.
Bilinmesi gerekenler:
- Itaú Asset Management recommends Brazilian investors allocate 1-3% of portfolios to bitcoin for diversification, citing its low correlation with traditional assets.
- The recommendation is a measured approach, suggesting a small, steady exposure to bitcoin as a complementary asset.
- In a year-end analyst’s note, the firm called for a disciplined, long-term mindset, warning against market timing and suggesting that a small allocation can act as a partial hedge and offer access to global returns.
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