Delegated proof-of-stake blockchain Kalima has entered into an agreement with ABO Digital, a private alternative funding group based in the Bahamas and Dubai.

This significant partnership involves a commitment of US$10 million to the French-based blockchain company. Kalima has also released details of its KLX token sale.

Kalima is a rapidly growing ecosystem that allows businesses, developers, and startups to build web3 enterprise and data governance applications, with a focus on IoT (Internet of Things) data in order to solve real-world problems.

Kalima CEO André Legendre said: “The funding commitment from ABO Digital marks a significant milestone for Kalima, which plans to utilize the funds to further innovate and refine IoT solutions to revolutionize industries and drive digital transformation. The arrangement with ABO Digital will enable Kalima to enhance its IoT blockchain solutions for industrial companies and bolster strategic partnerships within the IoT and blockchain ecosystem.”

“We are excited to work with the Kalima team going forward,” said Amine Nedjai, CEO of ABO Digital. “Kalima’s innovative approach and expertise in web3 enterprise applications align perfectly with our commitment to driving technological advancements in enterprise blockchain solutions.”