Xurpas ventures into blockchain

MANILA, Philippines — ODX Pte., a wholly owned subsidiary of listed technology firm Xurpas Inc., has lined up several partners and advisors for its blockchain technology venture.

Incorporated in Singapore, ODX intends to use blockchain technology to provide free internet access to emerging market mobile consumers.  It plans to sell up to $100 million worth of utility tokens.

“We believe that blockchain is a revolutionary technology, with far reaching benefits to companies, governments and end-consumers alike, and ODX will be a prime example of this,” said Xurpas chairman Nico Jose Nolledo.

 Nolledo said ODX’s list of supporters include Brock Pierce, chairman of the Bitcoin Foundation; Christian de Faria, former chairman of Bharti Airtel International; Alexander Shulgin, known as the “Godfather of Russian Blockchain”; Randy Kaplan, co-founder of internet giant Akamai; as well as other major players like Pantera Capital, DNA, Wavemaker Genesis, Right Click Capital and Strong Ventures.

Xurpas likewise revealed plans to launch a number of other blockchain projects that will complement the company’s existing businesses.