Nasdaq NCT announces strategic acquisition of Starks Network to enter on-chain digital asset infrastructure

Intercont (Cayman) Limited (NASDAQ: NCT) announced that it has signed a letter of intent to acquire a minority stake of less than 50% in Singapore Web3 technology company Starks Network Ltd, and will jointly promote the development of the zCloak Network project, officially moving towards the layout of on-chain digital asset infrastructure.

The zCloak Network is known for its AI digital identity, enterprise-grade self-custody wallets, stablecoin payments, and AI encryption payment technology, and has received investment from top institutions such as Coinbase Ventures. The two parties will collaborate to apply Web3 technology to the digital transformation of payment and business processes in shipping and trade, accelerating the intelligent upgrade of the industry. NCT and Starks stated that this acquisition is an important step in promoting the group's long-term strategy and exploring cross-industry layouts. Both parties will work together to promote the implementation of enterprise-grade Web3 technology in the global shipping and trade sectors.