Nasdaq NCT announces strategic acquisition of Starks Network (zCloak), entering the on-chain digital asset infrastructure sector

According to Bijie Network, on December 8, 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. The two parties will jointly advance the development of the zCloak Network project, officially moving towards the deployment of on-chain digital asset infrastructure. zCloak Network specializes in AI digital identity, enterprise-grade self-custody wallets, stablecoin payments, and AI-encrypted payment technology, and has received investment from top institutions such as Coinbase Ventures. The two companies will collaborate to apply Web3 technology to the digital transformation of payments and business processes in shipping and trade, accelerating the industry’s intelligent upgrade. NCT and Starks stated that this acquisition is an important step in promoting the group’s long-term strategy and exploring cross-industry deployments. The two sides will work together to advance the adoption of enterprise-level Web3 technology in the global shipping and trade sectors.