Nasdaq NCT has announced the strategic acquisition of Starks Network (zCloak) to enter the on-chain digital asset infrastructure.

BlockBeats News, December 8th, according to official sources, Intercont (Cayman) Limited (Nasdaq: NCT) announced that it has signed a letter of intent for acquisition with Singapore Web3 technology company Starks Network Ltd, acquiring less than 50% of its minority shares, and jointly promoting the development of the zCloak Network project, formally advancing towards on-chain digital asset infrastructure layout.

The zCloak Network is known for its AI digital identity, enterprise-grade self-custody wallet, stablecoin payment, and AI encryption payment technology, and has received investments from top institutions such as Coinbase Ventures. The two parties will collaborate to apply Web3 technology to the digital transformation of payments and business processes in shipping trade, accelerating industry intelligence upgrading.

NCT and Starks stated that this acquisition is an important step to drive the group's long-term strategy and explore cross-industry layout. The two parties will jointly promote the landing of enterprise-grade Web3 technology in the global shipping and trade sector.