Intercont (Cayman) Limited (Nasdaq: NCT) disclosed a letter of intent to acquire a non-controlling stake in Starks Network Ltd, a Singapore-based Web3 technology company. The agreement aims to jointly advance the zCloak Network and its on-chain digital asset infrastructure roadmap, reinforcing the group’s digital asset strategy.

The zCloak Network platform features AI-driven digital identity, an enterprise-grade self-custody wallet, and AI encryption payment capabilities, with investments from Coinbase Ventures. The collaboration targets applying Web3 technology to the digital transformation of payments and processes in shipping and trade, accelerating industry intelligence.

Management described the acquisition as a meaningful step toward the group’s long-term strategy and cross-industry expansion, with both parties pursuing deployment of enterprise-grade Web3 technology in the global shipping and trade sector.