Intercont (Cayman) Limited Announces Strategic Acquisition of Singapore-Based Web3 Innovator Starks Network Ltd, Strengthening Its Position in On-Chain Digital Asset Infrastructure

Core Viewpoint - Intercont (Cayman) Limited has entered into a Memorandum of Understanding to acquire a minority stake in Starks Network Ltd, aiming to co-develop the zCloak Network, which integrates maritime services with blockchain technology [1][6]. Company Overview - Intercont (Cayman) Limited is a global carbon-neutral shipping company focused on innovative and environmentally friendly transportation solutions [9]. - Starks Network, based in Singapore, is a leading Web3 technology service provider with strong competitive advantages in the global Web3 ecosystem [2]. Project zCloak Network - zCloak Network is recognized for its proprietary frameworks and compliance-forward infrastructure, which includes AI identity, self-custodial wallets, and stablecoin payment systems [2]. - The project has received support from the Hong Kong Cyberport incubation programs and investments from top-tier venture capital firms, indicating robust investor confidence [2]. Market Trends - The global adoption of stablecoin-based payment systems has rapidly accelerated, with transaction volumes surpassing those of Visa and Mastercard in 2024, marking a significant shift in financial infrastructure [5]. - The digital asset market capitalization has increased from $5 billion in 2022 to over $25.5 billion by July 2025, reflecting a growth of approximately 410% [5]. Strategic Implications - The acquisition of zCloak is a strategic move for NCT to expand into the digitization of real-world assets and enhance its leadership in global shipping services [6]. - NCT plans to leverage zCloak's infrastructure to develop standardized and compliant on-chain asset solutions, targeting high-value verticals in the market [8]. Leadership Perspective - The partnership between NCT and Starks Network is described as a convergence of tradition and innovation, aiming to re-imagine themes of contract and wealth through Web3 technology [7]. - NCT's CEO highlighted the potential for significant revenue generation in privacy-preserving identity and compliance verification, with leading infrastructure providers achieving annual revenues in the range of $30–40 million [8].