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Intercont (Cayman) Limited Announces Strategic Acquisition of Singapore-Based Web3 Innovator Starks Network Ltd, Strengthening Its Position in On-Chain Digital Asset Infrastructure
Globenewswire· 2025-12-08 14:20
Core Insights - Intercont (Cayman) Limited has entered into a Memorandum of Understanding to acquire a minority stake in Starks Network, aiming to co-develop the zCloak Network, which integrates maritime services with blockchain technology [1][8]. Company Overview - Intercont (Cayman) Limited is a global carbon-neutral shipping company focused on innovative and environmentally friendly transportation solutions [11]. - Starks Network is a Singapore-based Web3 technology service provider with strong competitive advantages in the global Web3 ecosystem, particularly through its Project zCloak Network [2]. Project zCloak Network - zCloak Network offers proprietary frameworks and compliance-forward infrastructure, including AI identity solutions, self-custodial wallets, stablecoin payment systems, and AI-powered crypto payment technologies [2]. - The project has received grants from Hong Kong Cyberport incubation programs and investments from top-tier venture capital firms, indicating robust investor support [2]. Market Trends - The global adoption of stablecoin-based payment systems has rapidly accelerated, with transaction volumes surpassing the combined annual processing volume of Visa and Mastercard in 2024 [5]. - McKinsey projects that the growth rate of stablecoin transactions could exceed that of legacy payment volumes within a decade, highlighting strong demand for secure and compliant wallet solutions [6]. Financial Landscape - BlackRock reported $13.46 trillion in assets under management in Q3 2025, reflecting early participation from major financial institutions in the digital asset market [7]. - The digital asset market capitalization surged from $5 billion in 2022 to over $25.5 billion by July 2025, representing a growth of approximately 410% [7]. Strategic Implications - NCT's acquisition of zCloak is a strategic move to expand into the digitization of real-world assets and reinforce its leadership in global shipping services [8]. - The partnership aims to accelerate enterprise adoption of Web3 technologies, with potential revenue generation in the range of $30–40 million annually from privacy-preserving identity and compliance verification solutions [10].
BLAQclouds, Inc. Provides Update on OTC Markets Yield Sign and Filing Corrections
Prism Media Wire· 2025-11-25 13:02
BLAQclouds, Inc. Provides Update on OTC Markets Yield Sign and Filing Corrections Key TakeawaysYield Sign Trigger Resolved — Blaqclouds corrected a share-count mismatch in its quarterly report and submitted an amended filing now under OTC review.Transition Beyond Legacy Management — This is the final filing containing any data from previous leadership; all future disclosures reflect the current team’s structure and technology.Strengthened Transparency & Q4 Profit Push — Despite prior management’s issuance ...