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

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HONG KONG, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Intercont (Cayman) Limited (Nasdaq: NCT)(“NCT” or “the Group”), a global carbon-neutral shipping company, announced that, it has entered into a Memorandum of Understanding (MOU) to acquire a less than 50% minority stake of Starks Network Ltd (“Starks Network” or “the Company”) , a leading Singapore-based Web3 technology service provider and will co-develop the Project zCloak Network (“zCloak”). This strategic agreement marks a significant milestone, positioning NCT and zCloak to jointly advance the integration of maritime services and blockchain technology. Starks Network, incorporated in the Cayman Islands with operational headquarters in Singapore, has established strong competitive advantages in the global Web3 ecosystem with Project zCloak Network. The company’s proprietary frameworks and compliance-forward infrastructure span AI identity, enterprise self-custodial wallets, stablecoin payment systems, and AI-powered crypto payment technologies. These differentiated capabilities create substantial barriers to entry and have earned zCloak grant by official Hong Kong Cyberport incubation programs, as well as investments from top-tier venture capital firms including Coinbase Ventures. zCloak is widely regarded as a high-growth technology leader with robust investor support. zCloak Network Vision The global adoption of stablecoin-based payment systems has accelerated rapidly. With the static by Stablecoin Insider, worldwide stablecoin transaction volume has surpassed the combined annual processing volume of Visa and Mastercard in 2024—an inflection point signaling stablecoins’ emergence as critical financial infrastructure.[1] Meanwhile, McKinsey points out the growth rate of stablecoin transaction is in accelerating tendency and could surpass legacy payment volumes in less than a decade. On that basis, as on-chain payment matures, institutional and enterprise clients continue to demonstrate strong demand for secure, extensible, and compliant wallet solutions.[2] BlackRock reported $13.46 trillion in assets under management (AUM) in Q3 2025, underscoring the early participation of major financial institutions.[3] Meanwhile, the overall digital asset market capitalization surged from $5 billion in 2022 to over $25.5 billion by July 2025, representing growth of approximately 410%.[4] As digital assets become a central ...

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