The Hong Kong-listed company "Daren International" has signed a memorandum of understanding with FLock Technology Holdings, potentially incorporating FLOCK into its strategic token reserves

ChainCatcher news, according to PRNewswire, the Hong Kong-listed company "Daren International" announced the signing of a non-binding memorandum of understanding with FLock Technology Holdings. The two parties will collaborate to develop privacy-preserving artificial intelligence solutions and consider future strategic expansions, including the potential incorporation of the FLOCK token into "Daren International's" strategic token reserves.

FLock stated that the collaboration with "Daren International" marks a key step in expanding its privacy-preserving AI technology from highly regulated industries such as healthcare and finance to the consumer manufacturing and apparel supply chain. "Daren International" has a strong distribution and manufacturing foundation in the Southeast Asian apparel and gifts industry.