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The stock tokenization platform xStocks' founding team comes from the bankrupt project DAOstack.
According to Gate News bot, the LinkedIn profile shows that the three co-founders of the stock tokenization platform xStocks, the operating company Backed Finance, previously worked together at DAOstack.
The three co-founders are: former DAOstack co-founder Adam Levi Ph.D., former DAOstack Chief Operating Officer Yehonatan Goldman, and Roberto Klein, who was responsible for legal and regulatory affairs at DAOstack.
According to ICO Drops data, DAOstack raised approximately $30 million through multiple rounds of financing from the fourth quarter of 2017 to May 2018. The project ultimately ceased operations at the end of 2022 due to depleted funds.