According to LinkedIn, the three co-founders of Backed Finance, the company behind the recently popular stock tokenization issuer xStocks, all had their last work experience from the now-defunct DAOstack. According to ICO Drops data, DAOstack raised nearly $30 million in private rounds, pre-sales and ICOs from Q4 2017 to May 2018. At the end of 2022, DAOstack announced its closure because it had run out of funds. H/T: @cryptobraveHQ

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