Wu learned that according to LinkedIn, the previous work experiences of the three members of Backed Finance, the company behind xStocks, the stock tokenization issuer, all came from the discontinued DAOstack. According to ICO Drops data, DAOstack raised nearly $30 million through private equity, pre-sale, and ICO rounds from Q4 2017 to May 2018, with financing prices of $0.708, $0.856, and $0.9423, respectively. The private equity round raised $21.909 million, with participating institutions including Cultu re, Endor Protocol, Gnosis, and Menlo One; Pre sale round financing of 4.69 million US dollars; ICO round raised $3.4 million. At the end of 2022, DAOstack announced its closure as it had already used up the funds raised through the GEN token sale in 2018. H/T: @cryptobraveHQ https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44883