Crypto KOL revealed that the team behind xStocks is the original DAOStack team, which once led the $30 million ICO token project

Odaily News Crypto KOL @cryptobraveHQ posted on the X platform that the team behind xStocks is the original zero-return project DAOStack. According to the relevant information of Backed, the Israeli development company behind XStocks, its first three co-founders were all co-founders of DAOStack in their previous cryptocurrency entrepreneurial experience, and DAOStack basically stopped updating and operating in 2020. After its token GEN ICO raised about 30 million US dollars, the team was too lazy to even go to a small exchange, and just let the token return to zero after issuing it. The DAOStack team then started a business @xStocksFi, which was mainly driven by investors such as Coinbase. This wave of cryptocurrency-stock narrative hit the vent and became a U.S. stock tokenization company in cooperation with @krakenfx and @Bybit_Official and Infra on the Solana chain.