The DAOStack team's new project xStocks has reached cooperation with exchanges such as Kraken and Bybit

ChainCatcher news, according to Crypto Brave analysis, the xStocks project originally founded by the core team of DAOStack has recently reached cooperation with exchanges such as Kraken and Bybit to provide tokenized infrastructure services for US stocks on the Solana chain. DAOStack raised approximately $30 million through an ICO in 2019, but gradually ceased operations due to the stagnation of the DAO sector.

It is reported that the xStocks development company Backed is led by an Israeli team and has received investments from institutions such as Coinbase. The project is currently focused on the integration of cryptocurrency and traditional financial assets.