Dexlab, a token minting platform, has completed a private funding round in order to create a gateway to the Solana ecosystem.
With the help of grants from Solana and Eco Serum, as well as the participation of leading blockchain VCs, $1.44 million was raised. Dexlab is the creator of the Minting Lab, a turnkey solution for token issuance, management, and smart contract deployment.
Among the investment firms that have supported Dexlab’s vision of a decentralised exchange and token minting framework on Solana are Parataxis Capital, Genesis Block Ventures, CMS, and NGC Ventures. Ledger Prime, Arca, Bixin, DFG, Sonic Capital, members of Race Capital, VTG, Evernew Capital, Genblock, Rok Capital, Dragon Roark, 499Block, Cryptomeria Capital, Axia8 Ventures, M6, and PetRock Capital are among the other backers.
“I’m grateful to all of our investors for seeing the same potential in Solana that we did, and for believing that Dexlab is the best team to make this a reality,” said Dennis Lee, Dexlab’s Founder and CEO. “We are excited about the future of decentralised finance on Solana, and we look forward to assisting projects in using the Minting Lab as a launching pad for exploring the many possibilities for token issuance and smart contract creation.
“Dexlab‘s ‘Decentralized Finance as a Service’ platform is tailored for the Asian market, which is also where GBV has its roots,” Leslie, co-founder of GBV, added. With the addition of Serum, Dexlab becomes a powerful “lego” in the global effort to make financial services more equitable.
In addition to funding Dexlab’s token issuance solution, many of the startup’s backers will provide mentorship in areas such as business development, hiring, treasury, and financial management.
The Dexlab team, based in Korea, will be responsible for onboarding new projects to Solana in the Asian region. Dexlab provides a critical onramp for developers seeking to create new defi primitives anchored by native tokens with strong fundamentals by lowering the barriers to entry into the Solana ecosystem. This will strengthen network effects and align user incentives
Dexlab’s intuitive GUI with beautiful UX/UI allows users to easily interact with Solana’s CLI. This allows users to coinage, manage, and list SPL tokens and NFTs with a simple one-click solution that eliminates the need for coding
Dexlab’s Background – Solana
SPL tokens can be minted and listed on Dexlab, a decentralised exchange. It includes a plethora of powerful defi tools as well as an advanced GUI for creating SPL tokens. Users can use the Minting Lab to manage all aspects of token issuance as well as the deployment of plug-and-play smart contracts.
