Seoul FinTech Lab, an incubator for fintech firms funded by the Seoul metropolis authorities, introduced a partnership with its Korean arm. $XRP Ledger (XRPL) ecosystem that helps up-and-coming builders in XRPL. The purpose is to develop a crew that may flip product concepts into actual companies constructed on XRPL.
In response to a report in Korea Startup Put up, Seoul FinTech Lab named the initiative “Korea Monetary Innovation Program 2026.” Ripple is the principle sponsor, and about 21 firms together with enterprise capital and accelerators are taking part as companions. The purpose of those different firms is to attach South Korea’s blockchain ecosystem to world markets.
South Korea’s 2026 Monetary Innovation Program
The innovation program will run for 3 months. Software and qualifying rounds are scheduled for April 1st to Might sixth, after which 12 chosen groups will advance to the principle competitors from Might 4th to Might thirteenth. Seoul Fintech Lab will host the finals on June twenty fifth at Two IFC The Discussion board in Yeouido, Seoul. Functions could be made by people or groups.
Earlier than the principle program begins, organizers will host on-line classes addressing technical onboarding and market developments. These classes will run all through April, with an offline briefing and perception assembly going down on April twenty second.
Throughout this system, taking part groups will obtain help resembling enterprise consulting, blockchain know-how mentoring, and networking. Companions additionally present authorized help, funding screening, and invites to abroad conferences. Moreover, we’ll present help for admission to the Seoul Fintech Lab Residency Program.
The organizers present a devoted neighborhood named Milgram to share onboarding supplies masking XRPL know-how. We even have content material resembling info on enterprise enlargement and regulatory developments, and 1:1 consulting. Particular person contributors could be paired with groups, and contributors who advance to the principle spherical will obtain help to draw funding.
Win as much as $21,000 in prizes
On the finish of this system, the successful crew will obtain 5 million Korean received ($3,340). The second and third place groups will obtain 3 million received ($2,000) and a pair of million received ($1,330) respectively. A number of companions, together with Toss and the Korea FinTech Trade Affiliation, will every award particular awards of 1 million received ($1,330). Different groups resembling Bae, Kim and Lee will present authorized advisory providers price 6 million received (about 400,000 yen) a 12 months to the primary and second place groups.
You may additionally like:
- Analyst: Close to Zero $XRP Binance liquidity may trigger a pointy decline
- $XRP Transaction worth at lowest stage since mid-2025: What this implies for Ripple
- BTC and ETH will bleed, $XRP $414M withdrawal ignites market fears: CoinShares
This system has a complete prize pool of 32 million received ($21,390). Other than the worth, XRPL Korea provides contributors the chance to hyperlink their suggestions to the XRPL Grants program. This program provides as much as $200,000 in worth.
