Seoul FinTech Lab, a Seoul Metropolitan Authorities-funded incubator for fintech corporations, has introduced a collaboration with the Korean arm of the XRP Ledger (XRPL) ecosystem to help promising builders on the XRPL. The objective is to develop groups that may flip product concepts into actual companies constructed on the XRPL.
Based on a report from the Korea Startup Put up, Seoul FinTech Lab named the initiative the Korea Monetary Innovation Program 2026. With Ripple as the primary sponsor, about 21 different corporations, together with enterprise capital companies and accelerators, are becoming a member of as companions. The objective for these different companies is to attach Korea’s blockchain ecosystem to world markets.
Korea’s 2026 Monetary Innovation Program
The innovation program will run for 3 months. Purposes and preliminaries are scheduled for April 1 to Might 6, after which 12 choose groups will advance to the primary spherical operating from Might 4 to Might 13. Seoul FinTech Lab will host the ultimate showdown on June 25 at Two IFC, The Discussion board in Seoul, Yeouido. Purposes are open to each people and groups.
Earlier than the primary program begins, the organizers will host on-line periods addressing technical onboarding and market tendencies. These periods will run all through April, with an offline briefing and perception assembly on April 22.
Throughout this system interval, collaborating groups will obtain help, together with enterprise consulting, blockchain expertise mentoring, and networking. The companions can even provide authorized help, funding evaluate, and invites to abroad conferences. Moreover, there will probably be help for admission into the Seoul Fintech Lab residency program.
The organizers will present a devoted group, named Milgram, to share onboarding supplies masking XRPL expertise. There can even be content material on enterprise growth, data on regulatory tendencies, and 1:1 consulting. Particular person members may be paired up with groups – people who advance to the primary spherical will obtain help to draw funding.
As much as $21K in Prizes Up For Grabs
On the finish of this system, the profitable staff will obtain 5 million Korean Received ($3,340). The groups in second and third place will every obtain 3 million KRW ($2,000) and a couple of million KRW ($1,330), respectively. A number of companions, together with Toss and the Korea Fintech Trade Affiliation, will current particular awards of 1 million KRW ($1,330) every. Others, like Bae, Kim & Lee, will present authorized advisory providers value 6 million KRW ($4,000) per yr to the groups in first and second place.
In complete, prizes in this system quantity to 32 million KRW ($21,390). Apart from the costs, XRPL Korea will give members alternatives to hyperlink suggestions to the XRPL Grants program. This system will provide as much as $200,000 in worth.
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