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 aim is to develop a group that may flip product concepts into actual companies constructed on XRPL.
In line with a report in Korea Startup Submit, Seoul FinTech Lab named the initiative “Korea Monetary Innovation Program 2026.” Ripple is the primary sponsor, and about 21 firms together with enterprise capital and accelerators are collaborating as companions. The aim 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 Could sixth, after which 12 chosen groups will advance to the primary competitors from Could 4th to Could thirteenth. Seoul Fintech Lab will host the finals on June twenty fifth at Two IFC The Discussion board in Yeouido, Seoul. Purposes will be made by people or groups.
Earlier than the primary program begins, organizers will host on-line periods addressing technical onboarding and market developments. These periods will run all through April, with an offline briefing and perception assembly going down on April twenty second.
Throughout this system, collaborating groups will obtain assist equivalent to enterprise consulting, blockchain expertise mentoring, and networking. Companions additionally present authorized assist, funding screening, and invites to abroad conferences. Moreover, we are going to present assist for admission to the Seoul Fintech Lab Residency Program.
The organizers present a devoted neighborhood named Milgram to share onboarding supplies masking XRPL expertise. We even have content material equivalent to info on enterprise enlargement and regulatory developments, and 1:1 consulting. Particular person contributors will be paired with groups, and contributors who advance to the primary spherical will obtain assist to draw funding.
Win as much as $21,000 in prizes
On the finish of this system, the successful group will obtain 5 million Korean gained ($3,340). The second and third place groups will obtain 3 million gained ($2,000) and a couple of million gained ($1,330) respectively. A number of companions, together with Toss and the Korea FinTech Business Affiliation, will every award particular awards of 1 million gained ($1,330). Different groups equivalent to Bae, Kim and Lee will present authorized advisory companies price 6 million gained (about 400,000 yen) a 12 months to the primary and second place groups.
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This system has a complete prize pool of 32 million gained ($21,390). Other than the worth, XRPL Korea affords contributors the chance to hyperlink their suggestions to the XRPL Grants program. This program affords as much as $200,000 in worth.
