Seoul FinTech Lab, a Seoul Metropolitan Authorities-funded incubator for fintech firms, has introduced a collaboration with the Korean arm of the XRP Ledger (XRPL) ecosystem to assist promising builders on the XRPL. The aim is to develop groups that may flip product concepts into actual companies constructed on the XRPL.
In accordance with a report from the Korea Startup Publish, Seoul FinTech Lab named the initiative the Korea Monetary Innovation Program 2026. With Ripple as the principle sponsor, about 21 different firms, together with enterprise capital corporations and accelerators, are becoming a member of as companions. The aim for these different corporations is to attach Korea’s blockchain ecosystem to international markets.
Korea’s 2026 Monetary Innovation Program
The innovation program will run for 3 months. Functions and preliminaries are scheduled for April 1 to Could 6, after which 12 choose groups will advance to the principle spherical working from Could 4 to Could 13. Seoul FinTech Lab will host the ultimate showdown on June 25 at Two IFC, The Discussion board in Seoul, Yeouido. Functions are open to each people and groups.
Earlier than the principle program begins, the 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 on April 22.
Throughout this system interval, collaborating groups will obtain assist, together with enterprise consulting, blockchain expertise mentoring, and networking. The companions may also supply authorized assist, funding assessment, and invites to abroad conferences. Moreover, there will probably be assist 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 may also be content material on enterprise growth, info on regulatory developments, and 1:1 consulting. Particular person members could be paired up with groups – people who advance to the principle spherical will obtain assist to draw funding.
As much as $21K in Prizes Up For Grabs
On the finish of this system, the successful group will obtain 5 million Korean Gained ($3,340). The groups in second and third place will every obtain 3 million KRW ($2,000) and a pair 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 supply as much as $200,000 in worth.
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