New XRPL Startup Initiative Launched by Seoul FinTech and Korea XRPL (Report)

During the course of the program, participating teams will receive support, including business consulting, blockchain technology mentoring, and networking.

Seoul FinTech Lab, a Seoul City Government-funded incubator for fintech companies, announced a collaboration with the Korean arm of the XRP Ledger (XRPL) ecosystem to support promising XRPL builders. The goal is to develop teams that can turn product ideas into real businesses built on XRPL.

According to A a report From the Korea Startup website, Seoul FinTech Lab has named the initiative the Korea Financial Innovation Program 2026. With Ripple as the main sponsor, about 21 other companies, including venture capital firms and accelerators, are joining as partners. The goal for these other companies is to connect Korea’s blockchain ecosystem to global markets.

Korea Financial Innovation Program 2026

The innovation program will last for three months. Submissions and preliminary qualifiers are scheduled from April 1 to May 6, after which 12 shortlisted teams will advance to the main round that runs from May 4 to May 13. The Seoul FinTech Lab will host the final showdown on June 25 at Two IFC, The Forum in Seoul, Yeouido. Applications are open to both individuals and teams.

Before the start of the main programme, the organizers will host online sessions covering technical setup and market trends. These sessions will continue throughout April, with an offline briefing and insight meeting on April 22.

During the course of the program, participating teams will receive support, including business consulting, blockchain technology mentoring, and networking. The partners will also provide legal support and investment reviewAnd invitations to external conferences. In addition, there will be support for admission into the residency program at Seoul Fintech Lab.

Organizers will provide a dedicated community, called Milgram, to share prep materials covering XRPL technology. There will also be content about business expansion and regulatory information DirectionsAnd 1:1 consultations. Individual participants can be combined with teams – those who advance to the main round will receive support to attract investment.

Prizes up to 21 thousand US dollars

At the end of the program, the winning team will receive 5 million Korean won ($3,340). The second and third-place teams will each receive 3 million KRW ($2,000) and 2 million KRW ($1,330) respectively. Several partners, including Toss and the Korea FinTech Industry Association, will offer special prizes worth 1 million KRW (US$1,330) each. Others, such as Bae, Kim & Lee, will provide legal consulting services worth KRW 6 million ($4,000) annually to the first- and second-place teams.

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The total prize money for the program is 32 million KRW (US$21,390). Aside from pricing, XRPL Korea will give participants opportunities to link recommendations to the XRPL grant program. The program will offer up to $200,000 in value.