XRPL Korea Concludes KFIP 2026 Demo Day in Seoul

Catalyze, the operator of XRPL Korea, said Tuesday that the Korea Fintech Innovation Program 2026, a digital-asset acceleration program it co-hosted with Seoul Fintech Lab, wrapped up with a demo day on June 25 at IFC Two in Seoul's Yeouido district.

KFIP 2026 is designed to discover and foster fintech and blockchain projects built on the XRP Ledger. This year, 75 corporations and 53 individuals applied. Twelve teams advanced to the final round, presenting projects focused on global payments and foreign exchange, credit and trade finance, collateral and liquidity, and artificial intelligence-based finance.

Ripple was the event's main sponsor. Other partners included Toss, the Korea Fintech Industry Association, Bae, Kim & Lee, IBK Industrial Bank of Korea, Hana Bank, DB Insurance and Squid. Judges came from Ripple, Catalyze, Toss, the Korea Fintech Industry Association, Hashed and ITCEN CREDER.

The top prize went to RiskX, which is developing infrastructure on XRPL for issuing and managing financial products. Transfarmer won the top excellence award, while KAB Labs received the excellence award. The top prize and top excellence award winners will receive one year of free legal advisory services from Bae, Kim & Lee and invitations to Swell 2026, a global finance and blockchain conference set for October in New York.

Koo Jung-tae, head of growth at Catalyze, said the program reaffirmed the potential of South Korea's fintech builders. Catalyze will continue supporting overseas expansion and global collaboration so projects nurtured through KFIP can remain competitive in global markets, he added.