Abstract: A versatile rapid control prototyping(RCP) for developing, controlling and verifying power electronic systems is presented, aiming to address the problems of high prices and closed environments of commercial platforms. The platform uses a system on chip(SoC) as its core, and through a combination of carrier boards and exchangeable interface expansion boards, it is suitable for a variety of complex control algorithms as well as applications that require a high number of measurement and gating signals. The software architecture fully leverages the heterogeneous features of the Xilinx ZYNQ chip, the programmable logic(PL) terminal and dual-core advanced RISC machines(ARM) are equipped with hardware drivers, communications and bare-metal programs, while introducing code generation to realize a high-performance, low-cost real-time control platform. The hardware and software design of the platform is described in detail. To validate the proposed platform, a model-free predictive current control(MFPCC) strategy with dual-vector modulation for induction motor is implemented within a Simulink-based experimental framework. Benefiting from the flexible hardware and software configuration of each component, the proposed rapid control prototyping platform achieves remarkable performance while maintaining a low-cost design.