What did Coinbax win at Consensus Miami?

Coinbax won the $20,000 grand prize at Consensus Miami’s PitchFest for its stablecoin compliance infrastructure platform.

What problem is Coinbax trying to solve?

Coinbax aims to help banks and financial institutions safely use stablecoins for payments while meeting compliance requirements such as identity checks, sanctions screening and transaction monitoring.

How does Coinbax’s system work?

The platform uses programmable escrow smart contracts that temporarily hold funds while third-party compliance providers verify transaction conditions before releasing payments onchain.

Why is compliance important for stablecoin payments?

Banks and regulated financial firms must follow anti-money laundering, sanctions and identity verification rules before moving customer funds, even when using blockchain-based payment systems.

What are programmable escrow smart contracts?

Programmable escrow contracts automatically enforce predefined payment conditions through blockchain code, allowing transactions to settle only after compliance checks are completed.

The company was founded by Peter Glyman, a former executive at financial technology company Jack Henry.

What did Peter Glyman say about stablecoin adoption?

Glyman said banks are increasingly interested in stablecoin payments but need stronger compliance controls before becoming comfortable moving funds directly onchain.

Which blockchain network is Coinbax using?

Coinbax said its infrastructure is already live on Base mainnet.

Coinbax wins Consensus PitchFest with stablecoin compliance tool

Written by Heidi Cuthbert Published May. 8 2026Last Updated May. 8 2026

Coinbax won the $20,000 grand prize at Consensus Miami’s PitchFest after presenting infrastructure designed to help banks manage compliance requirements for stablecoin payments.

The startup’s platform uses programmable escrow smart contracts that hold funds while third-party services complete identity verification, sanctions screening and transaction-risk analysis before payments settle onchain.

Founder Peter Glyman said the system was built to address concerns financial institutions face when moving funds directly through blockchain networks.

“Banks want to use stablecoins for payments, but they need to get their compliance people comfortable with the idea of moving money onchain,”

Glyman said during the presentation.

Coinbax aims to create a compliance layer for wallet-to-wallet stablecoin transfers by embedding programmable controls directly into blockchain-based payment flows.

“We provide a trust layer,”

Glyman added, adding:

“We provide programmable escrow that adds the control layer to these payments.”

The company was launched in October and has already completed a seed funding round while deploying its infrastructure on Base mainnet.

Coinbax said it is currently working with banks, custody providers and wallet companies through pilot programmes as interest in regulated stablecoin payment infrastructure continues growing across the financial sector.