MIAMI \u2013 Coinbax won the $20,000 grand prize at Consensus Miami\u2019s PitchFest after pitching a system designed to help banks and financial firms manage compliance for stablecoin payments.<\/p>\n
The company, founded by former Jack Henry executive Peter Glyman, builds programmable escrow infrastructure that adds controls to wallet-to-wallet crypto transactions. The software is meant to reduce the risks financial institutions face when moving funds onchain.<\/p>\n
\u201cBanks want to use stablecoins for payments, but they need to get their compliance people comfortable with the idea of moving money onchain,\u201d Glyman said during his presentation.<\/p>\n
He described a future where \u201cwallet addresses [are] associated with every bank account,\u201d with transactions moving between banks, fintech firms and self-custody wallets. In that environment, he argued, compliance checks need to happen directly onchain rather than only through traditional banking intermediaries.<\/p>\n
Coinbax uses smart contracts to hold funds in escrow while third-party services verify identity, sanctions screening and transaction risk. Funds settle only after conditions are met.<\/p>\n
\u201cWe provide a trust layer,\u201d Glyman said. \u201cWe provide programmable escrow that adds the control layer to these payments.\u201d<\/p>\n
The startup launched in October, closed a seed round in December and is already live on Base mainnet, according to Glyman. He said the company is working with banks, custody firms and wallet providers on pilot programs.<\/p>\n
Second place went to Tashi, a decentralized infrastructure project focused on coordinating and managing AI systems across distributed networks.<\/p>\n","protected":false},"excerpt":{"rendered":"MIAMI \u2013 Coinbax won the $20,000 grand prize at Consensus Miami\u2019s PitchFest after pitching a system designed to…\n","protected":false},"author":2,"featured_media":262711,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[69359,123,125,124],"class_list":["post-262710","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-consensus-miami-2026","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/262710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=262710"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/262710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/262711"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=262710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=262710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=262710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}