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Coinbax took the apical spot astatine Consensus Miami with bundle built to adhd compliance controls to onchain payments.
Updated May 7, 2026, 9:48 p.m. Published May 7, 2026, 9:35 p.m. 1 min read
MIAMI – Coinbax won the $20,000 expansive prize astatine Consensus Miami’s PitchFest aft pitching a strategy designed to assistance banks and fiscal firms negociate compliance for stablecoin payments.
The company, founded by erstwhile Jack Henry enforcement Peter Glyman, builds programmable escrow infrastructure that adds controls to wallet-to-wallet crypto transactions. The bundle is meant to trim the risks fiscal institutions look erstwhile moving funds onchain.
“Banks privation to usage stablecoins for payments, but they request to get their compliance radical comfy with the thought of moving wealth onchain,” Glyman said during his presentation.
He described a aboriginal wherever “wallet addresses [are] associated with each slope account,” with transactions moving betwixt banks, fintech firms and self-custody wallets. In that environment, helium argued, compliance checks request to hap straight onchain alternatively than lone done accepted banking intermediaries.
Coinbax uses astute contracts to clasp funds successful escrow portion third-party services verify identity, sanctions screening and transaction risk. Funds settee lone aft conditions are met.
“We supply a spot layer,” Glyman said. “We supply programmable escrow that adds the power furniture to these payments.”
The startup launched successful October, closed a effect circular successful December and is already unrecorded connected Base mainnet, according to Glyman. He said the institution is moving with banks, custody firms and wallet providers connected aviator programs.
Second spot went to Tashi, a decentralized infrastructure task focused connected coordinating and managing AI systems crossed distributed networks.
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