Coinbax Takes First Place at Consensus Miami PitchFest for Onchain Stablecoin Compliance Tool

Coinbax won the $20,000 grand prize at Consensus Miami’s PitchFest for its programmable escrow system designed to add compliance controls to onchain stablecoin payments. Founder Peter Glyman accepted the award on the Consensus Miami Mainstage in Miami on Wednesday.

The company’s software uses smart contracts to hold funds in escrow while third-party services perform identity, sanctions and transaction-risk checks before releasing stablecoin payments onchain.

Peter Glyman, a former Jack Henry executive, said the infrastructure is intended to reduce risks financial institutions face when moving funds onchain. “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 his presentation.

He described a future in which wallet addresses are associated with every bank account, with transactions moving between banks, fintech firms and self-custody wallets.

In that environment, compliance checks need to happen directly onchain rather than only through traditional banking intermediaries, Glyman argued. 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.

“We provide a trust layer,” Glyman said. ” Coinbax was founded in October 2025. It closed a seed round in December 2025 and is live on Base mainnet, according to Glyman. The startup has begun pilot programs with banks, custody firms and wallet providers.