Coinbax wins $20K at Consensus Miami PitchFest with stablecoin compliance infrastructure!

Coinbax took the grand prize at Consensus Miami's PitchFest, walking away with $20,000 for a programmable escrow system designed to give banks a compliance layer for onchain stablecoin payments. The startup, founded in October by former Jack Henry executive Peter Glyman, uses smart contracts to hold funds in escrow while third-party services run identity, sanctions screening and transaction-risk checks — funds only settle once every condition clears.

"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 pitch. He envisions a world where wallet addresses map to every bank account and compliance checks happen directly on the chain rather than through traditional intermediaries.

Coinbax closed its seed round in December, is already live on Base mainnet, and has active pilots…