Coinbax wins $20,000 PitchFest prize at Consensus Miami for stablecoin compliance
Coinbax won $20,000 at Consensus Miami's PitchFest for programmable escrow software enabling compliant stablecoin payments. Founded by former Jack Henry executive Peter Glyman, the startup uses smart contracts to hold funds while third-party services verify identity and sanctions before settlement. Already live on Base mainnet with pilot programs underway, Coinbax addresses bank hesitancy around onchain payment infrastructure.
Key takeaways
- 1Coinbax won $20,000 at Consensus Miami PitchFest for programmable escrow software enabling compliant stablecoin payments.
- 2The startup uses smart contracts to hold funds in escrow while third-party services verify identity and sanctions before settlement.
- 3Coinbax launched October 2025, closed seed funding December 2025, and is live on Base mainnet with pilot programs underway.
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Why it matters
This addresses critical regulatory barriers preventing Indian banks and fintech firms from adopting stablecoins for domestic and cross-border payments. As compliance infrastructure matures, RBI-regulated entities may gain confidence to explore blockchain-based payment rails for treasury and settlement purposes.
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