Coinbax wins $20,000 PitchFest prize at Consensus Miami for stablecoin compliance

Coinbax took the top spot at Consensus Miami with software built to add compliance controls to onchain payments. What to know : Coinbax won the $20,000 grand prize at Consensus Miami’s PitchFest for its programmable escrow system that helps banks manage compliance for stablecoin payments. The startup’s software uses smart contracts to hold funds in escrow while third-party services perform identity, sanctions and transaction-risk checks before releasing payments onchain. Founded in October by former Jack Henry executive Peter Glyman, Coinbax has raised a seed round, gone live on Base mainnet and begun pilot programs with banks, custody firms and wallet providers.(Coindesk)