FundedPulseMaking Stablecoins Safe for Banks
Stablecoins are moving trillions of dollars, but banks and enterprises largely remain on the sidelines. The reason isn't technical — it's trust. Sending a million-dollar stablecoin payment lacks the escrow protections, compliance controls, and policy enforcement that institutions require. Coinbax is building the trust infrastructure to change that.
Founded by Peter Glyman, who previously co-founded Geezeo (a personal finance management platform acquired by Fiserv in 2019), Coinbax builds a programmable trust layer that brings escrow, policy enforcement, and programmable settlement to digital asset transactions. The platform operates on Base and Solana blockchains, supporting major stablecoins including USDC, USDG, RLUSD, and PYUSD.
How It Works
Coinbax sits between the sender and receiver of stablecoin payments, adding institutional-grade controls. Smart contracts enforce conditions: funds can be held in escrow until delivery is confirmed, compliance checks can be triggered before settlement, and payment policies can be programmed to match enterprise requirements. Think of it as adding the compliance and risk management layer that traditional banking takes for granted.
Why It Matters
The $4.2 million seed round, led by BankTech Ventures with participation from Connecticut Innovations, Paxos, and SpringTime Ventures, positions Coinbax at the intersection of traditional banking and digital assets. As stablecoin regulation clarifies and institutional adoption accelerates, the infrastructure for compliant, controlled stablecoin payments becomes essential plumbing.