What Did Coinbax Announce?
On September 29, 2026, Coinbax announced it is extending its payment controls to instant payments on the Federal Reserve’s FedNow® Service and The Clearing House’s RTP® network. Coinbax is also opening a design partner program for select community banks and credit unions.
Coinbax provides a control, evidence, and compliance layer for instant and irrevocable payments. It sits between an institution’s core or payment hub and the payment rail.
Why Extend Stablecoin Controls to FedNow and RTP?
Banks and credit unions asked for it. Instant payments on FedNow and RTP settle in seconds, at any hour, and cannot be reversed. That is the same risk profile as a stablecoin transfer: fast, final, and unrecoverable once it leaves.
Many institutions today only receive FedNow payments. They hold back on sending because once the money is transmitted, it cannot be stopped.
How Do the Controls Work?
Before a payment is transmitted, Coinbax can:
- Screen the payment
- Check liquidity and limit rules
- Hold it for review
- Release it
Every decision is recorded in an audit trail for examiners. Institutions can set customizable rules that apply before transmission, rather than reconciling problems after settlement.
The same controls, policies, and audit trail apply across wires, FedNow, RTP, stablecoins, and tokenized deposits.
What Are Leaders Saying?
“Instant and final is what makes these rails valuable. It’s also why a lot of banks haven’t turned on sending. We saw this problem first with stablecoins.” Pete Glyman, Founder and CEO, Coinbax
“Banks and credit unions want to put that speed in their customers’ hands, and they need controls that keep pace with the rail.” Peter Davey, Strategic Advisor, Coinbax
Who Is Peter Davey?
Peter Davey has joined Coinbax as a strategic advisor. He is credited as one of the original architects of the RTP network, having spent seven years at The Clearing House, and he previously spent more than a decade at Capital One.
The Coinbax Perspective
Speed and finality are what make instant payments valuable, and they are also what make institutions cautious about sending them. The answer is not a slower rail. It is controls that run before the payment leaves, at the speed of the rail.
That is the principle Coinbax started with on stablecoins: controls belong inside the transaction, not in a report that arrives the next morning. Extending it to FedNow and RTP means an institution runs one set of policies and one audit trail across every rail it sends on.
Community banks and credit unions interested in the design partner program can reach the team at hello@coinbax.com.
Frequently Asked Questions
Which payment rails does Coinbax now support?
Coinbax applies the same controls, policies, and audit trail across wires, FedNow, RTP, stablecoins, and tokenized deposits.
What can Coinbax do to an instant payment before it is sent?
It can screen the payment, check liquidity and limit rules, hold it for review, or release it. Every decision is recorded in an audit trail for examiners.
Where does Coinbax sit in the payment flow?
Between the institution’s core or payment hub and the payment rail, so controls run before transmission rather than after settlement.
How can an institution join the design partner program?
The program is open to select community banks and credit unions. Contact hello@coinbax.com to express interest.
