Overview
Peter Glyman, co-founder of Geezeo and a longtime leader in financial technology, has departed Jack Henry & Associates to launch Coinbax, a new venture focused on bringing stablecoin infrastructure to traditional financial institutions.
The announcement signals growing interest from fintech veterans in the stablecoin space, particularly as regulatory clarity emerges through legislation like the GENIUS Act.
Background
Glyman co-founded Geezeo in 2006, building one of the early leaders in personal financial management (PFM) technology for banks and credit unions. The company was acquired by Jack Henry & Associates in 2018, where Glyman continued to lead innovation in digital banking solutions.
With over two decades of experience working alongside financial institutions, Glyman brings deep understanding of the unique challenges and opportunities facing traditional finance as it intersects with blockchain technology.
The Mission
Coinbax is positioning itself as infrastructure for “programmable trust” — the idea that stablecoins can enable financial institutions to offer new capabilities around conditional payments, automated compliance, and real-time settlement.
“Stablecoins represent the most significant evolution in how money moves since the creation of electronic payments. But for this technology to reach its potential, it needs to work within the trusted relationships that already exist between financial institutions and their customers.”
The venture aims to bridge the gap between the innovation happening in decentralized finance and the regulatory, compliance, and operational requirements of banks and credit unions.
Approach
Key Focus Areas
- Infrastructure First: Building the technical and operational foundation that enables institutions to participate in stablecoin ecosystems
- Regulatory Alignment: Designing solutions that work within emerging frameworks like the GENIUS Act
- Institution-Centric: Prioritizing the needs of banks and credit unions rather than forcing them to adapt to crypto-native models
- Programmable Capabilities: Enabling conditional logic and automation in payment flows
The company is focused on the strategic layer — helping institutions understand where stablecoins fit into their product roadmap and how to navigate the technical and regulatory considerations involved.