What Is Coinbax?
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.
Who Is Peter Glyman?
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.
What Is 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.
What Is the Approach?
Infrastructure First
Building the technical and operational foundation that enables institutions to participate in stablecoin ecosystems without compromising on compliance or security.
Regulatory Alignment
Designing solutions that work within emerging frameworks like the GENIUS Act, ensuring institutions can adopt stablecoin capabilities with regulatory confidence.
Institution-Centric
Prioritizing the needs of banks and credit unions rather than forcing them to adapt to crypto-native models. The platform is built for how financial institutions actually operate.
Programmable Capabilities
Enabling conditional logic and automation in payment flows—escrow, approval workflows, and policy enforcement built directly into stablecoin transactions.
Frequently Asked Questions
Why did Glyman leave Jack Henry to start Coinbax?
Glyman saw an opportunity to apply two decades of experience serving financial institutions to the emerging stablecoin market. The GENIUS Act’s passage created regulatory clarity that made institutional stablecoin adoption viable.
How does Coinbax differ from other stablecoin companies?
Coinbax focuses specifically on the needs of traditional financial institutions—banks and credit unions—rather than crypto-native users. The platform is built around compliance, operational integration, and the trust frameworks institutions require.
What does “programmable trust” mean?
Programmable trust refers to embedding compliance controls, approval workflows, and conditional logic directly into stablecoin transactions. This enables institutions to automate oversight while offering the efficiency benefits of blockchain-based payments.