Cosmos and Coinbax on Adopting Digital Ledger Infrastructure Without Inheriting the Fraud, Irreversibility, and Risk of Digital Assets

Most banks and fintechs are nowhere near adopting digital ledger infrastructure at scale. As of mid-2026, 88% of banks have already committed funding to digital asset infrastructure, but only 16% have gotten a system into production, and plenty of institutions still don't know how to get there without inheriting the fraud, irreversibility, and risk that come with digital assets.

Our own Ian Kane, Head of Partnerships at Cosmos, sat down with Peter Glyman, founder and CEO of Coinbax, to talk through that gap directly. Coinbax builds programmable escrow infrastructure for stablecoin payments, giving banks and fintechs built-in reversibility and real-time compliance on smart contract rails.

The conversation goes deeper into how regulated institutions are actually approaching digital asset settlement today, the regulatory and competitive pressure, and the misconception most institutions still carry into that decision.

Ian and Peter also unpack what it actually takes to get this right: a governed digital ledger built for sovereign ownership, configurability, and auditability, open-source code that doubles as a risk-mitigation layer, and programmable orchestration that puts compliance directly inside the transaction.