The $100B fintech custodian powering digital investing, with CEO of Apex Bill Capuzzi

<p> In this podcast, Lex interviews William (Bill) Capuzzi, CEO of APEX, a Fintech company transforming financial services. Bill talks about his journey from studying environmental science to working in the financial industry, first at the banking and trading divisions of DLJ, then at Pershing where he learned the "bowels" of the industry, and then at Convergex where he learned about the importance of disrupting the trading technology. He then talks about buying Apex from Peak6 and his understanding of what it means to custody, clear, and settle a trade. He explains that a custodian holds the assets of the end investor and provides the clearing of transactions through a central counterparty like DTCC. He also discusses the decentralized finance world and the lack of a central counterparty in the cryptocurrency world.</p><p> </p><p>MENTIONED IN THE CONVERSATION</p><p> </p><p>APEX Fintech Solutions website: https://bit.ly/3H0LgwE</p><p>CEO's Linkedin profile: https://bit.ly/3IIMD4k</p><p> </p><p>Topics: fintech, custody, clearing, settlement, trading, investment, crypto</p><p> </p><p>Companies: Apex, Pershing, DLJ, PEAK6, Convergex, SoFi, Stash, TD Ameritrade, Schwab, Betterment</p><p> </p><p>ABOUT THE FINTECH BLUEPRINT</p><p> </p><p>🔥Subscribe to the Fintech Blueprint newsletter to stay at the forefront of Fintech and DeFi: https://bit.ly/3hyhlC2</p><p> </p><p>🤝 Partner with Fintech Blueprint through sponsorships: https://bit.ly/3UZllsV</p><p> </p><p>👉 Twitter: https://twitter.com/LexSokolin</p><p> </p><p> </p><p>TIMESTAMPS</p><p> </p><p>1’50”: A breakdown of Bill’s foundational experiences  </p><p> </p><p>13’37”: Definitional breakdowns of custody, clearing, and settlement</p><p> </p><p>19’19”: Unbundling custody solutions from broker-dealers and retail distribution, and the regulatory implications</p><p> </p><p>27’04: The dynamic between digital wealth management platforms and either robo-advisors or traditional advisors using robo platforms that plug into their custody</p><p> </p><p>31’07”: Joining Apex in 2010