A strategic partnership has been announced between State Street Corporation and Apex Fintech Solutions, with State Street making a minority investment in Apex. The collaboration will leverage Apex’s digital custody and clearing platform to expand wealth services, creating a globally scalable and fully digital solution for wealth advisors and self-directed wealth platforms.
Apex specializes in providing digital wealth infrastructure, including custody, clearing and fractional share trading solutions, designed to be modern, API-driven and scalable for customers in the financial services industry. Wealth management firms leverage its platform to offer a faster and more secure backend system that adapts to market innovation.
The future growth plans for this partnership involve building on State Street’s existing services to create what is described as the first “truly global, digital wealth custody solution.” This will combine State Street’s institutional infrastructure and global client base with Apex’s technology to augment wealth services and address the growing global wealth market.
