TD Bank Group Joins Chamber

Announcements, Blockchain, Group | July 18, 2017 By:

TD Bank Group, the Toronto-based multinational banking and financial service provider, has joined the executive committee of the Chamber of Digital Commerce (Chamber), a global trade group that aims to promote the adoption of blockchain and the use of digital assets.

TD Bank Group offers a full range of financial products and services through its Canadian Retail, U.S. Retail, and Wholesale Banking. TD had CDN $1.3 trillion in assets as of April 30, and ranks among the world’s leading online financial services firms with approximately 11.5 million active online and mobile customers.

The bank will be working with the Chamber to promote the acceptance and use of digital assets and related technologies with the goal of developing a pro-growth legal environment that fosters innovation, jobs, and investment.

“There is no denying that there is a tremendous opportunity to apply blockchain technologies in the world of finance, to provide better, more secure and more economical banking services,” said Chris Owen, vice president, Enterprise Shared Platforms, Blockchain at TD. “However, unlocking this potential will take collaboration and we look forward to working with the Chamber and its members to nurture this thriving ecosystem and accelerate the adoption of blockchain technology.”

“We are excited to welcome TD as our first Canadian bank to the Chamber’s Executive Committee,” said Chamber Founder and President Perianne Boring. “TD thought leadership is greatly valued as we work together to improve the global financial system with blockchain and distributed ledger technology.”