TD Bank Group has joined the executive committee of the Chamber of Digital Commerce, the leading global blockchain trade association, in order to foster the adoption of digital assets and related technologies with the goal of developing a pro-growth legal environment that promotes innovation, jobs, and investment.
Headquartered in Toronto, The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. It 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, 2017, and ranks among the world’s leading online financial services firms with approximately 11.5 million active online and mobile customers.
"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."
With the addition of TD, the chamber’s executive committee has grown to 20 members and includes the likes of Microsoft, IBM, BNP Paribas, BNY Mellon, DTCC, and Wells Fargo, among others.
“We are excited to welcome TD as our first Canadian bank to the Chamber’s Executive Committee. TD thought leadership is greatly valued as we work together to improve the global financial system with blockchain and distributed ledger technology”, Chamber Founder and President Perianne Boring said.
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