TD plans robo-advisory on the blockchain for direct investing clients

TD Bank Group announced a commercial licensing agreement with The Hydrogen Technology Corporation (Hydrogen) to make a complete, end-to-end digital investing experience.

The initial phase of the design will integrate Hydrogen’s Application Programming Interfaces (APIs) into the WebBrokerplatform. Upon completion of the first phase of the rollout, TD Direct Investing clients will be able to build their own financial plans, design and implement customized investment portfolios, and receive ongoing updates related to the health status of meeting their financial goals using live analytics.

The agreement makes TD the first Canadian bank to offer clients the ability to independently create financial plans and investment portfolios, all seamlessly integrated via an online brokerage account.

Also planned for subsequent phases is the creation of a direct access digital advisor and several new capabilities for TD retail banking customers. This will eventually culminate in a fully integrated, digital investing solution for TD clients, whether they prefer to invest using a self-serve approach, or an advice-led one.

As adoption of the platform increases among TD clients, artificial intelligence features – including parts of Hydrogen’s Web 3.0 offering – are planned for integration into both existing and future applications. Hydrogen’s platform is accessed by developers in 50+ countries, and includes: Atom, core infrastructure and financial engineering APIs and libraries; Hydro, public blockchain protocols, APIs, apps, and dApps; and Ion – auto-machine learning APIs and apps.

Read the full release

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