diff --git a/core/src/main/java/com/google/bitcoin/crypto/HDUtils.java b/core/src/main/java/com/google/bitcoin/crypto/HDUtils.java
index 4cf991b6..dd42e3a1 100644
--- a/core/src/main/java/com/google/bitcoin/crypto/HDUtils.java
+++ b/core/src/main/java/com/google/bitcoin/crypto/HDUtils.java
@@ -1,5 +1,6 @@
 /**
  * Copyright 2013 Matija Mazi.
+ * Copyright 2014 Giannis Dzegoutanis.
  *
  * Licensed under the Apache License, Version 2.0 (the "License");
  * you may not use this file except in compliance with the License.
@@ -24,11 +25,15 @@ import org.spongycastle.crypto.digests.SHA512Digest;
 import org.spongycastle.crypto.macs.HMac;
 import org.spongycastle.crypto.params.KeyParameter;
 
+import javax.annotation.Nonnull;
 import java.nio.ByteBuffer;
+import java.util.ArrayList;
 import java.util.Arrays;
 import java.util.Collections;
 import java.util.List;
 
+import static com.google.common.base.Preconditions.checkNotNull;
+
 /**
  * Static utilities used in BIP 32 Hierarchical Deterministic Wallets (HDW).
  */
@@ -71,4 +76,27 @@ public final class HDUtils {
     public static String formatPath(List<ChildNumber> path) {
         return PATH_JOINER.join(Iterables.concat(Collections.singleton("M"), path));
     }
+
+    /**
+     * The path is a human-friendly representation of the deterministic path. For example:
+     *
+     * "44' / 0' / 0' / 1 / 1"
+     *
+     * Where a single quote (') means hardened key. Spaces are ignored.
+     */
+    public static List<ChildNumber> parsePath(@Nonnull String path) {
+        String[] parsedNodes = path.split("/");
+        List<ChildNumber> nodes = new ArrayList<ChildNumber>();
+
+        for (String n : parsedNodes) {
+            n = n.replaceAll(" ", "");
+            if (n.length() == 0) continue;
+            boolean isHard = n.endsWith("'");
+            if (isHard) n = n.substring(0, n.length() - 1);
+            int nodeNumber = Integer.parseInt(n);
+            nodes.add(new ChildNumber(nodeNumber, isHard));
+        }
+
+        return nodes;
+    }
 }
diff --git a/core/src/test/java/com/google/bitcoin/crypto/HDUtilsTest.java b/core/src/test/java/com/google/bitcoin/crypto/HDUtilsTest.java
index ef7e86d1..91a50ee9 100644
--- a/core/src/test/java/com/google/bitcoin/crypto/HDUtilsTest.java
+++ b/core/src/test/java/com/google/bitcoin/crypto/HDUtilsTest.java
@@ -17,14 +17,13 @@
 
 package com.google.bitcoin.crypto;
 
+import com.google.common.collect.ImmutableList;
 import org.junit.Assert;
 import org.junit.Test;
 
 import static com.google.bitcoin.core.Utils.HEX;
+import java.util.List;
 
-/**
- * @author Matija Mazi <br/>
- */
 public class HDUtilsTest {
     @Test
     public void testHmac() throws Exception {
@@ -124,4 +123,29 @@ public class HDUtilsTest {
         byte[] bytes = HDUtils.longTo4ByteArray(1026);
         Assert.assertEquals("00000402", HEX.encode(bytes));
     }
+
+    @Test
+    public void testParsePath() {
+        Object tv[] = {
+                "44' / 0' / 0' / 1 / 1",
+                ImmutableList.of(new ChildNumber(44, true), new ChildNumber(0, true), new ChildNumber(0, true),
+                        new ChildNumber(1, false), new ChildNumber(1, false)),
+
+                "/7'/3/3/1'/",
+                ImmutableList.of(new ChildNumber(7, true), new ChildNumber(3, false), new ChildNumber(3, false),
+                        new ChildNumber(1, true)),
+
+                "1 ' / 2 ' / 3 ' /",
+                ImmutableList.of(new ChildNumber(1, true), new ChildNumber(2, true), new ChildNumber(3, true)),
+
+                "1 ' / 2 ' / 3 ' /",
+                ImmutableList.of(new ChildNumber(1, true), new ChildNumber(2, true), new ChildNumber(3, true))
+        };
+
+        for (int i = 0; i < tv.length; i += 2) {
+            List<ChildNumber> path = HDUtils.parsePath((String) tv[i]);
+
+            Assert.assertEquals(path, tv[i+1]);
+        }
+    }
 }