Zr-Pd metallic glassy thin films with a hierarchical nano-scale structure, produced by magnetron sputtering of the Zr and Pd powder mixture, demonstrate a unique combination of physical and biochemical properties. Thermal stability of the nano-structured glassy samples, their resistance to oxidation in dry air and phase transformation behavior are discussed in the present work. These binary alloy samples also show exceptionally high corrosion resistance and spontaneous passivation in a simulated body fluid. Experiments on the catalytic activity and biocompatibility of this nanostructured metallic glass indicate that this is a very suitable material for biochemical applications. Compared to the multicomponent alloys studied earlier this binary alloy has much simpler chemical composition, which makes preparation of the sample with defined stoichiometry easier, especially when the elements have different sputtering rates.