SS&C plans digital cash settlement for tokenized fund transactions

SS&C Technologies Holdings (Nasdaq: SSNC) announced plans to enable digital cash settlement for tokenized investment transactions, using regulated forms of digital cash such as stablecoins and tokenized commercial bank deposits.

The announcement follows SS&C's launch of tokenized fund issuance and distribution capabilities earlier this year, which came after the company's 2025 acquisition of Calastone. The planned settlement capabilities are designed to support future atomic settlement and are intended to reduce settlement risk, improve operational efficiency, and simplify cross-border investment transactions.

Together with existing tokenized fund infrastructure, the planned enhancements would create a pathway for eligible funds across the SS&C and Calastone ecosystem to be transacted and settled using digital forms of cash.

"Tokenized funds are becoming another mainstream investment structure alongside mutual funds and ETFs. As asset managers begin supporting these products in production, they need infrastructure that evolves with them," said Nick Wright, General Manager of SS&C Global Investor & Distribution Solutions.

SS&C said further details regarding product availability and implementation timelines will be announced as development milestones are achieved.

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