SS&C advances tokenised fund settlement with digital cash

By Milan Rojan

SS&C Technologies has announced plans to introduce digital cash settlement capabilities for tokenised investment transactions, extending its digital asset strategy as institutional adoption of tokenised funds continues to gather pace.

Nick Wright, General Manager, SS&C Global Investor & Distribution Solutions, said: “Tokenised funds are becoming another mainstream investment structure alongside mutual funds and ETFs.”

The planned functionality will enable transactions involving tokenised investment products to settle using regulated forms of digital cash, including stablecoins and tokenised commercial bank deposits. The capability is designed to support future atomic settlement, helping reduce settlement risk, improve operational efficiency and simplify cross-border investment transactions.

The announcement has built on SS&C’s launch earlier this year of live tokenised fund issuance and distribution capabilities following its acquisition of Calastone in 2025. Through the combined platform, asset managers have already been able to issue and distribute tokenised versions of traditional investment funds using existing operational infrastructure.

The latest development has extended that roadmap by introducing settlement functionality that complements tokenised fund issuance and distribution. Together, the capabilities are intended to provide a pathway for eligible funds across the combined SS&C and Calastone ecosystem to be transacted and settled using digital forms of cash.

SS&C said the initiative reflected growing demand for infrastructure supporting digital investment markets beyond the tokenisation of assets alone. The company stated that the planned enhancements are intended to help asset managers prepare for evolving market requirements while leveraging existing connectivity and operational resilience.

Further details regarding product availability and implementation timelines will be announced as development milestones are achieved. The move forms part of SS&C’s broader investment in digital innovation following its acquisition of Calastone and its efforts to support the evolving digital investment ecosystem.