In this paper, a rotating tool clamping device was developed based on a shape memory alloy(SMA) and its feasibility as a tool holder was experimentally explored. The SMA-based device was able to alter clamping to unclamping through temperature control within 1 second. The means and repeatability(${sigma}$) of the tool clamping force were 185.5N and 6N respectively and its drifts were less than 3% for an hour. Considering the temperature hysteresis of the SMA-based tool clamping device, it is necessary to heat the SMA ring to around $50^{circ}C$ after tool change to obtain more clamping force.