{"id":169438,"date":"2025-09-29T14:30:00","date_gmt":"2025-09-29T14:30:00","guid":{"rendered":"https:\/\/cryptonews.com\/fr\/?p=169438"},"modified":"2025-09-29T14:30:00","modified_gmt":"2025-09-29T14:30:00","slug":"tokenisation-centrifuge-indice-spxa-base","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/","title":{"rendered":"Tokenisation RWA : un indice S&amp;P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base"},"content":{"rendered":"<p>La tokenisation gagne encore du terrain. Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&#038;P 500, sous licence officielle de S&#038;P Dow Jones Indices. Baptis\u00e9 SPXA, ce produit marque une \u00e9tape symbolique. L\u2019indice boursier le plus suivi au monde se d\u00e9cline d\u00e9sormais en version tokenis\u00e9e. Son ambition : rendre son exposition plus transparente et plus accessible.<\/p><h2 class=\"wp-block-heading\"><strong>SPXA : le S&#038;P 500 d\u00e9barque on-chain sur Base<\/strong><\/h2><span class=\"replacer\"><\/span><p>Lanc\u00e9 fin septembre, SPXA est pr\u00e9sent\u00e9 comme le <strong>premier fonds index\u00e9 S&#038;P 500 nativement tokenis\u00e9<\/strong>. Ce v\u00e9hicule d\u2019investissement introduit le benchmark am\u00e9ricain dans un nouvel environnement technologique. Il est d\u00e9velopp\u00e9 par Centrifuge en partenariat avec Anemoy, sa branche d\u00e9di\u00e9e \u00e0 la gestion d\u2019actifs on-chain, et avec Janus Henderson comme sous-gestionnaire.<\/p><p>L\u2019infrastructure choisie est <strong>Base<\/strong>, la blockchain <a href=\"https:\/\/cryptonews.com\/fr\/news\/coinbase-base-layer2-ethereum-blockchain-vitalik\/\">d\u00e9velopp\u00e9e par Coinbase<\/a>, qui s\u2019impose peu \u00e0 peu comme un terrain privil\u00e9gi\u00e9 pour les projets institutionnels. Les investisseurs peuvent ainsi obtenir <strong>une<\/strong> <strong>exposition \u00e0 l\u2019indice \u00e0 travers des tokens<\/strong> \u00e9mis et \u00e9chang\u00e9s en continu. Pour fonctionner, SPXA s\u2019appuie sur une technologie baptis\u00e9e Proof-of-Index. Elle permet de faire correspondre en continu les donn\u00e9es du S&#038;P 500 avec des smart contracts, afin d\u2019assurer la justesse et la mise \u00e0 jour des prix.<\/p><p>Le projet a re\u00e7u l\u2019aval officiel de <strong>S&#038;P<\/strong> <strong>Dow Jones Indices<\/strong>, qui lui a <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/documents\/index-news-and-announcements\/20250701-press-release-spdji-collaborates-with-centrifuge-to-bring-the-sp-500-index-onchain-expanding-access-to-the-worlds-most-widely-recognized-benchmark.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">accord\u00e9 une licence<\/a>. C\u2019est une premi\u00e8re. Jamais un indice de cette ampleur n\u2019avait \u00e9t\u00e9 directement transpos\u00e9 sur blockchain avec l\u2019aval du fournisseur originel.<\/p><h2 class=\"wp-block-heading\"><strong>Pourquoi tokeniser un indice ?<\/strong><\/h2><span class=\"replacer\"><\/span><p>La tokenisation d\u2019un indice comme le S&#038;P 500 a pour but <strong>d&#8217;abolir certaines limites de la finance traditionnelle<\/strong>. Premier atout mis en avant : la liquidit\u00e9. Contrairement aux ETF traditionnels, limit\u00e9s aux horaires de march\u00e9, l\u2019exposition on-chain reste accessible en continu. Les parts peuvent s\u2019acheter ou se revendre \u00e0 tout moment, jour et nuit.<\/p><p>La <strong>transparence<\/strong> est un autre argument cl\u00e9. Chaque position du fonds est inscrite dans un smart contract. Cela offre donc une visibilit\u00e9 imm\u00e9diate sur la composition et la valorisation. Pour les partisans de la finance d\u00e9centralis\u00e9e, cela r\u00e9pond \u00e0 l\u2019opacit\u00e9 reproch\u00e9e depuis longtemps aux fonds traditionnels.<\/p><p>Les d\u00e9fis restent toutefois nombreux. La <strong>conformit\u00e9 r\u00e9glementaire<\/strong> est un point sensible. Les autorit\u00e9s observent de pr\u00e8s l\u2019arriv\u00e9e de ces produits financiers sur la blockchain. Un autre enjeu concerne la fiabilit\u00e9 des prix : la version tokenis\u00e9e doit coller, jour apr\u00e8s jour, \u00e0 l\u2019indice S&#038;P 500 cot\u00e9 en bourse. Le recours \u00e0 des oracles de prix robustes et audit\u00e9s est indispensable. Enfin, les risques li\u00e9s aux smart contracts (bugs, failles de s\u00e9curit\u00e9 ou attaques) devront \u00eatre anticip\u00e9s.<\/p><p>SPXA met en lumi\u00e8re la promesse d\u2019une finance plus fluide. Mais aussi les ajustements n\u00e9cessaires pour que la tokenisation gagne la confiance du grand public et des r\u00e9gulateurs.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\u26a1 Live: Centrifuge launches SPXA, the first-ever tokenized S&amp;P 500 Index Fund licensed by <a href=\"https:\/\/twitter.com\/SPDJIndices?ref_src=twsrc%5Etfw\">@SPDJIndices<\/a>.<br><br>Exclusively on <a href=\"https:\/\/twitter.com\/base?ref_src=twsrc%5Etfw\">@base<\/a>, with multichain expansion to be powered exclusively by <a href=\"https:\/\/twitter.com\/wormhole?ref_src=twsrc%5Etfw\">@wormhole<\/a>.<br><br>Managed by <a href=\"https:\/\/twitter.com\/anemoycapital?ref_src=twsrc%5Etfw\">@anemoycapital<\/a>, <a href=\"https:\/\/twitter.com\/JHIAdvisors?ref_src=twsrc%5Etfw\">@JHIAdvisors<\/a>, with <a href=\"https:\/\/twitter.com\/FalconXGlobal?ref_src=twsrc%5Etfw\">@FalconXGlobal<\/a> as the anchor investor. <a href=\"https:\/\/t.co\/g8ZRr6xp5T\">pic.twitter.com\/g8ZRr6xp5T<\/a><\/p>&mdash; Centrifuge (@centrifuge) <a href=\"https:\/\/twitter.com\/centrifuge\/status\/1971252326230000094?ref_src=twsrc%5Etfw\">September 25, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><h2 class=\"wp-block-heading\"><strong>Vers une vague d\u2019indices on-chain ?<\/strong><\/h2><span class=\"replacer\"><\/span><p>L\u2019arriv\u00e9e de SPXA illustre l\u2019\u00e9largissement rapide du champ des <strong>RWA (Real World Assets)<\/strong> tokenis\u00e9s. Jusqu\u2019ici, ce march\u00e9 se concentrait sur des obligations, de la dette priv\u00e9e ou de l\u2019immobilier.<\/p><p>Avec le S&#038;P 500, c\u2019est la premi\u00e8re fois qu\u2019un <strong>indice boursier majeur<\/strong> est rendu accessible directement via la blockchain. Cela ouvre la voie \u00e0 d\u2019autres d\u00e9clinaisons (Nasdaq, indices sectoriels, MSCI).<\/p><p>Pour les investisseurs institutionnels, ce fonds pourrait servir d\u2019outil compl\u00e9mentaire dans la construction de portefeuille. Il combine l\u2019exposition \u00e0 un indice de r\u00e9f\u00e9rence et la liquidit\u00e9 d\u2019une blockchain ouverte en continu, une association encore in\u00e9dite.<\/p><p>Les acteurs de la DeFi y trouvent aussi un int\u00e9r\u00eat : ces tokens peuvent servir de <strong>collat\u00e9ral<\/strong>, ce qui cr\u00e9e un pont direct entre march\u00e9s traditionnels et finance d\u00e9centralis\u00e9e.<\/p><p>Reste \u00e0 savoir si l\u2019adoption suivra. Tout d\u00e9pendra des volumes \u00e9chang\u00e9s, de la robustesse technique du protocole et du regard des r\u00e9gulateurs. Une mont\u00e9e en charge progressive est probable, mais SPXA devra prouver qu\u2019il peut r\u00e9pliquer l\u2019indice de mani\u00e8re fiable et s\u00e9curis\u00e9e.<\/p><p>Un point appara\u00eet d\u00e9j\u00e0. <strong>La fronti\u00e8re entre finance classique et finance on-chain<\/strong> devient de plus en plus fine. Si l\u2019essai est concluant, la tokenisation d\u2019indices boursiers pourrait s\u2019imposer comme une tendance durable.<\/p><hr class=\"wp-block-separator has-alpha-channel-opacity\"><p>Source : <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/documents\/index-news-and-announcements\/20250701-press-release-spdji-collaborates-with-centrifuge-to-bring-the-sp-500-index-onchain-expanding-access-to-the-worlds-most-widely-recognized-benchmark.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">S&#038;P Dow Jones Indices<\/a><\/p><hr class=\"wp-block-separator has-alpha-channel-opacity\"><p>Pour aller plus loin sur le sujet :<\/p><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/coinbase-base-layer2-ethereum-blockchain-vitalik\/\">Base, le meilleur Layer 2 ethereum ? Vitalik affirme son soutien pour la blockchain de Coinbase<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/qnb-blockchain-jpmorgan\/\">Paiements bancaires : QNB adopte la blockchain de JPMorgan pour les USD<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/terawulf-google-3-milliards\/\">Crypto-mining et IA : TeraWulf et Google d\u00e9voilent un plan \u00e0 3 Mds $<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>La tokenisation gagne encore du terrain. Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&#038;P 500, sous licence officielle de S&#038;P Dow Jones Indices. Baptis\u00e9 SPXA, ce produit marque une \u00e9tape symbolique. L\u2019indice boursier le plus suivi au monde se d\u00e9cline d\u00e9sormais en version tokenis\u00e9e. Son ambition [&hellip;]<\/p>\n","protected":false},"author":697,"featured_media":169439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,1],"tags":[],"editors":[2551],"sponsored_companies":[],"class_list":["post-169438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-news","editors-julien-leroy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tokenisation RWA : un indice S&amp;P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base<\/title>\n<meta name=\"description\" content=\"Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&amp;P 500 baptis\u00e9 SPXA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tokenisation RWA : un indice S&amp;P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base\" \/>\n<meta property=\"og:description\" content=\"Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&amp;P 500 baptis\u00e9 SPXA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptonews France\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-29T14:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tokenisation RWA : un indice S&amp;P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base\" \/>\n<meta name=\"twitter:description\" content=\"Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&amp;P 500 baptis\u00e9 SPXA.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tokenisation RWA : un indice S&P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base","description":"Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&P 500 baptis\u00e9 SPXA.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/","og_locale":"fr_FR","og_type":"article","og_title":"Tokenisation RWA : un indice S&P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base","og_description":"Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&P 500 baptis\u00e9 SPXA.","og_url":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/","og_site_name":"Cryptonews France","article_published_time":"2025-09-29T14:30:00+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_title":"Tokenisation RWA : un indice S&P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base","twitter_description":"Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&P 500 baptis\u00e9 SPXA.","twitter_image":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/#article","isPartOf":{"@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/"},"author":{"name":"Sarah","@id":"https:\/\/cryptonews.com\/fr\/#\/schema\/person\/5401bcfcf49e37c295d47592a5a71275"},"headline":"Tokenisation RWA : un indice S&amp;P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base","datePublished":"2025-09-29T14:30:00+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/"},"wordCount":800,"publisher":{"@id":"https:\/\/cryptonews.com\/fr\/#organization"},"image":{"@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg","articleSection":["Actualit\u00e9s Blockchain","News"],"inLanguage":"fr-FR","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/cryptonews.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/","url":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/","name":"Tokenisation RWA : un indice S&P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base","isPartOf":{"@id":"https:\/\/cryptonews.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/#primaryimage"},"image":{"@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/#primaryimage"},"thumbnailUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg","datePublished":"2025-09-29T14:30:00+00:00","description":"Centrifuge a choisi la blockchain Base pour y lancer un fonds in\u00e9dit, une version on-chain du S&P 500 baptis\u00e9 SPXA.","breadcrumb":{"@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/"]}],"author":[]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/#primaryimage","url":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg","contentUrl":"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/09\/29123415\/1759149254-cryptonews-39.jpg","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.com\/fr\/news\/tokenisation-centrifuge-indice-spxa-base\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.com\/fr\/"},{"@type":"ListItem","position":2,"name":"Tokenisation RWA : un indice S&amp;P 500 \u00ab\u00a0on-chain\u00a0\u00bb lanc\u00e9 sur Base"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.com\/fr\/#website","url":"https:\/\/cryptonews.com\/fr\/","name":"Cryptonews","description":"","publisher":{"@id":"https:\/\/cryptonews.com\/fr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.com\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/cryptonews.com\/fr\/#organization","name":"Cryptonews France","url":"https:\/\/cryptonews.com\/fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/cryptonews.com\/fr\/#\/schema\/logo\/image\/","url":"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/3\/2023\/09\/4.jpg","contentUrl":"https:\/\/cryptonews.com\/wp-content\/uploads\/sites\/3\/2023\/09\/4.jpg","width":1669,"height":874,"caption":"Cryptonews France"},"image":{"@id":"https:\/\/cryptonews.com\/fr\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts\/169438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/users\/697"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/comments?post=169438"}],"version-history":[{"count":1,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts\/169438\/revisions"}],"predecessor-version":[{"id":169440,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/posts\/169438\/revisions\/169440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/media\/169439"}],"wp:attachment":[{"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/media?parent=169438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/categories?post=169438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/tags?post=169438"},{"taxonomy":"editors","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/editors?post=169438"},{"taxonomy":"sponsored_companies","embeddable":true,"href":"https:\/\/cryptonews.com\/fr\/wp-json\/wp\/v2\/sponsored_companies?post=169438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}