{"id":175797,"date":"2025-11-30T12:00:00","date_gmt":"2025-11-30T12:00:00","guid":{"rendered":"https:\/\/cryptonews.com\/fr\/?p=175797"},"modified":"2025-11-30T10:33:47","modified_gmt":"2025-11-30T10:33:47","slug":"nasdaq-tokenisation-actions-priorite","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/fr\/news\/nasdaq-tokenisation-actions-priorite\/","title":{"rendered":"Nasdaq : la tokenisation d\u2019actions devient la priorit\u00e9 num\u00e9ro 1 face \u00e0 la SEC"},"content":{"rendered":"<p>Nasdaq a clarifi\u00e9 sa strat\u00e9gie sur les actifs num\u00e9riques. La priorit\u00e9 absolue n\u2019est plus un nouvel ETF crypto ni un simple service de donn\u00e9es. Le groupe veut surtout obtenir l\u2019accord de la SEC pour lancer des actions et des ETF tokenis\u00e9s sur son march\u00e9 principal. Matt Savarese, responsable des actifs num\u00e9riques, pr\u00e9sente ce dossier comme le chantier num\u00e9ro un de sa feuille de route.<\/p><h2 class=\"wp-block-heading\"><strong>Un plan d\u2019actions tokenis\u00e9es en haut de l\u2019agenda<\/strong><\/h2><span class=\"replacer\"><\/span><p>Le 8 septembre 2025, Nasdaq a <a href=\"https:\/\/www.nasdaq.com\/newsroom\/qa-nasdaqs-new-proposal-tokenized-securities\" target=\"_blank\" rel=\"noreferrer noopener\">d\u00e9pos\u00e9 aupr\u00e8s de la SEC<\/a> une modification de ses r\u00e8gles de march\u00e9. L\u2019objectif est <strong>d\u2019autoriser l\u2019\u00e9change de repr\u00e9sentations num\u00e9riques d\u2019actions<\/strong> et d\u2019ETP d\u00e9j\u00e0 list\u00e9s, inscrites sur une infrastructure de type blockchain.<\/p><p>Pour l\u2019investisseur, le droit reste le m\u00eame. Il d\u00e9tient toujours une action classique, avec les m\u00eames protections. La nouveaut\u00e9 se joue dans les coulisses, au niveau du suivi et du r\u00e8glement des titres.<\/p><p>Depuis ce d\u00e9p\u00f4t, le projet a pris le dessus sur les autres chantiers digitaux. Savarese <a href=\"https:\/\/www.rootdata.com\/news\/444791\" target=\"_blank\" rel=\"noreferrer noopener\">le d\u00e9crit<\/a> comme la <strong>priorit\u00e9 num\u00e9ro un de sa strat\u00e9gie<\/strong>. Il dit vouloir avancer vite, tout en r\u00e9pondant aux questions de la SEC.<\/p><p>Nasdaq insiste sur cette continuit\u00e9. La bourse ne veut pas cr\u00e9er un march\u00e9 parall\u00e8le r\u00e9serv\u00e9 aux initi\u00e9s de la crypto. Elle compte conserver les m\u00eames r\u00e8gles d\u2019information, les m\u00eames garde-fous et les m\u00eames outils de surveillance. Ce qui change, c\u2019est le support technique des titres et la fa\u00e7on dont ils circulent entre courtiers et banques.<\/p><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Nasdaq&#039;s head of digital assets explains exchange&#039;s push to launch trading of tokenized stocks\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/6ffzbUH0u3o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading\"><strong>Pourquoi le Nasdaq parie sur la tokenisation \u00ab dans \u00bb le syst\u00e8me<\/strong><\/h2><span class=\"replacer\"><\/span><p>Derri\u00e8re ce virage, il y a un <strong>enjeu d\u2019efficacit\u00e9<\/strong> tr\u00e8s concret. Aujourd\u2019hui, une transaction sur action d\u00e9clenche encore une cha\u00eene de back-office qui passe par plusieurs interm\u00e9diaires. Chaque maillon ajoute des co\u00fbts, des d\u00e9lais et des risques d\u2019erreur. Avec des titres tokenis\u00e9s, Nasdaq vise de<strong>s r\u00e8glements plus rap<\/strong>ides, une meilleure visibilit\u00e9 sur les positions et un collat\u00e9ral plus simple \u00e0 mobiliser.<\/p><p>Plusieurs \u00e9tudes cit\u00e9es par l\u2019industrie \u00e9voquent des \u00e9conomies importantes. Certaines parlent de baisses de co\u00fbts de 30 \u00e0 50 % sur certains processus de post-march\u00e9.<\/p><p>Le mouvement s\u2019inscrit aussi dans une <strong>bataille de narratif<\/strong>. Depuis des ann\u00e9es, ce sont surtout des projets crypto natifs qui parlent d\u2019actifs du monde r\u00e9el et de finance programmable. Avec ce plan, Nasdaq reprend la main. Il propose une version des RWA adoss\u00e9e \u00e0 des titres connus, sous supervision de la SEC.<\/p><p>Pour l\u2019\u00e9cosyst\u00e8me crypto, le signal reste plus nuanc\u00e9. La <a href=\"https:\/\/cryptonews.com\/fr\/news\/swisschain-holding-sa-tokenisation-de-ses-bons-de-participation\/\">tokenisation<\/a> port\u00e9e par une grande bourse <strong>valide la th\u00e8se des RWA<\/strong>. Cependant, les premiers projets semblent se dessiner sur des r\u00e9seaux tr\u00e8s encadr\u00e9s, parfois ferm\u00e9s au grand public. La valeur cr\u00e9\u00e9e pourrait donc se concentrer dans des infrastructures priv\u00e9es, plut\u00f4t que sur les grandes cha\u00eenes publiques.<\/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\">\ud83d\udea8 NASDAQ MOVES FAST ON TOKENIZED STOCKS : BIG BOOST FOR CRYPTO <br><br>Nasdaq\u2019s digital assets chief Matt Savarese says they\u2019re pushing \u201cas fast as we can\u201d to secure SEC approval for tokenized versions of publicly traded stocks. <br><br>Why Tokenized Stocks Benefit <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> &amp; Crypto:<br><br>&#8211; DeFi\u2026 <a href=\"https:\/\/t.co\/f1FjjPmrU8\">pic.twitter.com\/f1FjjPmrU8<\/a><\/p>&mdash; CryptosRus (@CryptosR_Us) <a href=\"https:\/\/twitter.com\/CryptosR_Us\/status\/1995039350929731960?ref_src=twsrc%5Etfw\">November 30, 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>SEC, calendrier, RWA : ce que la bataille va d\u00e9cider<\/strong><\/h2><span class=\"replacer\"><\/span><p>La suite d\u00e9pend d\u00e9sormais de la SEC. Si le r\u00e9gulateur approuve la r\u00e9forme, Nasdaq deviendra la <strong>premi\u00e8re grande bourse am\u00e9ricaine \u00e0 proposer des actions tokenis\u00e9es<\/strong> dans un cadre int\u00e9gralement supervis\u00e9. \u00c0 l\u2019inverse, un refus ou un report prolong\u00e9 maintiendrait ces exp\u00e9rimentations \u00e0 la marge.<\/p><p>Le calendrier reste ouvert. Savarese dit <strong>esp\u00e9rer un feu vert en 2025<\/strong>. Il reconna\u00eet cependant que le rythme du dialogue avec la SEC sera d\u00e9terminant. En attendant, Nasdaq teste les briques techniques n\u00e9cessaires. Le groupe s\u2019appuie sur son historique : fin du papier, passage au tout \u00e9lectronique, puis automatisation progressive du post-march\u00e9.<\/p><p>Les enjeux d\u00e9passent largement le seul march\u00e9 actions. Si la r\u00e9forme passe, elle pourra <strong>servir de mod\u00e8le<\/strong> pour des obligations, des fonds ou des <a href=\"https:\/\/cryptonews.com\/fr\/news\/us-bank-stablecoin-stellar\/\">produits structur\u00e9s tokenis\u00e9s<\/a>. Elle donnerait aussi un avantage aux bourses capables d\u2019op\u00e9rer \u00e0 la fois le march\u00e9, l\u2019infrastructure blockchain et les services de post-march\u00e9. Pour les projets crypto qui r\u00eavaient de concurrencer Wall Street sur les RWA, le message est clair. La finance traditionnelle adopte leurs outils, mais garde la main sur le centre du jeu.<\/p><hr class=\"wp-block-separator has-alpha-channel-opacity\"><p>Source : <a href=\"https:\/\/www.nasdaq.com\/newsroom\/qa-nasdaqs-new-proposal-tokenized-securities\" target=\"_blank\" rel=\"noreferrer noopener\">Nasdaq<\/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\/xrpc-attire-26-millions-en-30-minutes-nasdaq\/\">XRPC attire 26 millions $ en 30 minutes sur le Nasdaq<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/swisschain-holding-sa-tokenisation-de-ses-bons-de-participation\/\">SwissChain Holding SA inaugure une nouvelle \u00e8re financi\u00e8re avec la tokenisation de ses bons de participation<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/us-bank-stablecoin-stellar\/\">Apr\u00e8s JPMorgan, U.S. Bank teste un stablecoin sur Stellar : nouvelle \u00e9tape pour la finance tokenis\u00e9e<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Nasdaq a clarifi\u00e9 sa strat\u00e9gie sur les actifs num\u00e9riques. La priorit\u00e9 absolue n\u2019est plus un nouvel ETF crypto ni un simple service de donn\u00e9es. Le groupe veut surtout obtenir l\u2019accord de la SEC pour lancer des actions et des ETF tokenis\u00e9s sur son march\u00e9 principal. Matt Savarese, responsable des actifs num\u00e9riques, pr\u00e9sente ce dossier comme [&hellip;]<\/p>\n","protected":false},"author":697,"featured_media":175798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42,1],"tags":[],"editors":[2551],"sponsored_companies":[],"class_list":["post-175797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-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>Nasdaq : la tokenisation d\u2019actions devient la priorit\u00e9 num\u00e9ro 1 face \u00e0 la SEC<\/title>\n<meta name=\"description\" content=\"Le groupe veut obtenir l\u2019accord de la SEC pour lancer des actions et des ETF tokenis\u00e9s sur son march\u00e9 principal.\" \/>\n<meta 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