Aster DEX has become the first decentralized perpetual exchange to list Hong Kong equities, enabling crypto users to trade four major stocks with up to 3x leverage directly from their wallets. The move, announced on May 11, 2026, marks a significant fusion of traditional financial markets with DeFi.
The new perpetual contracts cover MiniMax Group (0100.HK), Tencent Holdings (0700.HK), Xiaomi Corporation (1810.HK), and Pop Mart International Group (9992.HK). These stocks, which previously required a Hong Kong brokerage account and were limited to exchange hours, can now be traded 24/7 as leveraged perpetuals on the Aster DEX. According to the platform, traders can take long or short positions with maximum 3x leverage, a feature absent in conventional spot equity markets.
Data as of May 11 showed Tencent trading around HK$465 (down 1.36% on the day) with a market cap of ~HK$4.2 trillion, Xiaomi at HK$31.80 (market cap ~HK$821 billion), MiniMax at HK$728 (market cap ~HK$228.3 billion) and Pop Mart at HK$169 (up 0.59%, market cap ~HK$223 billion). The stocks represent diverse sectors—gaming & internet, consumer electronics, pop culture retail, and another firm—giving traders broad exposure to Hong Kong’s market.
This expansion is part of Aster’s wider push into real-world assets (RWA). The exchange launched an RWA Sprint Season 1 on May 7, cutting taker fees on all RWA pairs to just 0.9 basis points (from 4) and keeping maker fees at zero through June 7. New perpetual listings have also been added for assets tied to semiconductors, AI protocols, and more, including NOT, BILL, SOXL, B3, CFX, IO, STEEM, and AGT (the token of Alaya AI’s decentralized data labeling platform). To boost adoption, a $50,000 ASTER rewards pool was opened for AGT trading from May 7 to 14, and Stage 6 of the ASTER token airdrop was completed with 620,608 ASTER distributed—50% burned, 50% sent to the treasury, and a claim period still open.
Aster DEX positions itself as a multi-asset decentralized derivatives hub, connecting crypto, tokenized RWAs, equities, and themed indices. The listing of Hong Kong stock perpetuals not only removes brokerage onboarding hurdles but also tests whether wallet-based equity derivatives can become a mainstream tool or remain a novelty for crypto-native speculators.
