TL;DR:
- Aster DEX added perpetual futures for MiniMax, Tencent, Xiaomi and Pop Mart, offering Hong Kong equity exposure through crypto wallets without brokerage onboarding.
- The platform claims first-mover status among perpetual DEXs, with 24/7 long or short trading and up to 3x leverage beyond market hours.
- Its RWA Sprint cut taker fees to 0.9 basis points, kept maker fees at 0 and supports multi-asset derivatives expansion beyond equities for traders.
Aster DEX has expanded its perpetual futures marketplace into Hong Kong equities, bringing four major stocks to crypto-wallet-based trading with up to 3x leverage and 24/7 access. The rollout covers MiniMax Group, Tencent Holdings, Xiaomi Corporation and Pop Mart International Group, assets that traditionally required a Hong Kong brokerage account. A wallet now replaces the brokerage gateway, at least for this derivatives format. The move is intriguing because it does not tokenize shares directly; instead, it turns familiar equity exposure into perpetual contracts inside a decentralized trading venue for crypto-native users at scale now.
Four HK equities now live on Asterļ¼$MINIMAX, $TENCENT, $XIAOMI, $POPMART, up to 3x leverage.
Aster is the first perp DEX to list Hong Kong equities. These names used to require a HK brokerage account. From today, a wallet is enough. You can long or short with leverage, 24/7.ā¦ pic.twitter.com/REHPKueSKD
— Aster š„· (@Aster_DEX) May 11, 2026
Aster Pushes Perpetuals Into TradFi Territory
The headline claim is that Aster is the first perpetual DEX to list Hong Kong equities, giving traders long or short exposure without following conventional stock-market hours. Round-the-clock equity access is the product hook, especially for users already managing collateral and risk through crypto wallets globally. That access changes the user workflow, but also changes the risk profile. Equity names with deep traditional liquidity are being repackaged into leveraged perpetuals, where funding dynamics, collateral management and liquidation mechanics can matter as much as the underlying companyās performance during volatile sessions once equities never sleep onchain.
The selected names give the launch broader market range rather than a single-sector experiment. MiniMax traded around HK$728, Tencent around HK$465, Xiaomi near HK$31.80 and Pop Mart around HK$169, with each representing different liquidity, capitalization and sector exposure inside Hong Kongās market. Real-world asset breadth is becoming the strategic layer, since Aster is not stopping at equities. Its RWA Sprint Season 1 cut taker fees across RWA pairs to 0.9 basis points from 4, kept maker fees at 0, and runs through June 7 for current and future pairs without separate brokerage onboarding or schedules.
The expansion also sits alongside Asterās broader push into multi-asset decentralized derivatives, including more perpetual futures listings across token, equity-linked and thematic markets. Newer listings span NOT, BILL, SOXL, B3, CFX, IO, STEEM and AGT, with an AGT rewards pool worth $50,000 running from May 7 to May 14. Incentives are being layered onto market expansion, which can accelerate early volume but also tests whether demand persists after campaigns end. The next benchmark is whether wallet-based equity perps become routine trading infrastructure or remain a novelty for crypto-native speculators across cycles in active markets.
