You can now long Tencent at 2 AM on a Sunday from a crypto wallet. Aster DEX just made it real by listing four Hong Kong equities as perpetual futures contracts, accessible directly through Trust Wallet.

The four stocks available for perpetual trading are Tencent, Xiaomi, Minimax, and Pop Mart, each offering up to 3x leverage.

How it works

Trust Wallet has integrated Aster-backed perpetual futures directly into its app. Users can trade from self-custody, meaning they maintain control of their private keys while accessing instruments that look a lot like what you’d find on a centralized exchange or traditional trading platform.

The integration goes well beyond Hong Kong stocks. Trust Wallet now supports over 100 perpetual futures markets through Aster DEX, with leverage reaching up to 100x on crypto pairs. Separately, it also offers up to 50x leverage through Hyperliquid, another decentralized perpetuals platform.

The Hong Kong equity perpetuals are capped at a more conservative 3x leverage.

Volume tells a story

Aster DEX has been having a moment. The platform’s perpetual futures trading volume surged from $3.26B to $25.77B in a matter of days.

Why Hong Kong, and why these four

The four names are deliberately recognizable. Tencent is one of the world’s largest tech conglomerates. Xiaomi is a consumer electronics giant. Pop Mart is a fast-growing collectibles and lifestyle brand. Minimax, an AI startup, rounds out the group with exposure to the artificial intelligence theme.

What this means for investors

The real innovation isn’t just that you can trade Hong Kong stocks as perpetuals. It’s that you can do it from a self-custody wallet, removing the intermediary layer entirely: no broker, no KYC-gated exchange, no market hours.

Equity-linked perpetuals on decentralized platforms are synthetic instruments. You’re not buying shares of Tencent. You’re trading a contract that tracks Tencent’s price, and the accuracy of that tracking depends on oracle feeds, liquidity depth, and funding rate mechanics.