Decentralized exchange PancakeSwap has rolled out a new “Stock Perpetuals” category that lets users trade on-chain futures linked to Apple, Amazon and Tesla shares with up to 25-times leverage. The contracts, live since 5 August on BNB Chain, are settled entirely in crypto wallets and mirror underlying equity prices without requiring a traditional brokerage account. The synthetic instruments track real-world stock prices through decentralized infrastructure and trade during regular U.S. market hours, 13:30–20:00 UTC, Monday to Friday. PancakeSwap cautioned that high leverage can amplify gains and losses, urging traders to understand the risks. The launch underscores growing interest in tokenized equities. Solana-based platform xStocksFi said the value of trades on its tokenized-stock offerings surpassed $2 billion just one month after going live, with its Tesla derivative alone generating $20.9 million in volume and attracting more than 10,000 holders. Binance Research estimates trading in tokenized stocks jumped 220 percent in July and could expand into a $1.3 trillion market as adoption accelerates.