PancakeSwap X lists tokenized RWAs including AAPLX and NVDAX

You can now trade a tokenized version of NVIDIA stock on a decentralized exchange with 25x leverage.

PancakeSwap X, the perpetual trading arm of the largest DEX on BNB Chain, has listed more than 60 tokenized real-world assets on its platform. The lineup includes AAPLx (Apple), NVDAx (NVIDIA), and a roster of other major market names, all tradeable without ever leaving your crypto wallet.

What PancakeSwap X is actually offering

PancakeSwap X is not selling you actual Apple or NVIDIA shares. It’s offering perpetual contracts that track the prices of these assets: you’re betting on whether a stock goes up or down, using crypto infrastructure instead of a brokerage account, with leverage that goes up to 25x.

The platform first introduced stock perpetuals on August 5, 2025, starting with tickers for Apple (AAPL), Amazon (AMZN), and Tesla (TSLA). That initial batch has now ballooned to over 60 RWA listings.

NVDAx, the tokenized tracker for NVIDIA, is currently priced between $214.52 and $220.64, with a 24-hour trading volume of roughly $6.9 million.

These RWA perpetuals are only available during US market hours. All of this lives exclusively on BNB Chain. PancakeSwap X does offer crypto perpetuals on Arbitrum and Ethereum, but if you want the RWA exposure, you’re routing through Binance’s home chain.

The bigger picture: DeFi meets Wall Street, again

PancakeSwap’s approach packages these assets as perpetual contracts rather than tokenized securities. PancakeSwap also provides analytics for its tokenized assets through RWA.xyz. Users retain wallet custody of their assets throughout the trading process.

What this means for investors

A DeFi trader can use yield-bearing stablecoins as collateral, open a 25x leveraged position on a tokenized stock perpetual, and manage the entire position through a single wallet. Because these are perpetual contracts rather than actual equity positions, traders don’t receive dividends, voting rights, or any of the other perks of stock ownership.

For BNB Chain specifically, having a flagship DeFi application bring 60-plus tokenized assets exclusively to BNB Chain gives the network a differentiated use case. The $6.9 million in 24-hour volume for NVDAx alone suggests genuine demand.

                    **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.