Crypto traders want a token that can move a real share price. The closest thing yet is on BNB Chain, where meme coins now trade directly against tokenized GameStop.

Binance says every tokenized share it issues is backed by a real one held at a custodian.

GameStop’s Tokenized Share Became a Meme Coin

A token called memestock trades against GMEB, Binance’s tokenized GameStop, in a PancakeSwap pool created on August 12. The pool holds more than $200,000 and turned over $543,000 in a day.

There are others, with at least 10 meme coins now using GMEB as their quote asset, among them stockmemes, LONGCZ and BURN. Together, those pools moved…