Four.meme, a launchpad on BNB Chain, has introduced a tokenized stock product called 4Stock. The first token, BNC4, is backed 1:1 by shares of CEA Industries (BNC), a BNB treasury company. BNC shares surged over 90% in pre-market trading before settling around 60% higher at $5.7. On-chain BNC4 trades at $6.8 with a circulating market cap of $5.8 million.
BNC4, a tokenized stock asset on BSC, fell in a short-term move to $6.9, pushing its market capitalization below $4 million, according to GMGN data cited by BlockBeats on Sept. 8. Separate market data from BIT (bit.com) showed that U.S.-listed BNC was trading at $5.6 in premarket activity. The gap between the on-chain tokenized version and the underlying stock narrowed as a result. BlockBeats also noted that BNC4 is the first 4Stock tokenized stock asset. The 4Stock concept originated from the "stock Meme" narrative introduced by Four.meme. Under that structure, 4Stock first issues base assets linked to stocks, then allows the community to launch meme tokens using those assets as the underlying pool. BNC4 is described as being pegged 1:1 to BNC, a BNB treasury company, while the meme token "4Stock" corresponds to the BNC4 pool. BlockBeats added a risk reminder, saying many meme coins do not have practical use cases and can see large price swings.
Shares of CEA Industries (BNC), a company linked to the BNB Chain treasury, surged over 90% in pre-market trading before paring gains to 60% and trading near $5.55. The move came after BNB Chain's Launchpad Four.meme introduced 4Stock, a pre-bStock tokenized stock product backed 1:1 by real equities. The first offering, BNC4, corresponds to CEA Industries (ticker BNC). The associated meme coin 4Stock (paired with BNC4) has reached a market cap of $55 million.
On September 8, the Binance-listed stock BNC (CEA Industries) contract reached its maximum positive funding rate of 2%, with the annualized rate soaring to 2190%, as long positions overwhelmingly dominate shorts. Meanwhile, on-chain BSC token BNC4 trades at nearly 3x the premium over the underlying stock's night session price, currently at $12.6, while BNC night session is at $4.2.
BNC4, a tokenized stock-themed asset on BNB Smart Chain, was again trading at a premium of more than 150% to the U.S. after-hours price of BNC, according to GMGN data cited by BlockBeats on Sept. 8. BNC4 was quoted at $10.6, while its market capitalization rebounded from a low of $3 million to $6 million. Separately, market data from BIT (bit.com) showed BNC rising nearly 20% in U.S. after-hours trading to $4.16. The report said 4Stock is a "stock meme" narrative launched by Four.meme. Under that structure, the platform first introduces a base 4Stock asset linked to a stock asset, then allows the community to issue meme tokens using that asset as the liquidity pool base. BNC4 is the first 4Stock product and is pegged 1:1 to the corresponding stock asset. BlockBeats also cautioned that the related tokens are highly volatile and that users should be careful when investing.
Binance co-founder Changpeng Zhao, known as CZ, posted on X on Sept. 8 that 「IPOs will move on chain」. Within minutes, BSC meme launchpad Four.meme introduced 4Stock, a new stock-token issuance model, and launched BNC4, a token described as 1:1 backed by shares of CEA Industries, whose Nasdaq ticker is BNC. Odaily reported that the first meme token paired with BNC4, called 4Stock, surged rapidly after launch. In about three hours, its market capitalization briefly reached $90 million before pulling back to around $40 million. During the same stretch, BNC4 climbed above $30 at one point, while BNC shares were quoted at $5.5 in premarket trading after rising more than 50%. The article also highlighted several profit cases. According to Lookonchain, one trader identified as 0xbebb…7c3f44 spent roughly $4,400 on 4Stock and was sitting on an unrealized gain of $1.08 million at press time without selling. Trader 0xShawn said he put in about $30,000 and ended up with about $230,000. Odaily said the structure behind those trades rests on a manual minting process, where users send USDC to a designated wallet, submit a form, and wait for Four.meme to buy the underlying stock and mint tokens based on the stock price rather than the onchain BNC4 price.
Odaily market data shows BNC4 currently trading at $9.6 with a market cap of $5.6 million. The token's price has deviated significantly from its underlying stock value, likely due to the absence of underlying shares for arbitrage.
According to Odaily market data, BNC4 briefly broke through $14, with its market capitalization temporarily reported at $8 million. The token showed a short-term price surge, drawing market attention.
