Tokenized McDonald's stock (MCD)

Instrument and holder rights

Ondo Global Markets (BVI) Limited, British Virgin Islands

MCDON is a collateralized structured note linked to McDonald's: a debt instrument with redemption rights and a security interest in its backing. Holder rights are governed by Swiss law; the token does not confer ownership of the underlying security.

How dividends and distributions are reflected

When the underlying security pays a distribution, Ondo reinvests the proceeds net of applicable withholding and reflects them in the token’s value. On Solana and BNB Chain, wallets that support display scaling show the result through an adjusted balance and unit price; the raw on-chain amount stays unchanged. There is no separate dividend payment to the wallet.

Issuer documentation

Withdrawals observed at exchanges

Venues with withdrawal data

BingX, Gate.io

Venues with open withdrawals

2 · BingX, Gate.io

Observations from 04 Nov 2026, 21:07 UTC

Instrument and holder rights

Backed Assets (JE) Limited, Jersey · xStocks

MCDX is a collateralized tracker certificate linked to McDonald's. It is an issuer debt instrument; voting rights attached to the underlying security do not transfer to the token holder.

How dividends and distributions are reflected

When the underlying security pays a distribution, xStocks reinvests the proceeds net of applicable withholding. A multiplier increases the adjusted token balance. On Solana, the raw on-chain amount stays unchanged; interfaces apply the multiplier when displaying the balance.

Issuer documentation

Withdrawals observed at exchanges

Venues with withdrawal data

Bybit, Gate.io

Venues with open withdrawals

2 · Bybit, Gate.io

Observations from 04 Nov 2026, 21:07 UTC