McDonald's (Ondo Tokenized Stock) 

MCDON Price

What is MCDON (McDonald's Ondo Tokenized Stock)?

MCDON is a tokenized equity giving crypto users on-chain exposure to McDonald's Corporation (NYSE: MCD) common stock. Issuer Ondo Global Markets (BVI) Limited packages one MCD share's economic performance into a transferable ERC-20 token. Each token tracks the share's total return — price movement plus reinvested dividends. The Ondo Stocks platform covers 440+ tokenized US stocks and ETFs. RWA.xyz records the MCDon inception date as July 31, 2025.

Do tokenized McDonald's shares pay dividends?

McDonald's pays dividends, but MCDON does not distribute them in cash. The token is a total-return tracker — dividends from the underlying stock are automatically reinvested into the position, net of applicable withholding taxes. Corporate actions such as stock splits are reflected in the token. Holders capture dividend economics through the token's value rather than through payouts.

What asset backs the MCDON token?

One MCDON token is backed by underlying McDonald's shares held with custodian Alpaca Securities LLC. Crypto custody sits with BitGo. An independent Verification Agent checks backing daily. A Security Agent holds a first-priority security interest in the underlying assets for tokenholders' benefit. BPM UK Audit Ltd acts as auditor.

Why does MCDON have no fixed maximum supply?

MCDON supply floats 1:1 with the underlying McDonald's shares held. Tokens are minted on subscription and burned on redemption, so no cap exists and any supply figure is a moving snapshot, not a protocol constant. The token is an ERC-20 contract on Ethereum. RWA.xyz also lists native deployments on BNB Chain and Solana.

Where can you buy MCDON — CEX, DEX, or the Ondo platform?

Per DropsTab data, MCDON's tracked liquidity sits entirely on centralized spot venues — Gate, BingX, and MEXC all quote MCDON/USDT — with no decentralized-exchange pools and no derivatives markets tracked. CEX volumes remain modest compared with NYSE-listed MCD. The deepest exit for large size is Ondo's own mint-and-redeem rail, not the listed pairs.

How does Ondo's mint and redemption work for MCDON?

Eligible users mint and redeem MCDON instantly against USDC at the underlying security's prevailing value — 24 hours a day, five days a week. Ondo's just-in-time model routes orders into traditional NYSE/Nasdaq liquidity. The issuer reports the model cut price impact on a $200k SPY trade from roughly 200 bps to roughly 2 bps. RWA.xyz lists primary-market fees at 0%.

Can US residents buy MCDON?

US residents cannot access the primary MCDON product. Ondo offers the token only to eligible non-US persons after KYC/AML onboarding, under the Regulation S exemption of the US Securities Act. In the EEA, a base prospectus was approved by Liechtenstein's FMA. In the UAE, some Ondo tokens trade on Nest Exchange (ADGM).

What risks does MCDON carry vs owning MCD stock directly?

MCDON carries market-hours basis risk: crypto pairs trade on weekends while the underlying NYSE stock does not, so the token's price can drift from net asset value. CEX liquidity for MCDON/USDT is thin relative to NYSE. The primary redemption rail is KYC-gated and closed to US persons. MCDON confers economic exposure, not direct share ownership.