McDonald s xStock 

MCDX Price

What is the McDonald's xStock (MCDX) tokenized stock?

McDonald's xStock (MCDX) is a tokenized stock — a tracker certificate that gives crypto traders on-chain price exposure to McDonald's Corporation (MCD) shares without a brokerage account. Backed Assets (JE) Limited issues the certificate (ISIN CH1436219534); Backed Finance AG handles tokenization. MCDX exists as a Solana SPL token and an ERC-20 on Arbitrum One, supports fractional positions from roughly $1, and allows self-custody withdrawal. DropsTab classifies MCDX under Tokenized Stock.

Is the MCDX token the same as McDonald's stock (MCD)?

No. MCDX is a tracker certificate that mirrors the MCD share price; McDonald's stock (ISIN US5801351017) is an equity security conferring shareholder rights. MCDX conveys no voting rights and no dividend entitlement. The MCDX market price can also trade at a premium or discount to the underlying share, especially in thin crypto-hours liquidity. The naming split — MCDX on centralized venues, MCDx on the issuer and DEX pools — refers to the same asset.

How does MCDX maintain 1:1 backing with McDonald's shares?

A mint-and-burn mechanism tied to regulated custody keeps backing at 1:1. Each new MCDX token is minted only when underlying McDonald's shares are deposited; redemption burns the token and releases the share. Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG hold the underlying shares as regulated custodians. Issuance and redemption can cost up to 0.50% of investment value; no management fee currently applies, though up to 0.25% per year may be introduced.

What is MCDX's total supply and does it have a maximum?

MCDX has no fixed maximum supply. Supply is an elastic mint-and-redeem inventory: tokens are minted against deposited McDonald's shares and burned on redemption, so the amount in circulation expands and contracts 1:1 with issuance demand — see DropsTab for the live figure. Because no token generation event allocation or lockup exists, MCDX has no vesting schedule and no unlock-driven inflation. Any website publishing an "MCDX unlock calendar" describes a feature the asset does not have.

Which blockchains host MCDX and what are the contract addresses?

MCDX runs on two chains. On Solana, MCDX is an SPL token at address XsqE9cRRpzxcGKDXj1BJ7Xmg4GRhZoyY1KpmGSxAWT2. On Arbitrum One, MCDX is an ERC-20 at 0x80a77a372c1e12accda84299492f404902e2da67, with 18 decimals. The Arbitrum contract is a verified BackedTokenProxy holding minter, burner, and pauser roles. Transfers on Arbitrum pass Chainalysis sanctions-list screening.

Are MCDX holders entitled to McDonald's dividends?

No. MCDX holders receive no dividend payments, because a tracker certificate conveys no shareholder rights. McDonald's Corporation itself pays a quarterly dividend of about $1.86 per share; none of that cash flow passes to MCDX holders. Price tracking is the only economic exposure MCDX provides.

Can US investors buy McDonald's xStock?

No. The MCDX tokens have not been registered under the U.S. Securities Act of 1933, and distribution to US persons and US addresses is prohibited. The product is also not available to UK clients. Primary-offer eligibility is limited to Swiss Professional Clients and EU/EEA Qualified Investors. Secondary trading on crypto venues targets non-US crypto users.

Where can I buy MCDX?

MCDX trades on both centralized and decentralized venues. Per DropsTab data, MCDX/USDT spot pairs run on Bybit, Gate, MEXC, and DigiFinex, while Solana DEX liquidity flows through Raydium and Meteora pools against USDC and SOL. Kraken also lists MCDx with fractional USD buying. Centralized markets use the MCDX ticker and DEX pools use MCDx — the naming differs, the asset is the same.

Does MCDX trade 24/7 like a cryptocurrency?

Yes — with a caveat on hours and pricing. Crypto venue trading runs around the clock, and on-chain DEX pools never close. Kraken describes xStocks as 24/5 markets, with weekend availability in development. The underlying MCD share trades only during NYSE hours. Outside NYSE sessions the MCDX price can drift from the official share close, so premium or discount gaps are widest in thin crypto-hours liquidity.

Is the MCDX airdrop legit?

No. No official MCDX airdrop exists — Backed, Kraken, and the xStocks project have never announced one, and MCDX has no airdrop, points campaign, or retrodrop. Pages posing as an "MCDX airdrop checker" that ask users to verify wallet ownership follow a phishing pattern and should be treated as scams. MCDX is distributed only through regulated venues and on-chain liquidity.