Question 1

What is MCDx?

Accepted Answer

MCDx is the token ticker for McDonald's xStock, issued by Backed Assets (JE) Limited in the form of a tracker certificate. Its investment objective is to track the price of McDonald's Corporation stock and provide this type of price exposure as an onchain token to eligible participants. MCDx is not McDonald's Corporation common stock itself. Holding the token should not be understood as directly registered ownership of McDonald's shares or an automatic entitlement to common-shareholder rights; its rights and risks are subject to the product documentation for the tracker certificate.

Question 2

What underlying asset does MCDx correspond to?

Accepted Answer

The underlying tracked by MCDx is stock in McDonald's Corporation, with the ticker MCD. The company, the underlying security, and the onchain certificate are three distinct layers: McDonald's Corporation issues common stock, MCD is the trading ticker for that common stock, and MCDx is a tokenized certificate that tracks its price. Therefore, movements in the underlying share price are an important reference for understanding MCDx price exposure, but the actual execution price of the onchain token may also be affected by conditions such as venue liquidity, bid-ask spreads, and trading hours.

Question 3

Which blockchains can MCDx be used on?

Accepted Answer

MCDx is issued in two token formats: ERC-20 and Solana SPL. The ERC-20 version can be used on Ethereum and EVM-compatible network environments; the SPL version is for Solana. The token format determines the wallet, network-fee asset, and contract-interaction environment. Before transferring, you need to confirm which format you hold and use a chain and wallet compatible with that format; addresses or assets on different networks cannot be directly treated as interchangeable.

Question 4

How is MCDx related to xStocks?

Accepted Answer

MCDx is a product in the xStocks product range. xStocks describes its products as tokenized representations of selected U.S. stocks and ETFs backed one-to-one by underlying securities held with regulated custodians; MCDx's specific product page defines it as a certificate tracking the price of MCD. One-to-one backing describes the product's asset-backing arrangement; it does not convert the token into common stock of the issuing company. The xStocks page also states that redemption may be made for equivalent cash or the underlying asset, but whether and how redemption is available depends on product documentation, participant eligibility, and applicable procedures.

Question 5

What product fees may be involved in holding or using MCDx?

Accepted Answer

MCDx currently charges no management fee; the product page also states that a management fee of up to 0.25% per year may be introduced in the future. This rate is a potential product fee accrued over the holding period and is not the same as a one-time network fee. For issuance or redemption, fees may be up to 0.50% of the amount entering or exiting the investment. In addition, users may incur network fees or trading-venue fees when transferring or trading onchain; these fees arise at different stages from product issuance or redemption fees.

Question 6

Who can use or acquire MCDx?

Accepted Answer

Availability of MCDx is subject to eligibility and geographic restrictions. The xStocks page explicitly states that the product is not offered to U.S. persons and lists restrictions including the United States, the United Kingdom, Canada, Australia, and sanctioned jurisdictions; partner access is also subject to eligibility screening. Therefore, a wallet's ability to receive tokens does not automatically prove that a person is eligible to purchase, issue, or redeem them. Before use, you need to separately confirm whether restrictions related to residence, identity, the platform used, and product documentation apply.

McDonald's xStock (MCDX) Price

Price of McDonald's xStock (MCDX) Today in USD