Solana
MCDx is a Backed tracker certificate representing one MCD share, held one-for-one with a regulated custodian. It trades as a permissionless SPL token on Solana. Note that this token has recently traded at a persistent premium to the underlying share.
McDonald's Corporation exposure, fractional and on-chain from $1.
Prism analyst note
MCDx tracks McDonald's Corporation one-for-one, but its on-chain market is thin and it has been quoting above the underlying share price. Check the premium shown on the trade panel before buying: you are paying the token's market price, not the share price.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- One MCD share, held 1:1
- Legal structure
- Swiss DLT tracker certificate issued by a bankruptcy-remote SPV
- Jurisdiction
- Liechtenstein / Switzerland
- Custodian
- Regulated third-party custodian (Backed programme)
- Administrator
- Backed Finance AG
- Reserve information
- Fully collateralised by MCD held with a regulated custodian.
- Transfer restrictions
- Freely transferable SPL token. No allowlist and no KYC to hold or transfer on the secondary market.
- Investor eligibility
- Non-US persons (Reg S)
- KYC required
- No, permissionless transfers
- Launched
- Jun 30, 2025
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Documents & disclosures
Frequently asked
Why is the token price above the share price?+
It trades on its own thin on-chain market. Demand can hold it above the underlying for extended periods.
Do I need KYC?+
Not to hold or trade it on-chain. Redemption with the issuer requires verification.
