What Is McDonald's Tokenized Stock (Ondo) (MCDON) and How Does It Work?
McDonald’s Tokenized Stock (Ondo) (MCDON) is a blockchain-based representation of McDonald’s Corporation shares (NYSE: MCD) created by
Ondo Finance. Instead of holding the traditional stock through a brokerage account, investors can buy MCDON tokens, which mirror the price movements and economic exposure of McDonald’s stock. This includes reflecting corporate actions such as dividends, which Ondo integrates into the token’s value.
MCDON works by linking each token to the underlying equity through Ondo’s tokenization model. Tokens are issued and backed by shares held with a regulated custodian, ensuring a 1:1 representation of McDonald’s stock. Holders can trade these tokens on supported exchanges like BingX for easier access, fractional ownership, and global liquidity. This makes MCDON an innovative bridge between traditional equity markets and blockchain finance.
When Did McDonald's Tokenized Stock (Ondo) Launch?
McDonald’s Tokenized Stock (Ondo), ticker MCDon, is part of Ondo Finance's
Ondo Global Markets’ portfolio of
tokenized U.S. stocks and ETFs. According to RWA.xyz, MCDon’s inception date is July 31, 2025. Ondo Finance was founded in 2021 by Nathan Allman and Pinku Surana. Nathan Allman serves as CEO. Other leadership includes Justin Schmidt as President and Ian De Bode as Chief Strategy Officer.
The launch of MCDon is part of the broader rollout of Ondo Global Markets, which aims to bring tokenized exposure to U.S. equities and ETFs on-chain for non-U.S. investors, with regulated custody, minting/redeeming, and no management or redemption fees in many cases.
Ondo Tokenized Stocks' and MCDON Roadmap
- 2021 – Ondo Finance founded; early product development, including tokenizing real-world assets like treasuries, bonds, stable yield products.
- Early-2024 – “Ondo Global Markets” is conceptualized as the platform that treats blockchain tokens as messaging layers for regulated broker-dealers and custodians. Expansion beyond cash equivalents.
- July 31, 2025 – MCDon is officially launched under Ondo’s tokenized stock offerings.
- September 3, 2025 – Ondo, via a collaboration with Alpaca, launches with over 100 tokenized U.S. stocks & ETFs on the Ondo Global Markets platform for non-U.S. investors. This rollout includes assets like MCDon, enabling minting, redeeming, and peer-to-peer transfer.
- Near-term / Ongoing – Expand the number of tokenized assets to 1,000+ by end of year across more blockchains and jurisdictions; improve liquidity; increase usability via integrations into DeFi; ensure regulatory compliance and better user access.
What Is the MCDON Token Used for?
The MCDON token is used to provide blockchain-based exposure to McDonald’s Corporation stock (NYSE: MCD). Holding MCDON allows investors to mirror the performance of McDonald’s shares, including price appreciation and dividend exposure, while benefiting from the speed, liquidity, and fractional ownership enabled by tokenization. It’s designed for global investors seeking access to U.S. equities without going through traditional brokerage channels.
You can trade MCDON tokens on the
BingX spot market by searching for the
MCDON/USDT pair, entering the amount you want to buy or sell, and confirming your order instantly. This lets you access McDonald’s stock exposure directly in crypto form, with seamless execution and secure settlement on BingX.
What Is McDonald's Tokenized Stock (Ondo) Tokenomics?
McDonald’s Tokenized Stock (Ondo) (MCDON) follows a straightforward tokenomics model designed to mirror the value of McDonald’s Corporation shares (MCD) on a 1:1 basis. Each token is backed by underlying equity held with regulated custodians through Ondo Global Markets. Unlike many cryptocurrencies, MCDON does not have a capped supply or pre-minted allocation. Instead, supply expands or contracts based on investor demand through minting and redeeming processes tied directly to the underlying stock.
Because the token reflects real-world equity, there are no management or performance fees, and dividends from McDonald’s shares are either reinvested or integrated into the token’s value. This makes MCDON’s tokenomics unique: rather than focusing on inflation schedules or emission models, its economics are anchored to the performance of McDonald’s stock and the operational mechanics of Ondo’s tokenization framework.
What Blockchain Network Does McDonald's Tokenized Stock (Ondo) Operate on?
McDonald’s Tokenized Stock (Ondo) (MCDON) operates on
Ethereum through the Ondo Global Markets platform, using blockchain as the settlement and transfer layer. This means tokens can be minted, redeemed, and traded securely on-chain, while the underlying McDonald’s shares are held with regulated custodians. By leveraging Ethereum’s transparency and liquidity, MCDON combines the stability of traditional equities with the efficiency of blockchain-based trading.
How to Redeem McDonald's Tokenized Stock (Ondo) for McDonald's Shares or Cash?
You can redeem McDonald’s Tokenized Stock (Ondo) (MCDON) for the underlying McDonald’s shares or their cash equivalent through Ondo Global Markets’ mint-and-redeem system. Each token is backed 1:1 by equity held with regulated custodians, so when you initiate a redemption, Ondo facilitates the conversion by canceling the tokens and delivering either the corresponding McDonald’s stock or the equivalent cash value.
The redemption process is subject to Ondo’s operational hours, jurisdictional restrictions, and compliance checks. Non-U.S. investors typically redeem for cash equivalents, while institutional partners may access direct equity settlement. Fees are minimal, and settlement times depend on the custodian and exchange network used. This structure ensures that MCDON closely tracks McDonald’s stock while offering users the flexibility to exit into traditional assets.
How to Store MCDON Tokens Securely
The most convenient way to store your MCDON tokens is directly on BingX. By keeping them in your BingX account wallet, you benefit from the platform’s institutional-grade security, including cold storage,
proof-of-reserves, and the
BingX Shield Fund that protects users against unforeseen risks. This option also makes it seamless to trade MCDON/USDT on the spot market, transfer funds, or integrate with other BingX features like
copy trading and
AI-powered tools.
For those who prefer self-custody, you can transfer MCDON tokens to a personal
Ethereum-compatible wallet such as
MetaMask,
Trust Wallet, or a
hardware wallet like
Ledger or
Trezor. These wallets give you full control over your private keys, reducing reliance on centralized exchanges. However, you should always back up your recovery phrases securely and double-check token contract addresses before transferring to avoid loss. This approach is ideal if you want long-term storage and maximum ownership security.
Is McDonald's Tokenized Stock (Ondo) (MCDON) a Good Investment?
McDonald’s Tokenized Stock (Ondo) (MCDON) can be a good investment for those seeking exposure to McDonald’s Corporation in a more accessible and flexible way. It combines the stability of a blue-chip stock with the benefits of blockchain, including 24/7 trading, fractional ownership, and global access without traditional brokerage restrictions.
Investors also gain exposure to dividend-adjusted performance while enjoying liquidity on crypto exchanges like BingX. Although it carries tokenization and regulatory risks, MCDON offers a bridge between traditional equity markets and decentralized finance, making it attractive to both long-term equity investors and crypto-native traders.