McDonald's xStock on TON

McDonald's (MCD), the largest fast-food chain in the world and one of the biggest corporate property owners anywhere, earning royalties on franchisee sales and rent on the land and buildings its restaurants sit on. More than nine in ten locations are run by franchisees rather than by the company. Ray Kroc bought out the McDonald brothers in 1961 and built the chain around owning the real estate under each store. MCDx is a tokenised tracker certificate from Backed Assets (JE) Limited, following the MCD share price on-chain.