OSL Group and 2WA Tokenize USDGO Stablecoin Market-Neutral Strategy Fund
The Hong Kong-licensed platform will provide custody and distribution for the USDGO Plus SP derivatives funding fund.
At a glance Announced
- What happened
- OSL Group partnered with 2WA to tokenize, distribute, and custody the market-neutral USDGO Plus SP fund on-chain on Oct. 8.
- Why it matters
- It establishes a compliant tokenized strategy fund built on Anchorage Digital Bank's federally regulated USDGO enterprise stablecoin.
- Who is affected
- Professional investors in Hong Kong accessing funds via OSL HK.
- What's next
- The fund will roll out an optional T+0 express redemption feature later in October 2026.
- Primary source
- PR Newswire: OSL Group Powers 2WA's Tokenization of the First USDGO Stablecoin Market-Neutral Strategy Fund
Key points
- OSL Group is tokenizing, distributing, and custodying 2WA's USDGO Plus SP fund for Hong Kong professional investors.
- The fund captures crypto derivative funding-rate spreads, delivering a 16.67% net-neutral return since its August 2026 inception.
- USDGO serves as the underlying asset and is issued by Anchorage Digital Bank, backed by US Treasuries and cash reserves.
OSL Group announced on Oct. 8 that it is powering the on-chain tokenization, custody, and distribution of PrimePlus SPC – USDGO Plus SP, a digital asset fund created by tech developer 2WA 1. The fund is the first market-neutral vehicle structured around USDGO, an enterprise stablecoin issued by US federally chartered Anchorage Digital Bank N.A. and distributed by OSL 1.
USDGO Plus SP operates as a Cayman Islands segregated portfolio company product and launched within the 2WA ecosystem in August 2026 1. The fund aims to capture crypto derivatives funding-rate spreads without taking directional market exposure 1. According to OSL, the fund registered a 16.67% return since its inception and a trailing 30-day annualized return of 17.05% as of Oct. 7, measured before fees 1.
Custody and Institutional Access
Distribution and redemptions are restricted strictly to qualified professional investors in Hong Kong through the licensed OSL HK application 1. The fund provides daily subscriptions, redemptions, and net asset value calculations, with an optional T+0 express redemption mechanism scheduled to launch later in October 2026 1.
Under the arrangement, OSL acts as the licensed custodian for both the tokenized fund units and the underlying USDGO reserve balances 1. The firm holds over $1 billion in digital asset insurance coverage in Hong Kong 1. USDGO maintains a 1:1 dollar peg supported by cash and short-term US Treasuries held under third-party audit 1. The initiative reflects increasing institutional demand for tokenized yield and settlement instruments, paralleling institutional initiatives like Kakaopay Securities and Dinari partnering to tokenize equities across Asian financial hubs 1.
Sources
- [1] OSL Group Powers 2WA's Tokenization of the First USDGO Stablecoin Market-Neutral Strategy Fund — PR Newswire, October 8, 2026
Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.
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