---
title: "OSL Group and 2WA Tokenize USDGO Stablecoin Market-Neutral Strategy Fund"
description: "The Hong Kong-licensed platform will provide custody and distribution for the USDGO Plus SP derivatives funding fund."
url: https://basisdesk.news/news/osl-group-2wa-tokenize-usdgo-stablecoin-fund
published: 2026-10-08T08:11:29.218Z
modified: 2026-10-08T08:11:29.218Z
section: RWA & Tokenization
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: []
tags: [OSL Group, 2WA, USDGO, Anchorage Digital Bank, Tokenization, Hong Kong]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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

- **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.
- **Status:** announced
- **Primary source:** [OSL Group Powers 2WA's Tokenization of the First USDGO Stablecoin Market-Neutral Strategy Fund](https://www.prnewswire.com/news-releases/osl-group-powers-2was-tokenization-of-the-first-usdgo-stablecoin-market-neutral-strategy-fund-302902247.html) — PR Newswire

## 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.

## Editorial remark

- **Context:** 2WA launched the Cayman-domiciled USDGO Plus SP in August 2026 to generate delta-neutral returns off crypto derivatives basis spreads, choosing Anchorage-backed USDGO as its base liquidity asset.
- **Impact:** Eligible Hong Kong institutional investors gain access to tokenized, yield-generating derivatives strategies held under SFC-licensed custody with $1 billion in local insurance coverage.
- **Watch:** The deployment of the planned T+0 express redemption feature scheduled for rollout later in October 2026.

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](https://basisdesk.news/news/kakaopay-securities-dinari-tokenize-korean-equities) across Asian financial hubs [1].

## Sources

1. [OSL Group Powers 2WA's Tokenization of the First USDGO Stablecoin Market-Neutral Strategy Fund](https://www.prnewswire.com/news-releases/osl-group-powers-2was-tokenization-of-the-first-usdgo-stablecoin-market-neutral-strategy-fund-302902247.html) — PR Newswire, 2026-10-08

---
Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai