Key Takeaways
- • OSL Group (HKEX:863) has been engaged to power the on-chain tokenization of USDGO Plus SP, a digital asset fund launched by 2WA, and will provide custody and distribution services for its tokenized units.
- • USDGO Plus SP is described as the first market-neutral fund built on USDGO, a U.S. federally regulated, US dollar-backed enterprise stablecoin, and is offered only to eligible professional investors in Hong Kong.
- • The fund seeks market-neutral returns by capturing funding-rate spreads in crypto derivatives markets rather than relying on directional price movements.
- • As of October 7, 2026, the fund had returned 16.67% since inception and 17.05% annualized over the trailing 30 days, before fees.
- • Eligible investors can subscribe and redeem through OSL's Hong Kong-licensed digital asset trading platform, with the underlying USDGO held in custody at OSL.
Summary
OSL Group (HKEX:863), a global stablecoin payment and trading infrastructure company, announced on October 8, 2026 that it has been engaged to power the on-chain tokenization of PrimePlus SPC - USDGO Plus SP, a digital asset fund launched by 2WA, a digital asset technology development company. According to the announcement, USDGO Plus SP is the first market-neutral fund built on USDGO, a U.S. federally regulated and US dollar-backed enterprise stablecoin. The fund is offered only to eligible professional investors in Hong Kong.
PrimePlus SPC is a Cayman Islands segregated portfolio company, and USDGO Plus SP operates as one of its segregated portfolios. The product was launched on the 2WA ecosystem in August 2026. Beyond tokenizing the fund on-chain, OSL will act as the licensed platform providing custody and distribution for the fund's tokenized units. USDGO, the fund's underlying asset, is also held in custody with OSL. Eligible professional investors may subscribe to and redeem from the fund through the OSL HK app, the Hong Kong-licensed digital asset trading platform operated by OSL.
The fund's strategy aims to generate market-neutral returns by capturing funding-rate spreads in crypto derivatives markets, without depending on directional price movements in underlying assets. As of October 7, 2026, the fund had returned 16.67% since inception, with a 17.05% annualized return over the trailing 30 days. These performance figures are stated before deduction of relevant fees.
The partnership reflects OSL's push to expand its stablecoin infrastructure offering, which the company describes as encompassing payments, trading, treasury and settlement services for businesses and institutions. The announcement was distributed via PR Newswire and is also reflected in 2WA's press releases.
PrimePlus SPC is a Cayman Islands segregated portfolio company, and USDGO Plus SP operates as one of its segregated portfolios. The product was launched on the 2WA ecosystem in August 2026. Beyond tokenizing the fund on-chain, OSL will act as the licensed platform providing custody and distribution for the fund's tokenized units. USDGO, the fund's underlying asset, is also held in custody with OSL. Eligible professional investors may subscribe to and redeem from the fund through the OSL HK app, the Hong Kong-licensed digital asset trading platform operated by OSL.
The fund's strategy aims to generate market-neutral returns by capturing funding-rate spreads in crypto derivatives markets, without depending on directional price movements in underlying assets. As of October 7, 2026, the fund had returned 16.67% since inception, with a 17.05% annualized return over the trailing 30 days. These performance figures are stated before deduction of relevant fees.
The partnership reflects OSL's push to expand its stablecoin infrastructure offering, which the company describes as encompassing payments, trading, treasury and settlement services for businesses and institutions. The announcement was distributed via PR Newswire and is also reflected in 2WA's press releases.
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