OSL Group Powers First Market-Neutral Tokenized Fund Built on USDGO Stablecoin

OSL Group is powering the on-chain tokenization of USDGO Plus SP, a market-neutral digital asset fund launched by 2WA. This partnership is significant for fintech professionals as it bridges U.S. federally regulated stablecoin infrastructure with Hong Kong’s regulated investment landscape, offering a compliant, yield-generating vehicle for professional investors seeking exposure to crypto derivatives.

What was announced

OSL Group (HKEX:863) has been engaged to provide the technological infrastructure for the on-chain tokenization of PrimePlus SPC - USDGO Plus SP. Launched by digital asset technology firm 2WA in August 2026, the fund is the first market-neutral investment product built on USDGO, an enterprise stablecoin that is U.S. federally regulated and pegged 1:1 to the US dollar. The fund is available exclusively to eligible professional investors in Hong Kong.

The fund operates as a segregated portfolio of PrimePlus SPC, a Cayman Islands company. OSL’s role extends beyond tokenization; the group serves as the licensed platform for the custody and distribution of the fund’s tokenized units. Furthermore, the underlying USDGO assets are held in custody with OSL. Investors can manage their positions, including subscriptions and redemptions, through the OSL HK mobile application.

The investment strategy of USDGO Plus SP focuses on capturing funding-rate spreads within the cryptocurrency derivatives market to generate returns independent of price movements. As of October 7, the fund reported a return of 16.67% since its inception, with an annualized return of 17.05% over the trailing 30-day period, prior to fee deductions. The fund provides daily net asset value (NAV) updates and plans to implement a T+0 express redemption feature later this month. OSL supports these operations with digital asset insurance coverage exceeding US$1 billion in Hong Kong.

"We are delighted to bring the first tokenized strategy fund built on the USDGO stablecoin to market together with 2WA. This collaboration once again demonstrates OSL's strength in one-stop asset tokenization solutions. More importantly, it reflects the strong market appetite for compliant, secure digital asset infrastructure and for innovative products such as stablecoin strategy funds. As always, OSL will continue to provide clients, partners and investors with secure, efficient digital asset infrastructure and a diverse range of wealth management and asset allocation options."

Terence Pu, Senior Vice President and Head of Hong Kong Business at OSL Group

"USDGO Plus SP shows how we bring together stablecoin strategy investing and institutional-grade security and compliance. With OSL's proven capabilities in compliant custody, liquidity and distribution, we can make this tokenized strategy available to more eligible professional investors. 2WA is committed to serving as a bridge between traditional finance and the on-chain world, bringing higher-quality, more accessible real-world asset (RWA) solutions to institutional and professional market participants. We look forward to deepening our work with OSL across stablecoins and the broader tokenized asset space, and to building a new on-chain investment ecosystem powered by next-generation financial infrastructure."

Eugene Cheung, Founder and CEO of 2WA

The companies involved

OSL Group is a global provider of stablecoin payment and trading infrastructure. It holds the distinction of being the first digital asset company to be both listed on the Hong Kong Stock Exchange and licensed by the Securities and Futures Commission (SFC). The group maintains a network of regulatory licenses across several major global markets. In its capacity as a brand operator and distributor for USDGO, OSL works closely with the issuer, Anchorage Digital Bank N.A., which is the first federally chartered crypto bank in the United States. USDGO itself is backed by liquid reserves, including cash and short-term US Treasuries, and undergoes third-party audits.

2WA is a digital asset technology development company that specializes in the structuring and technological integration of regulated assets. Its platform serves as a bridge, connecting assets held with licensed brokers and custodians to on-chain venues across public and private markets. Eugene Cheung, who serves as the Founder and CEO of 2WA, also holds the role of Chief Commercial Officer at OSL Group, highlighting the close strategic alignment between the two entities in the Hong Kong digital asset ecosystem.

What FF News has reported before

OSL has been active in expanding its stablecoin ecosystem throughout late 2026. In September, FF News reported that Banking Circle Expands OSL Partnership to Power Multi-Currency Stablecoin Payments, a move designed to facilitate stablecoin-to-fiat expansions across multiple jurisdictions. This followed the August announcement that the USDGO Stablecoin Debuts on Kraken: Bridging Institutional Fiat and On-Chain Liquidity, which marked a significant step in increasing the accessibility of the Anchorage-issued stablecoin for institutional traders.

What this means

This announcement signals a shift in the stablecoin market from simple liquidity provision to the creation of sophisticated, yield-bearing financial products. By using a federally regulated stablecoin as the "wrapper" for a market-neutral strategy, OSL and 2WA are addressing the primary institutional hurdle: the need for regulatory certainty. Traditional asset managers are increasingly under pressure to provide the transparency of on-chain assets without sacrificing the protections of a licensed environment. This move puts pressure on offshore, unregulated yield products, as professional investors now have a compliant alternative in the Hong Kong market. The success of the T+0 redemption feature will be a critical test of whether on-chain liquidity can truly match the speed of traditional cash equivalents.