Key Takeaways
- • OSL Group (HKEX:863) has been engaged to power the on-chain tokenization of PrimePlus SPC - USDGO Plus SP, a digital asset fund launched by 2WA in August 2026, and will act as custodian and distribution platform for its tokenized units.
- • USDGO Plus SP is described as the first market-neutral fund built on USDGO, a U.S. federally regulated, dollar-backed enterprise stablecoin issued by Anchorage Digital Bank N.A. and distributed by OSL.
- • The fund seeks market-neutral returns by capturing funding-rate spreads in crypto derivatives, and reported a 16.67% return since inception and a 17.05% annualized trailing 30-day return as of October 7, 2026, before fees.
- • The fund offers daily subscriptions, redemptions and NAV updates, with an optional T+0 express redemption feature to be introduced later in October 2026.
- • The offering is restricted to eligible professional investors in Hong Kong and has not been authorized by the SFC, a limitation the release states explicitly.
Summary
OSL Group (HKEX:863) announced on October 8, 2026 that it has been engaged to power the on-chain tokenization of PrimePlus SPC - USDGO Plus SP (the "Fund"), a digital asset fund launched by 2WA, a digital asset technology development company. According to the release, the Fund was launched on the 2WA ecosystem in August 2026. PrimePlus SPC is a Cayman Islands segregated portfolio company, and the Fund is a segregated portfolio of that vehicle.
OSL will tokenize the Fund on-chain and serve as the licensed platform providing custody and distribution for its 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 company's Hong Kong licensed digital asset trading platform.
The Fund seeks to generate market-neutral returns by capturing funding-rate spreads in crypto derivatives markets without 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 deducting relevant fees. The Fund allows daily subscriptions, redemptions and NAV updates, and will introduce an optional T+0 express redemption feature later this month.
USDGO is pegged 1:1 to the U.S. dollar and backed by cash and short-term U.S. Treasuries, subject to third-party audits. It is issued by Anchorage Digital Bank N.A., described in the release as the first federally chartered crypto bank in the United States, with OSL serving as brand operator and distributor. OSL states it holds multiple security certifications and digital asset insurance coverage of over US$1 billion in Hong Kong.
Terence Pu, Senior Vice President and Head of Hong Kong Business at OSL Group, said the collaboration "reflects the strong market appetite for compliant, secure digital asset infrastructure and for innovative products such as stablecoin strategy funds." Eugene Cheung, Founder and CEO of 2WA, said the Fund shows how the firm combines stablecoin strategy investing with institutional-grade security and compliance, and described 2WA as a bridge between traditional finance and on-chain markets.
The offering is restricted to professional investors in Hong Kong. The release states that the Fund has not been authorized by the Securities and Futures Commission and that its offering documents have not been reviewed by any Hong Kong regulator. It also warns that investing in digital asset funds carries significant risks, including possible loss of the entire investment, and that market-neutral strategies do not eliminate risk and funding rates may turn negative.
OSL will tokenize the Fund on-chain and serve as the licensed platform providing custody and distribution for its 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 company's Hong Kong licensed digital asset trading platform.
The Fund seeks to generate market-neutral returns by capturing funding-rate spreads in crypto derivatives markets without 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 deducting relevant fees. The Fund allows daily subscriptions, redemptions and NAV updates, and will introduce an optional T+0 express redemption feature later this month.
USDGO is pegged 1:1 to the U.S. dollar and backed by cash and short-term U.S. Treasuries, subject to third-party audits. It is issued by Anchorage Digital Bank N.A., described in the release as the first federally chartered crypto bank in the United States, with OSL serving as brand operator and distributor. OSL states it holds multiple security certifications and digital asset insurance coverage of over US$1 billion in Hong Kong.
Terence Pu, Senior Vice President and Head of Hong Kong Business at OSL Group, said the collaboration "reflects the strong market appetite for compliant, secure digital asset infrastructure and for innovative products such as stablecoin strategy funds." Eugene Cheung, Founder and CEO of 2WA, said the Fund shows how the firm combines stablecoin strategy investing with institutional-grade security and compliance, and described 2WA as a bridge between traditional finance and on-chain markets.
The offering is restricted to professional investors in Hong Kong. The release states that the Fund has not been authorized by the Securities and Futures Commission and that its offering documents have not been reviewed by any Hong Kong regulator. It also warns that investing in digital asset funds carries significant risks, including possible loss of the entire investment, and that market-neutral strategies do not eliminate risk and funding rates may turn negative.
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