OSL Group is expanding its digital-asset infrastructure business into tokenized investment products after being selected to power the on-chain tokenization, custody and distribution of USDGO Plus SP, a market-neutral digital asset fund launched by 2WA. The Hong Kong offering combines a regulated U.S. dollar-backed stablecoin with an on-chain fund structure, giving eligible professional investors access to a strategy designed to generate returns from crypto derivatives funding-rate spreads rather than directional market movements.

Stablecoins are increasingly moving beyond payments and settlement into investment products and financial-market infrastructure. OSL Group is now applying its regulated digital-asset infrastructure to that expansion through a partnership with 2WA to tokenize and distribute USDGO Plus SP, a digital asset fund built around the USDGO stablecoin.

USDGO Plus SP is structured as a segregated portfolio of PrimePlus SPC, a Cayman Islands segregated portfolio company. Launched through the 2WA ecosystem in August 2026, the fund is available exclusively to eligible professional investors in Hong Kong.

OSL will provide the infrastructure for tokenizing the fund’s units on-chain while also serving as the licensed platform for custody and distribution. Investors will be able to subscribe to and redeem fund units through the OSL HK app, OSL’s licensed digital-asset trading platform.

The arrangement puts several components of the digital-asset investment lifecycle into one regulated infrastructure stack: tokenization, custody, trading-platform access and distribution.

Market-Neutral Strategy Built Around Stablecoins

USDGO Plus SP is designed to pursue market-neutral returns by capturing funding-rate spreads in the cryptocurrency derivatives market.

Unlike directional crypto strategies, the approach is intended to reduce dependence on whether digital assets rise or fall in price. Instead, the strategy seeks to capture differences in funding rates associated with derivatives markets.

According to the companies, the fund had generated a 16.67% return since inception as of October 7, with a 17.05% annualized return over the preceding 30 days before relevant fees. Those are fund-reported performance figures and should not be interpreted as guaranteed or representative future returns.

The fund supports daily subscriptions, redemptions and net asset value updates. An optional T+0 express redemption capability is also planned for later in October.

Tokenization Adds a New Layer to Fund Infrastructure

The more significant technology development is the tokenization of the fund itself.

Tokenized fund units can represent ownership interests in an investment product through blockchain-based infrastructure. In this case, OSL provides the regulated environment surrounding those digital representations, while 2WA supplies the structuring and technology layer connecting regulated assets with on-chain venues.

That architecture reflects the broader development of real-world asset tokenization, where traditional financial products and assets are increasingly being represented and transacted through blockchain networks.

For institutional and professional investors, the challenge is not simply putting an asset on-chain. Custody, investor eligibility, compliance, settlement, liquidity and operational controls must also be integrated into the product design.

The OSL partnership addresses several of those requirements by combining tokenization with licensed custody and distribution.

USDGO Provides the Stablecoin Foundation

USDGO serves as the underlying asset for the fund and is designed to maintain a 1:1 peg with the U.S. dollar.

According to the companies, USDGO is backed by liquid reserves including cash and short-term U.S. Treasuries and undergoes third-party audits. It is issued by Anchorage Digital Bank N.A., while OSL operates and distributes the stablecoin.

That structure is important because the stablecoin is not simply being used as a payment token. It becomes part of an investment-product architecture in which a dollar-backed digital asset provides the underlying liquidity layer for a tokenized strategy.

This illustrates how stablecoins can increasingly function as financial infrastructure connecting conventional monetary assets with blockchain-based markets.

Regulated Infrastructure Becomes Critical

The product also highlights the growing importance of regulated custody as digital assets move into more sophisticated investment structures.

OSL will hold the fund’s underlying USDGO and provide custody for its tokenized units. The company says it maintains multiple security certifications and more than $1 billion in digital-asset insurance coverage in Hong Kong.

For professional investors, these controls can be as important as the investment strategy itself. Tokenization without institutional-grade custody and compliance would leave major operational gaps between blockchain-based ownership and conventional investment requirements.

OSL’s role therefore extends beyond technology provision. It provides the regulated financial-market infrastructure through which the tokenized fund can reach eligible investors.

Traditional Finance and On-Chain Markets Converge

The OSL and 2WA collaboration reflects a broader shift toward connecting conventional investment structures with blockchain-based financial infrastructure.

2WA’s role is to bridge regulated assets held by licensed custodians and brokers with on-chain venues across public and private markets. OSL adds custody, liquidity, distribution and regulated digital-asset trading infrastructure.

For GlobalFinTechEdge, the development is significant because it demonstrates how tokenization is evolving from an experimental blockchain application into a component of structured financial products.

The next phase of digital-asset infrastructure may therefore depend less on creating standalone crypto products and more on connecting stablecoins, regulated custody, tokenized funds and existing investment markets.

USDGO Plus SP represents one example of that model, combining a dollar-backed stablecoin, derivatives-based strategy and tokenized fund structure within a regulated Hong Kong investment framework.

Market Landscape

Digital-asset infrastructure is moving toward regulated tokenized products that combine stablecoins, custody, blockchain settlement and conventional investment structures. OSL’s role in USDGO Plus SP demonstrates how digital-asset platforms can become infrastructure providers for tokenized funds rather than simply cryptocurrency trading venues. The development also reflects growing interest in real-world asset tokenization and stablecoins as financial-market infrastructure.

Top Insights

• OSL is providing tokenization, custody and distribution infrastructure for USDGO Plus SP, a stablecoin-based market-neutral investment fund.
• The fund seeks returns from crypto derivatives funding-rate spreads rather than relying primarily on directional cryptocurrency price movements.
• USDGO provides a dollar-backed stablecoin foundation, while OSL supplies regulated custody and distribution for the tokenized investment product.
• The structure demonstrates how stablecoins can become components of institutional investment infrastructure rather than remaining limited to payments and settlement.
• OSL and 2WA are combining regulated financial infrastructure with on-chain technology to connect professional investors with tokenized investment strategies.

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