OSL tokenizes USDGO market-neutral fund for eligible Hong Kong professional investors

TL;DR: OSL Group has tokenized the USDGO Plus SP fund on-chain and is providing custody and distribution through its licensed Hong Kong platform. The product is a market-neutral digital asset fund built around USDGO and is available only to eligible professional investors.

Tokenization is moving from simple Treasury products into more complex investment strategies.

OSL Group announced that it has been engaged by digital asset technology company 2WA to bring PrimePlus SPC – USDGO Plus SP on-chain and to provide custody and distribution infrastructure.

The product is a market-neutral digital asset strategy built around USDGO. According to the companies, it is the first market-neutral fund structured around this stablecoin.

OSL handles tokenization of fund units and acts as the licensed platform through which eligible professional investors in Hong Kong can access the product. The fund’s USDGO holdings are custodied with OSL.

Tokenization alone does not make a fund easier for regulated investors to use: the legal structure, custody, investor eligibility, subscription, and redemption workflows must integrate with the token. OSL provides this bridge.

Eligible investors can subscribe and redeem through OSL’s Hong Kong application while fund units are represented on-chain. The strategy is designed to remain market neutral rather than track crypto prices, placing it in a different category from spot Bitcoin and Ethereum products that have led institutional adoption.

Market-neutral funds target returns from spreads, funding rates, basis trades, and other relative-value opportunities while limiting directional exposure. This structure aims to deliver crypto-market yield without a directional bet on major assets.

On-chain representation can improve ownership and settlement integration with digital asset infrastructure, especially for investors already using stablecoins.

Hong Kong’s regulatory framework supports licensed trading, custody, and tokenization for professional and, in some cases, retail investors. OSL is using this framework to launch operational products.

The fund remains a professionally managed product with eligibility restrictions and regulated service providers. Putting it on-chain changes representation and service rails, not the underlying fund structure. This reflects institutional tokenization’s focus on routing existing financial products through digital rails rather than replacing legal frameworks.