OSL Group announced the launch of a tokenized market-neutral digital asset fund designed for eligible professional investors in Hong Kong. The firm has been engaged by technology company 2WA to tokenize PrimePlus SPC – USDGO Plus SP and provide custody and distribution infrastructure through its licensed platform.
The product represents the first market-neutral fund structured around the USDGO stablecoin. OSL is responsible for tokenizing the fund units and serves as the licensed platform through which eligible professional investors can subscribe and redeem shares. The underlying USDGO held by the fund is custodied with OSL.
Market-Neutral Strategy and Design
Unlike spot Bitcoin and Ethereum investment products, this fund is designed to remain market-neutral, seeking returns from spreads, funding rates, basis trades, and other relative-value opportunities while limiting directional exposure to the underlying asset. This approach allows investors to pursue yields from digital asset markets without making a direct bet on asset price movements.
Regulatory Structure and On-Chain Integration
The fund maintains a regulated structure with professional eligibility restrictions and operates through licensed service providers. Tokenization changes how fund units are represented and serviced, but does not remove the underlying legal fund structure. Investors access the strategy through OSL's Hong Kong application, with fund units represented on-chain.
Hong Kong's regulatory framework has supported the development of licensed trading, custody, and tokenization businesses. This product exemplifies the shift toward using blockchain technology to streamline existing regulated financial products rather than replace traditional legal structures.
