OSL tokenizes 2WA USDGO Plus SP fund on Solana, handling custody

A Hong Kong fund that tries to earn yield without betting on crypto prices now lives on Solana. 2WA has tokenized its USDGO Plus SP fund on the Solana blockchain. OSL Group (HKEX: 863) is handling custody and announced the move on October 8, 2026. 2WA describes the product as the first market-neutral fund built on a US dollar-backed stablecoin. What 2WA and OSL actually launched The fund’s formal name is PrimePlus SPC’s USDGO Plus SP. 2WA developed it and launched it in August 2026. It runs on USDGO, a stablecoin backed by the US dollar. Access is not open to everyone. Only eligible professional investors in Hong Kong can buy in. Investors reach the fund through the OSL HK app. The app shows real-time net asset value (NAV) updates, so holders can see what their units are worth at any moment. Subscriptions and redemptions happen daily. A T+0 express redemption feature is planned for late October 2026. OSL holds the fund’s assets, including the underlying USDGO. Its Hong Kong custody operation carries over $1 billion in digital asset insurance coverage. How a market-neutral crypto fund makes money The strategy centers on funding-rate arbitrage across crypto derivatives markets. The f...