Eddid Securities and Futures Appointed as Distributor of USDGO Plus SP

USDGO Plus SP is structured as a market-neutral strategy fund, which aims to generate returns independently of directional price movements in digital asset markets. Its reported mechanism involves holding offsetting positions in both spot and perpetual futures. The fund's objective is to earn income from "funding-rate spreads" within the crypto derivatives market, rather than through speculation on asset price appreciation, according to Dr. Ricky Yeung, Head of Virtual Asset at Eddid Financial.

The appointment of Eddid Securities and Futures, an entity licensed by Hong Kong's Securities and Futures Commission (SFC) for dealing in securities, provides a regulated channel for distributing the fund to professional investors. Eugene Cheung, CEO of 2WA, stated this reflects an intent to grow USDGO Plus SP through regulated intermediaries that already serve professional investors and apply their own onboarding and suitability standards.

2WA, described as a real-world asset (RWA) and digital asset technology development company, uses the USDGO stablecoin as a primary settlement and liquidity asset across its RWA products. This distribution expands the role of USDGO within 2WA's ecosystem. The fund also offers daily subscriptions, redemptions, and net asset value updates, which could offer operational flexibility for its investors.