Frac and SuprAI, a Member of SGX-Listed USP Group,Partner to Build Enterprise AI for Southeast Asia;Frac Receives Malaysia Book of Records Recognition

KUALA LUMPUR, 11th NOVEMBER 2026 – Frac Group (“Frac”), a real-world asset (RWA) infrastructure and enterprise technology group operating across Malaysia and Singapore, and SuprAI Pte. Ltd. (“SuprAI”), the artificial intelligence company of SGX Mainboard-listed USP Group Limited (“USP Group”), today signed a Strategic Partnership Agreement to jointly develop, deploy, and commercialise artificial intelligence (AI), automation, and marketing-technology solutions for enterprises.

The agreement was signed today at Amari Kuala Lumpur by Japhet Lim Wei Jie, Co-Founder and Chief Executive Officer of Frac, and Louis Leow Yong Kin, Executive Director of SuprAI. Under the partnership, both companies will initially deploy and test practical AI applications within USP Group’s operating businesses across Singapore, Malaysia, and Indonesia, before rolling out proven solutions to external enterprise clients across the region.

The collaboration will be executed through a dedicated programme called the “SuprAI × FRAC AI Lab”. Both parties will form a joint steering committee to oversee project priorities and execution, with an initial 12-month programme roadmap scheduled to be adopted within 60 days.
Targeted workstreams span AI and automation tools for sales, customer service, inventory tracking, warranty administration, and after-sales workflows, alongside marketing technology for e-commerce, digital campaigns, and lead generation. The partners will also explore commercial use cases for Frac’s RWA intelligence and tokenisation infrastructure, subject to applicable regulatory frameworks.

From left: Mr Melvin Tan, Executive Director and Chief Executive Officer of USP Group Limited; Ms Maio Dangi, Non-Independent Non-Executive Deputy Chairperson of USP Group Limited; Mr Japhet Lim Wei Jie, Co-Founder and Chief Executive Officer of Frac; Mr Louis Leow Yong Kin, Executive Director and Chief Financial Officer of SuprAI; Encik Khairul Mizan, Director of Industry Facilitation of Malaysia Digital Economy Corporation (MDEC); and Mr Jason Fong, Independent Non-Executive Director of USP Group Limited.

USP Group’s operating businesses, with roots going back to 1968—spanning marine outboard engine distribution, scientific and industrial instrumentation and calibration, air-quality solutions, and healthcare—offer real-world sales and after-sales environments to test whether each tool solves a practical operating problem.
Once validated internally, the solutions will be packaged for external commercialisation, starting with small and medium-sized enterprises (SMEs) in Singapore and Malaysia before expanding across ASEAN.
Japhet Lim Wei Jie, Co-Founder and Chief Executive Officer of Frac, said:

“We have spent the past few years building technology that enterprises can operate under their own brands. This partnership allows us to apply that engineering capability to a wider set of business problems, particularly through AI and automation.
“Our starting point is practical. We want to develop tools within existing operations, measure what works on the ground, and take proven solutions to other enterprises, while continuing to grow RWA tokenisation as a core pillar of Frac’s technology business.”

Louis Leow Yong Kin, Executive Director of SuprAI, said:

“The advantage of starting within our own operating businesses is that we can evaluate AI tools against actual sales, service, and after-sales processes. We will prioritise applications that deliver clear business value and work towards offering successful solutions to external customers.”
At the same ceremony, Frac Group formally received its Malaysia Book of Records (MBR) certificate from the Malaysia Book of Records Team under the category “First RWA Tokenisation Company to Launch an IEO”, marking a national milestone for Malaysia’s real-world asset tokenisation sector.

The record follows Frac’s completion of an Initial Exchange Offering (IEO) on pitchIN under Malaysia’s recognised market operator (RMO) framework. The token crowdfunding closed in October 2025, raising RM1.54 million.
The formal presentation comes as asset tokenisation gains regulatory traction in Malaysia, following Bank Negara Malaysia’s establishment of its Digital Asset Innovation Hub in June 2025 and its subsequent discussion paper examining practical tokenisation use cases and safeguards.
Founded in 2021, Frac develops white-label blockchain infrastructure that enables enterprises to tokenise and fractionalise real-world assets while retaining full control over their brand identity and customer relationships. Its technology suite covers asset onboarding, initial asset offerings, secondary transaction systems, asset retirement workflows, and enterprise compliance controls.

Awarded Malaysia Digital Status by the Malaysia Digital Economy Corporation (MDEC) in 2024 and named the sole recipient of the inaugural RM200,000 MasChain Developer Grant, Frac will continue advancing its core RWA tokenisation platform alongside its new enterprise AI pipeline with SuprAI.