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Granite Financial Holdings, a digital asset management company, announced that it has obtained official approval from Egypt’s Financial Regulatory Authority (FRA) to conduct non-banking financial activities using financial technology, enabling the immediate launch of its new product, “Granite Daily Account.”

The launch follows the FRA’s decision issued on Thursday, January 15, 2026, granting Granite permission to utilize fintech solutions for receiving subscriptions in investment fund certificates, as well as executing purchase and redemption transactions for open-ended investment funds. This positions Granite among the leading institutions implementing comprehensive digital transformation standards within Egypt’s capital market.

The introduction of the Granite Daily Account coincides with preparations by Egyptian banks to repay maturing savings certificates valued at approximately EGP 1.3 trillion, starting in January 2026. These expected liquidity inflows have drawn widespread market attention, intensifying competition among banks to retain deposits amid fluctuating interest rates.

In this context, Granite presents its digital account as a flexible alternative for individuals and institutions, without competing directly with long-term savings instruments. The Granite Daily Account aims to maximize returns on idle cash compared to traditional accounts, offering competitive daily yields under full regulatory supervision, while providing instant liquidity, allowing clients to withdraw funds at any time without penalties or restrictions.

For corporate clients, Granite offers an advanced digital dashboard that enables real-time monitoring of cash movement and liquidity flows, delivering enhanced visibility and control over treasury management. In addition, generated returns are tax-exempt, improving cash efficiency compared to maintaining funds in low-yield financial instruments.

Commenting on the milestone, Hisham Akram, Founder and Chief Executive Officer of Granite Financial Holdings, said:

“The fintech license represents a pivotal step in executing our strategy. It reflects not only our commitment to regulatory compliance, but also our role in strengthening the regulatory ecosystem itself. We are now ready to implement our vision of redefining asset management through technology by delivering innovative, client-centric financial products. We believe true financial transformation occurs when secure institutional solutions are delivered through simple and accessible digital tools, empowering both individuals and businesses to achieve higher returns.”

Granite’s digital platform introduces a new client experience in the Egyptian market by offering secure, seamless, and reliable financial solutions. Through a few simple steps on the application, individuals can activate their cash accounts and complete electronic Know Your Customer (e-KYC) procedures within minutes, without paperwork or branch visits. The account provides 24/7 access, daily compounded returns, and the ability to link seamlessly with any Egyptian bank account for instant transfers.