On June 11, blockchain financial platform Figure Technology Solutions (NASDAQ: FIGR) announced it has reached an acquisition agreement with real estate tech lending platform Kiavi, completing the transaction for $717 million and acquiring its loan portfolio through a joint venture structure. According to the announcement, Kiavi is an AI-driven residential real estate investment loan platform with an annual loan issuance scale exceeding $30 billion. Upon completion of the transaction, its residential transitional loans and leasing loan business will be integrated into Figure's on-chain capital market system. Figure stated that this acquisition will add approximately $7 billion in annualized loan volume to its 'Figure Connect' marketplace and bring over $100 million in monthly cash flow to its 'Democratized Prime' platform, while further strengthening its position in the first mortgage sector. The transaction structure indicates that Kiavi's assets will undergo a native migration through blockchain market infrastructure to reduce financing and transaction costs, maintaining a light capital, high-profit model. Additionally, Figure will apply its AI products for the first time in this asset class to facilitate data and asset matching processes between agents.
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Figure Announces $717 Million Acquisition of Kiavi to Accelerate On-Chain Real Estate Credit Assets
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