Figure Technology Solutions entered a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors. The transaction is valued at $717 million.
A joint venture between Figure and Sixth Street will purchase Kiavi’s balance sheet assets. The acquisition is expected to add over $7 billion in annual first-lien loan volume to Figure’s marketplace.
The deal introduces Residential Transition Loans (RTL) as a new asset class on Figure’s tokenized platform. Kiavi provides capital for the purchase, renovation, and rental of investment properties. This acquisition advances Figure’s strategy to modernize capital markets by bringing real-world assets onto the blockchain.