Figure to Acquire Kiavi for $717 Million, Integrating Its Loan Assets into a Blockchain-Native Capital Market

TechFlow reports that on June 11, blockchain capital markets firm Figure Technology Solutions signed a definitive agreement to acquire Kiavi, an AI-driven real estate investment lending platform, for a total transaction consideration of $717 million. Simultaneously, Figure will establish a joint venture entity with Sixth Street to acquire the loan assets on Kiavi’s balance sheet.

Upon completion of the transaction, Kiavi is expected to add over $7 billion annually in first-lien loans to Figure Connect and bring more than $100 million in monthly capital flow to Democratized Prime, Figure’s on-chain decentralized lending market. Figure stated that Kiavi’s assets will also serve as the first agent-to-agent integration use case for its AI product Adaptor.