Figure Announces Major Acquisition to Accelerate Tokenization Growth
Figure Technology Solutions has agreed to acquire Kiavi, an AI-powered real estate lending platform, in a deal valued at $717 million. The acquisition marks a significant step in Figure’s strategy to expand real-world asset (RWA) tokenization and bring more traditional financial assets onto blockchain infrastructure.
Bringing Real Estate Lending Assets Onchain
As part of the transaction, Figure will acquire Kiavi’s technology and operating platform. A joint venture between Figure and investment firm Sixth Street will also purchase Kiavi’s balance sheet assets. By integrating Kiavi into its blockchain ecosystem, Figure plans to move lending operations, funding distribution, and trading activity onto its tokenized marketplace network.
Expanding Blockchain-Based Capital Markets
Figure operates several blockchain-powered platforms, including Figure Connect and Democratized Prime. These platforms support the tokenization and trading of consumer credit assets. The company believes moving Kiavi’s assets onchain will improve efficiency, reduce operational costs, and create a more scalable financial infrastructure.
Kiavi Expected to Boost Transaction Volume
According to Figure, Kiavi is expected to contribute approximately $7 billion in annual transaction volume. The company also projects more than $100 million in monthly flow through its Democratized Prime platform. This increase could further strengthen Figure’s position as a leading player in the rapidly growing real-world asset tokenization sector.
