Figure Acquires Kiavi to Expand Blockchain Lending
- Figure Technology Solutions will acquire Kiavi for $717 million.
- The acquisition aims to bring over $7 billion in annual loan volume on-chain.
- Figure targets a first-lien share of over 40% by the year 2027.
- Sixth Street supports the deal through a joint venture purchasing Kiavi’s balance sheet assets.
- Kiavi is known for its residential transition loans and debt service coverage ratio loans.
The acquisition of Kiavi by Figure Technology Solutions is a strategic move to integrate AI-powered real estate lending into blockchain technology, aiming to enhance efficiency and scalability in the lending market. This transaction opens access to a $200 billion annual addressable origination market, highlighting the potential growth in tokenized asset management.
By acquiring Kiavi, Figure expects significant growth in its consumer loan marketplace, with an anticipated increase of more than $100 million in monthly flow to Democratized Prime. (Source)
