Figure Agrees to Acquire Kiavi for $717 Million
Figure Technology Solutions signed a definitive agreement to buy Kiavi, an AI-powered residential real estate lending platform. The deal includes a joint venture with Sixth Street to purchase Kiavi's balance sheet assets and will move more than $7 billion in annual loan volume onto Figure's blockchain marketplace.
larrybrownsports.comFigure Technology Solutions announced a definitive agreement to acquire Kiavi on June 10, 2026. The transaction carries a total purchase price of $717 million and includes the purchase of Kiavi's balance sheet assets by a joint venture between Figure and Sixth Street.
Kiavi operates an AI-powered platform that originates short-term Residential Transition Loans and long-term Debt Service Coverage Ratio loans for real estate investors. The acquisition adds more than $7 billion in annual first-lien loan volume to Figure Connect and over $100 million in monthly volume to Democratized Prime.
Figure stated the deal advances four objectives: scaling tokenized assets, increasing first-lien exposure, maintaining a 60 percent medium-term EBITDA margin target, and deploying its new Adaptor AI product for agent-to-agent onboarding. Kiavi assets will serve as the first use case for Adaptor.
The company currently accounts for 75 percent of real-world asset tokenization. With Kiavi, Figure projects its consumer loan marketplace volume will reach more than 40 percent first-lien by the end of 2027.
"Figure is relentless in our pursuit of moving the capital markets onto blockchain rails, and nine months past our successful IPO, this Kiavi transaction is a further pole vault into tokenization, first-lien diversification and our agentic AI platform," said Michael Tannenbaum, Figure CEO.
"For the past 13 years, Kiavi has been focused on powering our data flywheel and proving what's possible when technology and industry expertise converge," said Arvind Mohan, CEO of Kiavi.
