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Figure Technology Solutions acquires lending platform Kiavi for $717M

Figure Technology Solutions acquires lending platform Kiavi for $717M

The deal adds Kiavi’s real estate lending business to Figure’s tokenization platform, with a Figure-Sixth Street venture set to buy Kiavi’s balance sheet assets.

Fact Check
The official GlobeNewswire press release and Sixth Street's own announcement both confirm Figure Technology Solutions entered a definitive agreement to acquire Kiavi for exactly $717 million, with a joint venture between Sixth Street and Figure acquiring Kiavi's balance sheet assets. The Block and Banking Dive independently corroborate all key facts: the $717M figure, the addition of Kiavi's real estate lending business to Figure's tokenization/blockchain platform, and the Sixth Street venture structure. Every element of the claim is supported by primary sources.
Summary

Figure Technology Solutions agreed to acquire AI-powered residential real estate lending platform Kiavi for $717 million, while a joint venture between Figure and Sixth Street is set to purchase Kiavi’s balance sheet assets. Figure said the transaction will bring Kiavi’s lending activity onto its blockchain marketplace rails, where its infrastructure is intended to support loan origination, trading counterparties and funding distribution. The company said Kiavi is expected to add $7 billion in annual volume, including more than $100 million of monthly flow on Democratized Prime, as Figure pushes further into tokenization and onchain consumer credit markets. Kiavi CEO Arvind Mohan is expected to join Figure as chief business officer after the deal closes. The announcement follows strong first-quarter growth at Figure, which reported Q1 2026 adjusted net revenue of $167 million and loan volume of $2.9 billion.

Terms & Concepts
  • tokenization: The process of turning rights to an asset into digital tokens that can be issued, tracked or traded through digital infrastructure.
  • onchain trading: Trading activity that is executed and recorded on blockchain-based systems rather than through conventional market plumbing.
  • HELOCs: Home equity lines of credit, a form of revolving borrowing secured by a homeowner’s equity in a property.