Figure Technology Solutions has closed its $717 million acquisition of Kiavi, adding the residential-lending technology platform to its blockchain-native Figure Connect marketplace. The fintech said the deal is expected to contribute more than $7 billion in loan volume and more than $100 million in monthly volume to Democratized Prime, while all assets entering through the transaction are first-lien loans. Figure purchased Kiavi’s artificial-intelligence-powered technology and formed a joint venture with Sixth Street to originate residential transition loans and sell them through Figure Connect, with residential transition and debt-service coverage ratio loans set to be tokenized as core marketplace products. Kiavi’s technology is planned for more than 480 partners via Figure’s Adaptor tool, which standardizes originator data before assets enter the marketplace. Figure Connect had already surpassed $1 billion in monthly volume earlier in 2026 and accounted for 65% of total company volume in the latest quarterly update. Figure paid about $590 million in cash at closing after raising $600 million through 8.5% senior notes due 2031, and plans to update third-quarter 2026 Consumer Loan Marketplace guidance to reflect Kiavi.