Figure Completes $717 Million Acquisition of Kiavi, Adding $7 Billion in Tokenized Loan Volume
1 hours ago
Figure Technology Solutions completed the $717 million acquisition of Kiavi on Tuesday, bringing one of the largest residential real estate investor lenders in the U.S. into its blockchain ecosystem. Both Figure’s acquisition announcement and its 8-K filing with the U.S. Securities and Exchange Commission (SEC) confirmed the deal closed on September 1. Per Figure’s prior acquisition announcement, Kiavi is expected to add over $7 billion in annual first-lien mortgage volume to Figure Connect, while more than $100 million in monthly funds will flow into Figure’s on-chain lending platform Democratized Prime.
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