Figure Technology Solutions has entered into a definitive agreement to acquire Kiavi, an artificial intelligence-powered lending platform focused on residential real estate investors, in a transaction valued at $717 million. The deal also includes the purchase of Kiavi’s balance sheet assets by a joint venture formed between Figure and global investment firm Sixth Street.
The acquisition brings together one of the largest providers of residential transition loans with a blockchain-based capital marketplace that specializes in the origination, funding, trading, and sale of tokenized assets. The move is expected to significantly expand Figure’s footprint in real estate lending while accelerating the adoption of blockchain technology across capital markets.
Kiavi, formerly known as LendingHome, has funded more than $30 billion in loans and has established itself as one of the largest non-bank lenders serving residential real estate investors in the United States. The company uses data analytics and artificial intelligence to simplify access to capital for investors seeking to acquire, renovate, and rent residential properties.
Expanding Tokenized Asset Volume
A key objective of the acquisition is to bring a substantial volume of real estate lending activity onto Figure’s blockchain infrastructure. The company indicated that Kiavi is expected to contribute more than $7 billion in annual first-lien loan volume to its ecosystem.
The acquisition is expected to add more than $7 billion in annual loan volume to Figure Connect and contribute over $100 million in monthly activity to Democratized Prime, Figure’s blockchain-based marketplace that connects lenders with institutional investors.
Figure stated that the transaction represents access to an estimated $200 billion annual lending opportunity that can be integrated into its tokenized asset framework. The company has been pursuing a strategy of moving traditional financial assets onto blockchain networks to improve efficiency and scalability.
Focus on First-Lien Lending Growth
The acquisition also aligns with Figure’s strategy of increasing its presence in the first-lien lending market. According to the company, the first-lien segment has experienced significant growth and represents a much larger market opportunity than second-lien lending products.
Kiavi’s portfolio includes both short-term residential transition loans and long-term debt service coverage ratio loans, which are designed for rental property investors. These offerings complement Figure’s existing lending products and are expected to strengthen its position in the consumer loan marketplace.
Company executives suggested that integrating Kiavi’s capabilities into Figure’s partner network would support growth for both organizations while broadening the range of lending products available through the marketplace.
Exciting news: We entered into an agreement to acquire Kiavi, bringing the country's #1 Residential Transition Loan (also known as "fix and flip”) platform into the leading home equity marketplace.
The deal marks a deepening of our relationship with Sixth Street. We are…
— Figure (@Figure) June 10, 2026
AI and Blockchain Integration
Another major component of the transaction involves the use of artificial intelligence. Figure plans to utilize Adaptor, its newest AI product, to onboard Kiavi assets into its ecosystem. The platform is designed to standardize data originating from different lending systems and automate onboarding processes across multiple asset classes.
Kiavi’s assets are expected to become the first implementation of Figure’s Adaptor platform, enabling fully agentic, agent-to-agent onboarding and reducing the time and resources typically required to integrate new originators.
Following completion of the transaction, Kiavi Chief Executive Officer Arvind Mohan is expected to join Figure’s executive leadership team as Chief Business Officer. Mohan indicated that combining Kiavi’s technology platform with Figure’s blockchain marketplace could create a new benchmark for efficiency, reliability, and market reach within the asset class.
Financial and Market Implications
Figure reaffirmed its medium-term target of achieving a 60% EBITDA margin, citing the asset-light nature of the acquired platform and expected operational synergies. The company also projected that the transaction would enhance earnings per share and deliver a cash payback period of less than four years.
By combining blockchain infrastructure, AI-powered decision-making, and large-scale real estate lending operations, Figure aims to lower operational costs, improve scalability, and accelerate the migration of traditional financial assets onto tokenized networks.
The acquisition underscores growing momentum behind blockchain-based financial infrastructure and highlights increasing interest in applying tokenization and artificial intelligence to large-scale lending markets. As additional asset classes move onto digital platforms, the transaction could serve as a model for future integration between traditional finance and blockchain-powered capital markets.
