Figure Technology Solutions has completed its acquisition of mortgage technology company Kiavi, adding a substantial residential lending platform to Figure’s blockchain-based capital marketplace. The transaction expands Figure’s presence in property finance as the company works to connect loan origination, funding and secondary-market transactions through a common infrastructure.
The deal, first announced in June, involved Figure acquiring Kiavi’s technology, operating platform and certain other assets, according to a company release. The transaction also includes a joint venture with investment firm Sixth Street, which acquired loans that had previously been held on Kiavi’s balance sheet.
The acquisition gives Figure access to Kiavi’s residential lending technology and creates an opportunity to connect those loan products with Figure Connect, its blockchain-native capital marketplace.
Kiavi technology to join Figure’s ecosystem
Figure plans to integrate the Kiavi brand, platform and technology into its broader network, which includes more than 480 active ecosystem partners. The integration is expected to bring Kiavi’s residential transition loans and debt-service coverage ratio, or DSCR, lending capabilities into Figure Connect.
Kiavi focuses on financing for residential real estate investors. Its lending products support investors seeking to purchase, renovate and operate residential properties, giving Figure an additional source of loan origination for its marketplace.
Figure’s infrastructure is designed to support the funding, sale and trading of tokenized assets. Bringing Kiavi’s lending capabilities into that environment could allow residential credit to become more closely connected with the company’s broader capital-market activities.
The transaction also expands Figure’s management team. Kiavi Chief Executive Officer Arvind Mohan is set to become Figure’s chief business officer, where he will oversee efforts to expand the combined platform throughout Figure’s ecosystem.
Figure targets the $35 trillion home equity market
The acquisition represents a significant expansion of Figure’s lending infrastructure into residential finance. The company has identified the U.S. home equity market, which it estimates at roughly $35 trillion, as a major opportunity for growth.
By incorporating Kiavi’s technology, Figure could provide lenders and capital providers with additional channels for originating and distributing residential credit. The integration could also reduce the need to rely on separate systems across different stages of the lending process.
The strategy is part of Figure’s broader effort to use blockchain infrastructure beyond cryptocurrency-focused applications. By combining an established lending platform with a blockchain-based marketplace, the company is seeking to connect borrowers, lenders, investors and financial institutions through a more integrated capital-market structure.
Figure has not yet included Kiavi’s expected contribution in its previously issued third-quarter Consumer Loan Marketplace guidance. The company plans to update its financial outlook when it reports its third-quarter 2026 results and compare the revised forecast with its earlier guidance.
Figure’s CEO @MBTannenbaum gives a deep-dive on the deal and what’s next ↓
— Figure (@Figure) September 1, 2026
Blockchain lending strategy faces a major test
The transaction could represent an important test of whether blockchain infrastructure can gain wider adoption in conventional financial markets. Rather than applying blockchain solely to digital-native assets, Figure is incorporating the technology into an operating residential lending business with established loan products and market participants.
Figure’s ability to distribute Kiavi’s lending technology across more than 480 ecosystem partners could increase the scale of its residential credit marketplace while providing capital providers with additional opportunities to participate in the sector.
The size of the U.S. housing and home equity market gives the strategy considerable potential, but the financial impact of the acquisition will depend on loan origination volumes, investor demand, funding conditions and the pace at which the combined technology is adopted.
Investors are expected to receive a clearer indication of the transaction’s contribution when Figure releases its third-quarter results and provides updated guidance. That disclosure should offer an early measure of whether Kiavi can materially increase activity across Figure’s marketplace.
The acquisition marks a broader step in Figure’s effort to connect traditional residential lending with blockchain-based capital-market infrastructure, potentially extending tokenized and digitally enabled finance into a much larger segment of the U.S. financial system.
