Lates News

Blockchain financial platform Figure Technology Solutions (NASDAQ: FIGR) has reached an agreement to acquire real estate technology lending platform Kiavi for $7.17 billion, completing the transaction through a joint venture structure to acquire its loan portfolio. According to the announcement, Kiavi is an AI-driven residential real estate investment loan platform with an annual loan issuance volume of over $30 billion. After the transaction is completed, its residential bridge loans and rental loans business will be integrated into Figure's on-chain capital market system. Figure stated that this acquisition will add approximately $7 billion in annualized loan volume to its "Figure Connect" market and bring in over $1 billion in monthly fund inflows to its "Democratized Prime" platform, further strengthening its position in the first mortgage loan sector. The transaction structure shows that Kiavi's assets will be natively migrated through blockchain market infrastructure to reduce financing and transaction costs and maintain a light capital, high profit model. Additionally, Figure will use its AI product for the first time in this asset class to achieve agent-to-agent data and asset integration processes.