Figure Technology Solutions has finalized its $717 million acquisition of Kiavi, extending its blockchain-based lending marketplace into residential real estate investor finance. The transaction closed on Sept. 1, following the announcement of the agreement in June.

The deal brings Kiavi's technology, operating platform, and lending capabilities into Figure's expanding financial infrastructure. Kiavi, formerly known as LendingHome before rebranding in 2021, specializes in short-term Residential Transition Loans and longer-term Debt Service Coverage Ratio (DSCR) loans for real estate investors.

Bringing Real Estate Lending Onchain

Through the acquisition, Figure gains a lending business expected to contribute more than $7 billion in annual first-lien loan volume. Figure intends to distribute Kiavi's lending products via Figure Connect, its blockchain-native marketplace.

The company also anticipates the deal will add more than $100 million in monthly flow to Democratized Prime, its on-chain warehouse marketplace, which connects lenders with investors seeking institutional-grade returns.

The transaction was structured to separate Kiavi's operating platform from the loans held on its balance sheet. Figure acquired the technology and operating business, while a joint venture between Figure and Sixth Street purchased the loans from Kiavi's balance sheet.

Figure stated that the move could improve lending efficiency by migrating origination, funding, and loan trading onto blockchain infrastructure. The company is also integrating Kiavi across its network of more than 480 active ecosystem partners.

The deal builds on Figure's foundation in blockchain-based consumer finance. The company, co-founded by former SoFi chief executive Mike Cagney, built its business around home equity lines of credit originated on its Provenance blockchain, and filed publicly for an IPO earlier this year.

Kiavi Leadership Joins Figure

Kiavi CEO Arvind Mohan will join Figure as chief business officer, overseeing the rollout of Kiavi's platform across Figure's broader ecosystem.

Figure said the acquisition strengthens its position in first-lien lending and advances its strategy of expanding tokenized real-world assets. The company also emphasized the potential to reduce operational friction as more lending activity shifts onto its blockchain marketplace.

The transaction comes as Figure targets the broader home equity and residential credit markets. According to the company, the combined platform can help standardize lending and broaden access to capital across a large and fragmented market. The acquisition also illustrates how established fintech lenders are consolidating the investor-lending segment, where Kiavi has competed with firms such as Lima One Capital and Anchor Loans.

The Kiavi acquisition marks a significant step beyond Figure's existing consumer lending operations, giving the company a larger pipeline of real-world credit assets while testing its blockchain infrastructure at greater scale. Whether the integration delivers the projected volume gains and operational efficiencies is expected to become clearer as Kiavi's products roll out across Figure Connect and Democratized Prime in the coming quarters.