Figure’s $717M Kiavi Acquisition to Channel $7B Annual Mortgage Volume Onto Blockchain

Figure Technology Solutions is bringing institutional-scale real estate debt onto blockchain rails through its $717 million acquisition of Kiavi. The deal combines Kiavi's AI-powered lending platform for residential investors with Figure's blockchain-native marketplace, creating one of the largest pipelines for tokenized real estate assets.

Kiavi originates over $7 billion annually in short-term renovation loans and long-term rental property financing. This volume will flow into Figure Connect, where institutional investors access tokenized debt. Approximately $100 million monthly is expected to land on Democratized Prime—Figure's blockchain-based warehouse marketplace matching lenders with yield-seeking capital.

The transaction underscores institutional adoption of blockchain for real-world assets. Figure now controls 75% of tokenized RWA volume, with Kiavi's DSCR loans adding a growth category to its portfolio. 'This isn't experimentation anymore,' says a syndicate desk manager familiar with the deal. 'It's balance sheet optimization at scale.'