Figure Technology Solutions Completes $717 Million Acquisition of Kiavi, Expected to Add $7 Billion in Tokenized Loan Volume

Odaily Planet Daily News The transaction was completed on September 1, and Kiavi is one of the largest residential real estate investor lending institutions in the United States. Figure Technology Solutions confirmed the completion of the transaction in its announcement and its 8-K filing submitted to the U.S. Securities and Exchange Commission. According to previous announcements, Kiavi is expected to add more than $7 billion in first-lien mortgage volume annually for Figure Connect, and drive more than $100 million in monthly capital inflows into Figure's on-chain lending platform Democratized Prime.