Figure, the blockchain-native capital marketplace for the origination, funding, sale and trading of tokenised assets, has announced the completion of acquisition of Kiavi, the residential transition loan lender, to bolster its blockchain-native marketplace.
The transaction also included a joint venture between Figure and Sixth Street, a global investment firm, which purchased loans off Kiavi’s balance sheet. The Kiavi brand, platform and technology will be integrated across Figure’s network of more than 480 active ecosystem partners. Figure will expand access to Kiavi’s market residential transition and DSCR lending technologies through Figure’s blockchain-native marketplace, Figure Connect.
Kiavi CEO Arvind Mohan will join Figure as Chief Business Officer, leading the rollout of Kiavi’s platform across Figure’s ecosystem.
Michael B. Tannenbaum, Figure CEO, said, “Adding Kiavi’s talent, platform, and technology to Figure greatly accelerates our roadmap by expanding our marketplace. Ever since we announced the deal, we have observed a groundswell of excitement from our partners as we collectively look to standardize and grow within the $35 trillion home equity market. That feeling is mutual, and now it’s time to execute.”
Join our community of 200,000+ real estate leaders and get weekly insights and updates with our newsletter.
*Offer ends on Friday, 7th February.
