Figure Acquires Kiavi for $717M, Targets Tokenized Lending Growth

Figure also described a $200 billion annual origination opportunity it aims to move onto its tokenized capital markets infrastructure. The company plans to use Kiavi as a fresh source of activity flowing through that network.

Why the tokenized marketplace angle matters. Figure issues loans as digital tokens on its own blockchain, then funds them through a pool of institutional investors via Democratized Prime. Kiavi’s loan flow will be tokenized and matched with investors through that system. The goal is faster settlement and lower cost of capital compared with traditional securitization.

Figure said Kiavi will be the first platform onboarded through Adaptor, its recently launched AI tool for automated agent-to-agent onboarding. Adaptor standardizes data from different originators, replacing months of manual integration work, the company stated. Figure expects the tool to reduce onboarding time and cut operational costs.

After the transaction closes, Kiavi Chief Executive Arvind Mohan will join Figure’s executive team as Chief Business Officer. Figure said its marketplace infrastructure will support Kiavi’s loan origination, funding distribution, and secondary market activity.

Sixth Street, an existing Figure partner, will contribute residential mortgage and private credit expertise through the balance-sheet acquisition piece, the investment firm said.