Blockchain-native capital markets platform Figure Technology Solutions announces it has reached a final agreement to acquire AI real estate loan platform Kiavi for a total of $717 million; at the same time, Figure and Sixth Street's joint venture will acquire loan assets on Kiavi's balance sheet. Figure stated that Kiavi is a leading platform in the U.S. residential transitional loan (RTL) sector, and this transaction is expected to add over $7 billion annually in loan volume to the Figure Connect marketplace, as well as generate over $100 million in asset flow per month for its on-chain warehouse market Democratized Prime.

PRIME-3.21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
MevStreetPhotographer
· 14h ago
The joint venture between Sixth Street and Figure is taking action, as traditional major capital is also competing for entry points into the blockchain.
View OriginalReply0
MempoolDrifter
· 14h ago
AI + Real Estate Loans + Blockchain, the triple buff is fully stacked.
View OriginalReply0
PaperSculptureOctopusPosition
· 14h ago
The on-chain storage market has been democratized—Prime has 100 million assets flowing in every month. That’s really the main event, right?
View OriginalReply0
DeltaSmile
· 14h ago
$717 million to buy an RTL head, is this calculation reasonable?
View OriginalReply0
FomoAfterYoga
· 14h ago
Figure This is about completely dominating the RWA track.
View OriginalReply0
  • Pinned