Figure Technology Solutions is in a joint venture with Sixth Street to purchase Kiavi, the artificial intelligence-driven platform that provides capital to residential real estate investors, in a $717 million deal, according to an announcement from the company.

The deal involves more than buying loans off Kiavi's balance sheet. Arvind Mohan, chief executive officer of Kiavi, will join Figures executive team as chief business officer after the deal closes.

Jeffries advised Kiavi on the transaction, exclusively, while Barclays Capital advised Barclays Capital.

The deal will bring Kiavi's assets onto Figure Technology's blockchain environment, adding $7 billion in annual volume. That will include more than $100 million of monthly cash flow on Figure's blockchain-native warehouse marketplace, called Democratized Prime, which matches institutional investors with institutional-grade products.

It will also boost Figure's focus on the first-lien segment. That area of business grew about 2.5x on a year-over-year basis in 2025. With Kiavi's balance sheet, first-lien loans are expected to account for 40% of Figure's consumer loan marketplace volume for full year 2027, the rating agency said.

""With Kiavi's industry-leading platform powered by Figure's innovative blockchain marketplace, we have the opportunity to deliver an entirely new—and unmatched—standard of reach, reliability and execution," according to a statement from Mohan.

Kiavi regularly issues rated and unrated securitized debt backed by residential transition loans, through the LHOME Mortgage Trust, according to the Asset Securitization Report's deal database.