BlockBeats News, June 11th, Blockchain financial platform Figure Technology Solutions (Nasdaq: FIGR) has reached an acquisition agreement with real estate technology lending platform Kiavi, agreeing to complete the transaction for $717 million and acquire its loan portfolio through a joint venture structure.

According to the announcement, Kiavi is an AI-driven residential real estate investment loan platform with an annual loan origination volume exceeding $30 billion. After the transaction is completed, its residential bridge and lease financing business will be integrated into Figure's on-chain capital market system.

Figure stated that this acquisition will add approximately $7 billion in annualized loan volume to its "Figure Connect" marketplace and bring in over $1 billion in monthly inflows to its "Democratized Prime" platform, further strengthening its presence in the first mortgage loan sector.

The transaction structure indicates that Kiavi's assets will undergo a native migration through blockchain market infrastructure to reduce financing and transaction costs, maintaining a light capital, high-profit model.

In addition, Figure will for the first time apply its AI product in this asset class to achieve agent-to-agent data and asset integration processes.