Blockchain capital markets firm Figure has formed a joint venture with Sixth Street to acquire AI-powered real estate lending platform Kiavi for $717 million. Figure acquired Kiavi’s technology and operations platform, while the joint venture acquired Kiavi’s loan assets. Kiavi’s CEO, Arvind Mohan, has joined Figure as Chief Business Officer. Kiavi’s assets will be integrated into Figure AI’s product, Adaptor, which enables agent-to-agent automation.
Figure and Sixth Street Acquire Kiavi for $717 Million in Joint Venture
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Summary
Figure and Sixth Street have formed a joint venture to acquire Kiavi for $717 million, an initiative categorized under real-world assets (RWA) news. Figure will assume control of Kiavi’s technology and operations, while the joint venture will manage the loan assets. Kiavi’s CEO, Arvind Mohan, will join Figure as Chief Business Officer. Kiavi’s assets will be integrated into Figure’s AI product, Adaptor, which enables AI + crypto news through Agent-to-Agent integration.
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