Figure to acquire Kiavi for $717 million to expand RWA tokenization network
Figure said moving Kiavi assets onchain could reduce costs while maintaining a capital-light, high-margin business model.
Figure, a blockchain-based financial services company, has announced its acquisition of Kiavi, a real estate investment platform, for $717 million. The deal represents Figure's strategic push to expand its real-world asset (RWA) tokenization capabilities and strengthen its position in the growing digital asset infrastructure market.
Figure specializes in using blockchain technology to streamline financial services, particularly in lending and asset management. The company has been actively building its tokenization platform, which converts traditional assets into digital tokens on blockchain networks. Kiavi operates as a technology-enabled real estate investment company, focusing on fix-and-flip and rental property financing for real estate investors across the United States.
The acquisition aligns with the broader industry trend toward tokenizing real-world assets, which has gained significant traction as institutional investors seek more efficient ways to access and trade traditionally illiquid assets. Figure stated that moving Kiavi's assets onchain could significantly reduce operational costs while maintaining a capital-light, high-margin business model. This approach could potentially transform how real estate investments are structured, managed, and traded.
Market observers will be watching how Figure integrates Kiavi's operations with its blockchain infrastructure and whether the combined entity can demonstrate meaningful cost savings and operational efficiencies. The success of this integration could influence other financial services companies considering similar blockchain-based transformations.
Source: The Block
