On June 10, 2026, Figure Technology Solutions (Figure), the blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, announced a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors. The transaction includes the purchase of Kiavi’s balance sheet assets by a joint venture between Figure and Sixth Street, a leading global investment firm, who is buying loans off Kiavi’s balance sheet. The total transaction purchase price is $717 million. Wilson Sonsini Goodrich & Rosati is advising Kiavi on the transaction.

Kiavi’s AI-powered platform provides real estate investors with the capital to buy, renovate and/or rent investment properties at scale. Kiavi’s products include short-term Residential Transition Loans and long-term rental property loans known as Debt Service Coverage Ratio loans, a growing product within Figure’s existing portfolio. This transaction represents a $200 billion annual addressable origination opportunity that will be brought onto Figure’s tokenized rails.

The Wilson Sonsini team that is advising Kiavi on the transaction includes:

Corporate/M&A
Rezwan Pavri
Ethan Lutske
Jack Hamilton
Lester Ang
Ryan Cooper
Yifeng Li

Employment Law
Matt Gorman
Chimene Cooper

Data, Privacy, and Cybersecurity
Matt Staples
Michael O'Brien

Technology Transactions
Jamie Clessuras
Stefan Geirhofer
Nicole Fontes
Graham Hendrick
Nicole Boucher

National Security and Trade
Jahna Hartwig
Seth Cowell
Kara Millard
Grace Beck

Employee Benefits and Compensation
David Thomas
Jason Chan
Han Bae

Corporate Finance
Dana Hall
Charles Gelinas
Rick Titcomb
Ryan Isola

Real Estate
Susan Reinstra
Moncarol Wang
Catherine Johnson

Tax
Myra Sutanto Shen
Anjali Krishnan
Ryan Wong

For more information, please see Figure's and Kiavi’s joint news release. Additional coverage can be found on Bloomberg and Law360.