Figure has completed the acquisition of Kiavi for $717 million, adding $7 billion in tokenized loan origination volume.

BlockBeats News, September 2nd, Figure Technology Solutions has completed the $717 million acquisition of Kiavi on Tuesday, bringing one of the largest residential real estate investor loan servicers in the United States into the blockchain ecosystem. Both Figure's acquisition announcement and its 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC) confirm that the transaction was completed on September 1st.

According to Figure's earlier acquisition announcement, Kiavi is expected to add over $7 billion in annual first-lien mortgage origination volume to Figure Connect and facilitate over $1 billion in monthly funding to Figure's blockchain-based lending platform, Democratized Prime.