Figure to acquire Kiavi’s technology and operating platform; a joint venture between Sixth Street and Figure to acquire Kiavi’s balance sheet assets. With this transaction, the #1 Residential Transition Loan (“RTL”)1 lender joins the leading home equity marketplace. Moving Kiavi assets natively onto blockchain marketplace rails extracts cost efficiencies, slashes friction, and maintains capital light business model and high margins. Acquisition adds over $7 billion in new annual first-lien volume to Figure Connect marketplace and more...