Figure closes $717 million Kiavi deal, bringing $7 billion lending business onto blockchain rails

Crypto Insight Summary: Figure Technology Solutions closed its $717 million acquisition of Kiavi on Tuesday, bringing one of the largest US lenders to residential real-estate investors onto blockchain rails. The September 1 closing was confirmed in both Figure’s acquisition announcement and its Form 8-K filed with the SEC. The arrangement represents a chance for the crypto sector to... Crypto Insight Analysis: Direction: Bullish FIG Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Acquisition strengthens Figure's market position and blockchain lending capabilities.