Search results for Figure Technology
Crypto
Figure to buy AI-based real estate loan platform Kiavi for $717 million
Nasdaq-listed fintech company Figure Technology Solutions will acquire AI-based residential real estate loan platform Kiavi for $717 million. Figure will buy Kiavi’s technology and operating platform. It will also form a joint venture with investment firm Sixth Street and separately purchase Kiavi loan notes. Figure offers a home equity line of credit, a credit card-like product with a set limit that can be borrowed and repaid repeatedly, with limits rising as home values increase.
Crypto
Bernstein says RWA market tops $51 billion, private credit largest segment
The real-world asset (RWA) market is expanding rapidly, with tokenised private credit emerging as a core segment, Bernstein Research said. It estimated the RWA market at about $51 billion this year, with tokenised private credit making up about 44 percent. Bernstein said differences in classification standards led to gaps with other estimates. It cited BlackRock\'s BUIDL and U.S. Treasury-linked tokens as major areas, and said Figure Technology Solutions led platforms by tokenised assets.
Crypto
CoinShares crypto asset manager to list on Nasdaq via SPAC merger
Crypto asset manager CoinShares will list on the Nasdaq through a merger with SPAC Vine Hill Capital, creating holding company CoinShares PLC. Shares will trade under the ticker CSHR. The deal was first announced in September and valued the company at about $1.2 billion including $50 million from institutional investors. Chief executive Jean-Marie Mognetti said U.S. listing is needed to grow in the U.S. market.
