Binance Plans to Lead Funding Round Valuing Crypto Payments Company Mesh at Up to $2 Billion

Crypto payments and settlement company Mesh is raising a new funding round valuing it at up to $2 billion, with Binance planning to lead the investment, according to Axios. The reported valuation represents a doubling from the $1 billion figure achieved in the company's series C funding round in January, highlighting sustained investor appetite for digital asset infrastructure.

The transaction comes as demand for companies facilitating transfers between digital assets and traditional currency grows, according to Axios, citing people familiar with the matter. Clearer regulatory frameworks for stablecoins and accelerating tokenization of assets are driving this shift, positioning Mesh's payment and settlement technology at the center of expanding crypto-to-fiat commerce.