Binance Targets Mesh as Crypto Payments Firm Seeks Up to $2B Valuation Round

TLDR

• Binance reportedly plans to lead Mesh’s new funding round at a valuation reaching $2 billion.
• Mesh was valued near $1 billion after its $75 million Series C funding round.
• Axios cited people familiar with the matter, while Binance and Mesh have not confirmed.
• Mesh connects wallets, exchanges, stablecoins, and fiat rails for digital asset payment settlement.
• Stablecoin rules and tokenization growth are driving demand for crypto payment infrastructure providers.

Binance is planning to lead a new funding round for Mesh, a crypto payments and settlement company, at a valuation that could reach as much as $2 billion, according to Axios, citing people familiar with the matter.

The reported round has not been publicly confirmed by Binance or Mesh, and the figures remain subject to final terms if the financing proceeds.

Mesh was valued at around $1 billion earlier in 2026 after raising $75 million in a Series C round led by Dragonfly Capital.

The reported Binance-led round would mark a sharp valuation increase for a company focused on digital asset payments, fiat transfers, stablecoin settlement, and exchange connectivity.

Mesh Funding Round Could Lift Valuation to $2B

According to Axios, Mesh is raising new capital as demand grows for infrastructure that connects digital assets with fiat payment systems. The company’s network is designed to support transfers across wallets, exchanges, stablecoins, and traditional currency rails.

Mesh, formerly known as Front Finance, provides a connection layer that helps users move funds across different crypto platforms. Its service allows users to pay with one asset while merchants or platforms can receive settlement in another asset or fiat currency.

The company’s previous Series C round included backing from Dragonfly Capital, Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. If the new round closes near the reported valuation, Mesh would double its valuation within months.

Binance Reportedly Targets Crypto Settlement Infrastructure

Binance’s planned lead role would place the exchange deeper into crypto payment and settlement infrastructure, according to the reported details. The move would fit a broader shift by major crypto firms toward services that support transfers, custody access, and payments beyond spot trading.

Payment infrastructure has become a more active funding area as stablecoin usage expands across exchanges, wallets, and institutional platforms. Investors have shown rising interest in companies that can link digital assets with regulated money movement systems.

Mesh’s network connects more than 300 wallets and exchanges, according to details cited in coverage of the company. That reach gives the firm a role in moving assets between platforms where users, exchanges, and merchants may have different settlement needs.

Stablecoin Rules and Tokenization Support Demand

Axios reported that demand for digital asset-to-fiat transfer tools and settlement infrastructure is rising as stablecoin rules become clearer. Tokenization has also increased demand for systems that can move value between blockchain networks and traditional financial channels.

Stablecoins are becoming a larger part of payment strategies for crypto companies, banks, and settlement providers. Some regulated financial institutions are already supporting stablecoin settlement services for institutional conversion between fiat and digital assets.

Tokenized deposits and on-chain settlement tools are also drawing attention from major financial institutions. These systems are being developed to support faster settlement while keeping customer funds within regulated banking structures.

Mesh operates in this market by focusing on the movement of value between wallets, exchanges, stablecoins, and fiat rails. The reported Binance-led round would show continued investor demand for payment infrastructure as crypto settlement becomes more closely connected with mainstream financial services.

The post Binance Targets Mesh as Crypto Payments Firm Seeks Up to $2B Valuation Round appeared first on CoinCentral.