Binance Plans To Lead Mesh Funding Round At Up To $2B Valuation

Binance is set to lead Mesh’s new funding round at a valuation of up to $2 billion, giving the crypto payments and settlement company a higher reported price six months after its last major raise.

The Axios Pro report placed the new valuation at up to $2 billion and tied the round to demand for digital asset, fiat transfer, payment and settlement infrastructure. The deal has not been announced by Binance or Mesh.

Mesh closed a 75 million Series C in January at a $1 billion valuation. Dragonfly Capital led that round, with Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment and Liberty City Ventures participating. Mesh said at the time that it had raised more than $200 million in total.

The new funding report comes as Binance expands beyond spot crypto trading into stock access, stablecoin-funded products and settlement-linked infrastructure. Binance Direct Stocks recently crossed $1 billion in user holdings within 30 days of launch, with eligible users able to fund fractional U.S. stock and ETF purchases through supported crypto balances.

Mesh Builds Crypto Payment And Settlement Rails

Mesh was founded in 2020 and builds crypto payment infrastructure connecting exchanges, wallets and financial services platforms. Its network is designed to let users pay with digital assets while merchants receive settlement in stablecoins or fiat currencies.

The company’s January release listed more than 900 million users reachable through its network and described expansion plans across Latin America, Asia and Europe. Mesh also said part of the Series C round was settled in stablecoins.

Mesh’s infrastructure focuses on the transfer layer between wallets, tokens, exchanges, merchants and settlement endpoints. That puts it inside the same market as stablecoin payment networks, fiat onramps, wallet-connectivity providers and tokenized-asset settlement systems.

Stablecoin payment infrastructure has been expanding as issuers and banks add direct minting, redemption and settlement routes. Standard Chartered recently launched institutional USDC minting and redemption with Circle, giving eligible clients access through the bank without requiring direct Circle accounts.

Stablecoin And Tokenization Demand Lifts Infrastructure Deals

The funding talks come after the GENIUS Act created a federal framework for payment stablecoins in the U.S. and as tokenized assets move deeper into public-market products. Payment, transfer and settlement companies now sit between stablecoin issuers, wallets, exchanges, banks, brokerages and tokenized-security platforms.

Open Standard recently introduced Open USD with more than 140 partners across payments, fintech, banking, crypto, commerce and technology. The model centers on free minting and redemption, no artificial volume limits and shared reserve earnings after a management fee.

Mesh’s next round would double the company’s reported valuation from January if it closes at the top of the range. As of July 2, Axios Pro placed the planned Binance-led round at up to $2 billion, while Mesh’s last announced financing remained the $75 million Series C at a $1 billion valuation.

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