Binance to Lead Mesh Funding Round at $2 Billion Valuation

According to Axios, Binance is reportedly set to lead a funding round for Mesh at a valuation of up to $2 billion, roughly double the $1 billion valuation the company raised in January.

Mesh builds crypto payments and settlement infrastructure enabling users to transfer and settle digital assets across wallets, exchanges and financial platforms. The reported Binance investment would give the exchange deeper exposure to payment routing and stablecoin settlement as the industry shifts from speculative trading toward transaction infrastructure.