Overview
- Multiple outlets reported Friday that Axios says Binance plans to lead a new funding round that could value Mesh at up to $2 billion, and neither Binance nor Mesh has publicly confirmed the report.
- If the reported round closes near that level Mesh’s valuation would double from the $1 billion price set when it closed a $75 million Series C on January 27, 2026 led by Dragonfly Capital.
- Mesh builds middleware that routes and settles value across wallets, exchanges, blockchains, stablecoins and fiat rails without issuing its own token, and its tech reportedly underpins PayPal’s Pay with Crypto feature.
- Industry coverage links the surge of investor interest to clearer U.S. and global stablecoin rules and growing tokenization projects, which raise demand for neutral settlement infrastructure that converts between crypto and fiat.
- The round remains unannounced so market watchers should look for formal confirmation and filings, and a completed deal could shift which firms control off‑chain settlement flows and how merchants choose settlement assets.