That’s according to Axios, which says the round could value Mesh at up to $2 billion. The report, citing sources familiar with the matter, noted that the funding round comes amid increasing demand for digital asset-to-fiat transfer tools, payment systems, and settlement infrastructure.

Mesh was valued at $1 billion earlier this year after raising $75 million in a Series C funding round, money it said would help it woo FinTech clients in Asia, Europe and Latin America.

“We strongly believe that the future of the economy is tokenized, and this tokenized economy will be heavily fragmented,” Bam Azizi, Mesh’s co-founder and CEO, said in an…