Binance plans to lead a funding round for Mesh, a crypto-to-fiat payments and settlement infrastructure firm, that would value the company at up to $2 billion according to reporting from Axios Pro. The valuation mark would double Mesh’s previous $1 billion valuation from January 2026, when it raised $75 million in a Series C round led by Dragonfly Capital with participation from Paradigm and Coinbase Ventures.

Neither Binance nor Mesh has officially confirmed the investment, making the $2 billion figure a reported target rather than final terms. However, the move reflects a broader pattern of strategic capital flowing toward payments infrastructure as crypto custody and settlement tools gain institutional traction.

Mesh’s platform…