Binance, the world’s largest cryptocurrency exchange, is reportedly preparing to lead a new funding round for Mesh, a company developing crypto payment and settlement infrastructure. Sources familiar with the matter say this could push Mesh’s valuation to as much as 2 billion dollars. Neither Binance nor Mesh have yet publicly confirmed the details of this potential deal.
In its Series C round, completed in January 2026, Mesh raised 75 million dollars based on a 1 billion dollar valuation. That round was led by Dragonfly Capital and included investors Paradigm, Coinbase Ventures, SBI Investment, Liberty City Ventures, and Moderne Ventures.
If this upcoming round closes at the targeted valuation, Mesh will have doubled its company value in roughly half a year. This leap stands out as a striking example of the surge in capital flowing into payment infrastructure and stablecoin-focused firms recently.
| Period | Valuation | Investment Amount |
|---|---|---|
| January 2026 | 1 billion dollars | 75 million dollars |
| Upcoming round | 2 billion dollars | Not disclosed |
Previously operating under the name Front Finance, Mesh develops infrastructure solutions that connect digital wallets, crypto exchanges, stablecoins, and traditional payment channels. The company specializes in facilitating payments, conversions, and settlements across a variety of asset types.
Quick glossary: Settlement infrastructure refers to the technical and operational systems that finalize exactly what asset and amount is exchanged between transaction parties. Tokenization is the process of creating a blockchain-based digital representation of assets such as money, deposits, or securities.
This system aims to bridge the gap between the digital assets users hold and the payment types merchants wish to accept. In doing so, it provides a transition layer linking crypto assets with traditional financial systems.
Soaring interest in stablecoins is fueling investments into companies providing payment and settlement infrastructure. This acceleration is largely driven by clearer regulatory frameworks and a boom in tokenization initiatives across financial markets.
Recently, Circle launched regulated stablecoin settlement services in Luxembourg after winning regulatory approval. The firm now offers USDC, USDG, and EURI for institutional conversions between fiat and crypto assets.
In the US, major financial institutions are collaborating under The Clearing House initiative to develop tokenized deposit infrastructure, with a target to go live in early 2027. This framework aims to allow banks to perform tokenized deposit transactions seamlessly within regulatory boundaries.
In 2024, Mesh partnered with Italy-based crypto wallet provider Conio, making it possible for users to expand their access to multiple exchanges and withdrawals through Mesh’s connectivity infrastructure. These collaborations have bolstered Mesh’s position in the payment connectivity landscape.
Should Binance indeed lead the upcoming round, it could signal that major crypto platforms now see payment and settlement infrastructure as the next frontier for growth. Lately, capital has been shifting away from traditional trading apps and token projects towards more compliant payment, cross-border transfer, and asset settlement solutions.
A timeline for completing the investment round has yet to be disclosed.
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