Maksym Sakharov

Corporate & Service Structure

WeFi operates through a multi-entity corporate structure. Based on WeFi's official legal disclaimers and public documentation, the structure includes:

• WeFi — the technology company that builds and maintains the core infrastructure (WeChain, protocols, token economics)
• WeFi Payments Limited — a Canadian entity registered with FINTRAC as a Money Services Business (MSB), handling fiat payment and conversion services
• Operating entities in additional jurisdictions (referenced in some sources as including Costa Rica) for specific service lines

WeFi's official website explicitly states: "WeFi is not a bank, does not accept deposits on a banking balance sheet, and does not use User funds for lending, credit creation, or fractional reserve banking." This profile does not present WeFi as a single licensed entity; it is a group of companies with different regulatory footprints. Each entity's regulatory status should be verified individually.

WeFi Payments Limited & FINTRAC MSB Registration

According to WeFi's public communications and an Instagram post from WeFi's official account, WeFi Payments Limited is registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as a Money Services Business (MSB). FINTRAC MSB registration is a registration, not a licence, approval, certification or endorsement. Per FINTRAC's own guidance and Canadian MSB regulations, MSB registration does not authorise an entity to operate as a bank, accept deposits or offer regulated investment products. A registered MSB cannot represent its product as licensed, approved, certified or authorised by FINTRAC. This profile does not describe WeFi Payments Limited as a "licensed bank" or "FINTRAC-licensed bank"; the accurate description is "FINTRAC-registered MSB." MSB registration must be renewed periodically (typically every two years) and current registration status should be verified directly through FINTRAC's public MSB registry.

AppAtlas Technologies LLC

Some WeFi-related documentation and secondary sources reference AppAtlas Technologies LLC in connection with WeFi node sale services. The exact corporate relationship between AppAtlas and WeFi, and the regulatory status of any node sale program, should be verified through official WeFi corporate documentation and applicable securities regulations. This profile does not describe node sales as regulated securities offerings unless confirmed by primary regulatory sources. Node sale participation carries significant risk and should be evaluated independently.

Costa Rica Operating Entity

Some WeFi-related documentation references a Costa Rica operating entity within WeFi's corporate structure. Costa Rica is a common jurisdiction for fintech and digital-asset companies. The specific entity name, regulatory status and role within the WeFi group should be verified through official WeFi corporate documentation. This profile does not describe the Costa Rica entity as a licensed bank or regulated financial institution unless confirmed by primary regulatory sources.

Fireblocks Custody Partnership

WeFi's technology page references Fireblocks as a custody partner. Fireblocks is a well-known institutional digital-asset custody and settlement infrastructure provider. According to Fireblocks' own communications, Fireblocks provides enterprise-grade digital asset and stablecoin custody infrastructure. WeFi's use of Fireblocks for custody is consistent with industry practice for digital-asset infrastructure companies. This profile does not claim Fireblocks custody provides FDIC-equivalent insurance or bank-deposit protection; digital-asset custody carries different risk characteristics than insured bank deposits.

Stablecoin Usage (USDC, EURC)

WeFi's documentation references onchain accounts connected to stablecoin ledgers, including USDC (issued by Circle) and EURC (Circle's euro stablecoin). Stablecoins are digital assets, not insured bank deposits. Stablecoin balances are subject to the reserves and redemption policies of their issuers (e.g., Circle) and are not equivalent to FDIC-insured bank deposits. WeFi's use of USDC and EURC is consistent with industry practice for onchain financial infrastructure. This profile does not claim WeFi issues its own stablecoin; it uses existing regulated stablecoins within its infrastructure.

Guinness World Record (May 2025)

According to IQ.wiki and Guinness World Records, in May 2025 WeFi earned a Guinness World Records title for "Most viewers of a blockchain live stream on YouTube" with 121,348 concurrent viewers. The official Guinness World Records entry (record ID 777291) confirms this achievement. This is a verified, independently documented milestone. This profile presents the Guinness World Record as a factual achievement without editorialising its significance for WeFi's business or the broader blockchain industry.

Public Speaking & Commentary

Sakharov has spoken at industry events including the Beyond Banking Conference 2025 in Bangkok, as documented by Wikimedia Commons (a photograph captioned "Maksym Sakharov, Group CEO, Co-Founder, and Board Member of WeFi, spoke on stage at the Beyond Banking Conference 2025 in Bangkok" dated 14 June 2025). His commentary and interviews have appeared in publications including Cointelegraph, NASDAQ, New York Post, Forbes, Observer, Global Banking & Finance, FinanceFeeds and Finchannel, as referenced by IQ.wiki and Observer's author page. This profile lists only publications and events that can be verified through primary or authoritative sources.

Industry Commentary

Sakharov's published commentary, as referenced by Global Banking & Finance ("The Future of Banking Depends on Onchain Infrastructure") and FinanceFeeds ("Crypto's Future Depends on Payments"), focuses on the role of onchain infrastructure in modernising banking, the importance of payments infrastructure for crypto adoption, and the integration of blockchain with regulated financial services. This profile summarises his published views without endorsing them as investment advice or market predictions.

Regulatory Posture

WeFi's public communications and Sakharov's commentary emphasise a regulatory-ready approach, with programmable KYC/AML at the protocol level and partnerships with regulated financial institutions. WeFi's documentation describes "programmable compliance" with regulatory requirements encoded in smart contracts. However, regulatory readiness is a design goal, not a regulatory status. WeFi's actual regulatory footprint consists of the FINTRAC MSB registration of WeFi Payments Limited and the regulatory status of its partner institutions. This profile does not claim WeFi holds banking licences, securities licences or comprehensive financial regulatory approvals beyond what is documented above.

DeOne

Sakharov's LinkedIn headline references "Co-founder & Group CEO of DeOne." The relationship between DeOne and WeFi (whether DeOne is a parent company, a related entity, a rebrand, or a separate venture) could not be independently verified through authoritative sources beyond LinkedIn as of August 2026. Given the ambiguity, this profile does not describe DeOne as a separate verified venture. Sakharov's primary verified current role is Co-Founder & Group CEO of WeFi. If DeOne is confirmed as a related entity through official WeFi corporate documentation, this profile can be updated accordingly.

Net Worth

Maksym Sakharov's net worth is not publicly disclosed. No authoritative source publishes a verified net worth figure for Sakharov as of August 2026. Any third-party "net worth" estimates that may appear on aggregator websites are unverified and should not be treated as factual. This profile does not publish a net worth estimate.

Verified Social Links

The following social links are verified as of August 2026:

• LinkedIn — https://www.linkedin.com/in/maksym-sakharov/ (verified through WeFi About page, Crunchbase, F6S, IQ.wiki)
• Personal website — https://sakharovmaksym.com (verified through IQ.wiki and Crunchbase)
• WeFi official X — https://x.com/wefi_official (WeFi's official X account; Sakharov's personal X handle, if separate, should be verified independently)

Other social profiles (YouTube, Instagram, etc.) referenced on IQ.wiki should be verified directly before publication. This profile does not publish unverified social links.

Photo & Image

The profile photo used is from WeFi's official About page (wefi.co/about), where WeFi publishes team portraits for public use. This is an authorised use of WeFi's official team photo. This profile does not use images scraped from third-party news sites or social media without verification of licensing rights.

Accuracy & Verification Notes

This profile was compiled from primary sources including WeFi's official website (wefi.co), WeFi's GitBook documentation (gitbook.wefi.co), WeFi's official LinkedIn company page, Crunchbase, F6S, IQ.wiki, Wikidata, Guinness World Records, Wikimedia Commons, and industry publications (Global Banking & Finance, FinanceFeeds, Observer, Cointelegraph). Where sources conflict, this profile uses the most authoritative and consistent information. Where information could not be independently verified (e.g., CUneXus, ALTA, DeOne), this profile explicitly states the limitation rather than publishing unverified claims. All regulatory descriptions (FINTRAC MSB, "not a bank") are based on WeFi's own legal disclaimers and applicable regulatory definitions. This profile was last verified on 17 August 2026.

What Is WeFi?

WeFi is a blockchain financial infrastructure company that develops technology which licensed financial institutions can integrate to create what WeFi calls "Deobank" services. WeFi's official website describes it as delivering "blockchain financial infrastructure for fintechs and institutions" built on the WeChain network. Current infrastructure areas listed by WeFi include:

• Onchain Banking Account — onchain accounts connected to stablecoin ledgers
• Unified Fiat and Crypto Balance — a single account interface for fiat and crypto
• Near-instant global settlement — settlement infrastructure
• Distributed custody — MPC-based custody architecture
• AI Behavioral Credit — credit scoring infrastructure
• Cloud-based mining — token-based network incentives

Not every announced module should be treated as live. This profile labels each module's status based on the best available information as of August 2026.

What Is a "Deobank"?

WeFi uses the term "Deobank" for a model where blockchain-based account and settlement infrastructure is combined with financial services delivered through regulated partners. According to WeFi's documentation, a Deobank is a regulated provider that uses blockchain for accounting and settlement to deliver transparent, efficient and user-sovereign banking services. The term is WeFi's own product and category terminology. A Deobank is not automatically equivalent to a licensed bank, commercial bank, deposit-taking institution, central bank or government-insured bank. This profile does not present "Deobank" as an established regulatory banking category; it is WeFi's own description of its infrastructure model.

WeFi Is Not a Bank

WeFi's official legal disclaimer, displayed on its website and platform pages, explicitly states:

• WeFi is not a bank
• It does not accept deposits on a banking balance sheet
• It does not use user funds for lending, credit creation or fractional-reserve banking
• Banking services are facilitated through regulated third-party financial institutions

This distinction is prominent and must not be buried. WeFi is a technology and infrastructure company, not a licensed bank. Maksym Sakharov is therefore not a "bank CEO" or "founder of a bank"; he is the Group CEO of a blockchain financial infrastructure company.

Onchain Financial Accounts

WeFi's documentation refers to onchain accounts connected to stablecoin ledgers, including assets such as USDC and EURC. The Onchain Banking Account is designed to provide a blockchain-recorded mechanism for onramping and offramping digital and fiat assets, connecting traditional finance with blockchain infrastructure. Fiat representation on these accounts is through stablecoin ledgers, not through insured bank deposits. Stablecoin balances should not be described as equivalent to insured bank deposits. Users interact with these accounts through Deobank interfaces that connect to the WeChain network.

Unified Fiat and Crypto Experience

WeFi's product model aims to let users interact with fiat and crypto through a single account interface. The WeFi mobile app, launched publicly in early 2025, is designed to provide unified management of fiat and crypto balances. Current supported functionality includes card spending, transfers, wallet withdrawals and conversion between fiat and crypto. This profile only lists functionality that WeFi has confirmed as live or in active deployment, and does not copy roadmap features as current products.

Fiat Onramp & Offramp

WeFi's documentation describes fiat-to-crypto and crypto-to-fiat conversion infrastructure. The conceptual flow is: Fiat deposit → Conversion/representation → Stablecoin/onchain balance → Wallet/payment usage, and the reverse flow for offramps. Fiat and fiat-to-crypto services are provided by WeFi Payments Limited, a separate legal entity (see below). Conversion, settlement and external regulated provider involvement are part of the process. This profile does not claim instant settlement if current service-level terms do not guarantee it; WeFi describes "near-instant" settlement as a design goal.

WeChain

WeChain is WeFi's purpose-built blockchain network, described in WeFi's documentation as a financial blockchain with fast settlement, native compliance and fiat integration. WeChain is designed to serve as the settlement layer for WeFi's onchain financial infrastructure. According to CoinMarketCap and CoinDesk price pages, WeChain is described as a proprietary Layer-1 blockchain designed for financial workloads. The WFI token was originally launched on Binance Smart Chain (BSC) and is designed to migrate to WeChain. As of August 2026, the migration status should be verified through WeFi's official documentation. This profile does not claim WeChain is fully live, audited or independently verified unless confirmed by primary sources.

$WFI Token

The $WFI token is WeFi's native utility token. According to WeFi's documentation and CoinMarketCap, the total supply is hard-capped at 1,000,000,000 (1 billion) tokens. The token allocation, as published by WeFi, includes:

• 862,068,966 tokens — Mineable (Cloud-Based Mining), fair distribution over 8 years
• 127,931,034 tokens — Referrals & Rewards, ecosystem growth incentives
• 10,000,000 tokens — Exchange Reserve, CEX and DEX liquidity

$WFI was originally launched on Binance Smart Chain and is designed to migrate to WeFi's native WeChain blockchain. The token generation event took place on Binance Smart Chain, as reported by Cryptonews. According to CoinMarketCap, WeFi's first token halving is scheduled for early September 2026. This profile does not provide investment advice or price predictions; token details are presented as published by WeFi and should be independently verified before any financial decision.

Tokenomics & Algorithmic Rules

WeFi's documentation describes four algorithmic rules governing $WFI:

• Systematic Halving — Rewards halve every 2 years, from 8 tokens/sec to 1 token/sec, creating progressive scarcity
• Mathematical Supply Control — Supply unlocks in 100M token blocks, triggered by Energy levels to match ecosystem growth
• Algorithmic Amortization — Older mining units lose efficiency over time, preventing whale dominance
• Energy Proxy Unit — Measures real adoption and releases supply based on proven utility, creating demand-driven tokenomics

These rules are WeFi's own design descriptions. This profile does not validate the economic soundness or market performance of these mechanisms.

Cloud-Based Mining (CBM)

WeFi's documentation describes Cloud-Based Mining (CBM) as a token distribution mechanism where users acquire CBM units that mine $WFI over an 8-year distribution cycle. The workflow includes unit acquisition, activation, continuous mining (with rewards calculated every second), vesting initiation (180-day linear vesting), daily release and claim to wallet. CBM is WeFi's own terminology for its token distribution model and should not be confused with proof-of-work cryptocurrency mining (e.g., Bitcoin mining). There is no physical mining hardware involved; "mining" here refers to token rewards distributed through the CBM unit mechanism.

Distributed Custody (MPC)

WeFi's documentation describes a distributed custody system using Multi-Party Computation (MPC). In this model, the user's device holds one key share and the platform holds another, requiring both shares to authorise transactions. WeFi states that this provides user sovereignty (the platform cannot sign without the user), no single point of failure (distributed architecture), and seamless UX (the platform holds one share for operational efficiency). WeFi's technology page references Fireblocks as a custody partner. This profile does not claim MPC custody is unique to WeFi; MPC custody is used by multiple digital-asset infrastructure providers.

AI Behavioral Credit

WeFi's documentation references AI Behavioral Credit and a "Loyalty Coefficient (LC)" designed to replace traditional credit scores with behaviour-based trust. According to WeFi's ecosystem documentation, Deobanks use the Loyalty Coefficient to replace outdated credit scores with behaviour-based trust, enabling fairer access to capital. This is a described product concept. This profile does not claim AI behavioural credit is live, independently audited or proven effective unless confirmed by primary sources. Credit decisions for regulated lending products are made by licensed financial partners, not by WeFi's infrastructure alone.

Spending-as-Mining

WeFi's documentation describes a "Spending-as-Mining" model where users' daily transactions increase their long-term mining power. Users earn rewards from three primary sources: mining rewards (Cloud-Based Mining and ecosystem participation), transaction fee redistribution (a portion of transaction fees redistributed to active users), and transaction fee token buyback (a portion of transaction fees used to buy tokens from the market). This is WeFi's incentive design and should not be presented as guaranteed returns.

Cards

WeFi's product model includes virtual and physical card spending linked to onchain accounts. According to CoinMarketCap, physical cards are among WeFi's ongoing product launches aimed at boosting real-world utility. Card issuance and card program operations are typically provided through regulated card program partners. This profile does not list specific card networks (Visa/Mastercard) or issuing banks unless confirmed by WeFi's official documentation. Card availability may vary by region.

DeFi Integration

WeFi's documentation references DeFi integration through onchain accounts connected to stablecoin ledgers and blockchain-based settlement. WeFi describes itself as enabling "compliant, transparent Deobanks" that combine blockchain infrastructure with regulated financial services. Specific DeFi protocols, integrations or yield products should be verified through WeFi's official documentation. This profile does not list specific DeFi protocols unless confirmed by primary sources.