|Monday, 24 February 2020, 16:10 HKT/SGT|
|- Reimagining Financial Investment and Risk in SE Asia|
TALLINN, EE, Feb 24, 2020 - (ACN Newswire) - ERB LIGA Exchange, having attracted a US$1 billion cash deposit from McKINLEY Investment, LLC USA, will begin to expand into Asian markets. Starting in Singapore, ERB will move to markets in Thailand and Vietnam. McKINLEY, with a low-key retail profile, has traditionally partnered with leading agencies and governments. However, the firm selected ERB as a major next-generation partner and is expanding its investment base to the general public.
|Eom Meen, ERB Chairman|
ERB LIGA signed a PDG Financial Assurance Agreement for US$5 billion with McKINLEY in 2019, creating the world's-first liquidity supply platform based on a PDG (Project Default Guarantee) program. Companies impacted by liquidity crises and investors in search for safe investment environments had platforms to match the sides, but companies still risk default, investors have no information for investing, and both are unsure of investment funds at any given time. All this changes with the ERB platform. If investments fail, or companies close, ERB will return investment principal via its new PDG program.
With this program, true innovation of the financial market has begun. Investors will welcome the "low risk, high returns" spirit, while ERB is preparing to help to a great many companies, small and medium-sized, suffering from financial shortage due to the recent economic recessions. The following are seven Q&A's drawn from an interview with ERB Chairman Eom Meen.
Q1. ERB is said to have its headquarters in Dubai. What is your future business scope?
We have established branch representatives in more than 50 countries since moving ERB headquarters from Estonia to Dubai. Today, and in the future, we look forward to doing business in countries around the world. However, our immediate plans concentrate efforts in several key Asian markets.
Q2. Why did you consider Asia to be your priority business area?
I have talked a lot, and sympathized a lot, as ERB has done business with partners from China and other Asian countries for a long time. I have the same aims as my Chinese friends and colleagues, and so it would be possible to create a synergy effect while doing business for prolonged growth and impact.
Q3. What direction do you pursue in terms of business?
What I consider first and foremost is 'trust' and, ultimately, 'win-win'. The scope of 'win-win' is not exclusively between us, but between the investor and the investment, and between the same investors. The traditional zero-sum structure is out of date. We can design structures that can be win-win with better technologies and creative designs, and we no longer have to take others' things and put them in our pockets. We lead both investor and investee to profitability through the PDG program, and there is no need to play the zero-sum game where investors take or are taken away. A safe place to invest is not based on speculation, probability game or gambling luck, but actual investment to realize profit.
Q4. What are the processes and features of PDG program?
Let me think from the point of view of the investor and the project organizer. The investor's funds are provided to the project organizer through ERB. If a business is successful, as everyone knows, everyone is happy to make money. But what if it fails? The project organizer tries to avoid the responsibility and the investor loses valuable money.
With ERB, it will never happen. When a project fails, we use ERB's PDG program to return the principal to the investor. We can always give them a chance to try again by reviewing the progress and growth of the project.
Q5. If ERB relies on the PDG program, may it lose money?
In parts, it may seem so. However, it is not so. These expenditures are considered investments to attract new investors. Some investors may question whether their investment will ever be returned. Any investment that flows gto its investee through the PDG program, doubt will turn to a conviction and develop into trust with ERB. I understand the power of trust. An investment platform trusted by the investor will always be a success. One or two small investors lead to large investors, and with large investors come global funds and the funds of government agencies seeking safe places to invest. As investments grow and offer greater returns, we are working to create an improved investment ecosystem so investors will not think of investing outside of ERB.
Q6. How was PDG funded?
McKINLEY Investment LLC, USA saw our platform, and signed a PDG Financial Assurance Contract for US$5 billion, increasing to US $20 billion, and deposited cash of US$1 billion. They required less than 10 days for a series of procedures leading to Proof of Fund (POF). They had a perfect understanding of our platform, even in such a short time.
Son Masayoshi decided to invest $30 million in less than six minutes after Ma Yun began a briefing on Alibaba, and he earned more than 4,000 times his investment. McKINLEY, an investment company with decades of experience and investment success, has played a significant role in the growth and expansion of ERB.
Q7. What orientation does the ERO Platform have?
What the ERO Platform seeks is humanism. We will provide liquid funds to companies regardless of their credit ratings by considering innovativeness, future orientation, social contribution, and project growth value to support success for them and their projects. We hope to establish a new standard in the international financial markets and form a virtuous circular investment environment, with 'low risk, high return' and the consistent exercise of good influence.
See: https://exrb.net/index, and https://www.mckinleyinvestment.com/forum/public-open-announcement/erb-is-known-worldwide-for-its-name-brand
Topic: New Product
Sectors: FX & Digital Currencies
From the Asia Corporate News Network
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