Whatever the purpose, the transfer of money is integral to any business or economic model, and .FUND creates a perfect extension for making that happen. Whether used for funding or receiving funds—or even to signal certain types of funds, such as hedge funds and mutual funds—.FUND is specific enough to provide an easily identifiable purpose for users and broad enough to have a wide variety of uses. Because it’s an open registry, anyone can use .FUND for any purpose.
There is no specific procedure related to the registration of a domain name.
.fund domain names are allocated on a "first come, first served" basis.