Home > Domain Name News > ICANN creates a New gTLD Funds Investment Policy for the US$355 million of application fees

ICANN creates a New gTLD Funds Investment Policy for the US$355 million of application fees

ICANN has collected approximately US$355 million of application fees from applicants for generic top-level domains (gTLDs) in the New gTLD Program (net from pre-reveal withdrawals). The purpose of these application fees is to cover the costs of implementing the GNSO‘s Policy on new gTLDs through the New gTLD Program. Because of this specific usage of the funds, as well as the specific timeframe associated with such usage, a specific investment policy is called for to support the adequate investment of such funds for the time they will be held.

ICANN selected Bridgebay Investment Consultant Services to assist in the design of a specific investment policy for management the funds held for the New gTLD Program. The New gTLD Fund Investment Policy has been designed to enabling safeguarding, liquidity, and a reasonable return on investment during the period of time the funds are invested.

Sold.Domains

About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London, UK and lives in Athens, Greece. He works on domain names and website and software development. He has been online since 1995 and a domain investor since 2002.

Check Also

nyc-logo

The domain Home.nyc was registered for $30 because of a glitch and the owner get’s to keep it

The domain name home.nyc is now not part of the .nyc auction as it was …

google-logo

Penguin is now part of the core Google algorithm

Google announced today that Penguin is now part of the core Google search algorithm. Google’s …

Leave a Reply

Your email address will not be published. Required fields are marked *