The U.S. Marshals Service (USMS), on behalf of the Department of Justice Asset Forfeiture Division, awarded a single-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract to Coinbase Inc. to provide cryptocurrency managed services for "Class 1" cryptocurrencies. Under this $32.5M IDIQ, Coinbase will use industry-leading storage and liquidation techniques to manage and dispose of large quantities of popular cryptocurrencies in a professional, lawful, and policy-compliant manner. This will allow the government to streamline custody, management, and disposal processes for cryptocurrency assets, while diversifying the type of cryptocurrency that can be managed under the government's forfeiture programs.
The initial $6.9M firm fixed price delivery order awarded to Coinbase under this IDIQ has a period of performance from July 1, 2024 to June 30, 2029, and does not utilize any small business set-asides. Coinbase will provide cryptocurrency analysis tools and services to support law enforcement operations, tax compliance, and cybersecurity efforts. This builds on Coinbase's prior contract work providing blockchain analytics platforms and subscriptions to government agencies like DHS, ICE, IRS, and the Air Force.
Generated 10/11/24, 9:05 AM