AFD: cryptocurrency managed services - class 1

Active Indefinite Delivery Contract Awarded Last action

Contract number
15M50024DA4400010
Awardee
Awarding agency
Task orders
2 $11,395,027 obligated

Award facts

Opportunity
Combined order value
$13,395,027 Current and potential, with all options
Last date to order 36% complete
IDV ceiling 35% used
$32,522,694.16
Maximum order
$32,522,694.16
Award type
Single award
Who can order
Only the awarding agency
Set-aside
No set-aside
Competition
Full and Open Competition · 2 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Legislative mandates

Award details come from SAM.gov/FPDS.

About this IDV

Written by GovTribe AI ·

The U.S. Marshals Service Asset Forfeiture Contracts Team awarded a single-award IDIQ to Coinbase Inc. on July 1, 2024, with a ceiling of $32,522,694.16 and an ultimate completion date of December 23, 2030, to provide Class 1 cryptocurrency managed services for mission-critical management of seized assets remanded to USMS custody pursuant to 28 CFR Section 0.111.

Place of performance is New York, NY. The originating solicitation, posted March 4, 2024, sought an IDIQ contractor to 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. The acquisition strategy specified a single award with a 5-year ordering period and potential 6-month extension. NAICS code is 523160 (Virtual Currency (Cryptocurrency) Dealing); PSC code is R499.

The base delivery order, awarded July 1, 2024, runs through June 30, 2029, with a ceiling of $6,978,346.66 on a firm fixed-price basis and covers comprehensive cryptocurrency analysis tools and services. A second delivery order issued June 24, 2026, with a ceiling of $6,416,680.00 and completion date of June 23, 2027, continues cryptocurrency managed services under the same Class 1 scope, also firm fixed price.

Task orders

Task order Ordering agency Obligated Awarded
AFD: cryptocurrency managed services - class 1 15M50026FA4400036 US Marshals Service Asset Forfeiture Contracts Team (USMS) $4,416,680
AFD: cryptocurrency managed services - class 1 base year POP july 1, 2024 to june 30, 32025 15M50024FA4400016 US Marshals Service Asset Forfeiture Contracts Team (USMS) $6,978,347

Transactions

Action Obligated Date
Other Administrative Action P00007 $0
Exercise an Option P00006 $0
Supplemental Agreement for work within scope P00005 $0
Other Administrative Action P00004 · AFD: cryptocurrency managed services - class 1 mission critical: management of seized assets remanded to usms custody pursuant to 28 CFR SEC. 0.111 $0
Other Administrative Action P00003 $0
Other Administrative Action P00002 $0
Other Administrative Action P00001 $0
Original award $0

Quick answers

Who was awarded contract 15M50024DA4400010?

15M50024DA4400010 was awarded to Coinbase Inc. by US Marshals Service Asset Forfeiture Contracts Team (US Marshals Service) on July 1, 2024.

How much is contract 15M50024DA4400010 worth?

Orders under 15M50024DA4400010 have obligated $11,395,027. Their combined current value, with exercised options, is $13,395,027. 15M50024DA4400010's own ceiling is $32,522,694. A single order can be worth up to $32,522,694.

How many orders have been placed under contract 15M50024DA4400010?

2 orders have been placed under 15M50024DA4400010, the latest on June 24, 2026.

Who can order from contract 15M50024DA4400010?

15M50024DA4400010 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.

Was contract 15M50024DA4400010 competed?

The extent of competition for 15M50024DA4400010 was full and open competition. The government received 2 offers.

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