FY26 TRM Labs - Blockchain Analytics Software SPSSC

The State of Illinois, Division of Professional Regulation, awarded a contract to TRM Labs, Inc. for blockchain analytics software services under Open Market Small Purchase procedures. The contract, designated 26-440DFPR-PROFR-P-93787, carries a total contract value of $51,000.00 and is effective from March 31, 2026 through March 31, 2027. The division is procuring two accounts of blockchain analytics software at $25,500.00 per account to enable department staff to monitor on-chain digital asset transactions conducted by regulated entities for detection of illicit and fraudulent activity.

The software solution will provide the Illinois Division of Professional Regulation with access to blockchain transaction data and information regarding potential regulated entities that is not available through public data sources or existing contractual arrangements. This procurement supports the agency's implementation of its digital asset supervision unit by supplying the three accounts initially required for operational monitoring. The vendor must comply with the State of Illinois Department of Innovation and Technology's Information Technology Standard Terms and Conditions, including requirements for comprehensive data security compliance with NIST Special Publication 800-53 Revision 5, maintenance of audit records for a minimum of three years, general commercial liability insurance of $1,000,000 per occurrence, and accessibility standards under the Illinois Information Technology Accessibility Act.