Digital Asset Consultant

The Bank of North Dakota (BND) in Bismarck is conducting a noncompetitive procurement for a Digital Asset Consultant, specifically seeking experienced professionals in stablecoin and tokenized deposit technologies. The procurement targets consultants with extensive experience, requiring a demonstrated history of over 20 engagements in financial institutions or FinTech, along with comprehensive regulatory knowledge from the Federal Reserve System. Key deliverables include developing detailed risk assessments, evaluating program readiness for regulatory review, and providing ongoing advisory services related to digital asset activities. The consultant must possess advanced expertise in digital asset risk assessments, policy development, and regulatory compliance. The solicitation requires electronic submissions through the State Procurement Online system, with responses due by October 23, 2025, at 5:00 PM Central Time. The procurement specifically emphasizes the need for consultants who can ensure safety and soundness from a regulatory perspective, with a focus on comprehensive digital asset risk profiling and strategic guidance.

The procurement appears to be targeting Crowe, LLP as the intended source, with an estimated budget range of $50,000 to $400,000 for an approximately 12-month engagement. No specific set-aside designations or restrictions for disadvantaged enterprises were explicitly mentioned in the documentation. The contract is focused on Burleigh County, North Dakota, and will require the selected consultant to provide ongoing support beyond the initial assessment period. The procurement does not indicate multiple vendor selections, suggesting a single-source approach focused on obtaining highly specialized consulting services. The evaluation will likely prioritize vendors demonstrating deep regulatory backgrounds in banking and emerging digital asset technologies, with a comprehensive understanding of current regulatory landscapes and risk management strategies. Vendors must submit detailed responses including company information, contact details, technical specifications, value-added features, and comprehensive cost information to be considered for this specialized consulting opportunity.