RFI 311-26-090825AK Texas Strategic Bitcoin Reserve

The Texas Treasury Safekeeping Trust Company (TTSTC) has issued a Request for Information (RFI) for establishing the Texas Strategic Bitcoin Reserve, seeking qualified cryptocurrency custody and service providers. This procurement aims to create the first state-sponsored strategic cryptocurrency reserve with an initial $10 million appropriation, focusing on secure acquisition, custody, and exchange of bitcoin and other qualifying cryptocurrencies. The RFI seeks comprehensive information about potential service providers' capabilities, including secure asset custody, data protection, information systems security, regulatory compliance, risk management, reporting, and personnel expertise. Key procurement dates include September 19, 2025, for submitting questions, October 15, 2025, for releasing answers, and October 30, 2025, as the response submission deadline. Targeted service providers must have multiple years of experience delivering cryptocurrency-related services to large U.S. financial institutions, with specific emphasis on investment, custody, and exchange expertise. The RFI is explicitly exploratory, with no guaranteed contract award, and requires respondents to understand that all submitted information will become public and cannot be marked as confidential or proprietary.

The procurement does not specify explicit set-aside designations or restrictions on responding organizations. The TTSTC enables the Texas Strategic Bitcoin Reserve to sell bitcoin or cryptocurrencies to cover administrative expenses, indicating potential ongoing revenue generation. While no specific incumbent vendors are mentioned, the RFI suggests the state seeks providers with robust technological infrastructure capable of handling secure cryptocurrency transactions and custody. The initial appropriation of $10 million provides a baseline for potential service provider engagement, though no specific contract value is guaranteed. Respondents should anticipate comprehensive evaluation based on their company background, technological capabilities, security protocols, regulatory compliance, and demonstrated expertise in cryptocurrency management. The procurement appears designed to establish a flexible, scalable framework for state-level cryptocurrency asset management, with potential for future expansion depending on the quality of responses and technological capabilities demonstrated by potential service providers.