RFI Unclaimed Cryptocurrency Asset Management

The State Controller's Office (SCO) in California has issued a Request for Information (RFI) seeking comprehensive solutions for cryptocurrency asset management, specifically targeting unclaimed digital assets. This procurement opportunity focuses on identifying robust custody platforms and services capable of managing unclaimed cryptocurrencies, Non-Fungible Tokens (NFTs), and emerging digital assets through potential models such as third-party custodianship or direct custody approaches. The primary objectives include establishing secure, compliant, and scalable digital asset management solutions that can effectively handle complex cryptocurrency holdings while adhering to applicable legal and regulatory frameworks. Key deliverables are expected to encompass sophisticated digital wallet management, comprehensive reporting mechanisms, and seamless asset transfer capabilities. The RFI was posted on October 29, 2025, with responses due by November 19, 2025, providing potential vendors approximately three weeks to submit detailed information about their technological capabilities, security protocols, and innovative custody solutions.

While the RFI does not explicitly specify set-aside designations or vendor restrictions, it suggests a preference for technologically advanced providers with demonstrable expertise in cryptocurrency custody and digital asset management. The procurement appears open to a wide range of technology firms, financial service providers, and specialized cryptocurrency custody platforms that can demonstrate comprehensive security, regulatory compliance, and scalable infrastructure. No specific budget range or award value was disclosed in the available documentation, indicating that the SCO is primarily seeking exploratory information to inform future procurement strategies. Potential respondents should be prepared to provide in-depth technical specifications, security frameworks, compliance methodologies, and potential implementation strategies for managing the state's unclaimed digital assets. The RFI represents a forward-looking approach by the State of California to develop sophisticated digital asset management capabilities that can adapt to the rapidly evolving cryptocurrency ecosystem.