The vendor is required to provide from a uniquely discrete blockchain analytic tool provider that uses clustering as the primary methodology to attribute and label wallet address ownership to a legal entity and service.
- The virtual currency market remains volatile as it continues to evolve rapidly with 1) a lack of regulatory harmonization globally; 2) a high-volume of illicit activity; and 3) high-risk actors facilitating payments through cryptocurrency channels
- Platform requirements:
1. Entity level due diligence & dashboards
• At a minimum the bidder must provide a customizable dashboard for the monitoring of all department licensed virtual currency entities that meet the specifications outlined below:
• Must provide and maintain high-level entity overview.
• Graph and table dashboard views must distinguish between incoming and outgoing transfers, and include:
o Holistic view of an entity’s transaction volume by total number and USD
o Exposure by entity (i.e., counterparty)
o Exposure by service category (i.e., exchange, un-hosted wallet, over-the-counter (OTC) desk, wallet cluster)
o Counterparty views to include:
a. Graph incoming and outgoing volume by risk severity
b. Table direct and indirect risk by category, # instances, USD amounts
c. Entity transfers with counterparty
d. Top incoming and outgoing counterparty flows by volume
• Dashboard tables must include the functionality to drill down to transaction level detail.
• Graph and table dashboards must include applicable filters (e.g., risk category, chain, date range).
• Must provide entity level risk score
2. Forensic capability
• Must have cross-chain tracing capabilities.
• Must have intuitive graphing visualization capability when following the flow of funds.
• Must have flexibility with settings for visualizing and labeling the graph.
• Must be able to manually graph additional transaction data points within graphing tool.
• Must be able to save graphs within tool and share graphs with other license holders.
• Must provide all relative transaction level details (e.g., timestamp, block number, blockchain, asset, asset value, fiat value, sending and receiving addresses, entity, and risk attribution.
• Address level watchlist must be able to monitor for funds movement.
• Must provide a web3 blockchain analysis tool that can develop a visual holistic timeline of an addresses movement of funds involving defi, NFT or related smart contracts.
3. Risk scoring
• Must be able to generate and provide numeric risk scores (i.e., ratings or scores based on historical counterparty attribution) for transactions and wallet addresses.
4. IP address 
• must be able to provide geographic location derived from transaction level ip address
5. Balances 
• Must be able to provide wallet address balance as of a particular date (i.e., point in time) and over time.
6. Functionality 
• Must be able to bulk upload wallet addresses. 
• Must provide attribution source materials. 
• Must provide extensive (90%) blockchain, asset and defi protocol transaction coverage. 
• Must provide partitions segregating work between department units holding licenses. 
• Must provide customized tools to meet department needs based upon rapidly evolving ecosystem risks.
- Contract Period/Term: 5 years
- Questions/Inquires Deadline: June 10, 2025