Digital Financial Assets System

The Vendor is required to provide consulting and advisory services to fully incorporate virtual currency and other digital assets into its unclaimed property program.
- Services shall include the assessment of policy and operational needs, evaluation of custodianship options, and the design and implementation of technical, legal, and organizational infrastructure to support the administration and liquidation of digital assets including the identification and verification of rightful owners of digital assets, valuation of digital property for reporting and claims purposes, and the ability to audit and oversee custody activities whether performed internally or via third-party.
- Conducting a comprehensive needs assessment to evaluate office organizational, technical, legal, and statutory readiness to accept and manage digital assets.
- Analyzing and comparing custody models, including in-house and third-party options, and provide strategic recommendations to office operational environment and risk profile.
- Designing a complete custody framework, including secure storage, transaction handling, and reconciliation, liquidation, and claim fulfillment.
- Developing policies, procedures, and training materials, documentation, and security controls aligned with legal requirements and industry best practices to ensure successful adoption of the custody program.
- Drafting technical specifications and identifying integration points with office existing systems.
- Assisting in the procurement planning and development of evaluation criteria for a competitive solicitation for third-party custodian services.
- Designing and supporting implementation of the system and organizational changes necessary to establish a fully operational custody function within the unclaimed property program.