Description
The Texas Comptroller of Public Accounts is seeking proposals from qualified persons or entities to provide custody and liquidity services for the Texas Strategic Bitcoin Reserve. The successful respondent will be expected to provide a range of services, including custody services for Bitcoin and cryptocurrency assets, secure custody services and security protocols, onboarding and account setup, system training, and standard reporting. The respondent will also be required to provide advisory committee support, Texas legislative support, and general support as reasonably requested by the Trust Company. The contract is expected to commence on August 31, 2026, and the project duration is approximately 24 months.
Some key points to consider include:
• The respondent must meet the minimum qualifications listed in the RFP and provide a preliminary work plan that meets the specifications found in the RFP.
• The respondent must provide a cost worksheet that includes all costs for providing the services, including travel and general support.
• The respondent must be willing to serve as a secondary service provider at no cost or for a reasonable flat annual fee.
• The respondent must provide hourly rates for ad hoc services requested by the Trust Company.