RFI Unclaimed Cryptocurrency Asset Management

The State Controller's Office (SCO) is seeking information regarding cryptocurrency custody platforms and related services for managing unclaimed crypto assets. This could be accomplished through a third-party custodian, implementing a direct custody model, or other proposed model. These services will ultimately allow the State to achieve its goals of providing secure, compliant, and scalable custody solutions for unclaimed cryptocurrency assets, Non-Fungible Tokens (NFTs) and other emerging digital assets. • The solution should employ advanced security protocols, including multi-signature wallets, hardware security modules (HSMs), and secure cold storage. • The solution should comply with state and federal laws, including unclaimed property statutes, financial regulations, and tax reporting. • The solution should provide intuitive tools for asset management and reporting, and minimize the workload on state staff. • The solution should be cost-effective, with transparent pricing models and clear cost structures. • The solution should be scalable, with the capacity to support a diverse range of digital assets and emerging cryptocurrencies and NFTs.