Description
The Texas Treasury Safekeeping Trust Company (TTSTC) is seeking information from qualified respondents to gather industry best practices regarding the creation and management of the Texas Strategic Bitcoin Reserve. The Reserve will provide the State with the capability to safely acquire, custody, and exchange bitcoin and other qualifying cryptocurrency. Respondents should have experience providing cryptocurrency-related services to large U.S. financial institutions. The RFI seeks feedback on various aspects, including secure custody of digital assets, data controls and protection, information systems, access, and vulnerability management, regulatory matters, risk management, and insurance.
• The Texas Strategic Bitcoin Reserve is the first of its kind in the United States.
• The Reserve will be established with an initial appropriation of $10 million.
• The Trust Company may contract with third parties for the administration and management of the Reserve.
• Respondents should provide information on their company background, experience with cryptocurrency, and approach to secure custody and management of digital assets.
• The RFI is not a solicitation for a contract, and no contract will be awarded in connection with this RFI.