Secondary Rfp #2024-Dfa-088409 Digital Financial Asset Law (DFAL)

The Digital Financial Asset Law (DFAL), signed into law by Governor Newsom on October 13, 2023, creates a robust regulatory framework, including licensure and enforcement authority, for certain crypto activities. This law creates a comprehensive regulatory program for many crypto companies, requires DFPI to license and supervise many crypto asset-related companies that serve California residents, and provides important consumer protections for users. Furthermore, DFAL requires additional obligations for crypto kiosks operating in California.
The DFPI is seeking experienced consultants to assist in its development of comprehensive review processes and considerations for digital financial asset businesses that are requesting a license to operate in California. The experienced consultant must have knowledge and experience related to comprehensive compliance systems, blockchain technology, and information and operational security.
To assist the DFPI in developing its processes related to the recently passed Digital Financial Assets Law ("DFAL"), we are seeking consultants with expertise in blockchain technology systems, information security, and compliance to assist the department in its development of comprehensive processes to review DFAL applicants and eventual licensees.
In responding to this RFP, Proposers must describe their approach in a detailed work plan and explain what capacities and experiences uniquely set them apart to be successful in executing Digital Financial Asset Law (DFAL) . The detailed work plan should include a description of how the tasks described below will be accomplished, including a proposed schedule. Proposals will be evaluated based on the narrative response to how tasks and deliverables  outlined in the Scope of Work (SOW) are executed.
Proposers are encouraged to review the Assessment section of this RFP to understand how responses will be scored. Proposals are asked to restrict their response to the RFP to be between 10¿15 pages, single-spaced, 11-point font. This applies only to the narrative response to the tasks and deliverables described below.
Please copy link below into your web browser to view solicitation documents, submit questions, and submit your response to this solicitation in our City Innovate platform.
https://sb.cityinnovate.com/teams/dfpi?challenge_id=8833
ADDENDUM 1 is now available. Please see link to our City Innovate platform to view addendum changes. https://sb.cityinnovate.com/teams/dfpi?challenge_id=8833