Texas Strategic Bitcoin Reserve

The Texas Comptroller of Public Accounts, acting through the Texas Treasury Safekeeping Trust Company, is seeking qualified entities to provide custody and liquidity services for the Texas Strategic Bitcoin Reserve, with proposals due by June 15, 2026, under solicitation number 908-26-1778WS. The contract, set to begin on September 1, 2026, with an initial three-year term and optional one-year renewals through August 31, 2032, requires contractors to deliver secure digital asset management services under stringent cybersecurity protocols, including air-gapped cold storage, multi-party computation for key management, hardware security modules, and 128-bit AES encryption across all data in transit and at rest. Compliance with NIST SP 800-63A, NIST SP 800-88, SOC 2 Type II, TX-RAMP, and FedRAMP standards is mandatory, along with adherence to Texas Government Code requirements for records retention, public information transparency, and data privacy. Contractors must maintain a public transparency website detailing reserve operations and submit a mandatory VetHUB Subcontracting Plan affirming either self-performance or good faith efforts to engage certified veteran-owned businesses, with subcontracting goals of 1.5% for commodity contracts and full documentation of outreach required. Offerors must demonstrate extensive experience in public sector digital asset management, with key personnel available for legislative testimony, and must pass rigorous background checks, including disclosure of any prior state employment within the last two years, felony convictions, or court actions, and must affirm compliance with anti-boycott laws and non-debarment status under penalty of perjury. Proposals must be submitted as searchable PDFs with hyperlinked tables of contents via email only, organized into 19 specified exhibits, and evaluated on a best-value basis, with 40% weight given to respondent qualifications and experience, 40% to the narrative and preliminary work plan, and 20% to proposed fees, with no formal contract value specified as pricing will be determined through competitive response. All performance is tied to Texas, with no FOB or physical delivery terms applicable, and contractors must provide proof of cyber, fraud, and crime insurance within five business days of award, while indemnifying the state against intellectual property claims arising from their services.