RFO PART 6 Justification for Other Than Full and Open Competition -Cryptocurrency Managed Services Redacted

United States Department of Justice
United States Marshals Service
Asset Forfeiture Division
Revolutionary FAR Overhaul (RFO) 12
Justification for Other Than Full and Open Competition
(Negotiated Procurements)
This acquisition follows the procedures presented in Revolutionary FAR Overhaul (RFO) Parts 6.103 and 6.104 as authorized by 41 U.S.C 3304(a) (1). This justification authorizes the use of other-than-full-and-open competition for this requirement in accordance with RFO Parts 6.103 and 6.104 as authorized by 10 U.S.C. 3204(a)(1) or 41 U.S.C. 3304(a)(1).
MIQ Request Number

M-26-A44-R-000122

Contract Specialist’s Name
Contracting Officer’s Representative

Nature or Description of Action

The United States Marshals Service (USMS) Asset Forfeiture Division (AFD) is seeking to award a sole source contract for cryptocurrency management services of its Class 2-4
inventory. As a result, the contract will provide the full range of cryptocurrency asset custody, management, disposal, and consulting services that are in line with industry standards. The resulting vehicle will be a commercial Firm Fixed Price (FFP) Indefinite Delivery Indefinite Quantity (IDIQ) contract. The Cryptocurrency Managed Services Class 2-4 contract
supports the USMS in providing custody, management, and disposal services of cryptocurrency assets seized
and forfeited under the Department of Justice (DOJ) Asset Forfeiture Program (AFP), the Treasury Executive Office for Asset Forfeiture (TEOAF) components, which administers the Treasury Forfeiture Fund (TFF), and other U.S Federal
Government agencies with related law enforcement
missions.

Description of Supply or Service

The requirement will include the following:
The full range of cryptocurrency custody services by an experienced cryptocurrency custodian, as well as management and disposal services, that are in line with industry standards. This includes but is not limited to such activities as accounting, customer management, audit compliance, wallet creation and management, private encryption key generation and
management, backup, and recovery of private encryption key material.

FAR Overhaul Part 6 JOFOC for Cryptocurrency Managed Services - MIQ M-26-A44-R-000122

This action will encompass a period of performance (PoP) of 18 months.
Estimated Total Value

Vendor’s Name

Indicate Statutory Authority for
Contracting without Full and Open
Competition

The estimated value of this action is $8,128,125.00
Coinbase Inc.