RFP Virtual Currency Blockchain Analytics Tool

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Title:  

RFP Virtual Currency Blockchain Analytics Tool

Agency:  

NYS Dept. of Financial Services

State:  

New York

NAICS Code:  

511210

Industry:  

Information Technology and Software Development

Solicitation Type:  

Request for Proposal

Solicitation ID:  

C000625

Open Date:  

5/27/2025

Questions Due Date:  

6/10/2025

Close Date:  

8/6/2025

Project Duration:  

5 years

Last Updated:  

Description:
The New York State Department of Financial Services is seeking a blockchain analytics tool provider that uses clustering methodology to attribute and label wallet address ownership to a legal entity or services. The selected provider will be expected to deliver a tool that can analyze virtual currency transactions and provide intelligence-based insights. The contract term is 5 years, and the proposal due date is July 1, 2025. Key features of the opportunity include: • The tool must use clustering methodology to attribute and label wallet address ownership • The tool must be able to analyze virtual currency transactions • The contract term is 5 years • The proposal due date is July 1, 2025 • Questions regarding the RFP must be submitted by June 10, 2025
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Lisa Mclea(Contract Management Specialist 2)

Lisa.McLea@dfs.ny.gov

(518) 486-1806

Budget Estimate (AI):

$2,500,000 – $25,000,000

The budget for this opportunity can be estimated based on the contract term and the complexity of the blockchain analytics tool. Assuming a moderate to high level of complexity, the budget could range from $500,000 to $5 million per year, depending on the scope of work and the provider's expertise. Over the 5-year contract term, the total budget could be between $2.5 million and $25 million. Factors that may influence the likely payment range include the number of users, the frequency of transactions, and the level of customization required.

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