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Prior Information Notice

Pre-market Engagement Supplier Event - Thursday 25th January 2024 ONLINE EVENT ONLY — Digital Asset Custody & Realisation (Exchange) Services

  • First published: 20 December 2023
  • Last modified: 20 December 2023

The buyer is not using this website to administer the notice.

To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

Contents

Summary

OCID:
ocds-h6vhtk-042683
Published by:
Home Office
Authority ID:
AA76013
Publication date:
20 December 2023
Deadline date:
-
Notice type:
Prior Information Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

The Home Office is considering options for the future storage and realisation of digital assets. The Home Office is looking to understand what services are currently available in the market that provide an institutional level of secure storage through to realisation.

The Home Office is looking to engage the market to gain further information only at this time. The information provided will help the Home Office to consider and shape a future market engagement strategy and service requirements. The current service covers the secure storage and exchange of crypto assets.

Home Office is looking to assess the market capability in relation to the provision of (please note this is not an exhaustive list):

1. End to end secure digital assets custody

2. Warm and cold storage capability

3. Secure exchange services (asset realisation)

4. Service scalability – excess of £750m

5. Indemnity

6. Digital asset coverage including NFTs

7. the technology used to deliver these services.

8. MFA (Multi Factor Authentication/Authorisation)

9. Asset security SSL (end to end security measures) / ISO 27001

10. Web based interface and mobile device compatibility

The Home Office is seeking to understand the provision of full end to end service (Custody and Exchange that can be provided as well as all digital assets that can be covered (now and future) including NFTs.

The Home Office is considering options for the future storage and realisation of digital assets. The Home Office is looking to understand what services are currently available in the market that provide an institutional level of secure storage through to realisation. The Home Office is looking to engage the market to gain further information only at this time. The information provided will help the Home Office to consider and shape a future market engagement strategy and service requirements. The current service covers the secure storage and exchange of crypto assets.

Full notice text

Prior information notice

This notice is for prior information only

Section I: Contracting authority

I.1) Name and addresses

Home Office

Secretary of State for the Home Department 4th Floor Peel Building, 2 Marsham Street

London

SW1P 4LD

UK

Contact person: Rachel Hunter

E-mail: CryptoSupplierMailbox@homeoffice.gov.uk

NUTS: UK

Internet address(es)

Main address: https://www.gov.uk/government/organisations/home-office

I.3) Communication

Additional information can be obtained from the abovementioned address


I.4) Type of the contracting authority

Ministry or any other national or federal authority, including their regional or local subdivisions

I.5) Main activity

Public order and safety

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

Pre-market Engagement Supplier Event - Thursday 25th January 2024 ONLINE EVENT ONLY — Digital Asset Custody & Realisation (Exchange) Services

Reference number: C25865

II.1.2) Main CPV code

66162000

 

II.1.3) Type of contract

Services

II.1.4) Short description

On Thursday 25 January 2024 from 10.00 - 11.30, techUK is delighted to be hosting the Home Office for a virtual (online) market engagement event.

The purpose of the event is to give suppliers the opportunity to engage with the HO and its partners to help build its knowledge and understanding of the Digital Asset Custody and Realisation Services market landscape and help inform its future market engagement and planning.

To engage in this process suppliers are required to register their interest (without commitment) by providing their details, in order to receive joining instructions and participate in the event.

The Home Office working in collaboration with the National Police Chiefs Council, and the City of London Police (Authority’s Group) is seeking to engage with the Digital asset Custody, Exchange and Technology Services Market to help build its understanding of the level of market capability and capacity.

Pre-Market Engagement will be used to build knowledge of the national provider landscape in readiness for future commissions, anticipated in the next financial year, commencing April 2024.

Should you have any questions which relate to the event itself, please make contact via this email address: CryptoSupplierMailbox@homeoffice.gov.uk

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

IMPORTANT: Please copy and paste this link into your browser to register your wish to participate in the supplier online event:

https://www.techuk.org/what-we-deliver/events/digital-asset-custody-industry-briefing.html

Any further questions regarding the agenda/topics can only be addressed if you are registered to attend, you will be able to pose a question once your invitation has been confirmed back to you via our Joining Instruction details, where a Sli.do app code will be shared with you.

We look forward to welcoming you to the event, please go ahead and book.

II.1.6) Information about lots

This contract is divided into lots: No

II.2) Description

II.2.2) Additional CPV code(s)

66162000

II.2.3) Place of performance

NUTS code:

UK


Main site or place of performance:

Secretary of State for the Home Department 4th Floor Peel Building, 2 Marsham Street

Town: London

NUTS code: UK UNITED KINGDOM

Postal code: SW1P 4LD

II.2.4) Description of the procurement

The Home Office is considering options for the future storage and realisation of digital assets. The Home Office is looking to understand what services are currently available in the market that provide an institutional level of secure storage through to realisation.

The Home Office is looking to engage the market to gain further information only at this time. The information provided will help the Home Office to consider and shape a future market engagement strategy and service requirements. The current service covers the secure storage and exchange of crypto assets.

Home Office is looking to assess the market capability in relation to the provision of (please note this is not an exhaustive list):

1. End to end secure digital assets custody

2. Warm and cold storage capability

3. Secure exchange services (asset realisation)

4. Service scalability – excess of £750m

5. Indemnity

6. Digital asset coverage including NFTs

7. the technology used to deliver these services.

8. MFA (Multi Factor Authentication/Authorisation)

9. Asset security SSL (end to end security measures) / ISO 27001

10. Web based interface and mobile device compatibility

The Home Office is seeking to understand the provision of full end to end service (Custody and Exchange that can be provided as well as all digital assets that can be covered (now and future) including NFTs.

The Home Office is considering options for the future storage and realisation of digital assets. The Home Office is looking to understand what services are currently available in the market that provide an institutional level of secure storage through to realisation. The Home Office is looking to engage the market to gain further information only at this time. The information provided will help the Home Office to consider and shape a future market engagement strategy and service requirements. The current service covers the secure storage and exchange of crypto assets.

II.2.14) Additional information

Contract Value:

Commission based, with rate subject to engagement with suppliers. Consideration would also be given to a fixed annual fee, again subject to supplier engagement.

Suppliers should note that any specified total contract values (TCV) are the authority’s best estimates. The value and contract term for this potential requirement will be informed by this Market Engagement activity.

II.3) Estimated date of publication of contract notice:

15/07/2024

Section IV: Procedure

IV.1) Description

IV.1.8) Information about Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

Section VI: Complementary information

VI.3) Additional information

Please note, the Authority (the Home Office) plans to host supplier engagement events and market sounding meetings to further develop its understanding and to test the requirements and routes/approaches with this work informing work on a Delivery Model Assessment.

This PIN does not formally signify the beginning of any procurement exercise by the authority, nor does it constitute a commitment by the authority to undertake a procurement.

However, in the event that the authority decides to formally commence a procurement pursuant to this PIN, a separate contract notice will be published. If a separate contract notice is published the authority will rely on the publication of this notice to utilise the minimum time-frames permissible for the receipt of tenders and stages of a procurement.

VI.5) Date of dispatch of this notice

18/12/2023

Coding

Commodity categories

ID Title Parent category
66162000 Custody services Trust and custody services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
CryptoSupplierMailbox@homeoffice.gov.uk
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

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