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15M50024DA4400010

Indefinite Delivery Contract

Overview

Government Description
Afd: cryptocurrency managed services - class 1. Supports the management and disposal of large quantities of class 1 cryptocurrency assets remanded to usms custody pursuant to 28 cfr SEC. 0.111. Includes providing qualified personnel such as a project manager, security officer, and compliance officer to manage, store, and liquidate cryptocurrency assets using industry-leading techniques in compliance with all applicable laws and usms policies, while streamlining custody and management processes and enabling diversification of managed assets.
Awardee
Awarding / Funding Agency
Pricing
Fixed Price
Set Aside
None
Extent Competed
Full And Open Competition
Multiple / Single Award
Single Award
Who Can Use
Single Agency
Vehicle Ceiling
$32,522,694 (35% Used)
Analysis Notes
Place of Performance Largest percentage of work under issued task orders completed at: New York, New York 10001 United States.
Amendment Since initial award the Ordering Period End Date was extended from 12/31/29 to 12/23/30.
Coinbase was awarded Indefinite Delivery Contract 15M50024DA4400010 (15M500-24-D-A4400010) by USMS Asset Forfeiture for AFD: Cryptocurrency Managed Services - Class 1 in June 2024. The IDC has a duration of 6 years 5 months and was awarded through solicitation Cryptocurrency Managed Services - Class 1 full & open with NAICS 523160 and PSC R499 via direct negotiation acquisition procedures with 2 bids received. To date, $13,395,027 has been obligated through this vehicle. The total ceiling is $32,522,694, of which 35% has been used. As of today, the IDC has a total reported backlog of $2,000,000 and funded backlog of $2,000,000.

Status
(Open)

Modified 6/10/26
Period of Performance
6/30/24
Start Date
12/23/30
Ordering Period End Date
30.0% Complete

Task Order Obligations and Backlog
$11.4M
Total Obligated
$13.4M
Current Award
$13.4M
Potential Award
85% Funded
$2.0M
Funded Backlog
$2.0M
Total Backlog

Award Hierarchy

Indefinite Delivery Contract

15M50024DA4400010

Contracts

-

Subcontracts

-

Federal Award Analysis

Historical federal task order obligations under 15M50024DA4400010

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Contracts

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Subcontracts

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Grants

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Subgrants

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Total

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Contract Awards

Prime task orders awarded under 15M50024DA4400010

Subcontract Awards

Disclosed subcontracts for 15M50024DA4400010

Opportunity Lifecycle

Procurement history for 15M50024DA4400010

Transaction History

Modifications to 15M50024DA4400010

People

Suggested agency contacts for 15M50024DA4400010

Competition

Number of Bidders
2
Solicitation Procedures
Negotiated Proposal/Quote
Evaluated Preference
None
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
No

Other Categorizations

Subcontracting Plan
Plan Not Included (No Subcontracting Possibilities)
Cost Accounting Standards
Exempt
Business Size Determination
Large Business
Awardee UEI
CCKXXH3LHEE9
Awardee CAGE
8K8U7
Agency Detail
Awarding Office
15M500 U.S. DEPT OF JUSTICE, USMS
Funding Office
15M500 U.S. DEPT OF JUSTICE, USMS
Created By
ecyork
Last Modified By
ecyork
Approved By
ecyork

Legislative

Legislative Mandates
None Applicable
Awardee District
NY-12
Senators
Kirsten Gillibrand
Charles Schumer
Representative
Jerrold Nadler
Last Modified: 6/10/26