Cryptocurrency brokerage service

Finnish Customs is arranging a tendering competition in order to procure services related to the brokerage of cryptocurrencies, such as Bitcoin. The cryptocurrency brokerage service means execution on behalf of a customer of a sale or purchase of cryptocurrencies on a cryptocurrency platform or market place, or as an OTC transaction. The cryptocurrency assets have or will be seized by Finnish Customs during the course of its activities, and the assets are subject to binding court orders prior to being sold. In order to sell the assets with the help of a professional broker, Finnish Customs is hereby requesting possible suitable suppliers of cryptocurrency brokerage services to send their request for participation through the link above. The main aim of Finnish Customs is to make sure the cryptocurrencies are sold in a secure way, preventing further money laundering and criminal activities. In order to accomplish this, a framework agreement will be signed with up to three suppliers. During the contract period, varying individual or annual needs will be subjected to a mini tender, which will be the basis for supplier selection regarding each need. The estimated total value of the service during the full term of the agreement is EUR 250,000 (VAT excluded), but as there may be more cryptocurrency seizures and as the value of the assets tends to change quickly, Finnish Customs expects the full total maximum value of service fees within this framework arrangement to be limited to MEUR 2 (VAT excluded) or less.

The scope of the procurement are brokerage services (including OTC) related to cryptocurrencies. As the currencies are constantly developed, the applicant is expected to be able to cover the most common currencies, such as Bitcoin, Bitcoin Gold, and Bitcoin Cash, and agree to add more currencies to their list if so mutually agreed. The term of the agreement is two (2) years, which may be followed by two (2) optional years. Applicants to the negotiations will be chosen based on their answers regarding e.g. references and quality assurance. The final and binding bid will be subjected to price and quality criteria, as well as scoring. The estimated weight of quality points is 50-80 %.