Notice of Intent to Award - SECONDARY RFP #2024-DFA-088409-2 DIGITAL FINANCIAL ASSET LAW (DFAL 1)

The Digital Financial Asset Law (DFAL), signed into law by Governor Newsom on October 13, 2023, creates a robust regulatory framework, including licensure and enforcement authority, for certain crypto activities. This law creates a comprehensive regulatory program for many crypto companies, requires DFPI to license and supervise many crypto asset-related companies that serve California residents, and provides important consumer protections for users. Furthermore, DFAL requires additional obligations for crypto kiosks operating in California.

The DFPI is seeking experienced consultants to assist in its development of comprehensive review processes and considerations for digital financial asset businesses that are requesting a license to operate in California. The experienced consultant must have knowledge and experience related to comprehensive compliance systems, blockchain technology, and information and operational security.

To assist the DFPI in developing its processes related to the recently passed Digital Financial Assets Law ("DFAL"), we are seeking consultants with expertise in blockchain technology systems, information security, and compliance to assist the department in its development of comprehensive processes to review DFAL applicants and eventual licensees.

In responding to this RFP, Proposers must describe their approach in a detailed work plan and explain what capacities and experiences uniquely set them apart to be successful in executing Digital Financial Asset Law (DFAL). The detailed work plan should include a description of how the tasks described below will be accomplished, including a proposed schedule. Proposals will be evaluated based on the narrative response to how tasks and deliverables outlined in the Scope of Work (SOW) are executed.

Please copy link below into your web browser to view solicitation documents, submit questions, and submit your response to this solicitation in our City Innovate platform.

https://sb.cityinnovate.com/teams/dfpi?challenge_id=14974

Addendum 1 has been posted. Please see event package.

Answers to Questions Posted on Cal-eProcure and City Innovate has been extended to December 12, 2024.
Final Date and Time for Proposal Submission* has been extended to December 19, 2024, by 4:00 PM PST.
Anticipated Notice of Award date has been updated to January 9, 2025.
Anticipated Contract Start Date has been updated to February 7, 2025.

he questions and answers period has now closed. The answers to all submitted questions have been posted in our City Innovate Portal. Please see link to view answers to your questions.
https://sb.cityinnovate.com/teams/dfpi?challenge_id=14974

Notice of Intent to award now posted. Please see event package attachments.