TTSTC seeks information to help determine the best industry practices and solutions for a governmentsponsored institutional bitcoin and cryptocurrency reserve by requesting responses to the following questions: 1. Company Background a. Please provide a summary of your company’s background, including the year and state or location of incorporation, and the locations of headquarters, offices, and employees. b. Does your company have offices or employees in the State of Texas? If not, is your company considering expanding its operations to the State of Texas in the future? If your firm subcontracts for cryptocurrency custody services, is that firm located in Texas? Please provide the location of the servers that could be utilized in connection with the Reserve. c. Does your company have offices or employees located in countries of concern as defined in Section 2270.001(2-b) of the Texas Government Code (North Korea, China (including Hong Kong), Russia, or Iran)? Is your company owned (majority) or controlled by a citizen of a country of concern? d. Please describe the number of years and types of experience your company has in connection with the investment, custody, and/or exchange of bitcoin and cryptocurrency, including whether your company uses subcontractors in the custody and/or exchange of bitcoin and cryptocurrency. 2. Plan for Reserve a. Please recommend a general plan of operation for the country’s first Strategic Bitcoin Reserve, including a summary of how the State of Texas should securely acquire, hold, and manage digital assets. Please include a discussion on how your firm will ensure Bitcoin and cryptocurrency assets are securely held in the name of the State of Texas and will not be commingled with other client assets. Please include a discussion of economic and technical risks (and benefits) related to the establishment of the Reserve...
