Award

Blockchain track and trace software licences renewal

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

03 Jul 2025 at 08:00

Summary of the contracting process

The Financial Conduct Authority has completed the procurement process for renewing its blockchain track and trace software licences, specifically aimed at monitoring the Cryptoasset markets. The contract was awarded to TRM Labs through a call-off from a framework agreement, under the selective procurement method. This financial analysis software package falls within the services category, with the contractual agreement running from April 1, 2025, to March 31, 2026. This award phase was concluded on 1st April 2025, and the entire activity operates within London, United Kingdom. The contract, valued at £36,000, highlights the Financial Conduct Authority as the buying organisation, delivering financial technology solutions to enhance market surveillance capabilities.

This tender presents significant growth opportunities for businesses involved in financial technology and analytics, particularly those specialising in blockchain and Cryptoasset markets. Companies capable of providing advanced track and trace solutions, particularly those with prior experience in scalable financial analysis software, would be well-positioned to compete in similar future opportunities. The use of a framework agreement suggests an ongoing need for specialised technology services by public sector entities, offering a stable environment for business engagement and potential long-term partnerships. Despite being unsuitable for SMEs and VCSEs in this case, larger firms with robust service offerings in this niche market area stand to benefit the most.

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Notice Title

Blockchain track and trace software licences renewal

Notice Description

The provision of a Blockchain analysis tool to allow the FCA to continue its monitoring of the Cryptoasset markets. Awarded via G-Cloud

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1051d8a2-1897-409f-8e62-af53494f16e3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/21d02c61-0080-42d5-9611-e5f1b28189c4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48441000 - Financial analysis software package

Notice Value(s)

Tender Value
£36,000 Under £100K
Lots Value
Not specified
Awards Value
£36,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jul 20257 months ago
Submission Deadline
20 Mar 2025Expired
Future Notice Date
Not specified
Award Date
31 Mar 202510 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

TRM LABS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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