Award

Cryptoasset Investigation Services

H M REVENUE & CUSTOMS

This public procurement record has 5 releases in its history.

AwardUpdate

12 Mar 2025 at 14:49

AwardUpdate

12 Mar 2025 at 13:54

AwardUpdate

12 Mar 2025 at 13:29

AwardUpdate

11 Sep 2024 at 10:11

Award

02 Sep 2024 at 10:41

Summary of the contracting process

H M Revenue & Customs (HMRC) has concluded the procurement process for "Cryptoasset Investigation Services" to support key business areas in tracking and tracing cryptocurrency transactions related to high-value fraud, tax evasion, money laundering, and recovery investigations. The contract, awarded under an open procedure above the threshold, was completed with Chainalysis UK Limited, a large-scale supplier. The procurement spans the analytical or scientific software package, software supply services, and investigation and security services categories. The contract period begins on 25 March 2024 and ends on 1 April 2025, with a total contract value of £1,029,336 GBP. The procurement was open to small and medium-sized enterprises (SMEs) as well.

This tender presents significant growth opportunities for businesses specializing in software development, particularly those adept in forensic and data analytics technologies. Companies that focus on providing investigation and security services, especially in the financial technology sector, will find this contract particularly rewarding. The emphasis on tracking cryptocurrency transactions showcases the increasing demand for sophisticated software solutions capable of addressing modern challenges in financial fraud and compliance. SMEs with innovative solutions in these industries will find this procurement a potential avenue to expand their market reach and contribute to crucial government operations.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Cryptoasset Investigation Services

Notice Description

This product is used to support several key business areas, the tool enables HMRC to track and trace Cryptocurrency transactions of relevance to high value fraud, tax evasion, money-laundering and recovery investigations.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-db6ac8fd-8bd5-4d9e-9b74-896cf26633ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/19a28e62-ada7-4819-a342-d380910eec6f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

48461000 - Analytical or scientific software package

72268000 - Software supply services

79700000 - Investigation and security services

Notice Value(s)

Tender Value
£1,029,336 £1M-£10M
Lots Value
Not specified
Awards Value
£955,300 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 202511 months ago
Submission Deadline
17 Nov 2023Expired
Future Notice Date
Not specified
Award Date
21 Mar 20241 years ago
Contract Period
25 Mar 2024 - 1 Apr 2025 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
H M REVENUE & CUSTOMS
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
SS99 1AA
Post Town
Southend-on-Sea
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH31 Southend-on-Sea
Delivery Location
Not specified

Local Authority
Southend-on-Sea
Electoral Ward
Victoria
Westminster Constituency
Southend East and Rochford

Supplier Information

Number of Suppliers
1
Supplier Name

CHAINALYSIS

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-db6ac8fd-8bd5-4d9e-9b74-896cf26633ab-2025-03-12T14:49:13Z",
    "date": "2025-03-12T14:49:13Z",
    "ocid": "ocds-b5fd17-db6ac8fd-8bd5-4d9e-9b74-896cf26633ab",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CW93157",
        "title": "Cryptoasset Investigation Services",
        "description": "This product is used to support several key business areas, the tool enables HMRC to track and trace Cryptocurrency transactions of relevance to high value fraud, tax evasion, money-laundering and recovery investigations.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "48461000",
            "description": "Analytical or scientific software package"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "72268000",
                "description": "Software supply services"
            },
            {
                "scheme": "CPV",
                "id": "79700000",
                "description": "Investigation and security services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 1029336,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2023-11-17T14:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2024-03-25T00:00:00Z",
            "endDate": "2025-04-01T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "minValue": {
            "amount": 955300,
            "currency": "GBP"
        }
    },
    "parties": [
        {
            "id": "GB-GOR-D25",
            "name": "H M REVENUE & CUSTOMS",
            "identifier": {
                "legalName": "H M REVENUE & CUSTOMS",
                "scheme": "GB-GOR",
                "id": "D25"
            },
            "address": {
                "streetAddress": "100 PARLIAMENT STREET",
                "locality": "LONDON",
                "postalCode": "SS991AA",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "James Power",
                "email": "james.power1@hmrc.gov.uk",
                "telephone": "03000543788"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-11434241",
            "name": "Chainalysis UK Limited",
            "identifier": {
                "legalName": "Chainalysis UK Limited",
                "scheme": "GB-COH",
                "id": "11434241"
            },
            "address": {
                "streetAddress": "Second Floor, 77 Kingsway, London WC2B 6SR"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-GOR-D25",
        "name": "H M REVENUE & CUSTOMS"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-db6ac8fd-8bd5-4d9e-9b74-896cf26633ab-1",
            "status": "active",
            "date": "2024-03-21T00:00:00Z",
            "datePublished": "2024-09-02T11:41:24+01:00",
            "value": {
                "amount": 955300,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-11434241",
                    "name": "Chainalysis UK Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-03-25T00:00:00Z",
                "endDate": "2025-04-01T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/19a28e62-ada7-4819-a342-d380910eec6f",
                    "datePublished": "2024-09-02T11:41:24+01:00",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2025-03-12T14:49:13Z"
                },
                {
                    "id": "2",
                    "documentType": "contractDraft",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/7eb4435f-7ed3-4fb1-94e3-b27bc642c498",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}