diff --git a/BTCPayServer.Client/Models/GenerateOnChainWalletRequest.cs b/BTCPayServer.Client/Models/GenerateOnChainWalletRequest.cs
index 0ae0fd22e..ce2e6da56 100644
--- a/BTCPayServer.Client/Models/GenerateOnChainWalletRequest.cs
+++ b/BTCPayServer.Client/Models/GenerateOnChainWalletRequest.cs
@@ -10,6 +10,7 @@ namespace BTCPayServer.Client
 {
     public class GenerateOnChainWalletRequest
     {
+        public string Label { get; set; }
         public int AccountNumber { get; set; } = 0;
         [JsonConverter(typeof(MnemonicJsonConverter))]
         public Mnemonic ExistingMnemonic { get; set; }
@@ -29,6 +30,7 @@ namespace BTCPayServer.Client
     {
         public class ConfigData
         {
+            public string Label { get; set; }
             public string AccountDerivation { get; set; }
             [JsonExtensionData]
             IDictionary<string, JToken> AdditionalData { get; set; }
diff --git a/BTCPayServer.Tests/GreenfieldAPITests.cs b/BTCPayServer.Tests/GreenfieldAPITests.cs
index 8c6113933..906a5271a 100644
--- a/BTCPayServer.Tests/GreenfieldAPITests.cs
+++ b/BTCPayServer.Tests/GreenfieldAPITests.cs
@@ -3158,8 +3158,8 @@ namespace BTCPayServer.Tests
 
             await client.RemoveStorePaymentMethod(store.Id, "BTC-CHAIN");
             generateResponse = await client.GenerateOnChainWallet(store.Id, "BTC",
-                new GenerateOnChainWalletRequest() { ExistingMnemonic = allMnemonic, AccountNumber = 1 });
-
+                new GenerateOnChainWalletRequest() { ExistingMnemonic = allMnemonic, AccountNumber = 1, Label = "test" });
+            Assert.Equal("test", generateResponse.Config.Label);
             Assert.Equal(generateResponse.Mnemonic.ToString(), allMnemonic.ToString());
 
             Assert.Equal(new Mnemonic("all all all all all all all all all all all all").DeriveExtKey()
diff --git a/BTCPayServer/Controllers/GreenField/GreenfieldStoreOnChainPaymentMethodsController.WalletGeneration.cs b/BTCPayServer/Controllers/GreenField/GreenfieldStoreOnChainPaymentMethodsController.WalletGeneration.cs
index f694b8b47..ecbb89a41 100644
--- a/BTCPayServer/Controllers/GreenField/GreenfieldStoreOnChainPaymentMethodsController.WalletGeneration.cs
+++ b/BTCPayServer/Controllers/GreenField/GreenfieldStoreOnChainPaymentMethodsController.WalletGeneration.cs
@@ -24,9 +24,9 @@ namespace BTCPayServer.Controllers.Greenfield
         public async Task<IActionResult> GenerateOnChainWallet(string storeId,
             [ModelBinder(typeof(PaymentMethodIdModelBinder))]
             PaymentMethodId paymentMethodId,
-            GenerateWalletRequest request)
+            GenerateOnChainWalletRequest request)
         {
-
+            request ??= new GenerateOnChainWalletRequest();
             AssertCryptoCodeWallet(paymentMethodId, out var network, out _);
 
             if (!_walletProvider.IsAvailable(network))
@@ -34,6 +34,8 @@ namespace BTCPayServer.Controllers.Greenfield
                 return this.CreateAPIError(503, "not-available",
                     $"{paymentMethodId} services are not currently available");
             }
+            if (request.Label is { Length: > 300 })
+                ModelState.AddModelError(nameof(request.Label), "Label is too long (Max 300 characters)");
 
             if (IsConfigured(paymentMethodId, out _))
             {
@@ -63,7 +65,17 @@ namespace BTCPayServer.Controllers.Greenfield
             GenerateWalletResponse response;
             try
             {
-                response = await client.GenerateWalletAsync(request);
+                response = await client.GenerateWalletAsync(new()
+                {
+                    AccountNumber = request.AccountNumber,
+                    ExistingMnemonic = request.ExistingMnemonic?.ToString(),
+                    WordList = request.WordList,
+                    WordCount = request.WordCount,
+                    ScriptPubKeyType = request.ScriptPubKeyType,
+                    Passphrase = request.Passphrase,
+                    ImportKeysToRPC = request.ImportKeysToRPC,
+                    SavePrivateKeys = request.SavePrivateKeys,
+                });
                 if (response == null)
                 {
                     return this.CreateAPIError(503, "not-available",
@@ -79,9 +91,9 @@ namespace BTCPayServer.Controllers.Greenfield
             var derivationSchemeSettings = new DerivationSchemeSettings(response.DerivationScheme, network);
 
             derivationSchemeSettings.Source =
-                string.IsNullOrEmpty(request.ExistingMnemonic) ? "NBXplorerGenerated" : "ImportedSeed";
+                request.ExistingMnemonic is null ? "NBXplorerGenerated" : "ImportedSeed";
             derivationSchemeSettings.IsHotWallet = request.SavePrivateKeys;
-
+            derivationSchemeSettings.Label = request.Label;
             var accountSettings = derivationSchemeSettings.GetSigningAccountKeySettings();
             accountSettings.AccountKeyPath = response.AccountKeyPath.KeyPath;
             accountSettings.RootFingerprint = response.AccountKeyPath.MasterFingerprint;
diff --git a/BTCPayServer/Controllers/GreenField/LocalBTCPayServerClient.cs b/BTCPayServer/Controllers/GreenField/LocalBTCPayServerClient.cs
index 6925789df..da8429bbd 100644
--- a/BTCPayServer/Controllers/GreenField/LocalBTCPayServerClient.cs
+++ b/BTCPayServer/Controllers/GreenField/LocalBTCPayServerClient.cs
@@ -937,17 +937,7 @@ namespace BTCPayServer.Controllers.Greenfield
         {
             return GetFromActionResult<GenerateOnChainWalletResponse>(
                 await GetController<GreenfieldStoreOnChainPaymentMethodsController>().GenerateOnChainWallet(storeId, Payments.PaymentMethodId.Parse(paymentMethodId),
-                    new GenerateWalletRequest()
-                    {
-                        Passphrase = request.Passphrase,
-                        AccountNumber = request.AccountNumber,
-                        ExistingMnemonic = request.ExistingMnemonic?.ToString(),
-                        WordCount = request.WordCount,
-                        WordList = request.WordList,
-                        SavePrivateKeys = request.SavePrivateKeys,
-                        ScriptPubKeyType = request.ScriptPubKeyType,
-                        ImportKeysToRPC = request.ImportKeysToRPC
-                    }));
+                    request));
         }
 
         public override async Task SendEmail(string storeId, SendEmailRequest request,
diff --git a/BTCPayServer/wwwroot/swagger/v1/swagger.template.stores-payment-methods.on-chain.json b/BTCPayServer/wwwroot/swagger/v1/swagger.template.stores-payment-methods.on-chain.json
index cf7bd179e..c881693f7 100644
--- a/BTCPayServer/wwwroot/swagger/v1/swagger.template.stores-payment-methods.on-chain.json
+++ b/BTCPayServer/wwwroot/swagger/v1/swagger.template.stores-payment-methods.on-chain.json
@@ -322,6 +322,10 @@
                 "type": "object",
                 "additionalProperties": false,
                 "properties": {
+                    "label": {
+                        "type": "string",
+                        "description": "A label that will be shown in the UI"
+                    },
                     "existingMnemonic": {
                         "$ref": "#/components/schemas/Mnemonic"
                     },