diff --git a/CHANGELOG.md b/CHANGELOG.md
index c5eabbef..907337fb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # CHANGELOG
 
+## master
+
+Changes:
+
+- Cater for Ethereum-compatible multisig addresses
+
+
 ## 3.1.1 Mar 19, 2023
 
 Changes:
diff --git a/packages/ui-keyring/src/Base.ts b/packages/ui-keyring/src/Base.ts
index fb6611ff..44348371 100644
--- a/packages/ui-keyring/src/Base.ts
+++ b/packages/ui-keyring/src/Base.ts
@@ -22,6 +22,8 @@ export class Base {
 
   #contracts: AddressSubject;
 
+  #isEthereum: boolean;
+
   #keyring?: KeyringInstance;
 
   protected _store: KeyringStore;
@@ -34,6 +36,7 @@ export class Base {
     this.#accounts = accounts;
     this.#addresses = addresses;
     this.#contracts = contracts;
+    this.#isEthereum = false;
     this._store = new BrowserStore();
   }
 
@@ -49,6 +52,10 @@ export class Base {
     return this.#contracts;
   }
 
+  public get isEthereum (): boolean {
+    return this.#isEthereum;
+  }
+
   public get keyring (): KeyringInstance {
     if (this.#keyring) {
       return this.#keyring;
@@ -117,6 +124,9 @@ export class Base {
       this.setDevMode(options.isDevelopment);
     }
 
+    // set Ethereum state
+    this.#isEthereum = keyring.type === 'ethereum';
+
     this.#keyring = keyring;
     this._genesisHash = options.genesisHash && (
       isString(options.genesisHash)
diff --git a/packages/ui-keyring/src/Keyring.ts b/packages/ui-keyring/src/Keyring.ts
index aa137338..ad934136 100644
--- a/packages/ui-keyring/src/Keyring.ts
+++ b/packages/ui-keyring/src/Keyring.ts
@@ -46,10 +46,20 @@ export class Keyring extends Base implements KeyringStruct {
   }
 
   public addMultisig (addresses: (string | Uint8Array)[], threshold: bigint | BN | number, meta: KeyringPair$Meta = {}): CreateResult {
-    const address = createKeyMulti(addresses, threshold);
+    let address = createKeyMulti(addresses, threshold);
+
+    // For Ethereum chains, the first 20 bytes of the hash indicates the actual address
+    // Testcases via creation and on-chain events:
+    // -  input: 0x7a1671a0224c8927b08f978027d586ab6868de0d31bb5bc956b625ced2ab18c4
+    // - output: 0x7a1671a0224c8927b08f978027d586ab6868de0d
+    if (this.isEthereum) {
+      address = address.slice(0, 20);
+    }
 
     // we could use `sortAddresses`, but rather use internal encode/decode so we are 100%
-    const who = u8aSorted(addresses.map((who) => this.decodeAddress(who))).map((who) => this.encodeAddress(who));
+    const who = u8aSorted(
+      addresses.map((who) => this.decodeAddress(who))
+    ).map((who) => this.encodeAddress(who));
 
     return this.addExternal(address, objectSpread<KeyringPair$Meta>({}, meta, { isMultisig: true, threshold: bnToBn(threshold).toNumber(), who }));
   }