diff --git a/packages/wallet/CHANGELOG.md b/packages/wallet/CHANGELOG.md
index c26c00fe90..71a27f1284 100644
--- a/packages/wallet/CHANGELOG.md
+++ b/packages/wallet/CHANGELOG.md
@@ -17,5 +17,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
   - Overrides the `fetch` implementation used by `NetworkController`'s RPC service. Defaults to `globalThis.fetch`. Allows platform-specific fetch implementations (e.g. React Native) to be injected.
 - Add optional `logger` field to `WalletOptions` ([#XXXX](https://github.com/MetaMask/core/pull/XXXX))
   - When provided, emits an `info`-level log after each controller finishes initializing: `[wallet] ${ControllerName}: initialized`. Defaults to no-op (no output). Pass `console` during development to observe initialization order.
+- Accept optional `initializationConfigurations` in the `Wallet` constructor ([#XXXX](https://github.com/MetaMask/core/pull/XXXX))
+  - Allows callers to override or extend the default set of controller configurations.
 
 [Unreleased]: https://github.com/MetaMask/core/
diff --git a/packages/wallet/src/Wallet.test.ts b/packages/wallet/src/Wallet.test.ts
index d5a8b2201a..b5af3b1602 100644
--- a/packages/wallet/src/Wallet.test.ts
+++ b/packages/wallet/src/Wallet.test.ts
@@ -210,6 +210,27 @@ describe('Wallet', () => {
       expect(Object.keys(wallet.state)).toStrictEqual(['WithMeta', 'NoMeta']);
     });
 
+    it('initializes additional controllers passed via initializationConfigurations', () => {
+      const customInit = jest
+        .fn()
+        .mockReturnValue({ instance: {} as never });
+      const customMessenger = jest.fn().mockReturnValue({} as never);
+
+      wallet = new Wallet({
+        ...options,
+        initializationConfigurations: [
+          {
+            name: 'CustomController',
+            init: customInit,
+            messenger: customMessenger,
+          },
+        ],
+      });
+
+      expect(customInit).toHaveBeenCalledTimes(1);
+      expect(customMessenger).toHaveBeenCalledTimes(1);
+    });
+
     it('publishes Wallet:destroyed exactly once on destroy', async () => {
       wallet = new Wallet(options);
 
diff --git a/packages/wallet/src/Wallet.ts b/packages/wallet/src/Wallet.ts
index da3b2d7d3d..b5e6f39786 100644
--- a/packages/wallet/src/Wallet.ts
+++ b/packages/wallet/src/Wallet.ts
@@ -10,9 +10,12 @@ import type {
   RootMessenger,
 } from './initialization';
 import { initialize } from './initialization';
+import type { InitializationConfiguration } from './initialization/types';
 import type { WalletOptions } from './types';
 
 export class Wallet {
+  // messenger is typed against the default controller set. Action/event types for
+  // any additional configurations passed to the constructor are not reflected here.
   public readonly messenger: RootMessenger<DefaultActions, DefaultEvents>;
 
   readonly #instances: DefaultInstances;
@@ -23,7 +26,13 @@ export class Wallet {
 
   #destroyed = false;
 
-  constructor({ state, ...options }: WalletOptions) {
+  constructor({
+    state,
+    initializationConfigurations,
+    ...options
+  }: WalletOptions & {
+    initializationConfigurations?: InitializationConfiguration<unknown, unknown>[];
+  }) {
     this.messenger = new Messenger({
       namespace: 'Wallet',
     });
@@ -31,6 +40,7 @@ export class Wallet {
     this.#instances = initialize({
       state: state ?? {},
       messenger: this.messenger,
+      initializationConfigurations,
       options,
     });
 
diff --git a/packages/wallet/src/initialization/initialization.ts b/packages/wallet/src/initialization/initialization.ts
index 49b4e7b37c..073bd88b46 100644
--- a/packages/wallet/src/initialization/initialization.ts
+++ b/packages/wallet/src/initialization/initialization.ts
@@ -8,17 +8,32 @@ import type { InitializationConfiguration } from './types';
 export type InitializeArgs = {
   state: Record<string, Json>;
   messenger: RootMessenger;
+  initializationConfigurations?: InitializationConfiguration<
+    unknown,
+    unknown
+  >[];
   options: WalletOptions;
 };
 
 export function initialize({
   state,
   messenger,
+  initializationConfigurations = [],
   options,
 }: InitializeArgs): DefaultInstances {
+  const overriddenConfiguration = initializationConfigurations.map(
+    (config) => config.name,
+  );
+
+  const configurationEntries = initializationConfigurations.concat(
+    Object.values(defaultConfigurations).filter(
+      (config) => !overriddenConfiguration.includes(config.name),
+    ),
+  );
+
   const instances: Record<string, unknown> = {};
 
-  for (const config of Object.values(defaultConfigurations) as InitializationConfiguration<unknown, unknown>[]) {
+  for (const config of configurationEntries) {
     const { name } = config;
 
     const instanceState = state[name];