diff --git a/modules/utxo-bin/src/commands.ts b/modules/utxo-bin/src/commands.ts
index 306f664d04..0e3f82341f 100644
--- a/modules/utxo-bin/src/commands.ts
+++ b/modules/utxo-bin/src/commands.ts
@@ -333,8 +333,11 @@ export const cmdGenerateAddress = {
     return b
       .option('network', { alias: 'n', type: 'string' })
       .option('userKey', { type: 'string', demandOption: true })
+      .option('userKeyPrefix', { type: 'string', default: '0/0' })
       .option('backupKey', { type: 'string', demandOption: true })
+      .option('backupKeyPrefix', { type: 'string', default: '0/0' })
       .option('bitgoKey', { type: 'string', demandOption: true })
+      .option('bitgoKeyPrefix', { type: 'string', default: '0/0' })
       .option('format', {
         type: 'string',
         default: '%p0\t%a',
diff --git a/modules/utxo-bin/src/generateAddress.ts b/modules/utxo-bin/src/generateAddress.ts
index 48f73e55bb..f7de37bc7a 100644
--- a/modules/utxo-bin/src/generateAddress.ts
+++ b/modules/utxo-bin/src/generateAddress.ts
@@ -111,15 +111,22 @@ export function parseIndexRange(ranges: string[]): number[] {
 export function* generateAddress(argv: {
   network?: utxolib.Network;
   userKey: string;
+  userKeyPrefix?: string;
   backupKey: string;
+  backupKeyPrefix?: string;
   bitgoKey: string;
+  bitgoKeyPrefix?: string;
   chain?: number[];
   format: string;
   index: number[];
 }): Generator<AddressProperties> {
   const xpubs = [argv.userKey, argv.backupKey, argv.bitgoKey].map((k) => utxolib.bip32.fromBase58(k));
   assert(utxolib.bitgo.isTriple(xpubs));
-  const rootXpubs = new utxolib.bitgo.RootWalletKeys(xpubs);
+  const rootXpubs = new utxolib.bitgo.RootWalletKeys(xpubs, [
+    argv.userKeyPrefix ?? utxolib.bitgo.RootWalletKeys.defaultPrefix,
+    argv.backupKeyPrefix ?? utxolib.bitgo.RootWalletKeys.defaultPrefix,
+    argv.bitgoKeyPrefix ?? utxolib.bitgo.RootWalletKeys.defaultPrefix,
+  ]);
   const chains = argv.chain ?? getDefaultChainCodes();
   for (const i of argv.index) {
     for (const chain of chains) {