diff --git a/packages/sdk/src/address.spec.ts b/packages/sdk/src/address.spec.ts
index 7c73ebaa..80df0b7a 100644
--- a/packages/sdk/src/address.spec.ts
+++ b/packages/sdk/src/address.spec.ts
@@ -1,21 +1,10 @@
 import { Encoding } from "@iov/encoding";
 
-import { decodeBech32Pubkey, encodeAddress, isValidAddress } from "./address";
+import { encodeAddress, isValidAddress } from "./address";
 
 const { toBase64, fromHex } = Encoding;
 
 describe("address", () => {
-  describe("decodeBech32Pubkey", () => {
-    it("works", () => {
-      expect(
-        decodeBech32Pubkey("cosmospub1addwnpepqd8sgxq7aw348ydctp3n5ajufgxp395hksxjzc6565yfp56scupfqhlgyg5"),
-      ).toEqual({
-        type: "tendermint/PubKeySecp256k1",
-        value: "A08EGB7ro1ORuFhjOnZcSgwYlpe0DSFjVNUIkNNQxwKQ",
-      });
-    });
-  });
-
   describe("isValidAddress", () => {
     it("accepts valid addresses", () => {
       expect(isValidAddress("cosmos1pkptre7fdkl6gfrzlesjjvhxhlc3r4gmmk8rs6")).toEqual(true);
diff --git a/packages/sdk/src/address.ts b/packages/sdk/src/address.ts
index 9f553d5c..85df61c5 100644
--- a/packages/sdk/src/address.ts
+++ b/packages/sdk/src/address.ts
@@ -1,10 +1,9 @@
 import { Ripemd160, Sha256 } from "@iov/crypto";
 import { Bech32, Encoding } from "@iov/encoding";
-import equal from "fast-deep-equal";
 
-import { Bech32PubKey, PubKey, pubkeyType } from "./types";
+import { PubKey, pubkeyType } from "./types";
 
-const { fromBase64, toBase64 } = Encoding;
+const { fromBase64 } = Encoding;
 
 // TODO: make this much more configurable
 export type CosmosAddressBech32Prefix = "cosmos" | "cosmosvalcons" | "cosmosvaloper";
@@ -15,55 +14,6 @@ function isCosmosAddressBech32Prefix(prefix: string): prefix is CosmosAddressBec
   return ["cosmos", "cosmosvalcons", "cosmosvaloper"].includes(prefix);
 }
 
-function isCosmosPubkeyBech32Prefix(prefix: string): prefix is CosmosPubkeyBech32Prefix {
-  return ["cosmospub", "cosmosvalconspub", "cosmosvaloperpub"].includes(prefix);
-}
-
-// As discussed in https://github.com/binance-chain/javascript-sdk/issues/163
-// Prefixes listed here: https://github.com/tendermint/tendermint/blob/d419fffe18531317c28c29a292ad7d253f6cafdf/docs/spec/blockchain/encoding.md#public-key-cryptography
-// Last bytes is varint-encoded length prefix
-const pubkeyAminoPrefixSecp256k1 = Encoding.fromHex("eb5ae98721");
-const pubkeyAminoPrefixEd25519 = Encoding.fromHex("1624de6420");
-const pubkeyAminoPrefixSr25519 = Encoding.fromHex("0dfb1005");
-const pubkeyAminoPrefixLength = pubkeyAminoPrefixSecp256k1.length;
-
-export function decodeBech32Pubkey(bech: Bech32PubKey): PubKey {
-  const { prefix, data } = Bech32.decode(bech);
-  if (!isCosmosPubkeyBech32Prefix(prefix)) {
-    throw new Error(`Invalid bech32 prefix. Must be one of cosmos, cosmosvalcons, or cosmosvaloper.`);
-  }
-
-  const aminoPrefix = data.slice(0, pubkeyAminoPrefixLength);
-  const rest = data.slice(pubkeyAminoPrefixLength);
-  if (equal(aminoPrefix, pubkeyAminoPrefixSecp256k1)) {
-    if (rest.length !== 33) {
-      throw new Error("Invalid rest data length. Expected 33 bytes (compressed secp256k1 pubkey).");
-    }
-    return {
-      type: pubkeyType.secp256k1,
-      value: toBase64(rest),
-    };
-  } else if (equal(aminoPrefix, pubkeyAminoPrefixEd25519)) {
-    if (rest.length !== 32) {
-      throw new Error("Invalid rest data length. Expected 32 bytes (Ed25519 pubkey).");
-    }
-    return {
-      type: pubkeyType.ed25519,
-      value: toBase64(rest),
-    };
-  } else if (equal(aminoPrefix, pubkeyAminoPrefixSr25519)) {
-    if (rest.length !== 32) {
-      throw new Error("Invalid rest data length. Expected 32 bytes (Sr25519 pubkey).");
-    }
-    return {
-      type: pubkeyType.sr25519,
-      value: toBase64(rest),
-    };
-  } else {
-    throw new Error("Unsupported Pubkey type. Amino prefix: " + Encoding.toHex(aminoPrefix));
-  }
-}
-
 export function isValidAddress(address: string): boolean {
   try {
     const { prefix, data } = Bech32.decode(address);
diff --git a/packages/sdk/src/index.ts b/packages/sdk/src/index.ts
index 1908af35..cbe754e4 100644
--- a/packages/sdk/src/index.ts
+++ b/packages/sdk/src/index.ts
@@ -2,9 +2,9 @@ import * as logs from "./logs";
 import * as types from "./types";
 export { logs, types };
 
-export { CosmosBech32Prefix, decodeBech32Pubkey, encodeAddress, isValidAddress } from "./address";
+export { CosmosBech32Prefix, encodeAddress, isValidAddress } from "./address";
 export { unmarshalTx } from "./decoding";
 export { encodeSecp256k1Signature, makeSignBytes, marshalTx } from "./encoding";
 export { RestClient, TxsResponse } from "./restclient";
 export { makeCosmoshubPath, Pen, PrehashType, Secp256k1Pen } from "./pen";
-export { encodeSecp256k1Pubkey } from "./pubkey";
+export { decodeBech32Pubkey, encodeSecp256k1Pubkey } from "./pubkey";
diff --git a/packages/sdk/src/pubkey.spec.ts b/packages/sdk/src/pubkey.spec.ts
index 0b700496..2f0c6209 100644
--- a/packages/sdk/src/pubkey.spec.ts
+++ b/packages/sdk/src/pubkey.spec.ts
@@ -1,6 +1,6 @@
 import { Encoding } from "@iov/encoding";
 
-import { encodeSecp256k1Pubkey } from "./pubkey";
+import { decodeBech32Pubkey, encodeSecp256k1Pubkey } from "./pubkey";
 
 const { fromBase64 } = Encoding;
 
@@ -24,4 +24,15 @@ describe("pubkey", () => {
       });
     });
   });
+
+  describe("decodeBech32Pubkey", () => {
+    it("works", () => {
+      expect(
+        decodeBech32Pubkey("cosmospub1addwnpepqd8sgxq7aw348ydctp3n5ajufgxp395hksxjzc6565yfp56scupfqhlgyg5"),
+      ).toEqual({
+        type: "tendermint/PubKeySecp256k1",
+        value: "A08EGB7ro1ORuFhjOnZcSgwYlpe0DSFjVNUIkNNQxwKQ",
+      });
+    });
+  });
 });
diff --git a/packages/sdk/src/pubkey.ts b/packages/sdk/src/pubkey.ts
index 73b10695..23552860 100644
--- a/packages/sdk/src/pubkey.ts
+++ b/packages/sdk/src/pubkey.ts
@@ -1,7 +1,9 @@
 import { Secp256k1 } from "@iov/crypto";
-import { Encoding } from "@iov/encoding";
+import { Bech32, Encoding } from "@iov/encoding";
+import equal from "fast-deep-equal";
 
-import { PubKey, pubkeyType } from "./types";
+import { CosmosPubkeyBech32Prefix } from "./address";
+import { Bech32PubKey, PubKey, pubkeyType } from "./types";
 
 export function encodeSecp256k1Pubkey(pubkey: Uint8Array): PubKey {
   return {
@@ -9,3 +11,52 @@ export function encodeSecp256k1Pubkey(pubkey: Uint8Array): PubKey {
     value: Encoding.toBase64(Secp256k1.compressPubkey(pubkey)),
   };
 }
+
+function isCosmosPubkeyBech32Prefix(prefix: string): prefix is CosmosPubkeyBech32Prefix {
+  return ["cosmospub", "cosmosvalconspub", "cosmosvaloperpub"].includes(prefix);
+}
+
+// As discussed in https://github.com/binance-chain/javascript-sdk/issues/163
+// Prefixes listed here: https://github.com/tendermint/tendermint/blob/d419fffe18531317c28c29a292ad7d253f6cafdf/docs/spec/blockchain/encoding.md#public-key-cryptography
+// Last bytes is varint-encoded length prefix
+const pubkeyAminoPrefixSecp256k1 = Encoding.fromHex("eb5ae98721");
+const pubkeyAminoPrefixEd25519 = Encoding.fromHex("1624de6420");
+const pubkeyAminoPrefixSr25519 = Encoding.fromHex("0dfb1005");
+const pubkeyAminoPrefixLength = pubkeyAminoPrefixSecp256k1.length;
+
+export function decodeBech32Pubkey(bech: Bech32PubKey): PubKey {
+  const { prefix, data } = Bech32.decode(bech);
+  if (!isCosmosPubkeyBech32Prefix(prefix)) {
+    throw new Error(`Invalid bech32 prefix. Must be one of cosmos, cosmosvalcons, or cosmosvaloper.`);
+  }
+
+  const aminoPrefix = data.slice(0, pubkeyAminoPrefixLength);
+  const rest = data.slice(pubkeyAminoPrefixLength);
+  if (equal(aminoPrefix, pubkeyAminoPrefixSecp256k1)) {
+    if (rest.length !== 33) {
+      throw new Error("Invalid rest data length. Expected 33 bytes (compressed secp256k1 pubkey).");
+    }
+    return {
+      type: pubkeyType.secp256k1,
+      value: Encoding.toBase64(rest),
+    };
+  } else if (equal(aminoPrefix, pubkeyAminoPrefixEd25519)) {
+    if (rest.length !== 32) {
+      throw new Error("Invalid rest data length. Expected 32 bytes (Ed25519 pubkey).");
+    }
+    return {
+      type: pubkeyType.ed25519,
+      value: Encoding.toBase64(rest),
+    };
+  } else if (equal(aminoPrefix, pubkeyAminoPrefixSr25519)) {
+    if (rest.length !== 32) {
+      throw new Error("Invalid rest data length. Expected 32 bytes (Sr25519 pubkey).");
+    }
+    return {
+      type: pubkeyType.sr25519,
+      value: Encoding.toBase64(rest),
+    };
+  } else {
+    throw new Error("Unsupported Pubkey type. Amino prefix: " + Encoding.toHex(aminoPrefix));
+  }
+}
diff --git a/packages/sdk/types/address.d.ts b/packages/sdk/types/address.d.ts
index 4fddadd5..3390fc29 100644
--- a/packages/sdk/types/address.d.ts
+++ b/packages/sdk/types/address.d.ts
@@ -1,7 +1,6 @@
-import { Bech32PubKey, PubKey } from "./types";
+import { PubKey } from "./types";
 export declare type CosmosAddressBech32Prefix = "cosmos" | "cosmosvalcons" | "cosmosvaloper";
 export declare type CosmosPubkeyBech32Prefix = "cosmospub" | "cosmosvalconspub" | "cosmosvaloperpub";
 export declare type CosmosBech32Prefix = CosmosAddressBech32Prefix | CosmosPubkeyBech32Prefix;
-export declare function decodeBech32Pubkey(bech: Bech32PubKey): PubKey;
 export declare function isValidAddress(address: string): boolean;
 export declare function encodeAddress(pubkey: PubKey, prefix: string): string;
diff --git a/packages/sdk/types/index.d.ts b/packages/sdk/types/index.d.ts
index abe78f64..0aaeec16 100644
--- a/packages/sdk/types/index.d.ts
+++ b/packages/sdk/types/index.d.ts
@@ -1,9 +1,9 @@
 import * as logs from "./logs";
 import * as types from "./types";
 export { logs, types };
-export { CosmosBech32Prefix, decodeBech32Pubkey, encodeAddress, isValidAddress } from "./address";
+export { CosmosBech32Prefix, encodeAddress, isValidAddress } from "./address";
 export { unmarshalTx } from "./decoding";
 export { encodeSecp256k1Signature, makeSignBytes, marshalTx } from "./encoding";
 export { RestClient, TxsResponse } from "./restclient";
 export { makeCosmoshubPath, Pen, PrehashType, Secp256k1Pen } from "./pen";
-export { encodeSecp256k1Pubkey } from "./pubkey";
+export { decodeBech32Pubkey, encodeSecp256k1Pubkey } from "./pubkey";
diff --git a/packages/sdk/types/pubkey.d.ts b/packages/sdk/types/pubkey.d.ts
index 72188ff7..3d7075df 100644
--- a/packages/sdk/types/pubkey.d.ts
+++ b/packages/sdk/types/pubkey.d.ts
@@ -1,2 +1,3 @@
-import { PubKey } from "./types";
+import { Bech32PubKey, PubKey } from "./types";
 export declare function encodeSecp256k1Pubkey(pubkey: Uint8Array): PubKey;
+export declare function decodeBech32Pubkey(bech: Bech32PubKey): PubKey;