diff --git a/packages/amino/src/encoding.spec.ts b/packages/amino/src/encoding.spec.ts
index c8ce78b1..7b2217b1 100644
--- a/packages/amino/src/encoding.spec.ts
+++ b/packages/amino/src/encoding.spec.ts
@@ -95,6 +95,11 @@ describe("encoding", () => {
         value: "YZHlYxP5R6olj3Tj3f7VgkQE5VaOvv9G0jKATqdQsqI=",
       });
     });
+
+    it("works for multisig", () => {
+      const decoded = decodeBech32Pubkey(testgroup1PubkeyBech32);
+      expect(decoded).toEqual(testgroup1);
+    });
   });
 
   describe("encodeAminoPubkey", () => {
diff --git a/packages/amino/src/encoding.ts b/packages/amino/src/encoding.ts
index 79b0e4ab..4bd1501c 100644
--- a/packages/amino/src/encoding.ts
+++ b/packages/amino/src/encoding.ts
@@ -6,6 +6,7 @@ import {
   isEd25519Pubkey,
   isMultisigThresholdPubkey,
   isSecp256k1Pubkey,
+  MultisigThresholdPubkey,
   Pubkey,
   pubkeyType,
   Secp256k1Pubkey,
@@ -61,6 +62,9 @@ export function decodeAminoPubkey(data: Uint8Array): Pubkey {
       type: pubkeyType.sr25519,
       value: toBase64(rest),
     };
+  } else if (arrayContentStartsWith(data, pubkeyAminoPrefixMultisigThreshold)) {
+    // eslint-disable-next-line @typescript-eslint/no-use-before-define
+    return decodeMultisigPubkey(data);
   } else {
     throw new Error("Unsupported public key type. Amino data starts with: " + toHex(data.slice(0, 5)));
   }
@@ -77,6 +81,79 @@ export function decodeBech32Pubkey(bechEncoded: string): Pubkey {
   return decodeAminoPubkey(data);
 }
 
+/**
+ * Uvarint decoder for Amino.
+ * @see https://github.com/tendermint/go-amino/blob/8e779b71f40d175/decoder.go#L64-76
+ * @returns varint as number, and bytes count occupied by varaint
+ */
+function decodeUvarint(reader: number[]): [number, number] {
+  if (reader.length < 1) {
+    throw new Error("Can't decode varint. EOF");
+  }
+  if (reader[0] > 127) {
+    throw new Error(
+      "Decoding numbers > 127 is not supported here. Please tell those lazy CosmJS maintainers to port the binary.Varint implementation from the Go standard library and write some tests.",
+    );
+  }
+  return [reader[0], 1];
+}
+
+/**
+ * Decodes a multisig pubkey to type object.
+ * Pubkey structure [ prefix + const + threshold + loop:(const + pubkeyLength + pubkey            ) ]
+ *                  [   4b   + 1b    +  varint   + loop:(1b    +    varint    + pubkeyLength bytes) ]
+ * @param data encoded pubkey
+ */
+function decodeMultisigPubkey(data: Uint8Array): MultisigThresholdPubkey {
+  const reader = Array.from(data);
+
+  // remove multisig amino prefix;
+  const prefixFromReader = reader.splice(0, pubkeyAminoPrefixMultisigThreshold.length);
+  if (!arrayContentStartsWith(prefixFromReader, pubkeyAminoPrefixMultisigThreshold)) {
+    throw new Error("Invalid multisig prefix.");
+  }
+
+  // remove 0x08 threshold prefix;
+  if (reader.shift() != 0x08) {
+    throw new Error("Invalid multisig data. Expecting 0x08 prefix before threshold.");
+  }
+
+  // read threshold
+  const [threshold, thresholdBytesLength] = decodeUvarint(reader);
+  reader.splice(0, thresholdBytesLength);
+
+  // read participants pubkeys
+  const pubkeys = [];
+  while (reader.length > 0) {
+    // remove 0x12 threshold prefix;
+    if (reader.shift() != 0x12) {
+      throw new Error("Invalid multisig data. Expecting 0x12 prefix before participant pubkey length.");
+    }
+
+    // read pubkey length
+    const [pubkeyLength, pubkeyLengthBytesSize] = decodeUvarint(reader);
+    reader.splice(0, pubkeyLengthBytesSize);
+
+    // verify that we can read pubkey
+    if (reader.length < pubkeyLength) {
+      throw new Error("Invalid multisig data length.");
+    }
+
+    // read and decode participant pubkey
+    const encodedPubkey = reader.splice(0, pubkeyLength);
+    const pubkey = decodeAminoPubkey(Uint8Array.from(encodedPubkey));
+    pubkeys.push(pubkey);
+  }
+
+  return {
+    type: pubkeyType.multisigThreshold,
+    value: {
+      threshold: threshold.toString(),
+      pubkeys: pubkeys,
+    },
+  };
+}
+
 /**
  * Uvarint encoder for Amino. This is the same encoding as `binary.PutUvarint` from the Go
  * standard library.