diff --git a/store/rootmulti/store.go b/store/rootmulti/store.go
index 72238cbb1e..61378a3661 100644
--- a/store/rootmulti/store.go
+++ b/store/rootmulti/store.go
@@ -549,9 +549,12 @@ func (rs *Store) SetInitialVersion(version int64) error {
 
 	// Loop through all the stores, if it's an IAVL store, then set initial
 	// version on it.
-	for _, commitKVStore := range rs.stores {
-		if storeWithVersion, ok := commitKVStore.(types.StoreWithInitialVersion); ok {
-			storeWithVersion.SetInitialVersion(version)
+	for key, store := range rs.stores {
+		if store.GetStoreType() == types.StoreTypeIAVL {
+			// If the store is wrapped with an inter-block cache, we must first unwrap
+			// it to get the underlying IAVL store.
+			store = rs.GetCommitKVStore(key)
+			store.(*iavl.Store).SetInitialVersion(version)
 		}
 	}
 
diff --git a/store/rootmulti/store_test.go b/store/rootmulti/store_test.go
index efe2618779..7934b514d1 100644
--- a/store/rootmulti/store_test.go
+++ b/store/rootmulti/store_test.go
@@ -657,11 +657,18 @@ func TestSetInitialVersion(t *testing.T) {
 	db := dbm.NewMemDB()
 	multi := newMultiStoreWithMounts(db, types.PruneNothing)
 
+	require.NoError(t, multi.LoadLatestVersion())
+
 	multi.SetInitialVersion(5)
 	require.Equal(t, int64(5), multi.initialVersion)
 
 	multi.Commit()
 	require.Equal(t, int64(5), multi.LastCommitID().Version)
+
+	ckvs := multi.GetCommitKVStore(multi.keysByName["store1"])
+	iavlStore, ok := ckvs.(*iavl.Store)
+	require.True(t, ok)
+	require.True(t, iavlStore.VersionExists(5))
 }
 
 func BenchmarkMultistoreSnapshot100K(b *testing.B) {