diff --git a/.gitignore b/.gitignore
new file mode 100644
index 0000000..3f2f3cc
--- /dev/null
+++ b/.gitignore
@@ -0,0 +1,7 @@
+stage0-spec.yml
+stage0-deployment
+stage1-spec.yml
+stage1-deployment
+
+stage1-genesis
+output
diff --git a/stack-orchestrator/stacks/fixturenet-laconicd/README.md b/stack-orchestrator/stacks/fixturenet-laconicd/README.md
index d5c879a..b613b97 100644
--- a/stack-orchestrator/stacks/fixturenet-laconicd/README.md
+++ b/stack-orchestrator/stacks/fixturenet-laconicd/README.md
@@ -82,7 +82,7 @@ Instructions for running a laconicd fixturenet along with registry CLI and conso
   cp fixturenet-laconicd-deployment/deployment.yml laconic-console-deployment/deployment.yml
   ```
 
-* (Optional) Copy over the genesis file (`.json`) containing the onboarding module state with funded participants to data directory in deployment (`fixturenet-laconicd-deployment/data/genesis-config`):
+* (Optional) Copy over an existing genesis file (`.json`) to data directory in deployment (`fixturenet-laconicd-deployment/data/genesis-config`):
 
   ```bash
   # Example
@@ -97,6 +97,7 @@ Instructions for running a laconicd fixturenet along with registry CLI and conso
   # Optional
 
   # Set to true to enable adding participants functionality of the onboarding module
+  # (default: false)
   ONBOARDING_ENABLED=
   ```
 
diff --git a/stack-orchestrator/stacks/fixturenet-laconicd/scripts/fetch-account-holdings.sh b/stack-orchestrator/stacks/fixturenet-laconicd/scripts/fetch-account-holdings.sh
new file mode 100755
index 0000000..3a90a3b
--- /dev/null
+++ b/stack-orchestrator/stacks/fixturenet-laconicd/scripts/fetch-account-holdings.sh
@@ -0,0 +1,22 @@
+#!/bin/bash
+
+# Exit on error
+set -e
+
+# Note: Needs to be run in the go-nitro repository
+# Example usage:
+# In go-nitro
+# /home/user/fixturenet-laconicd-stack/stack-orchestrator/stacks/fixturenet-laconicd/scripts/fetch-account-holdings.sh eth-account-holdings.json
+
+# Check if output file is provided
+if [ -z "$1" ]; then
+  echo "Usage: $0 <output_file>"
+  exit 1
+fi
+
+OUTPUT_FILE=$1
+
+# Run the nitro-rpc-client command and process the output with jq
+npm exec -c "nitro-rpc-client get-all-ledger-channels -p 4006" | jq -s '[.[] | {ethereum_address: .Balance.Them, balance: .Balance.TheirBalance}]' > "$OUTPUT_FILE"
+
+echo "Ethereum account holdings exported to $OUTPUT_FILE"
diff --git a/stack-orchestrator/stacks/fixturenet-laconicd/scripts/generate-stage1-genesis.sh b/stack-orchestrator/stacks/fixturenet-laconicd/scripts/generate-stage1-genesis.sh
new file mode 100755
index 0000000..15f3fc2
--- /dev/null
+++ b/stack-orchestrator/stacks/fixturenet-laconicd/scripts/generate-stage1-genesis.sh
@@ -0,0 +1,61 @@
+#!/bin/bash
+
+# Exit on error
+set -e
+
+# Prerequisite: a json file with ETH accounts holdings
+
+# Check if output file is provided
+if [ "$#" -ne 2 ]; then
+  echo "Usage: $0 <stage0-deployment-dir-absolute> <eth-account-holdings-json-file>"
+  exit 1
+fi
+
+STAGE0_DEPLOYMENT_DIR="$1"
+ETH_ACCOUNT_HOLDINGS_FILE="$2"
+
+STAGE1_GENESIS_DIR=stage1-genesis
+
+# Create a target directory
+mkdir -p $STAGE1_GENESIS_DIR
+
+# Export onboarding module state from stage0 laconicd chain
+onboarding_state_file="$STAGE1_GENESIS_DIR/stage0-onboarding-state.json"
+docker run -it \
+  -v ${STAGE0_DEPLOYMENT_DIR}/data/laconicd-data:/root/stage0-deployment/.laconicd \
+  cerc/laconic2d:local bash -c "laconicd export --home /root/stage0-deployment/.laconicd" \
+  | jq .app_state.onboarding > "$onboarding_state_file"
+
+eth_account_holdings=$(cat "$ETH_ACCOUNT_HOLDINGS_FILE")
+stage0_participants=$(cat "$onboarding_state_file" | jq .participants)
+
+# For each participant, using ETH account holdings, figure out balance allocation for stage1
+# TODO Check what happens if participant is missing
+stage1_allocations_file="$STAGE1_GENESIS_DIR/stage1-allocations.json"
+jq -n --argjson holdings "$eth_account_holdings" --argjson participants "$stage0_participants" '
+[
+  $holdings[] |
+  . as $holding |
+  $participants[] |
+  select((.ethereum_address | ascii_downcase) == ($holding.ethereum_address | ascii_downcase)) |
+  {
+    cosmos_address: .cosmos_address,
+    balance: $holding.balance
+  }
+]' > $stage1_allocations_file
+
+# Run a script with cerc/laconic2d:local to generate the genesis file
+# with onboarding module state and given allocations
+docker run -it \
+  -v ./stage1-genesis:/root/.laconicd \
+  -v ./scripts:/scripts \
+  cerc/laconic2d:local bash -c "/scripts/genesis.sh"
+
+# Copy over the genesis file to output folder
+OUTPUT_DIR=output
+mkdir -p $OUTPUT_DIR
+cp ./stage1-genesis/config/genesis.json $OUTPUT_DIR/genesis.json
+echo "Genesis file for stage1 written to $OUTPUT_DIR/genesis.json"
+
+# Clean up
+echo "Please remove the temporary data directory: sudo rm -rf stage1-genesis"
diff --git a/stack-orchestrator/stacks/fixturenet-laconicd/scripts/genesis.sh b/stack-orchestrator/stacks/fixturenet-laconicd/scripts/genesis.sh
new file mode 100755
index 0000000..554a4ea
--- /dev/null
+++ b/stack-orchestrator/stacks/fixturenet-laconicd/scripts/genesis.sh
@@ -0,0 +1,32 @@
+#!/bin/bash
+
+# Exit on error
+set -e
+
+# Note: Needs to be run in a docker container with image cerc/laconic2d:local
+
+CHAINID="laconic_9000-1"
+STAGE1_MONIKER=localtestnet-stage-1
+NODE_HOME="/root/.laconicd"
+
+onboarding_state_file="$NODE_HOME/stage0-onboarding-state.json"
+stage1_allocations_file="$NODE_HOME/stage1-allocations.json"
+stage1_genesis_file="$NODE_HOME/config/genesis.json"
+
+laconicd init $STAGE1_MONIKER --chain-id $CHAINID --default-denom photon
+
+# Update onboarding module state with participants from stage0
+participants=$(jq -c '.participants' $onboarding_state_file)
+jq --argjson p "$participants" '.app_state.onboarding.participants = $p' "$stage1_genesis_file" > tmp.$$.json && mv tmp.$$.json "$stage1_genesis_file"
+
+# Read and assign allocations
+jq -c '.[]' "$stage1_allocations_file" | while IFS= read -r line; do
+  cosmos_address=$(jq -r '.cosmos_address' <<< "$line")
+  balance=$(jq -r '.balance' <<< "$line")
+
+  # Add a genesis account for participant's laconic address with required balance
+  laconicd genesis add-genesis-account $cosmos_address ${balance}photon
+done
+
+# Ensure that resulting genesis file is valid
+laconicd genesis validate