diff --git a/CHANGELOG.md b/CHANGELOG.md
index 987f2207..5fb08d46 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -50,6 +50,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (evm) [tharsis#662](https://github.com/tharsis/ethermint/pull/662) Disable basefee for non london blocks
 * (cmd) [tharsis#712](https://github.com/tharsis/ethermint/pull/712) add tx cli to build evm transaction
 * (rpc) [tharsis#733](https://github.com/tharsis/ethermint/pull/733) add JSON_RPC endpoint personal_unpair
+* (rpc) [tharsis#740](https://github.com/tharsis/ethermint/pull/740) add JSON_RPC endpoint personal_initializeWallet
 
 ### Bug Fixes
 
diff --git a/rpc/ethereum/namespaces/personal/api.go b/rpc/ethereum/namespaces/personal/api.go
index b5786e59..945e6918 100644
--- a/rpc/ethereum/namespaces/personal/api.go
+++ b/rpc/ethereum/namespaces/personal/api.go
@@ -230,3 +230,11 @@ func (api *PrivateAccountAPI) Unpair(_ context.Context, url, pin string) error {
 	// TODO: Smartcard wallet not supported yet, refer to: https://github.com/ethereum/go-ethereum/blob/master/accounts/scwallet/README.md
 	return fmt.Errorf("smartcard wallet not supported yet")
 }
+
+// InitializeWallet initializes a new wallet at the provided URL, by generating and returning a new private key.
+func (api *PrivateAccountAPI) InitializeWallet(_ context.Context, url string) (string, error) {
+	api.logger.Debug("personal_initializeWallet", "url", url)
+	api.logger.Info("personal_initializeWallet for smartcard wallet not supported")
+	// TODO: Smartcard wallet not supported yet, refer to: https://github.com/ethereum/go-ethereum/blob/master/accounts/scwallet/README.md
+	return "", fmt.Errorf("smartcard wallet not supported yet")
+}
diff --git a/tests/rpc/personal_test.go b/tests/rpc/personal_test.go
index b0614ee5..9b9d858c 100644
--- a/tests/rpc/personal_test.go
+++ b/tests/rpc/personal_test.go
@@ -2,8 +2,6 @@ package rpc
 
 import (
 	"encoding/json"
-	"errors"
-	"fmt"
 	"testing"
 
 	"github.com/stretchr/testify/require"
@@ -146,11 +144,11 @@ func TestPersonal_LockAccount(t *testing.T) {
 }
 
 func TestPersonal_Unpair(t *testing.T) {
-	t.Skip("skipping TestPersonal_Unpair")
-
-	rpcRes := Call(t, "personal_unpair", []interface{}{"", 0})
-
-	var res error
-	err := json.Unmarshal(rpcRes.Result, &res)
-	require.True(t, errors.Is(err, fmt.Errorf("smartcard wallet not supported yet")))
+	_, err := CallWithError("personal_unpair", []interface{}{"", ""})
+	require.Equal(t, "smartcard wallet not supported yet", err.Error())
+}
+
+func TestPersonal_InitializeWallet(t *testing.T) {
+	_, err := CallWithError("personal_initializeWallet", []interface{}{""})
+	require.Equal(t, "smartcard wallet not supported yet", err.Error())
 }