diff --git a/modules/abstract-utxo/src/abstractUtxoCoin.ts b/modules/abstract-utxo/src/abstractUtxoCoin.ts
index ef46fb9b8c..38c90fb5bd 100644
--- a/modules/abstract-utxo/src/abstractUtxoCoin.ts
+++ b/modules/abstract-utxo/src/abstractUtxoCoin.ts
@@ -695,11 +695,6 @@ export abstract class AbstractUtxoCoin extends BaseCoin {
     return utxolib.bitgo.outputScripts.isSupportedScriptType(this.network, addressType);
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-algo/src/algo.ts b/modules/sdk-coin-algo/src/algo.ts
index 5e1e514279..507432cfdf 100644
--- a/modules/sdk-coin-algo/src/algo.ts
+++ b/modules/sdk-coin-algo/src/algo.ts
@@ -594,11 +594,6 @@ export class Algo extends BaseCoin {
     return false;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-arbeth/src/arbeth.ts b/modules/sdk-coin-arbeth/src/arbeth.ts
index f76c8c06a8..1495c74f0b 100644
--- a/modules/sdk-coin-arbeth/src/arbeth.ts
+++ b/modules/sdk-coin-arbeth/src/arbeth.ts
@@ -61,11 +61,6 @@ export class Arbeth extends AbstractEthLikeNewCoins {
     return userGasLimit;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.tss;
diff --git a/modules/sdk-coin-avaxc/src/avaxc.ts b/modules/sdk-coin-avaxc/src/avaxc.ts
index 5a4a3551e2..a3b4442c20 100644
--- a/modules/sdk-coin-avaxc/src/avaxc.ts
+++ b/modules/sdk-coin-avaxc/src/avaxc.ts
@@ -135,11 +135,6 @@ export class AvaxC extends AbstractEthLikeNewCoins {
     return false;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-avaxp/src/avaxp.ts b/modules/sdk-coin-avaxp/src/avaxp.ts
index f88bfccd37..972ebd913d 100644
--- a/modules/sdk-coin-avaxp/src/avaxp.ts
+++ b/modules/sdk-coin-avaxp/src/avaxp.ts
@@ -60,11 +60,6 @@ export class AvaxP extends BaseCoin {
     return Math.pow(10, this._staticsCoin.decimalPlaces);
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-celo/src/celo.ts b/modules/sdk-coin-celo/src/celo.ts
index 10f5e4ca75..f95de99365 100644
--- a/modules/sdk-coin-celo/src/celo.ts
+++ b/modules/sdk-coin-celo/src/celo.ts
@@ -25,11 +25,6 @@ export class Celo extends AbstractEthLikeCoin {
     return valid;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-cspr/src/cspr.ts b/modules/sdk-coin-cspr/src/cspr.ts
index 09d33939f8..7a987c28bf 100644
--- a/modules/sdk-coin-cspr/src/cspr.ts
+++ b/modules/sdk-coin-cspr/src/cspr.ts
@@ -99,11 +99,6 @@ export class Cspr extends BaseCoin {
     return Math.pow(10, this._staticsCoin.decimalPlaces);
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-eos/src/eos.ts b/modules/sdk-coin-eos/src/eos.ts
index fdcbeafb4e..e411258d78 100644
--- a/modules/sdk-coin-eos/src/eos.ts
+++ b/modules/sdk-coin-eos/src/eos.ts
@@ -232,11 +232,6 @@ export class Eos extends BaseCoin {
     return 4;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig() {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-etc/src/etc.ts b/modules/sdk-coin-etc/src/etc.ts
index f528c215ff..50535de931 100644
--- a/modules/sdk-coin-etc/src/etc.ts
+++ b/modules/sdk-coin-etc/src/etc.ts
@@ -58,11 +58,6 @@ export class Etc extends AbstractEthLikeCoin {
     return valid;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig() {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-hbar/src/hbar.ts b/modules/sdk-coin-hbar/src/hbar.ts
index 4fc05e52ff..26c8189e37 100644
--- a/modules/sdk-coin-hbar/src/hbar.ts
+++ b/modules/sdk-coin-hbar/src/hbar.ts
@@ -570,11 +570,6 @@ export class Hbar extends BaseCoin {
     return false;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-opeth/src/opeth.ts b/modules/sdk-coin-opeth/src/opeth.ts
index cc94efb720..92eceb6107 100644
--- a/modules/sdk-coin-opeth/src/opeth.ts
+++ b/modules/sdk-coin-opeth/src/opeth.ts
@@ -61,11 +61,6 @@ export class Opeth extends AbstractEthLikeNewCoins {
     return userGasLimit;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.tss;
diff --git a/modules/sdk-coin-rbtc/src/rbtc.ts b/modules/sdk-coin-rbtc/src/rbtc.ts
index 2f68ceb72a..1cf0ca581c 100644
--- a/modules/sdk-coin-rbtc/src/rbtc.ts
+++ b/modules/sdk-coin-rbtc/src/rbtc.ts
@@ -22,11 +22,6 @@ export class Rbtc extends AbstractEthLikeCoin {
     return valid;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig() {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-stx/src/stx.ts b/modules/sdk-coin-stx/src/stx.ts
index 2d35b83bc9..21e073a7d1 100644
--- a/modules/sdk-coin-stx/src/stx.ts
+++ b/modules/sdk-coin-stx/src/stx.ts
@@ -90,11 +90,6 @@ export class Stx extends BaseCoin {
     return new TransactionBuilderFactory(coinConfig).getTransferBuilder();
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-trx/src/trx.ts b/modules/sdk-coin-trx/src/trx.ts
index 4301e9a7cb..11b097eb5f 100644
--- a/modules/sdk-coin-trx/src/trx.ts
+++ b/modules/sdk-coin-trx/src/trx.ts
@@ -162,11 +162,6 @@ export class Trx extends BaseCoin {
     return true;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-xlm/src/xlm.ts b/modules/sdk-coin-xlm/src/xlm.ts
index 89fc573d4e..4a29f403fb 100644
--- a/modules/sdk-coin-xlm/src/xlm.ts
+++ b/modules/sdk-coin-xlm/src/xlm.ts
@@ -299,11 +299,6 @@ export class Xlm extends BaseCoin {
     return false;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-xrp/src/xrp.ts b/modules/sdk-coin-xrp/src/xrp.ts
index c8203d9972..5b2d8e1012 100644
--- a/modules/sdk-coin-xrp/src/xrp.ts
+++ b/modules/sdk-coin-xrp/src/xrp.ts
@@ -116,11 +116,6 @@ export class Xrp extends BaseCoin {
     return true;
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-xtz/src/xtz.ts b/modules/sdk-coin-xtz/src/xtz.ts
index 67e54368a7..def3aab352 100644
--- a/modules/sdk-coin-xtz/src/xtz.ts
+++ b/modules/sdk-coin-xtz/src/xtz.ts
@@ -51,11 +51,6 @@ export class Xtz extends BaseCoin {
     return Math.pow(10, this._staticsCoin.decimalPlaces);
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-coin-zketh/src/zketh.ts b/modules/sdk-coin-zketh/src/zketh.ts
index dc6d86512b..6d547ef1ef 100644
--- a/modules/sdk-coin-zketh/src/zketh.ts
+++ b/modules/sdk-coin-zketh/src/zketh.ts
@@ -33,11 +33,6 @@ export class Zketh extends AbstractEthLikeNewCoins {
     return await recoveryBlockchainExplorerQuery(query, explorerUrl as string);
   }
 
-  /** {@inheritDoc } **/
-  supportsMultisig(): boolean {
-    return true;
-  }
-
   /** inherited doc */
   getDefaultMultisigType(): MultisigType {
     return multisigTypes.onchain;
diff --git a/modules/sdk-core/src/bitgo/baseCoin/baseCoin.ts b/modules/sdk-core/src/bitgo/baseCoin/baseCoin.ts
index 00f69c2cfa..de5a518f10 100644
--- a/modules/sdk-core/src/bitgo/baseCoin/baseCoin.ts
+++ b/modules/sdk-core/src/bitgo/baseCoin/baseCoin.ts
@@ -2,11 +2,11 @@
  * @prettier
  */
 import * as crypto from 'crypto';
+import { Hash } from 'crypto';
+import * as utxolib from '@bitgo/utxo-lib';
 import { bip32 } from '@bitgo/utxo-lib';
 import { BigNumber } from 'bignumber.js';
-
-import * as utxolib from '@bitgo/utxo-lib';
-import { BaseCoin as StaticsBaseCoin } from '@bitgo/statics';
+import { BaseCoin as StaticsBaseCoin, CoinFeature } from '@bitgo/statics';
 
 import { InitiateRecoveryOptions } from '../recovery';
 import { signMessage } from '../bip32util';
@@ -16,17 +16,22 @@ import { Enterprises } from '../enterprise';
 import { Keychains, KeyIndices } from '../keychain';
 import { Markets } from '../market';
 import { PendingApprovals } from '../pendingApproval';
-import { Wallets, IWallet, Wallet } from '../wallet';
+import { IWallet, Wallet, Wallets } from '../wallet';
 import { Webhooks } from '../webhook';
 import {
+  BaseBroadcastTransactionOptions,
+  BaseBroadcastTransactionResult,
+  BuildNftTransferDataOptions,
+  DeriveKeyWithSeedOptions,
   ExtraPrebuildParamsOptions,
   FeeEstimateOptions,
   IBaseCoin,
-  ParsedTransaction,
   ITransactionExplanation,
   KeychainsTriplet,
   KeyPair,
   MPCAlgorithm,
+  MultisigType,
+  ParsedTransaction,
   ParseTransactionOptions,
   PrecreateBitGoOptions,
   PresignTransactionOptions,
@@ -39,14 +44,8 @@ import {
   TransactionPrebuild,
   VerifyAddressOptions,
   VerifyTransactionOptions,
-  BuildNftTransferDataOptions,
-  BaseBroadcastTransactionOptions,
-  BaseBroadcastTransactionResult,
-  DeriveKeyWithSeedOptions,
-  MultisigType,
 } from './iBaseCoin';
 import { IInscriptionBuilder } from '../inscriptionBuilder';
-import { Hash } from 'crypto';
 import { MPCSweepRecoveryOptions, MPCTxs, PopulatedIntent, PrebuildTransactionWithIntentOptions } from '../utils';
 
 export abstract class BaseCoin implements IBaseCoin {
@@ -186,11 +185,13 @@ export abstract class BaseCoin implements IBaseCoin {
   }
 
   /**
+   * @deprecated use CoinFeature.MULTISIG from statics instead
    * Flag indicating if this coin supports MultiSig wallets.
    * @return {boolean} True if MultiSig wallets can be created for this coin
    */
   supportsMultisig(): boolean {
-    return false;
+    // Use the static coin configuration to check if MULTISIG is supported
+    return this._staticsCoin.features.includes(CoinFeature.MULTISIG);
   }
 
   /**
diff --git a/modules/statics/src/avaxp.ts b/modules/statics/src/avaxp.ts
index 12c48cdd49..2253c236c1 100644
--- a/modules/statics/src/avaxp.ts
+++ b/modules/statics/src/avaxp.ts
@@ -22,6 +22,7 @@ export class AVAXPCoin extends BaseCoin {
     CoinFeature.CUSTODY_BITGO_GERMANY,
     CoinFeature.CUSTODY_BITGO_FRANKFURT,
     CoinFeature.MULTISIG_COLD,
+    CoinFeature.MULTISIG,
     CoinFeature.STAKING,
   ];
 
diff --git a/modules/statics/src/base.ts b/modules/statics/src/base.ts
index 9a2df91ac6..32eac1b57c 100644
--- a/modules/statics/src/base.ts
+++ b/modules/statics/src/base.ts
@@ -363,6 +363,11 @@ export enum CoinFeature {
    * This coins is an EVM compatible coin and should use common EVM functionality
    */
   SHARED_EVM_SIGNING = 'shared-evm-signing',
+
+  /**
+   * This coin supports multisig wallets
+   */
+  MULTISIG = 'multisig',
 }
 
 /**
diff --git a/modules/statics/src/coinFeatures.ts b/modules/statics/src/coinFeatures.ts
index 2541dec6f3..9fa8592b62 100644
--- a/modules/statics/src/coinFeatures.ts
+++ b/modules/statics/src/coinFeatures.ts
@@ -17,6 +17,7 @@ export const ETC_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_NEW_YORK,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
 ];
 export const EVM_FEATURES = [
   ...ETH_FEATURES,
@@ -35,6 +36,7 @@ export const AVAXC_FEATURES = [
   CoinFeature.CUSTODY_BITGO_SWITZERLAND,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.EIP1559,
 ];
 export const CELO_FEATURES = [
@@ -43,11 +45,13 @@ export const CELO_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.EIP1559,
 ];
 export const RBTC_FEATURES = [
   ...ETH_FEATURES,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.CUSTODY_BITGO_GERMANY,
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
@@ -60,10 +64,12 @@ export const XLM_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
 ];
 export const XTZ_FEATURES = [
   ...AccountCoin.DEFAULT_FEATURES,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.ENTERPRISE_PAYS_FEES,
 ].filter(
   (feature) =>
@@ -81,6 +87,7 @@ export const XRP_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
 ];
 export const POLYGON_TOKEN_FEATURES_WITH_FRANKFURT = [
   ...AccountCoin.DEFAULT_FEATURES,
@@ -95,6 +102,7 @@ export const CSPR_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.STAKING,
 ];
 export const ALGO_FEATURES = [
@@ -105,6 +113,7 @@ export const ALGO_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.BULK_TRANSACTION,
 ];
 export const HTETH_TOKEN_FEATURES = [
@@ -131,6 +140,7 @@ export const EOS_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
 ];
 export const HBAR_FEATURES = [
   ...AccountCoin.DEFAULT_FEATURES,
@@ -139,6 +149,7 @@ export const HBAR_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.BULK_TRANSACTION,
   CoinFeature.ALPHANUMERIC_MEMO_ID,
 ];
@@ -197,6 +208,7 @@ export const STX_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.STAKING,
   CoinFeature.SUPPORTS_TOKENS,
   CoinFeature.ALPHANUMERIC_MEMO_ID,
@@ -279,6 +291,7 @@ export const TRX_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.CUSTODY_BITGO_SINGAPORE,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
 ];
 export const COSMOS_SIDECHAIN_FEATURES = [
   ...AccountCoin.DEFAULT_FEATURES,
@@ -342,6 +355,7 @@ export const ARBETH_FEATURES = [
   CoinFeature.CUSTODY_BITGO_FRANKFURT,
   CoinFeature.EIP1559,
   CoinFeature.WALLET_CONNECT_DEFI,
+  CoinFeature.MULTISIG,
 ];
 export const OPETH_FEATURES = [
   ...ETH_FEATURES,
@@ -349,6 +363,7 @@ export const OPETH_FEATURES = [
   CoinFeature.TSS_COLD,
   CoinFeature.MPCV2,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.EVM_WALLET,
   CoinFeature.USES_NON_PACKED_ENCODING_FOR_TXDATA,
   CoinFeature.ETH_ROLLUP_CHAIN,
@@ -361,6 +376,7 @@ export const OPETH_FEATURES = [
 export const ZKETH_FEATURES = [
   ...ETH_FEATURES,
   CoinFeature.MULTISIG_COLD,
+  CoinFeature.MULTISIG,
   CoinFeature.EVM_WALLET,
   CoinFeature.USES_NON_PACKED_ENCODING_FOR_TXDATA,
   CoinFeature.ETH_ROLLUP_CHAIN,
diff --git a/modules/statics/src/utxo.ts b/modules/statics/src/utxo.ts
index 72427249b9..ec39314595 100644
--- a/modules/statics/src/utxo.ts
+++ b/modules/statics/src/utxo.ts
@@ -23,6 +23,7 @@ export class UtxoCoin extends BaseCoin {
     CoinFeature.CUSTODY_BITGO_MENA_FZE,
     CoinFeature.CUSTODY_BITGO_CUSTODY_MENA_FZE,
     CoinFeature.MULTISIG_COLD,
+    CoinFeature.MULTISIG,
     CoinFeature.PAYGO,
   ];