diff --git a/packages/wallet-lib/src/types/WalletStore/WalletStore.js b/packages/wallet-lib/src/types/WalletStore/WalletStore.js
new file mode 100644
index 00000000000..b105d6792b8
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/WalletStore.js
@@ -0,0 +1,21 @@
+class WalletStore {
+  constructor(walletId) {
+    this.walletId = walletId;
+
+    this.state = {
+      mnemonic: null,
+      paths: new Map(),
+      identities: new Map(),
+    };
+  }
+}
+
+WalletStore.prototype.createPathState = require('./methods/createPathState');
+WalletStore.prototype.exportState = require('./methods/exportState');
+WalletStore.prototype.getIdentityIdByIndex = require('./methods/getIdentityIdByIndex');
+WalletStore.prototype.getIndexedIdentityIds = require('./methods/getIndexedIdentityIds');
+WalletStore.prototype.getPathState = require('./methods/getPathState');
+WalletStore.prototype.importState = require('./methods/importState');
+WalletStore.prototype.insertIdentityIdAtIndex = require('./methods/insertIdentityIdAtIndex');
+
+module.exports = WalletStore;
diff --git a/packages/wallet-lib/src/types/WalletStore/WalletStore.spec.js b/packages/wallet-lib/src/types/WalletStore/WalletStore.spec.js
new file mode 100644
index 00000000000..0d5d8f4d41b
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/WalletStore.spec.js
@@ -0,0 +1,48 @@
+const { expect } = require('chai');
+const WalletStore = require('./WalletStore');
+
+let walletStore;
+describe('WalletStore - Class', ()=> {
+  describe('simple usage', () => {
+    it('should create a walletStore', function () {
+      walletStore = new WalletStore('squawk7700');
+      expect(walletStore.walletId).to.equal('squawk7700');
+    });
+    it('should create path state', function () {
+      walletStore.createPathState('m/0')
+      expect(walletStore.state.paths.get('m/0')).to.deep.equal({
+        path: 'm/0',
+        addresses: {}
+      });
+      // TODO: Can be done later to have a better way to update path state
+      walletStore.state.paths.get('m/0').addresses['m/0'] = 'yTwEca67QSkZ6axGdpNFzWPaCj8zqYybY7'
+    });
+
+    it('should get path state', function () {
+      const pathState = walletStore.getPathState('m/0');
+      expect(pathState).to.deep.equal({
+        path: 'm/0',
+        addresses: {
+          'm/0': 'yTwEca67QSkZ6axGdpNFzWPaCj8zqYybY7'
+        }
+      });
+    });
+    it('should insert identity', function () {
+      const identityId = 'abcde1234';
+      const identityIndex = 0;
+      walletStore.insertIdentityIdAtIndex(identityId, identityIndex);
+    });
+    it('should get indexed identity ids', function () {
+      expect(walletStore.getIndexedIdentityIds()).to.deep.equal(['abcde1234'])
+    });
+    it('should get identity id by index', function () {
+      expect(walletStore.getIdentityIdByIndex(0)).to.deep.equal('abcde1234')
+    });
+    it('should export and import state', function () {
+      const exportedState = walletStore.exportState();
+      const importedWalletStore = new WalletStore();
+      importedWalletStore.importState(exportedState);
+      expect(exportedState).to.deep.equal(importedWalletStore.exportState())
+    });
+  })
+})
diff --git a/packages/wallet-lib/src/types/WalletStore/methods/createPathState.js b/packages/wallet-lib/src/types/WalletStore/methods/createPathState.js
new file mode 100644
index 00000000000..2dd215942ce
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/methods/createPathState.js
@@ -0,0 +1,12 @@
+const logger = require('../../../logger');
+
+function createPathState(path) {
+  logger.debug(`WalletStore - Creating path state ${path}`);
+  if (!this.state.paths.has(path)) {
+    this.state.paths.set(path, {
+      path,
+      addresses: {},
+    });
+  }
+}
+module.exports = createPathState;
diff --git a/packages/wallet-lib/src/types/WalletStore/methods/exportState.js b/packages/wallet-lib/src/types/WalletStore/methods/exportState.js
new file mode 100644
index 00000000000..03b37ea6667
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/methods/exportState.js
@@ -0,0 +1,16 @@
+const { cloneDeep } = require('lodash');
+
+function exportState() {
+  const { walletId } = this;
+  const { mnemonic, paths, identities } = this.state;
+
+  return {
+    walletId,
+    state: {
+      mnemonic,
+      paths: cloneDeep(Object.fromEntries(paths)),
+      identities: cloneDeep(Object.fromEntries(identities)),
+    },
+  };
+}
+module.exports = exportState;
diff --git a/packages/wallet-lib/src/types/WalletStore/methods/getIdentityIdByIndex.js b/packages/wallet-lib/src/types/WalletStore/methods/getIdentityIdByIndex.js
new file mode 100644
index 00000000000..f90d1e5782a
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/methods/getIdentityIdByIndex.js
@@ -0,0 +1,4 @@
+function getIdentityIdByIndex(identityIndex) {
+  return this.state.identities.get(identityIndex);
+}
+module.exports = getIdentityIdByIndex;
diff --git a/packages/wallet-lib/src/types/WalletStore/methods/getIndexedIdentityIds.js b/packages/wallet-lib/src/types/WalletStore/methods/getIndexedIdentityIds.js
new file mode 100644
index 00000000000..e251ba4806b
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/methods/getIndexedIdentityIds.js
@@ -0,0 +1,4 @@
+function getIndexedIdentityIds() {
+  return [...this.state.identities.values()];
+}
+module.exports = getIndexedIdentityIds;
diff --git a/packages/wallet-lib/src/types/WalletStore/methods/getPathState.js b/packages/wallet-lib/src/types/WalletStore/methods/getPathState.js
new file mode 100644
index 00000000000..d2143cd4d95
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/methods/getPathState.js
@@ -0,0 +1,4 @@
+function getPathState(path) {
+  return this.state.paths.get(path);
+}
+module.exports = getPathState;
diff --git a/packages/wallet-lib/src/types/WalletStore/methods/importState.js b/packages/wallet-lib/src/types/WalletStore/methods/importState.js
new file mode 100644
index 00000000000..e4eb709107c
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/methods/importState.js
@@ -0,0 +1,9 @@
+const { cloneDeep } = require('lodash');
+
+function importState(state) {
+  this.walletId = state.walletId;
+  this.state.mnemonic = state.state.mnemonic;
+  this.state.paths = new Map(cloneDeep(Object.entries(state.state.paths)));
+  this.state.identities = new Map(cloneDeep(Object.entries(state.state.identities)));
+}
+module.exports = importState;
diff --git a/packages/wallet-lib/src/types/WalletStore/methods/insertIdentityIdAtIndex.js b/packages/wallet-lib/src/types/WalletStore/methods/insertIdentityIdAtIndex.js
new file mode 100644
index 00000000000..ee8a9325190
--- /dev/null
+++ b/packages/wallet-lib/src/types/WalletStore/methods/insertIdentityIdAtIndex.js
@@ -0,0 +1,12 @@
+const IdentityReplaceError = require('../../../errors/IndentityIdReplaceError');
+
+function insertIdentityIdAtIndex(identityId, identityIndex) {
+  const existingId = this.getIdentityIdByIndex(identityIndex);
+
+  if (Boolean(existingId) && existingId !== identityId) {
+    throw new IdentityReplaceError(`Trying to replace identity at index ${identityIndex}`);
+  }
+
+  this.state.identities.set(identityIndex, identityId);
+}
+module.exports = insertIdentityIdAtIndex;