diff --git a/src/test/bip32_tests.cpp b/src/test/bip32_tests.cpp
new file mode 100644
index 000000000..66d2330fb
--- /dev/null
+++ b/src/test/bip32_tests.cpp
@@ -0,0 +1,116 @@
+#include <boost/test/unit_test.hpp>
+
+#include <string>
+#include <vector>
+
+#include "key.h"
+#include "base58.h"
+#include "uint256.h"
+#include "util.h"
+
+struct TestDerivation {
+    std::string pub;
+    std::string prv;
+    unsigned int nChild;
+};
+
+struct TestVector {
+    std::string strHexMaster;
+    std::vector<TestDerivation> vDerive;
+
+    TestVector(std::string strHexMasterIn) : strHexMaster(strHexMasterIn) {}
+
+    TestVector& operator()(std::string pub, std::string prv, unsigned int nChild) {
+        vDerive.push_back(TestDerivation());
+        TestDerivation &der = vDerive.back();
+        der.pub = pub;
+        der.prv = prv;
+        der.nChild = nChild;
+        return *this;
+    }
+};
+
+TestVector test1 =
+  TestVector("000102030405060708090a0b0c0d0e0f")
+    ("xpub661MyMwAqRbcFtXgS5sYJABqqG9YLmC4Q1Rdap9gSE8NqtwybGhePY2gZ29ESFjqJoCu1Rupje8YtGqsefD265TMg7usUDFdp6W1EGMcet8",
+     "xprv9s21ZrQH143K3QTDL4LXw2F7HEK3wJUD2nW2nRk4stbPy6cq3jPPqjiChkVvvNKmPGJxWUtg6LnF5kejMRNNU3TGtRBeJgk33yuGBxrMPHi",
+     0x80000000)
+    ("xpub68Gmy5EdvgibQVfPdqkBBCHxA5htiqg55crXYuXoQRKfDBFA1WEjWgP6LHhwBZeNK1VTsfTFUHCdrfp1bgwQ9xv5ski8PX9rL2dZXvgGDnw",
+     "xprv9uHRZZhk6KAJC1avXpDAp4MDc3sQKNxDiPvvkX8Br5ngLNv1TxvUxt4cV1rGL5hj6KCesnDYUhd7oWgT11eZG7XnxHrnYeSvkzY7d2bhkJ7",
+     1)
+    ("xpub6ASuArnXKPbfEwhqN6e3mwBcDTgzisQN1wXN9BJcM47sSikHjJf3UFHKkNAWbWMiGj7Wf5uMash7SyYq527Hqck2AxYysAA7xmALppuCkwQ",
+     "xprv9wTYmMFdV23N2TdNG573QoEsfRrWKQgWeibmLntzniatZvR9BmLnvSxqu53Kw1UmYPxLgboyZQaXwTCg8MSY3H2EU4pWcQDnRnrVA1xe8fs",
+     0x80000002)
+    ("xpub6D4BDPcP2GT577Vvch3R8wDkScZWzQzMMUm3PWbmWvVJrZwQY4VUNgqFJPMM3No2dFDFGTsxxpG5uJh7n7epu4trkrX7x7DogT5Uv6fcLW5",
+     "xprv9z4pot5VBttmtdRTWfWQmoH1taj2axGVzFqSb8C9xaxKymcFzXBDptWmT7FwuEzG3ryjH4ktypQSAewRiNMjANTtpgP4mLTj34bhnZX7UiM",
+     2)
+    ("xpub6FHa3pjLCk84BayeJxFW2SP4XRrFd1JYnxeLeU8EqN3vDfZmbqBqaGJAyiLjTAwm6ZLRQUMv1ZACTj37sR62cfN7fe5JnJ7dh8zL4fiyLHV",
+     "xprvA2JDeKCSNNZky6uBCviVfJSKyQ1mDYahRjijr5idH2WwLsEd4Hsb2Tyh8RfQMuPh7f7RtyzTtdrbdqqsunu5Mm3wDvUAKRHSC34sJ7in334",
+     1000000000)
+    ("xpub6H1LXWLaKsWFhvm6RVpEL9P4KfRZSW7abD2ttkWP3SSQvnyA8FSVqNTEcYFgJS2UaFcxupHiYkro49S8yGasTvXEYBVPamhGW6cFJodrTHy",
+     "xprvA41z7zogVVwxVSgdKUHDy1SKmdb533PjDz7J6N6mV6uS3ze1ai8FHa8kmHScGpWmj4WggLyQjgPie1rFSruoUihUZREPSL39UNdE3BBDu76",
+     0);
+
+TestVector test2 =
+  TestVector("fffcf9f6f3f0edeae7e4e1dedbd8d5d2cfccc9c6c3c0bdbab7b4b1aeaba8a5a29f9c999693908d8a8784817e7b7875726f6c696663605d5a5754514e4b484542")
+    ("xpub661MyMwAqRbcFW31YEwpkMuc5THy2PSt5bDMsktWQcFF8syAmRUapSCGu8ED9W6oDMSgv6Zz8idoc4a6mr8BDzTJY47LJhkJ8UB7WEGuduB",
+     "xprv9s21ZrQH143K31xYSDQpPDxsXRTUcvj2iNHm5NUtrGiGG5e2DtALGdso3pGz6ssrdK4PFmM8NSpSBHNqPqm55Qn3LqFtT2emdEXVYsCzC2U",
+     0)
+    ("xpub69H7F5d8KSRgmmdJg2KhpAK8SR3DjMwAdkxj3ZuxV27CprR9LgpeyGmXUbC6wb7ERfvrnKZjXoUmmDznezpbZb7ap6r1D3tgFxHmwMkQTPH",
+     "xprv9vHkqa6EV4sPZHYqZznhT2NPtPCjKuDKGY38FBWLvgaDx45zo9WQRUT3dKYnjwih2yJD9mkrocEZXo1ex8G81dwSM1fwqWpWkeS3v86pgKt",
+     0xFFFFFFFF)
+    ("xpub6ASAVgeehLbnwdqV6UKMHVzgqAG8Gr6riv3Fxxpj8ksbH9ebxaEyBLZ85ySDhKiLDBrQSARLq1uNRts8RuJiHjaDMBU4Zn9h8LZNnBC5y4a",
+     "xprv9wSp6B7kry3Vj9m1zSnLvN3xH8RdsPP1Mh7fAaR7aRLcQMKTR2vidYEeEg2mUCTAwCd6vnxVrcjfy2kRgVsFawNzmjuHc2YmYRmagcEPdU9",
+     1)
+    ("xpub6DF8uhdarytz3FWdA8TvFSvvAh8dP3283MY7p2V4SeE2wyWmG5mg5EwVvmdMVCQcoNJxGoWaU9DCWh89LojfZ537wTfunKau47EL2dhHKon",
+     "xprv9zFnWC6h2cLgpmSA46vutJzBcfJ8yaJGg8cX1e5StJh45BBciYTRXSd25UEPVuesF9yog62tGAQtHjXajPPdbRCHuWS6T8XA2ECKADdw4Ef",
+     0xFFFFFFFE)
+    ("xpub6ERApfZwUNrhLCkDtcHTcxd75RbzS1ed54G1LkBUHQVHQKqhMkhgbmJbZRkrgZw4koxb5JaHWkY4ALHY2grBGRjaDMzQLcgJvLJuZZvRcEL",
+     "xprvA1RpRA33e1JQ7ifknakTFpgNXPmW2YvmhqLQYMmrj4xJXXWYpDPS3xz7iAxn8L39njGVyuoseXzU6rcxFLJ8HFsTjSyQbLYnMpCqE2VbFWc",
+     2)
+    ("xpub6FnCn6nSzZAw5Tw7cgR9bi15UV96gLZhjDstkXXxvCLsUXBGXPdSnLFbdpq8p9HmGsApME5hQTZ3emM2rnY5agb9rXpVGyy3bdW6EEgAtqt",
+     "xprvA2nrNbFZABcdryreWet9Ea4LvTJcGsqrMzxHx98MMrotbir7yrKCEXw7nadnHM8Dq38EGfSh6dqA9QWTyefMLEcBYJUuekgW4BYPJcr9E7j",
+     0);
+
+void RunTest(const TestVector &test) {
+    std::vector<unsigned char> seed = ParseHex(test.strHexMaster);
+    CExtKey key;
+    CExtPubKey pubkey;
+    key.SetMaster(&seed[0], seed.size());
+    pubkey = key.Neuter();
+    BOOST_FOREACH(const TestDerivation &derive, test.vDerive) {
+        unsigned char data[74];
+        key.Encode(data);
+        pubkey.Encode(data);
+        // Test private key
+        CBitcoinExtKey b58key; b58key.SetKey(key);
+        BOOST_CHECK(b58key.ToString() == derive.prv);
+        // Test public key
+        CBitcoinExtPubKey b58pubkey; b58pubkey.SetKey(pubkey);
+        BOOST_CHECK(b58pubkey.ToString() == derive.pub);
+        // Derive new keys
+        CExtKey keyNew;
+        BOOST_CHECK(key.Derive(keyNew, derive.nChild));
+        CExtPubKey pubkeyNew = keyNew.Neuter();
+        if (!(derive.nChild & 0x80000000)) {
+            // Compare with public derivation
+            CExtPubKey pubkeyNew2;
+            BOOST_CHECK(pubkey.Derive(pubkeyNew2, derive.nChild));
+            BOOST_CHECK(pubkeyNew == pubkeyNew2);
+        }
+        key = keyNew;
+        pubkey = pubkeyNew;
+    }
+}
+
+BOOST_AUTO_TEST_SUITE(bip32_tests)
+
+BOOST_AUTO_TEST_CASE(bip32_test1) {
+    RunTest(test1);
+}
+
+BOOST_AUTO_TEST_CASE(bip32_test2) {
+    RunTest(test2);
+}
+
+BOOST_AUTO_TEST_SUITE_END()