diff --git a/src/rpc/misc.cpp b/src/rpc/misc.cpp
index 00412d99f3..4185dfda7e 100644
--- a/src/rpc/misc.cpp
+++ b/src/rpc/misc.cpp
@@ -631,12 +631,13 @@ static UniValue echo(const JSONRPCRequest& request)
 
 UniValue tweakfedpegscript(const JSONRPCRequest& request)
 {
-    if (request.fHelp || request.params.size() != 1)
+    if (request.fHelp || request.params.size() < 1 || request.params.size() > 2)
         throw std::runtime_error(
             RPCHelpMan{"tweakfedpegscript",
                 "\nReturns a tweaked fedpegscript.\n",
                 {
                     {"claim_script", RPCArg::Type::STR_HEX, RPCArg::Optional::NO, "Script to tweak the fedpegscript with. For example obtained as a result of getpeginaddress."},
+                    {"fedpegscript", RPCArg::Type::STR_HEX, RPCArg::Optional::OMITTED_NAMED_ARG, "Fedpegscript to be used with the claim_script. By default this is the current fedpegscript."},
                 },
                 RPCResult{
             "{\n"
@@ -651,11 +652,21 @@ UniValue tweakfedpegscript(const JSONRPCRequest& request)
         throw JSONRPCError(RPC_TYPE_ERROR, "the first argument must be a hex string");
     }
 
+    CScript fedpegscript = GetValidFedpegScripts(chainActive.Tip(), Params().GetConsensus(), true /* nextblock_validation */).front().second;
+
+    if (!request.params[1].isNull()) {
+        if (IsHex(request.params[1].get_str())) {
+            std::vector<unsigned char> fedpeg_byte = ParseHex(request.params[1].get_str());
+            fedpegscript = CScript(fedpeg_byte.begin(), fedpeg_byte.end());
+        } else {
+            throw JSONRPCError(RPC_TYPE_ERROR, "fedpegscript must be a hex string");
+        }
+    }
+
     std::vector<unsigned char> scriptData = ParseHex(request.params[0].get_str());
     CScript claim_script = CScript(scriptData.begin(), scriptData.end());
 
-    const auto& fedpegscripts = GetValidFedpegScripts(chainActive.Tip(), Params().GetConsensus(), true /* nextblock_validation */);
-    CScript tweaked_script = calculate_contract(fedpegscripts.front().second, claim_script);
+    CScript tweaked_script = calculate_contract(fedpegscript, claim_script);
     CTxDestination parent_addr(ScriptHash(GetScriptForWitness(tweaked_script)));
 
     UniValue ret(UniValue::VOBJ);
@@ -846,7 +857,7 @@ static const CRPCCommand commands[] =
     { "util",               "signmessagewithprivkey", &signmessagewithprivkey, {"privkey","message"} },
     // ELEMENTS:
     { "util",               "getpakinfo",             &getpakinfo,             {}},
-    { "util",               "tweakfedpegscript",      &tweakfedpegscript,      {"claim_script"} },
+    { "util",               "tweakfedpegscript",      &tweakfedpegscript,      {"claim_script", "fedpegscript"} },
     { "util",               "createblindedaddress",   &createblindedaddress,   {"address", "blinding_key"}},
     { "util",               "dumpassetlabels",        &dumpassetlabels,        {}},
     { "hidden",             "calcfastmerkleroot",     &calcfastmerkleroot,     {"leaves"} },
diff --git a/test/functional/rpc_tweakfedpeg.py b/test/functional/rpc_tweakfedpeg.py
index 991a5ffa16..fdabe255fc 100755
--- a/test/functional/rpc_tweakfedpeg.py
+++ b/test/functional/rpc_tweakfedpeg.py
@@ -104,5 +104,11 @@ def run_test(self):
         dyna_fed_tweaked = "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"
         assert_equal(self.nodes[2].tweakfedpegscript(claim_script)["script"], dyna_fed_tweaked)
 
+        # Optional fedpegscript arg (same arg as active script!)
+        assert_equal(self.nodes[2].tweakfedpegscript(claim_script, DYNAFED_SCRIPT)["script"], dyna_fed_tweaked)
+
+        # Older script should result in same as before
+        assert_equal(self.nodes[2].tweakfedpegscript(claim_script, LIQUID_SCRIPT)["script"], liquid_tweaked)
+
 if __name__ == '__main__':
     TweakFedpegTest().main()