diff --git a/zk_toolbox/crates/config/src/wallet_creation.rs b/zk_toolbox/crates/config/src/wallet_creation.rs
index a27d55f6f46b..6cfdf08a36d3 100644
--- a/zk_toolbox/crates/config/src/wallet_creation.rs
+++ b/zk_toolbox/crates/config/src/wallet_creation.rs
@@ -58,6 +58,10 @@ pub fn create_localhost_wallets(
         blob_operator: Wallet::from_mnemonic(&eth_mnemonic.test_mnemonic, &base_path, 2)?,
         fee_account: Wallet::from_mnemonic(&eth_mnemonic.test_mnemonic, &base_path, 3)?,
         governor: Wallet::from_mnemonic(&eth_mnemonic.test_mnemonic, &base_path, 4)?,
-        token_multiplier_setter: Wallet::from_mnemonic(&eth_mnemonic.test_mnemonic, &base_path, 5)?,
+        token_multiplier_setter: Some(Wallet::from_mnemonic(
+            &eth_mnemonic.test_mnemonic,
+            &base_path,
+            5,
+        )?),
     })
 }
diff --git a/zk_toolbox/crates/config/src/wallets.rs b/zk_toolbox/crates/config/src/wallets.rs
index a2e5be87440a..9c87453954ec 100644
--- a/zk_toolbox/crates/config/src/wallets.rs
+++ b/zk_toolbox/crates/config/src/wallets.rs
@@ -15,7 +15,7 @@ pub struct WalletsConfig {
     pub blob_operator: Wallet,
     pub fee_account: Wallet,
     pub governor: Wallet,
-    pub token_multiplier_setter: Wallet,
+    pub token_multiplier_setter: Option<Wallet>,
 }
 
 impl WalletsConfig {
@@ -27,7 +27,7 @@ impl WalletsConfig {
             blob_operator: Wallet::random(rng),
             fee_account: Wallet::random(rng),
             governor: Wallet::random(rng),
-            token_multiplier_setter: Wallet::random(rng),
+            token_multiplier_setter: Some(Wallet::random(rng)),
         }
     }
 
@@ -39,7 +39,7 @@ impl WalletsConfig {
             blob_operator: Wallet::empty(),
             fee_account: Wallet::empty(),
             governor: Wallet::empty(),
-            token_multiplier_setter: Wallet::empty(),
+            token_multiplier_setter: Some(Wallet::empty()),
         }
     }
     pub fn deployer_private_key(&self) -> Option<H256> {
diff --git a/zk_toolbox/crates/zk_inception/src/commands/chain/init.rs b/zk_toolbox/crates/zk_inception/src/commands/chain/init.rs
index 793fbbf31aee..a5f57981d583 100644
--- a/zk_toolbox/crates/zk_inception/src/commands/chain/init.rs
+++ b/zk_toolbox/crates/zk_inception/src/commands/chain/init.rs
@@ -36,7 +36,7 @@ use crate::{
         MSG_CHAIN_NOT_FOUND_ERR, MSG_DISTRIBUTING_ETH_SPINNER, MSG_GENESIS_DATABASE_ERR,
         MSG_MINT_BASE_TOKEN_SPINNER, MSG_PORTAL_FAILED_TO_CREATE_CONFIG_ERR,
         MSG_REGISTERING_CHAIN_SPINNER, MSG_SELECTED_CONFIG,
-        MSG_UPDATING_TOKEN_MULTIPLIER_SETTER_SPINNER,
+        MSG_UPDATING_TOKEN_MULTIPLIER_SETTER_SPINNER, MSG_WALLET_TOKEN_MULTIPLIER_SETTER_NOT_FOUND,
     },
     utils::forge::{check_the_balance, fill_forge_private_key},
 };
@@ -112,22 +112,25 @@ pub async fn init(
     .await?;
     spinner.finish();
 
-    let spinner = Spinner::new(MSG_UPDATING_TOKEN_MULTIPLIER_SETTER_SPINNER);
-    set_token_multiplier_setter(
-        shell,
-        ecosystem_config,
-        chain_config.get_wallets_config()?.governor_private_key(),
-        contracts_config.l1.chain_admin_addr,
-        ecosystem_config
-            .get_wallets()
-            .unwrap()
-            .token_multiplier_setter
-            .address,
-        &init_args.forge_args.clone(),
-        init_args.l1_rpc_url.clone(),
-    )
-    .await?;
-    spinner.finish();
+    if chain_config.base_token != BaseToken::eth() {
+        let spinner = Spinner::new(MSG_UPDATING_TOKEN_MULTIPLIER_SETTER_SPINNER);
+        set_token_multiplier_setter(
+            shell,
+            ecosystem_config,
+            chain_config.get_wallets_config()?.governor_private_key(),
+            contracts_config.l1.chain_admin_addr,
+            chain_config
+                .get_wallets_config()
+                .unwrap()
+                .token_multiplier_setter
+                .context(MSG_WALLET_TOKEN_MULTIPLIER_SETTER_NOT_FOUND)?
+                .address,
+            &init_args.forge_args.clone(),
+            init_args.l1_rpc_url.clone(),
+        )
+        .await?;
+        spinner.finish();
+    }
 
     deploy_l2_contracts::deploy_l2_contracts(
         shell,
diff --git a/zk_toolbox/crates/zk_inception/src/commands/chain/set_token_multiplier_setter.rs b/zk_toolbox/crates/zk_inception/src/commands/chain/set_token_multiplier_setter.rs
index 0ab0d451f1f7..f92391c22f47 100644
--- a/zk_toolbox/crates/zk_inception/src/commands/chain/set_token_multiplier_setter.rs
+++ b/zk_toolbox/crates/zk_inception/src/commands/chain/set_token_multiplier_setter.rs
@@ -15,7 +15,7 @@ use crate::{
     messages::{
         MSG_CHAIN_NOT_INITIALIZED, MSG_L1_SECRETS_MUST_BE_PRESENTED,
         MSG_TOKEN_MULTIPLIER_SETTER_UPDATED_TO, MSG_UPDATING_TOKEN_MULTIPLIER_SETTER_SPINNER,
-        MSG_WALLETS_CONFIG_MUST_BE_PRESENT,
+        MSG_WALLETS_CONFIG_MUST_BE_PRESENT, MSG_WALLET_TOKEN_MULTIPLIER_SETTER_NOT_FOUND,
     },
     utils::forge::{check_the_balance, fill_forge_private_key},
 };
@@ -47,6 +47,7 @@ pub async fn run(args: ForgeScriptArgs, shell: &Shell) -> anyhow::Result<()> {
         .get_wallets()
         .context(MSG_WALLETS_CONFIG_MUST_BE_PRESENT)?
         .token_multiplier_setter
+        .context(MSG_WALLET_TOKEN_MULTIPLIER_SETTER_NOT_FOUND)?
         .address;
 
     let spinner = Spinner::new(MSG_UPDATING_TOKEN_MULTIPLIER_SETTER_SPINNER);
diff --git a/zk_toolbox/crates/zk_inception/src/messages.rs b/zk_toolbox/crates/zk_inception/src/messages.rs
index cca3e3b549b1..e8899ab7f51f 100644
--- a/zk_toolbox/crates/zk_inception/src/messages.rs
+++ b/zk_toolbox/crates/zk_inception/src/messages.rs
@@ -157,6 +157,8 @@ pub(super) const MSG_CHAIN_ID_VALIDATOR_ERR: &str = "Invalid chain id";
 pub(super) const MSG_BASE_TOKEN_ADDRESS_VALIDATOR_ERR: &str = "Invalid base token address";
 pub(super) const MSG_WALLET_CREATION_VALIDATOR_ERR: &str =
     "Localhost wallet is not supported for external networks";
+pub(super) const MSG_WALLET_TOKEN_MULTIPLIER_SETTER_NOT_FOUND: &str =
+    "Token Multiplier Setter not found. Specify it in a wallet config";
 
 /// Chain genesis related messages
 pub(super) const MSG_L1_SECRETS_MUST_BE_PRESENTED: &str = "L1 secret must be presented";