diff --git a/qa/pull-tester/rpc-tests.py b/qa/pull-tester/rpc-tests.py
index 2d593ae836..6a07e4619f 100755
--- a/qa/pull-tester/rpc-tests.py
+++ b/qa/pull-tester/rpc-tests.py
@@ -103,6 +103,7 @@ testScripts = [
     'confidential_transactions.py',
     'signed_blockchain.py',
     'feature_blocksign.py',
+    'default_asset_name.py',
 
     # Elements' specially adapted tests second
     'blockchain.py',
diff --git a/qa/rpc-tests/default_asset_name.py b/qa/rpc-tests/default_asset_name.py
new file mode 100755
index 0000000000..4489a0b3d8
--- /dev/null
+++ b/qa/rpc-tests/default_asset_name.py
@@ -0,0 +1,58 @@
+#!/usr/bin/env python3
+# Copyright (c) 2014-2016 The Bitcoin Core developers
+# Distributed under the MIT software license, see the accompanying
+# file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+#
+# Test chain initialisation when specifying default asset name.
+#
+
+from decimal import Decimal
+from test_framework.test_framework import BitcoinTestFramework
+from test_framework.authproxy import JSONRPCException
+from test_framework.util import *
+
+class NamedDefaultAssetTest(BitcoinTestFramework):
+    """
+    Test creation of default asset is named according to defaultpeggedasset parameter
+
+    """
+
+    def __init__(self):
+        super().__init__()
+        self.setup_clean_chain = True
+        self.num_nodes = 2
+
+        #Set default asset name
+        self.node_args = [["-defaultpeggedassetname=testasset"], ["-defaultpeggedassetname=testasset"]]
+
+    def setup_network(self, split=False):
+        self.nodes = start_nodes(self.num_nodes, self.options.tmpdir, self.node_args)
+        connect_nodes_bi(self.nodes,0,1)
+        self.is_network_split = False
+        self.sync_all()
+
+    def run_test(self):
+        #Claim all anyone-can-spend 'bitcoin'
+        self.nodes[0].sendtoaddress(self.nodes[0].getnewaddress(), 21000000, "", "", True, "testasset")
+        self.nodes[0].generate(101)
+        self.sync_all()
+
+        #Check the default asset is named correctly
+        walletinfo1 = self.nodes[0].getwalletinfo()
+        assert_equal(walletinfo1["balance"]["testasset"], 21000000)
+
+        #Send some of the default asset to the second node
+        self.nodes[0].sendtoaddress(self.nodes[1].getnewaddress(), 1, "", "", False, "testasset")
+        self.nodes[0].generate(101)
+        self.sync_all()
+
+        #Check balances are correct and asset is named correctly
+        walletinfo1 = self.nodes[0].getwalletinfo()
+        assert_equal(walletinfo1["balance"]["testasset"], 20999999)
+
+        walletinfo2 = self.nodes[1].getwalletinfo()
+        assert_equal(walletinfo2["balance"]["testasset"], 1)
+
+if __name__ == '__main__':
+    NamedDefaultAssetTest().main()