diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index d9662c39aa..cc187b50b0 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -4327,6 +4327,13 @@ uint256 CWallet::GetAssetIDFromLabel(const std::string& label) const
     return uint256();
 }
 
+CAssetID CWallet::GetAssetIDFromString(const std::string& asset) const
+{
+    // TODO: may be worth LOCK(cs_wallet) here and do GetAsset* inline instead
+    CAssetID id(uint256S(asset));
+    return GetAssetLabelFromID(id) == "" ? GetAssetIDFromLabel(asset) : id;
+}
+
 CKey CWallet::GetBlindingKey(const CScript* script) const
 {
     CKey key;
diff --git a/src/wallet/wallet.h b/src/wallet/wallet.h
index 23cd65266c..713a5c891d 100644
--- a/src/wallet/wallet.h
+++ b/src/wallet/wallet.h
@@ -1012,6 +1012,12 @@ public:
     std::string GetAssetLabelFromID(const uint256& id) const;
     /* Returns asset id corresponding to asset label */
     uint256 GetAssetIDFromLabel(const std::string& label) const;
+    /**
+     * Returns asset id coresponding to the given asset expression, which is either an asset label or a hex value.
+     * @param  asset A label string or a hex value corresponding to an asset
+     * @return       The asset ID for the given expression
+     */
+    CAssetID GetAssetIDFromString(const std::string& asset) const;
 
     //! script == NULL gives the backward compatible blinding key
     CKey GetBlindingKey(const CScript* script) const;