diff --git a/package/Config.in b/package/Config.in
index 7a7f80f37b..cd13bb307c 100644
--- a/package/Config.in
+++ b/package/Config.in
@@ -1021,6 +1021,7 @@ menu "External python modules"
 	source "package/python-avro/Config.in"
 	source "package/python-babel/Config.in"
 	source "package/python-backcall/Config.in"
+	source "package/python-base58/Config.in"
 	source "package/python-bcrypt/Config.in"
 	source "package/python-beautifulsoup4/Config.in"
 	source "package/python-betterproto/Config.in"
diff --git a/package/python-base58/Config.in b/package/python-base58/Config.in
new file mode 100644
index 0000000000..27eff77c44
--- /dev/null
+++ b/package/python-base58/Config.in
@@ -0,0 +1,6 @@
+config BR2_PACKAGE_PYTHON_BASE58
+	bool "python-base58"
+	help
+	  Base58 and Base58Check implementation.
+
+	  https://github.com/keis/base58
diff --git a/package/python-base58/python-base58.hash b/package/python-base58/python-base58.hash
new file mode 100644
index 0000000000..fa24123851
--- /dev/null
+++ b/package/python-base58/python-base58.hash
@@ -0,0 +1,5 @@
+# md5, sha256 from https://pypi.org/pypi/base58/json
+md5  3595b886f6d57b947fa8d38d4c92e5b3  base58-2.1.1.tar.gz
+sha256  c5d0cb3f5b6e81e8e35da5754388ddcc6d0d14b6c6a132cb93d69ed580a7278c  base58-2.1.1.tar.gz
+# Locally computed sha256 checksums
+sha256  cf4694f040b7a31cd8ec3dbcd0b583a601c0d4c37de016be7aa0a06e3a6a3a54  COPYING
diff --git a/package/python-base58/python-base58.mk b/package/python-base58/python-base58.mk
new file mode 100644
index 0000000000..59822c62d7
--- /dev/null
+++ b/package/python-base58/python-base58.mk
@@ -0,0 +1,14 @@
+################################################################################
+#
+# python-base58
+#
+################################################################################
+
+PYTHON_BASE58_VERSION = 2.1.1
+PYTHON_BASE58_SOURCE = base58-$(PYTHON_BASE58_VERSION).tar.gz
+PYTHON_BASE58_SITE = https://files.pythonhosted.org/packages/7f/45/8ae61209bb9015f516102fa559a2914178da1d5868428bd86a1b4421141d
+PYTHON_BASE58_SETUP_TYPE = setuptools
+PYTHON_BASE58_LICENSE = MIT
+PYTHON_BASE58_LICENSE_FILES = COPYING
+
+$(eval $(python-package))