diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8dc5cf3fa9e2..0728b0450f23 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -70,6 +70,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (cli) [#16209](https://github.com/cosmos/cosmos-sdk/pull/16209) Make `StartCmd` more customizable.
 * (types) [#16257](https://github.com/cosmos/cosmos-sdk/pull/16257) Allow setting the base denom in the denom registry.
 * (x/group) [#16191](https://github.com/cosmos/cosmos-sdk/pull/16191) Add EventProposalPruned event to group module whenever a proposal is pruned.
+* (genutil) [#16046](https://github.com/cosmos/cosmos-sdk/pull/16046) Add "module-name" flag to genutil add-genesis-account to enable intializing module accounts at genesis.
 
 ### Improvements
 
diff --git a/x/auth/helpers/genaccounts.go b/x/auth/helpers/genaccounts.go
index 817d4f71095b..9ff62f17150f 100644
--- a/x/auth/helpers/genaccounts.go
+++ b/x/auth/helpers/genaccounts.go
@@ -19,6 +19,7 @@ import (
 // `accAddr` is the address to be added to the genesis state, `amountStr` is the list of initial coins
 // to be added for the account, `appendAcct` updates the account if already exists.
 // `vestingStart, vestingEnd and vestingAmtStr` respectively are the schedule start time, end time (unix epoch)
+// `moduleName“ is the module name for which the account is being created
 // and coins to be appended to the account already in the genesis.json file.
 func AddGenesisAccount(
 	cdc codec.Codec,
@@ -26,6 +27,7 @@ func AddGenesisAccount(
 	appendAcct bool,
 	genesisFileURL, amountStr, vestingAmtStr string,
 	vestingStart, vestingEnd int64,
+	moduleName string,
 ) error {
 	coins, err := sdk.ParseCoinsNormalized(amountStr)
 	if err != nil {
@@ -61,6 +63,8 @@ func AddGenesisAccount(
 		default:
 			return errors.New("invalid vesting parameters; must supply start and end time or end time")
 		}
+	} else if moduleName != "" {
+		genAccount = authtypes.NewEmptyModuleAccount(moduleName, authtypes.Burner, authtypes.Minter)
 	} else {
 		genAccount = baseAccount
 	}
diff --git a/x/genutil/client/cli/genaccount.go b/x/genutil/client/cli/genaccount.go
index 043428daf5ab..d92fc2888dfe 100644
--- a/x/genutil/client/cli/genaccount.go
+++ b/x/genutil/client/cli/genaccount.go
@@ -19,6 +19,7 @@ const (
 	flagVestingEnd   = "vesting-end-time"
 	flagVestingAmt   = "vesting-amount"
 	flagAppendMode   = "append"
+	flagModuleName   = "module-name"
 )
 
 // AddGenesisAccountCmd returns add-genesis-account cobra Command.
@@ -71,8 +72,9 @@ contain valid denominations. Accounts may optionally be supplied with vesting pa
 			vestingStart, _ := cmd.Flags().GetInt64(flagVestingStart)
 			vestingEnd, _ := cmd.Flags().GetInt64(flagVestingEnd)
 			vestingAmtStr, _ := cmd.Flags().GetString(flagVestingAmt)
+			moduleNameStr, _ := cmd.Flags().GetString(flagModuleName)
 
-			return auth.AddGenesisAccount(clientCtx.Codec, addr, appendflag, config.GenesisFile(), args[1], vestingAmtStr, vestingStart, vestingEnd)
+			return auth.AddGenesisAccount(clientCtx.Codec, addr, appendflag, config.GenesisFile(), args[1], vestingAmtStr, vestingStart, vestingEnd, moduleNameStr)
 		},
 	}
 
@@ -82,6 +84,7 @@ contain valid denominations. Accounts may optionally be supplied with vesting pa
 	cmd.Flags().Int64(flagVestingStart, 0, "schedule start time (unix epoch) for vesting accounts")
 	cmd.Flags().Int64(flagVestingEnd, 0, "schedule end time (unix epoch) for vesting accounts")
 	cmd.Flags().Bool(flagAppendMode, false, "append the coins to an account already in the genesis.json file")
+	cmd.Flags().String(flagModuleName, "", "module account name")
 	flags.AddQueryFlagsToCmd(cmd)
 
 	return cmd