diff --git a/lib/primitives/keyring.js b/lib/primitives/keyring.js
index a388962a..cd411c19 100644
--- a/lib/primitives/keyring.js
+++ b/lib/primitives/keyring.js
@@ -40,7 +40,6 @@ function KeyRing(options, network) {
   this.publicKey = constants.ZERO_KEY;
   this.privateKey = null;
   this.script = null;
-  this.path = null;
 
   this._keyHash = null;
   this._keyAddress = null;
@@ -152,11 +151,12 @@ KeyRing.prototype.fromPublic = function fromPublic(key, network) {
 
 /**
  * Generate a keyring.
+ * @private
  * @param {(Network|NetworkType)?} network
  * @returns {KeyRing}
  */
 
-KeyRing.generate = function(compressed, network) {
+KeyRing.prototype.generate = function(compressed, network) {
   var key;
 
   if (typeof compressed !== 'boolean') {
@@ -166,7 +166,17 @@ KeyRing.generate = function(compressed, network) {
 
   key = ec.generatePrivateKey();
 
-  return KeyRing.fromKey(key, compressed, network);
+  return this.fromKey(key, compressed, network);
+};
+
+/**
+ * Generate a keyring.
+ * @param {(Network|NetworkType)?} network
+ * @returns {KeyRing}
+ */
+
+KeyRing.generate = function(compressed, network) {
+  return new KeyRing().generate(compressed, network);
 };
 
 /**
@@ -793,12 +803,6 @@ KeyRing.prototype.toJSON = function toJSON() {
     publicKey: this.publicKey.toString('hex'),
     script: this.script ? this.script.toRaw().toString('hex') : null,
     type: constants.scriptTypesByVal[this.type].toLowerCase(),
-    wid: this.path ? this.path.wid : undefined,
-    id: this.path ? this.path.id : undefined,
-    name: this.path ? this.path.name : undefined,
-    account: this.path ? this.path.account : undefined,
-    change: this.path ? this.path.change : undefined,
-    index: this.path ? this.path.index : undefined,
     address: this.getAddress('base58'),
     programAddress: this.getProgramAddress('base58')
   };
diff --git a/lib/wallet/account.js b/lib/wallet/account.js
index 37b17b8b..3fd2e5bf 100644
--- a/lib/wallet/account.js
+++ b/lib/wallet/account.js
@@ -15,7 +15,7 @@ var BufferReader = require('../utils/reader');
 var BufferWriter = require('../utils/writer');
 var Path = require('./path');
 var Script = require('../script/script');
-var KeyRing = require('../primitives/keyring');
+var KeyRing = require('./kr');
 
 /**
  * Represents a BIP44 Account belonging to a {@link Wallet}.
@@ -463,7 +463,6 @@ Account.prototype.derivePath = function derivePath(path, master) {
       }
 
       ring = KeyRing.fromRaw(data, this.network);
-      ring.witness = this.witness;
       ring.path = path;
 
       return ring;
@@ -483,7 +482,7 @@ Account.prototype.derivePath = function derivePath(path, master) {
 
 Account.prototype.deriveAddress = function deriveAddress(change, index, master) {
   var keys = [];
-  var i, key, shared, ring;
+  var i, key, shared, ring, hash;
 
   change = +change;
 
@@ -517,11 +516,29 @@ Account.prototype.deriveAddress = function deriveAddress(change, index, master)
   if (key.privateKey)
     ring.privateKey = key.privateKey;
 
-  ring.path = Path.fromHD(this, ring, change, index);
+  hash = ring.getHash('hex');
+
+  ring.path = Path.fromHD(this, hash, change, index);
 
   return ring;
 };
 
+/**
+ * Get address type.
+ * @returns {ScriptType}
+ */
+
+Account.prototype.getAddressType = function getAddressType() {
+  if (this.witness) {
+    if (this.type === Account.types.MULTISIG)
+      return Script.types.WITNESSSCRIPTHASH;
+    return Script.types.WITNESSPUBKEYHASH;
+  }
+  if (this.type === Account.types.MULTISIG)
+    return Script.types.SCRIPTHASH;
+  return Script.types.PUBKEYHASH;
+};
+
 /**
  * Save the account to the database. Necessary
  * when address depth and keys change.
diff --git a/lib/wallet/kr.js b/lib/wallet/kr.js
new file mode 100644
index 00000000..b01443d0
--- /dev/null
+++ b/lib/wallet/kr.js
@@ -0,0 +1,173 @@
+/*!
+ * walletkey.js - walletkey object for bcoin
+ * Copyright (c) 2014-2015, Fedor Indutny (MIT License)
+ * Copyright (c) 2014-2016, Christopher Jeffrey (MIT License).
+ * https://github.com/bcoin-org/bcoin
+ */
+
+'use strict';
+
+var constants = require('../protocol/constants');
+var KeyRing = require('../primitives/keyring');
+var utils = require('../utils/utils');
+
+/**
+ * Represents a key ring which amounts to an address.
+ * @exports WalletKey
+ * @constructor
+ * @param {Object} options
+ * @param {HDPrivateKey|HDPublicKey|Buffer} options.key
+ * @param {Buffer[]} options.keys - Shared multisig keys.
+ * @param {Number?} options.m - Multisig `m` value.
+ * @param {Number?} options.n - Multisig `n` value.
+ * @param {Boolean?} options.witness - Whether witness programs are enabled.
+ */
+
+function WalletKey(options, network) {
+  if (!(this instanceof WalletKey))
+    return new WalletKey(options, network);
+
+  KeyRing.call(this, options, network);
+
+  this.path = null;
+}
+
+utils.inherits(WalletKey, KeyRing);
+
+/**
+ * Instantiate key ring from options.
+ * @param {Object} options
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromOptions = function fromOptions(options) {
+  return new WalletKey().fromOptions(options);
+};
+
+/**
+ * Instantiate keyring from a private key.
+ * @param {Buffer} key
+ * @param {Boolean?} compressed
+ * @param {(NetworkType|Network}) network
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromPrivate = function fromPrivate(key, compressed, network) {
+  return new WalletKey().fromPrivate(key, compressed, network);
+};
+
+/**
+ * Generate a keyring.
+ * @param {(Network|NetworkType)?} network
+ * @returns {WalletKey}
+ */
+
+WalletKey.generate = function(compressed, network) {
+  return new WalletKey().generate(compressed, network);
+};
+
+/**
+ * Instantiate keyring from a public key.
+ * @param {Buffer} publicKey
+ * @param {(NetworkType|Network}) network
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromPublic = function fromPublic(key, network) {
+  return new WalletKey().fromPublic(key, network);
+};
+
+/**
+ * Instantiate keyring from a public key.
+ * @param {Buffer} publicKey
+ * @param {(NetworkType|Network}) network
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromKey = function fromKey(key, compressed, network) {
+  return new WalletKey().fromKey(key, compressed, network);
+};
+
+/**
+ * Instantiate keyring from script.
+ * @param {Buffer} key
+ * @param {Script} script
+ * @param {(NetworkType|Network}) network
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromScript = function fromScript(key, script, compressed, network) {
+  return new WalletKey().fromScript(key, script, compressed, network);
+};
+
+/**
+ * Instantiate a keyring from a serialized CBitcoinSecret.
+ * @param {Base58String} secret
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromSecret = function fromSecret(data) {
+  return new WalletKey().fromSecret(data);
+};
+
+/**
+ * Convert an WalletKey to a more json-friendly object.
+ * @returns {Object}
+ */
+
+WalletKey.prototype.toJSON = function toJSON() {
+  return {
+    network: this.network.type,
+    witness: this.witness,
+    publicKey: this.publicKey.toString('hex'),
+    script: this.script ? this.script.toRaw().toString('hex') : null,
+    type: constants.scriptTypesByVal[this.type].toLowerCase(),
+    wid: this.path.wid,
+    id: this.path.id,
+    name: this.path.name,
+    account: this.path.account,
+    change: this.path.change,
+    index: this.path.index,
+    address: this.getAddress('base58'),
+    programAddress: this.getProgramAddress('base58')
+  };
+};
+
+/**
+ * Instantiate an WalletKey from a jsonified transaction object.
+ * @param {Object} json - The jsonified transaction object.
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromJSON = function fromJSON(json) {
+  return new WalletKey().fromJSON(json);
+};
+
+/**
+ * Instantiate a keyring from serialized data.
+ * @param {Buffer} data
+ * @returns {WalletKey}
+ */
+
+WalletKey.fromRaw = function fromRaw(data) {
+  return new WalletKey().fromRaw(data);
+};
+
+/**
+ * Test whether an object is a WalletKey.
+ * @param {Object} obj
+ * @returns {Boolean}
+ */
+
+WalletKey.isWalletKey = function isWalletKey(obj) {
+  return obj
+    && obj.path !== undefined
+    && Buffer.isBuffer(obj.publicKey)
+    && typeof obj.toSecret === 'function';
+};
+
+/*
+ * Expose
+ */
+
+module.exports = WalletKey;
diff --git a/lib/wallet/path.js b/lib/wallet/path.js
index 8883c351..3d918013 100644
--- a/lib/wallet/path.js
+++ b/lib/wallet/path.js
@@ -186,7 +186,7 @@ Path.prototype.toRaw = function toRaw(writer) {
  * @param {Number} index
  */
 
-Path.prototype.fromHD = function fromHD(account, ring, change, index) {
+Path.prototype.fromHD = function fromHD(account, hash, change, index) {
   this.wid = account.wid;
   this.name = account.name;
   this.account = account.accountIndex;
@@ -195,11 +195,11 @@ Path.prototype.fromHD = function fromHD(account, ring, change, index) {
 
   this.keyType = Path.types.HD;
 
-  this.version = ring.witness ? 0 : -1;
-  this.type = ring.getAddressType();
+  this.version = account.witness ? 0 : -1;
+  this.type = account.getAddressType();
 
   this.id = account.id;
-  this.hash = ring.getHash('hex');
+  this.hash = hash;
 
   return this;
 };