diff --git a/src/rpc/client.cpp b/src/rpc/client.cpp
index 89ab2b2785..8b09f0d3fe 100644
--- a/src/rpc/client.cpp
+++ b/src/rpc/client.cpp
@@ -80,7 +80,7 @@ static const CRPCConvertParam vRPCConvertParams[] =
     { "sendmany", 5 , "replaceable" },
     { "sendmany", 6 , "conf_target" },
     { "sendmany", 10, "fee_rate"},
-    { "sendmany", 11, "verbose" },
+    { "sendmany", 12, "verbose" },
     { "deriveaddresses", 1, "range" },
     { "scantxoutset", 1, "scanobjects" },
     { "addmultisigaddress", 0, "nrequired" },
diff --git a/src/wallet/rpc/spend.cpp b/src/wallet/rpc/spend.cpp
index 34f0d8305a..500979b609 100644
--- a/src/wallet/rpc/spend.cpp
+++ b/src/wallet/rpc/spend.cpp
@@ -305,6 +305,7 @@ RPCHelpMan sendmany()
                     },
                     {"ignoreblindfail", RPCArg::Type::BOOL, RPCArg::Default{true}, "Return a transaction even when a blinding attempt fails due to number of blinded inputs/outputs."},
                     {"fee_rate", RPCArg::Type::AMOUNT, RPCArg::DefaultHint{"not set, fall back to wallet fee estimation"}, "Specify a fee rate in " + CURRENCY_ATOM + "/vB."},
+                    {"fee_asset", RPCArg::Type::STR_HEX, RPCArg::DefaultHint{"not set, fall back to asset being sent"}, "label or hex ID of asset used for fees"},                    
                     {"verbose", RPCArg::Type::BOOL, RPCArg::Default{false}, "If true, return extra information about the transaction."},
                 },
                 {
@@ -377,7 +378,18 @@ RPCHelpMan sendmany()
 
     std::vector<CRecipient> recipients;
     ParseRecipients(sendTo, assets, subtractFeeFromAmount, recipients);
-    bool verbose = request.params[11].isNull() ? false : request.params[11].get_bool();
+    if (g_con_any_asset_fees && !recipients.empty()) {
+        CAsset feeAsset = recipients[0].asset;
+        if (request.params.size() > 11) {
+            std::string strFeeAsset = request.params[11].get_str();
+            feeAsset = GetAssetFromString(strFeeAsset);
+            if (feeAsset.IsNull()) {
+                throw JSONRPCError(RPC_WALLET_ERROR, strprintf("Unknown label and invalid asset hex for fee: %s", feeAsset.GetHex()));
+            }
+        }
+        coin_control.m_fee_asset = feeAsset;
+    }
+    bool verbose = request.params[12].isNull() ? false : request.params[12].get_bool();
 
     return SendMoney(*pwallet, coin_control, recipients, std::move(mapValue), verbose, ignore_blind_fail);
 },
diff --git a/test/functional/feature_any_asset_fee.py b/test/functional/feature_any_asset_fee.py
index 82d2ba452b..33ae8f1e85 100755
--- a/test/functional/feature_any_asset_fee.py
+++ b/test/functional/feature_any_asset_fee.py
@@ -18,7 +18,7 @@ def set_test_params(self):
         self.num_nodes = 2
         self.extra_args = [[
             "-blindedaddresses=1",
-            "-initialfreecoins=1000000000",
+            "-initialfreecoins=10000000000",
             "-con_blocksubsidy=0",
             "-con_connect_genesis_outputs=1",
             "-con_any_asset_fees=1",
@@ -106,7 +106,7 @@ def transfer_asset_to_node1(self):
         assert_equal(node1_new_balance["trusted"][self.asset], Decimal('2') - Decimal('1')  - Decimal('0.00049820'))
         assert_equal(node1_new_balance["immature"][self.asset], Decimal('0.00049820'))
 
-    def multiple_asset_fees_transfers(self):
+    def multiple_asset_fees_transfers_with_sendtoaddress(self):
         node0_balance = self.nodes[0].getbalances()["mine"]
         node1_balance = self.nodes[1].getbalances()["mine"]
         assert len(node0_balance["trusted"]) == 3
@@ -148,6 +148,36 @@ def multiple_asset_fees_transfers(self):
         assert_equal(node1_new_balance["trusted"]["gasset"], Decimal('7'))
         assert_equal(node1_new_balance["trusted"][self.asset], node1_balance["trusted"][self.asset] + Decimal('3'))
 
+    def multiple_asset_fees_transfers_with_sendmany(self):
+        node0_balance = self.nodes[0].getbalances()["mine"]["trusted"]
+        node1_balance = self.nodes[1].getbalances()["mine"]["trusted"]
+        assert len(node0_balance) == 3
+        assert len(node1_balance) == 2
+
+        tx1_id = self.nodes[0].sendmany(
+            amounts={ self.node1_address: 1.0 },
+            output_assets={ self.node1_address: self.asset },
+            fee_asset=self.asset)
+        tx1 = self.nodes[0].gettransaction(tx1_id)
+
+        tx2_id = self.nodes[0].sendmany(
+            amounts={ self.node1_address: 2.0 },
+            output_assets={ self.node1_address: self.asset },
+            fee_asset='gasset')
+        tx2 = self.nodes[0].gettransaction(tx2_id)
+
+        self.generatetoaddress(self.nodes[0], 1, self.node0_address)
+        self.sync_all()
+
+        node0_new_balance = self.nodes[0].getbalances()['mine']['trusted']
+        assert_equal(node0_new_balance[self.asset], node0_balance[self.asset] - Decimal('3') + tx1['fee'][self.asset])
+        assert_equal(node0_new_balance['gasset'], node0_balance['gasset'] + tx2['fee']['gasset'])
+
+        node1_new_balance = self.nodes[1].getbalances()['mine']['trusted']
+        assert len(node1_new_balance) == 2
+        assert_equal(node1_new_balance['gasset'], Decimal('7'))
+        assert_equal(node1_new_balance[self.asset], node1_balance[self.asset] + Decimal('3'))
+
     def transfer_asset_amount_including_fee(self):
         node1_balance = self.nodes[1].getbalances()["mine"]
         assert len(node1_balance["trusted"]) == 2
@@ -194,7 +224,9 @@ def run_test(self):
 
         self.transfer_asset_to_node1()
 
-        self.multiple_asset_fees_transfers()
+        self.multiple_asset_fees_transfers_with_sendtoaddress()
+
+        self.multiple_asset_fees_transfers_with_sendmany()
 
         self.transfer_asset_amount_including_fee()