diff --git a/pycardano/key.py b/pycardano/key.py
index 78b9d8be..66f72e3e 100644
--- a/pycardano/key.py
+++ b/pycardano/key.py
@@ -194,8 +194,10 @@ def from_hdwallet(cls, hdwallet: HDWallet) -> ExtendedSigningKey:
                 "The hdwallet doesn't contain extended private key or chain code info."
             )
 
-        return ExtendedSigningKey(
+        return cls(
             payload=hdwallet.xprivate_key + hdwallet.public_key + hdwallet.chain_code,
+            key_type="PaymentExtendedSigningKeyShelley_ed25519_bip32",
+            description="Payment Signing Key",
         )
 
 
diff --git a/test/pycardano/crypto/test_bip32.py b/test/pycardano/crypto/test_bip32.py
index 391be339..0559bedf 100644
--- a/test/pycardano/crypto/test_bip32.py
+++ b/test/pycardano/crypto/test_bip32.py
@@ -2,7 +2,7 @@
 
 from pycardano.address import Address, PointerAddress
 from pycardano.crypto.bip32 import HDWallet
-from pycardano.key import PaymentVerificationKey
+from pycardano.key import ExtendedSigningKey, PaymentVerificationKey
 from pycardano.network import Network
 
 # Tests copied from: https://github.com/Emurgo/cardano-serialization-lib/blob/master/rust/src/address.rs
@@ -284,6 +284,31 @@ def test_payment_address_24_base():
     )
 
 
+def test_payment_address_24_base_2():
+    hdwallet = HDWallet.from_mnemonic(MNEMONIC_24)
+    hdwallet_spend = hdwallet.derive_from_path("m/1852'/1815'/0'/0/0")
+    spend_extended_sk = ExtendedSigningKey.from_hdwallet(hdwallet_spend)
+    spend_extended_vk = spend_extended_sk.to_verification_key()
+
+    hdwallet_stake = hdwallet.derive_from_path("m/1852'/1815'/0'/2/0")
+    stake_extended_sk = ExtendedSigningKey.from_hdwallet(hdwallet_stake)
+    stake_extended_vk = stake_extended_sk.to_verification_key()
+
+    assert (
+        Address(
+            spend_extended_vk.hash(), stake_extended_vk.hash(), network=Network.TESTNET
+        ).encode()
+        == "addr_test1qqy6nhfyks7wdu3dudslys37v252w2nwhv0fw2nfawemmn8k8ttq8f3gag0h89aepvx3xf69g0l9pf80tqv7cve0l33sw96paj"
+    )
+
+    assert (
+        Address(
+            spend_extended_vk.hash(), stake_extended_vk.hash(), network=Network.MAINNET
+        ).encode()
+        == "addr1qyy6nhfyks7wdu3dudslys37v252w2nwhv0fw2nfawemmn8k8ttq8f3gag0h89aepvx3xf69g0l9pf80tqv7cve0l33sdn8p3d"
+    )
+
+
 def test_payment_address_24_enterprise():
     hdwallet = HDWallet.from_mnemonic(MNEMONIC_24)
     hdwallet_spend = hdwallet.derive_from_path("m/1852'/1815'/0'/0/0")