diff --git a/packages/block-editor/src/components/rich-text/use-format-types.js b/packages/block-editor/src/components/rich-text/use-format-types.js
index e341c1ee434b9f..ff76cc59dd58d3 100644
--- a/packages/block-editor/src/components/rich-text/use-format-types.js
+++ b/packages/block-editor/src/components/rich-text/use-format-types.js
@@ -1,12 +1,13 @@
 /**
- * WordPress dependencies
+ * External dependencies
  */
-import { useMemo } from '@wordpress/element';
-import { useSelect, useDispatch } from '@wordpress/data';
+import { mapKeys } from 'lodash';
 
 /**
- * Internal dependencies
+ * WordPress dependencies
  */
+import { useMemo } from '@wordpress/element';
+import { useSelect, useDispatch } from '@wordpress/data';
 import { store as richTextStore } from '@wordpress/rich-text';
 
 function formatTypesSelector( select ) {
@@ -32,6 +33,21 @@ const interactiveContentTags = new Set( [
 	'video',
 ] );
 
+function prefixSelectKeys( selected, prefix ) {
+	if ( typeof selected !== 'object' ) return { [ prefix ]: selected };
+	return mapKeys( selected, ( value, key ) => `${ prefix }.${ key }` );
+}
+
+function getPrefixedSelectKeys( selected, prefix ) {
+	if ( selected[ prefix ] ) return selected[ prefix ];
+	return Object.keys( selected )
+		.filter( ( key ) => key.startsWith( prefix + '.' ) )
+		.reduce( ( accumulator, key ) => {
+			accumulator[ key.slice( prefix.length + 1 ) ] = selected[ key ];
+			return accumulator;
+		}, {} );
+}
+
 /**
  * This hook provides RichText with the `formatTypes` and its derived props from
  * experimental format type settings.
@@ -68,18 +84,23 @@ export function useFormatTypes( {
 	const keyedSelected = useSelect(
 		( select ) =>
 			formatTypes.reduce( ( accumulator, type ) => {
-				if ( type.__experimentalGetPropsForEditableTreePreparation ) {
-					accumulator[ type.name ] =
+				if ( ! type.__experimentalGetPropsForEditableTreePreparation ) {
+					return accumulator;
+				}
+
+				return {
+					...accumulator,
+					...prefixSelectKeys(
 						type.__experimentalGetPropsForEditableTreePreparation(
 							select,
 							{
 								richTextIdentifier: identifier,
 								blockClientId: clientId,
 							}
-						);
-				}
-
-				return accumulator;
+						),
+						type.name
+					),
+				};
 			}, {} ),
 		[ formatTypes, clientId, identifier ]
 	);
@@ -89,11 +110,14 @@ export function useFormatTypes( {
 	const changeHandlers = [];
 	const dependencies = [];
 
+	for ( const key in keyedSelected ) {
+		dependencies.push( keyedSelected[ key ] );
+	}
+
 	formatTypes.forEach( ( type ) => {
 		if ( type.__experimentalCreatePrepareEditableTree ) {
-			const selected = keyedSelected[ type.name ];
 			const handler = type.__experimentalCreatePrepareEditableTree(
-				selected,
+				getPrefixedSelectKeys( keyedSelected, type.name ),
 				{
 					richTextIdentifier: identifier,
 					blockClientId: clientId,
@@ -105,10 +129,6 @@ export function useFormatTypes( {
 			} else {
 				prepareHandlers.push( handler );
 			}
-
-			for ( const key in selected ) {
-				dependencies.push( selected[ key ] );
-			}
 		}
 
 		if ( type.__experimentalCreateOnChangeEditableValue ) {
@@ -125,10 +145,11 @@ export function useFormatTypes( {
 					);
 			}
 
+			const selected = getPrefixedSelectKeys( keyedSelected, type.name );
 			changeHandlers.push(
 				type.__experimentalCreateOnChangeEditableValue(
 					{
-						...( keyedSelected[ type.name ] || {} ),
+						...( typeof selected === 'object' ? selected : {} ),
 						...dispatchers,
 					},
 					{