diff --git a/src/Makefile.qt.include b/src/Makefile.qt.include
index f371a5b5aa..64872a11e8 100644
--- a/src/Makefile.qt.include
+++ b/src/Makefile.qt.include
@@ -43,8 +43,9 @@ QT_MOC_CPP = \
   qml/models/moc_options_model.cpp \
   qml/models/moc_peerlistsortproxy.cpp \
   qml/models/moc_walletlistmodel.cpp \
+  qml/models/moc_walletqmlmodel.cpp \
   qml/moc_appmode.cpp \
-  qml/moc_walletcontroller.cpp \
+  qml/moc_walletqmlcontroller.cpp \
   qt/moc_addressbookpage.cpp \
   qt/moc_addresstablemodel.cpp \
   qt/moc_askpassphrasedialog.cpp \
@@ -124,12 +125,13 @@ BITCOIN_QT_H = \
   qml/models/options_model.h \
   qml/models/peerlistsortproxy.h \
   qml/models/walletlistmodel.h \
+  qml/models/walletqmlmodel.h \
   qml/appmode.h \
   qml/bitcoin.h \
   qml/guiconstants.h \
   qml/imageprovider.h \
   qml/util.h \
-  qml/walletcontroller.h \
+  qml/walletqmlcontroller.h \
   qt/addressbookpage.h \
   qt/addresstablemodel.h \
   qt/askpassphrasedialog.h \
@@ -314,9 +316,10 @@ BITCOIN_QML_BASE_CPP = \
   qml/models/options_model.cpp \
   qml/models/peerlistsortproxy.cpp \
   qml/models/walletlistmodel.cpp \
+  qml/models/walletqmlmodel.cpp \
   qml/imageprovider.cpp \
   qml/util.cpp \
-  qml/walletcontroller.cpp
+  qml/walletqmlcontroller.cpp
 
 QML_RES_FONTS = \
   qml/res/fonts/Inter-Regular.otf \
diff --git a/src/qml/bitcoin.cpp b/src/qml/bitcoin.cpp
index 367512cbe1..6706b76186 100644
--- a/src/qml/bitcoin.cpp
+++ b/src/qml/bitcoin.cpp
@@ -27,9 +27,10 @@
 #include <qml/models/options_model.h>
 #include <qml/models/peerlistsortproxy.h>
 #include <qml/models/walletlistmodel.h>
+#include <qml/models/walletqmlmodel.h>
 #include <qml/imageprovider.h>
 #include <qml/util.h>
-#include <qml/walletcontroller.h>
+#include <qml/walletqmlcontroller.h>
 #include <qt/guiutil.h>
 #include <qt/initexecutor.h>
 #include <qt/networkstyle.h>
@@ -276,8 +277,17 @@ int QmlGuiMain(int argc, char* argv[])
     QObject::connect(&node_model, &NodeModel::setTimeRatioList, &chain_model, &ChainModel::setTimeRatioList);
     QObject::connect(&node_model, &NodeModel::setTimeRatioListInitial, &chain_model, &ChainModel::setTimeRatioListInitial);
 
+
+#ifdef ENABLE_WALLET
+    WalletQmlController wallet_controller(*node);
+    QObject::connect(&init_executor, &InitExecutor::initializeResult, &wallet_controller, &WalletQmlController::initialize);
+#endif
+
     qGuiApp->setQuitOnLastWindowClosed(false);
     QObject::connect(qGuiApp, &QGuiApplication::lastWindowClosed, [&] {
+#ifdef ENABLE_WALLET
+        wallet_controller.unloadWallets();
+#endif
         node->startShutdown();
     });
 
@@ -288,8 +298,6 @@ int QmlGuiMain(int argc, char* argv[])
     GUIUtil::LoadFont(":/fonts/inter/regular");
     GUIUtil::LoadFont(":/fonts/inter/semibold");
 
-    WalletController wallet_controller(*node);
-
     QQmlApplicationEngine engine;
 
     QScopedPointer<const NetworkStyle> network_style{NetworkStyle::instantiate(Params().GetChainType())};
@@ -316,6 +324,9 @@ int QmlGuiMain(int argc, char* argv[])
     qmlRegisterType<BlockClockDial>("org.bitcoincore.qt", 1, 0, "BlockClockDial");
     qmlRegisterType<LineGraph>("org.bitcoincore.qt", 1, 0, "LineGraph");
 
+    qmlRegisterUncreatableType<WalletQmlModel>("org.bitcoincore.qt", 1, 0, "WalletQmlModel",
+                                               "WalletQmlModel cannot be instantiated from QML");
+
     engine.load(QUrl(QStringLiteral("qrc:///qml/pages/main.qml")));
     if (engine.rootObjects().isEmpty()) {
         return EXIT_FAILURE;
diff --git a/src/qml/models/walletlistmodel.cpp b/src/qml/models/walletlistmodel.cpp
index ecf97b025a..9bc0f90eae 100644
--- a/src/qml/models/walletlistmodel.cpp
+++ b/src/qml/models/walletlistmodel.cpp
@@ -12,7 +12,6 @@ WalletListModel::WalletListModel(interfaces::Node& node, QObject *parent)
 : QAbstractListModel(parent)
 , m_node(node)
 {
-    setSelectedWallet("Singlesig Wallet");
 }
 
 void WalletListModel::listWalletDir()
@@ -32,19 +31,6 @@ void WalletListModel::listWalletDir()
     }
 }
 
-void WalletListModel::setSelectedWallet(QString wallet_name)
-{
-    if (m_selected_wallet != wallet_name) {
-        m_selected_wallet = wallet_name;
-        Q_EMIT selectedWalletChanged();
-    }
-}
-
-QString WalletListModel::selectedWallet() const
-{
-    return m_selected_wallet;
-}
-
 int WalletListModel::rowCount(const QModelIndex &parent) const
 {
     Q_UNUSED(parent);
diff --git a/src/qml/models/walletlistmodel.h b/src/qml/models/walletlistmodel.h
index ae1451b21a..c36cb2b4fc 100644
--- a/src/qml/models/walletlistmodel.h
+++ b/src/qml/models/walletlistmodel.h
@@ -16,7 +16,6 @@ class Node;
 class WalletListModel : public QAbstractListModel
 {
     Q_OBJECT
-    Q_PROPERTY(QString selectedWallet READ selectedWallet WRITE setSelectedWallet NOTIFY selectedWalletChanged)
 
 public:
     WalletListModel(interfaces::Node& node, QObject *parent = nullptr);
@@ -30,15 +29,9 @@ class WalletListModel : public QAbstractListModel
     QVariant data(const QModelIndex &index, int role = Qt::DisplayRole) const override;
     QHash<int, QByteArray> roleNames() const override;
 
-    void setSelectedWallet(QString wallet_name);
-    QString selectedWallet() const;
-
 public Q_SLOTS:
     void listWalletDir();
 
-Q_SIGNALS:
-    void selectedWalletChanged();
-
 private:
     struct Item {
         QString name;
@@ -48,8 +41,6 @@ public Q_SLOTS:
 
     QList<Item> m_items;
     interfaces::Node& m_node;
-    QString m_selected_wallet;
-
 };
 
 #endif // BITCOIN_QML_MODELS_WALLETLISTMODEL_H
diff --git a/src/qml/models/walletqmlmodel.cpp b/src/qml/models/walletqmlmodel.cpp
new file mode 100644
index 0000000000..324da2faaa
--- /dev/null
+++ b/src/qml/models/walletqmlmodel.cpp
@@ -0,0 +1,34 @@
+// Copyright (c) 2024 The Bitcoin Core developers
+// Distributed under the MIT software license, see the accompanying
+// file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+#include <qml/models/walletqmlmodel.h>
+
+#include <QTimer>
+
+WalletQmlModel::WalletQmlModel(std::unique_ptr<interfaces::Wallet> wallet, QObject *parent)
+    : QObject(parent)
+{
+    m_wallet = std::move(wallet);
+}
+
+WalletQmlModel::WalletQmlModel(QObject *parent)
+    : QObject(parent)
+{
+}
+
+qint64 WalletQmlModel::balance() const
+{
+    if (!m_wallet) {
+        return 0;
+    } 
+    return m_wallet->getBalances().balance;
+}
+
+QString WalletQmlModel::name() const
+{
+    if (!m_wallet) {
+        return QString();
+    }
+    return QString::fromStdString(m_wallet->getWalletName());
+}
diff --git a/src/qml/models/walletqmlmodel.h b/src/qml/models/walletqmlmodel.h
new file mode 100644
index 0000000000..5d93743549
--- /dev/null
+++ b/src/qml/models/walletqmlmodel.h
@@ -0,0 +1,34 @@
+// Copyright (c) 2024 The Bitcoin Core developers
+// Distributed under the MIT software license, see the accompanying
+// file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+#ifndef BITCOIN_QML_MODELS_WALLETQMLMODEL_H
+#define BITCOIN_QML_MODELS_WALLETQMLMODEL_H
+
+#include <interfaces/wallet.h>
+
+#include <QObject>
+
+class WalletQmlModel : public QObject
+{
+    Q_OBJECT
+    Q_PROPERTY(QString name READ name NOTIFY nameChanged)
+    Q_PROPERTY(qint64 balance READ balance NOTIFY balanceChanged)
+
+public:
+    WalletQmlModel(std::unique_ptr<interfaces::Wallet> wallet, QObject *parent = nullptr);
+    WalletQmlModel(QObject *parent = nullptr);
+    ~WalletQmlModel() = default;
+
+    QString name() const;
+    qint64 balance() const;
+
+Q_SIGNALS:
+    void nameChanged();
+    void balanceChanged();
+
+private:
+    std::unique_ptr<interfaces::Wallet> m_wallet;
+};
+
+#endif // BITCOIN_QML_MODELS_WALLETQMLMODEL_H
diff --git a/src/qml/pages/wallet/DesktopWallets.qml b/src/qml/pages/wallet/DesktopWallets.qml
index 59a7ac15e4..1e45d8d248 100644
--- a/src/qml/pages/wallet/DesktopWallets.qml
+++ b/src/qml/pages/wallet/DesktopWallets.qml
@@ -24,7 +24,8 @@ Page {
         leftItem: WalletBadge {
             implicitWidth: 154
             implicitHeight: 46
-            text: walletListModel.selectedWallet
+            text: walletController.selectedWallet.name
+            balance: walletController.selectedWallet.balance
 
             MouseArea {
                 anchors.fill: parent
diff --git a/src/qml/pages/wallet/WalletBadge.qml b/src/qml/pages/wallet/WalletBadge.qml
index fe28d58f47..0933ba26a7 100644
--- a/src/qml/pages/wallet/WalletBadge.qml
+++ b/src/qml/pages/wallet/WalletBadge.qml
@@ -85,6 +85,7 @@ Button {
     property string iconSource: ""
     property bool showBalance: true
     property bool showIcon: true
+    property int balance: 0
 
     checkable: true
     hoverEnabled: AppMode.isDesktop
@@ -126,7 +127,7 @@ Button {
             CoreText {
                 id: balanceText
                 visible: root.showBalance
-                text: formatSatoshis(12300)
+                text: formatSatoshis(root.balance)
                 color: Theme.color.neutral7
             }
         }
diff --git a/src/qml/pages/wallet/WalletSelect.qml b/src/qml/pages/wallet/WalletSelect.qml
index 9f226ad0b0..d4bd919b0e 100644
--- a/src/qml/pages/wallet/WalletSelect.qml
+++ b/src/qml/pages/wallet/WalletSelect.qml
@@ -77,11 +77,12 @@ Popup {
                 width: 220
                 height: 32
                 text: name
+                checked: walletController.selectedWallet.name == name
                 ButtonGroup.group: buttonGroup
                 showBalance: false
                 showIcon: false
                 onClicked: {
-                    walletListModel.selectedWallet = name
+                    walletController.setSelectedWallet(name)
                     root.close()
                 }
             }
diff --git a/src/qml/walletcontroller.cpp b/src/qml/walletcontroller.cpp
deleted file mode 100644
index 7726bf5187..0000000000
--- a/src/qml/walletcontroller.cpp
+++ /dev/null
@@ -1,25 +0,0 @@
-// Copyright (c) 2024 The Bitcoin Core developers
-// Distributed under the MIT software license, see the accompanying
-// file COPYING or http://www.opensource.org/licenses/mit-license.php.
-
-#include <qml/walletcontroller.h>
-
-#include <interfaces/wallet.h>
-#include <support/allocators/secure.h>
-#include <wallet/wallet.h>
-
-
-WalletController::WalletController(interfaces::Node& node)
-    : m_node(node)
-{
-}
-
-void WalletController::createSingleSigWallet(const QString& name, const QString& passphrase)
-{
-    uint64_t flags = 0;
-    std::vector<bilingual_str> warning_message;
-    SecureString secure_passphrase;
-    flags |= wallet::WALLET_FLAG_DESCRIPTORS;
-    secure_passphrase.assign(passphrase.toStdString());
-    m_node.walletLoader().createWallet(name.toStdString(), secure_passphrase, flags, warning_message);
-}
diff --git a/src/qml/walletcontroller.h b/src/qml/walletcontroller.h
deleted file mode 100644
index 9258895556..0000000000
--- a/src/qml/walletcontroller.h
+++ /dev/null
@@ -1,26 +0,0 @@
-// Copyright (c) 2024 The Bitcoin Core developers
-// Distributed under the MIT software license, see the accompanying
-// file COPYING or http://www.opensource.org/licenses/mit-license.php.
-
-#ifndef BITCOIN_QML_WALLETCONTROLLER_H
-#define BITCOIN_QML_WALLETCONTROLLER_H
-
-#include <interfaces/node.h>
-
-#include <QObject>
-#include <QString>
-
-class WalletController : public QObject
-{
-    Q_OBJECT
-
-public:
-    explicit WalletController(interfaces::Node& node);
-    Q_INVOKABLE void createSingleSigWallet(const QString& name, const QString& passphrase);
-
-private:
-    interfaces::Node& m_node;
-};
-
-
-#endif // BITCOIN_QML_WALLETCONTROLLER_H
diff --git a/src/qml/walletqmlcontroller.cpp b/src/qml/walletqmlcontroller.cpp
new file mode 100644
index 0000000000..fc25476580
--- /dev/null
+++ b/src/qml/walletqmlcontroller.cpp
@@ -0,0 +1,74 @@
+// Copyright (c) 2024 The Bitcoin Core developers
+// Distributed under the MIT software license, see the accompanying
+// file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+#include <qml/walletqmlcontroller.h>
+
+#include <interfaces/node.h>
+
+WalletQmlController::WalletQmlController(interfaces::Node& node, QObject *parent)
+    : QObject(parent)
+    , m_node(node)
+{
+    m_selected_wallet = new WalletQmlModel(parent);
+}
+
+WalletQmlController::~WalletQmlController()
+{
+    if (m_handler_load_wallet) {
+        m_handler_load_wallet->disconnect();
+    }
+}
+
+void WalletQmlController::setSelectedWallet(QString path)
+{
+    std::vector<bilingual_str>  warning_message;
+    auto wallet{m_node.walletLoader().loadWallet(path.toStdString(), warning_message)};
+    if (wallet.has_value()) {
+        m_selected_wallet = new WalletQmlModel(std::move(wallet.value()));
+        m_wallets.push_back(m_selected_wallet);
+        Q_EMIT selectedWalletChanged();
+    }
+}
+
+WalletQmlModel* WalletQmlController::selectedWallet() const
+{
+    return m_selected_wallet;
+}
+
+void WalletQmlController::unloadWallets()
+{
+    m_handler_load_wallet->disconnect();
+    for (WalletQmlModel* wallet : m_wallets) {
+        delete wallet;
+    }
+    m_wallets.clear();
+}
+
+void WalletQmlController::handleLoadWallet(std::unique_ptr<interfaces::Wallet> wallet)
+{
+    if (!m_wallets.empty()) {
+        QString name = QString::fromStdString(wallet->getWalletName());
+        for (WalletQmlModel* wallet_model : m_wallets) {
+            if (wallet_model->name() == name) {
+                return;
+            }
+        }
+    }
+
+    m_selected_wallet = new WalletQmlModel(std::move(wallet));
+    m_wallets.push_back(m_selected_wallet);
+    Q_EMIT selectedWalletChanged();
+}
+
+void WalletQmlController::initialize()
+{
+    m_handler_load_wallet = m_node.walletLoader().handleLoadWallet([this](std::unique_ptr<interfaces::Wallet> wallet) {
+        handleLoadWallet(std::move(wallet));
+    });
+
+    auto wallets = m_node.walletLoader().getWallets();
+    for (auto& wallet : wallets) {
+        handleLoadWallet(std::move(wallet));
+    }
+}
diff --git a/src/qml/walletqmlcontroller.h b/src/qml/walletqmlcontroller.h
new file mode 100644
index 0000000000..5dffb36f49
--- /dev/null
+++ b/src/qml/walletqmlcontroller.h
@@ -0,0 +1,45 @@
+// Copyright (c) 2024 The Bitcoin Core developers
+// Distributed under the MIT software license, see the accompanying
+// file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+#ifndef BITCOIN_QML_WALLETQMLCONTROLLER_H
+#define BITCOIN_QML_WALLETQMLCONTROLLER_H
+
+#include <qml/models/walletqmlmodel.h>
+#include <interfaces/handler.h>
+#include <interfaces/node.h>
+#include <interfaces/wallet.h>
+
+#include <QObject>
+#include <memory>
+
+class WalletQmlController : public QObject
+{
+    Q_OBJECT
+    Q_PROPERTY(WalletQmlModel* selectedWallet READ selectedWallet NOTIFY selectedWalletChanged)
+
+public:
+    explicit WalletQmlController(interfaces::Node& node, QObject *parent = nullptr);
+    ~WalletQmlController();
+
+    Q_INVOKABLE void setSelectedWallet(QString path);
+
+    WalletQmlModel* selectedWallet() const;
+    void unloadWallets();
+
+Q_SIGNALS:
+    void selectedWalletChanged();
+
+public Q_SLOTS:
+    void initialize();
+
+private:
+    void handleLoadWallet(std::unique_ptr<interfaces::Wallet> wallet);
+
+    interfaces::Node& m_node;
+    WalletQmlModel* m_selected_wallet;
+    std::vector<WalletQmlModel*> m_wallets;
+    std::unique_ptr<interfaces::Handler> m_handler_load_wallet;
+};
+
+#endif // BITCOIN_QML_WALLETQMLCONTROLLER_H