diff --git a/doc/release-notes/release-notes-0.19.11.md b/doc/release-notes/release-notes-0.19.11.md
--- a/doc/release-notes/release-notes-0.19.11.md
+++ b/doc/release-notes/release-notes-0.19.11.md
@@ -4,11 +4,12 @@
 
 This release includes the following features and fixes:
 
-Dynamic loading of wallets
---------------------------
+Dynamic loading and creation of wallets
+---------------------------------------
 
-Previously, wallets could only be loaded at startup, by specifying `-wallet` parameters on the command line or in the bitcoin.conf file. It is now possible to load wallets dynamically at runtime by calling the `loadwallet` RPC.
+Previously, wallets could only be loaded or created at startup, by specifying `-wallet` parameters on the command line or in the bitcoin.conf file. It is now possible to load and create wallets dynamically at runtime:
 
-The wallet can be specified as file/directory basename (which must be located in the `walletdir` directory), or as an absolute path to a file/directory.
+- Existing wallets can be loaded by calling the `loadwallet` RPC. The wallet can be specified as file/directory basename (which must be located in the `walletdir` directory), or as an absolute path to a file/directory.
+- New wallets can be created (and loaded) by calling the `createwallet` RPC. The provided name must not match a wallet file in the `walletdir` directory or the name of a wallet that is currently loaded.
 
-This feature is currently only available through the RPC interface. Wallets loaded in this way will not display in the bitcoin-qt GUI.
+This feature is currently only available through the RPC interface.
diff --git a/src/wallet/rpcwallet.cpp b/src/wallet/rpcwallet.cpp
--- a/src/wallet/rpcwallet.cpp
+++ b/src/wallet/rpcwallet.cpp
@@ -3409,38 +3409,49 @@
     return obj;
 }
 
-UniValue createwallet(const JSONRPCRequest& request)
-{
-    if (request.fHelp || request.params.size() != 1)
+UniValue createwallet(const Config &config, const JSONRPCRequest &request) {
+    if (request.fHelp || request.params.size() != 1) {
         throw std::runtime_error(
             "createwallet \"wallet_name\"\n"
             "\nCreates and loads a new wallet.\n"
             "\nArguments:\n"
-            "1. \"wallet_name\"    (string, required) The name for the new wallet.\n"
+            "1. \"wallet_name\"    (string, required) The name for the new "
+            "wallet. If this is a path, the wallet will be created at the path "
+            "location.\n"
             "\nResult:\n"
             "{\n"
-            "  \"name\" :    <wallet_name>,        (string) The wallet name if created successfully.\n"
-            "  \"warning\" : <warning>,            (string) Warning message if wallet was not loaded cleanly.\n"
+            "  \"name\" :    <wallet_name>,        (string) The wallet name if "
+            "created successfully. If the wallet was created using a full "
+            "path, the wallet_name will be the full path.\n"
+            "  \"warning\" : <warning>,            (string) Warning message if "
+            "wallet was not loaded cleanly.\n"
             "}\n"
-            "\nExamples:\n"
-            + HelpExampleCli("createwallet", "\"test.dat\"")
-            + HelpExampleRpc("createwallet", "\"test.dat\"")
-        );
+            "\nExamples:\n" +
+            HelpExampleCli("createwallet", "\"testwallet\"") +
+            HelpExampleRpc("createwallet", "\"testwallet\""));
+    }
+
+    const CChainParams &chainParams = config.GetChainParams();
+
     std::string wallet_name = request.params[0].get_str();
     std::string error;
     std::string warning;
 
     fs::path wallet_path = fs::absolute(wallet_name, GetWalletDir());
     if (fs::symlink_status(wallet_path).type() != fs::file_not_found) {
-        throw JSONRPCError(RPC_WALLET_ERROR, "Wallet " + wallet_name + " already exists.");
+        throw JSONRPCError(RPC_WALLET_ERROR,
+                           "Wallet " + wallet_name + " already exists.");
     }
 
-    // Wallet::Verify will check if we're trying to create a wallet with a duplication name.
-    if (!CWallet::Verify(wallet_name, false, error, warning)) {
-        throw JSONRPCError(RPC_WALLET_ERROR, "Wallet file verification failed: " + error);
+    // Wallet::Verify will check if we're trying to create a wallet with a
+    // duplication name.
+    if (!CWallet::Verify(chainParams, wallet_name, false, error, warning)) {
+        throw JSONRPCError(RPC_WALLET_ERROR,
+                           "Wallet file verification failed: " + error);
     }
 
-    std::shared_ptr<CWallet> const wallet = CWallet::CreateWalletFromFile(wallet_name, fs::absolute(wallet_name, GetWalletDir()));
+    std::shared_ptr<CWallet> const wallet = CWallet::CreateWalletFromFile(
+        chainParams, wallet_name, fs::absolute(wallet_name, GetWalletDir()));
     if (!wallet) {
         throw JSONRPCError(RPC_WALLET_ERROR, "Wallet creation failed.");
     }
@@ -4507,7 +4518,7 @@
     { "wallet",             "abandontransaction",           abandontransaction,           {"txid"} },
     { "wallet",             "addmultisigaddress",           addmultisigaddress,           {"nrequired","keys","label|account"} },
     { "wallet",             "backupwallet",                 backupwallet,                 {"destination"} },
-    { "wallet",             "createwallet",                 createwallet,                 {"filename"} },
+    { "wallet",             "createwallet",                 createwallet,                 {"wallet_name"} },
     { "wallet",             "encryptwallet",                encryptwallet,                {"passphrase"} },
     { "wallet",             "getaccountaddress",            getlabeladdress,              {"account"} },
     { "wallet",             "getlabeladdress",              getlabeladdress,              {"label"} },