diff --git a/.github/CODEOWNERS b/.github/CODEOWNERS
index 59fb52d8e9..5ed040034b 100644
--- a/.github/CODEOWNERS
+++ b/.github/CODEOWNERS
@@ -140,6 +140,7 @@
 /packages/wallet/src/initialization/instances/approval-controller/ @MetaMask/confirmations
 /packages/wallet/src/initialization/instances/connectivity-controller/ @MetaMask/core-platform
 /packages/wallet/src/initialization/instances/keyring-controller/ @MetaMask/accounts-engineers @MetaMask/core-platform
+/packages/wallet/src/initialization/instances/preferences-controller/ @MetaMask/core-platform
 /packages/wallet/src/initialization/instances/remote-feature-flag-controller/ @MetaMask/extension-platform @MetaMask/mobile-platform @MetaMask/core-platform
 /packages/wallet/src/initialization/instances/storage-service/ @MetaMask/extension-platform @MetaMask/mobile-platform @MetaMask/core-platform
 
diff --git a/README.md b/README.md
index bf2f4335a3..2f3416849f 100644
--- a/README.md
+++ b/README.md
@@ -614,6 +614,7 @@ linkStyle default opacity:0.5
   wallet --> controller_utils;
   wallet --> keyring_controller;
   wallet --> messenger;
+  wallet --> preferences_controller;
   wallet --> remote_feature_flag_controller;
   wallet --> storage_service;
   wallet_cli --> base_controller;
diff --git a/packages/wallet/CHANGELOG.md b/packages/wallet/CHANGELOG.md
index 395e3257b5..a9a224e9df 100644
--- a/packages/wallet/CHANGELOG.md
+++ b/packages/wallet/CHANGELOG.md
@@ -7,6 +7,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+### Added
+
+- **BREAKING:** Wire `PreferencesController` into the default wallet initialization ([#9232](https://github.com/MetaMask/core/pull/9232))
+  - The default `Wallet` now constructs a `PreferencesController` and registers its `PreferencesController:*` messenger actions. Consumers that pass their own `messenger` and already wire a `PreferencesController` must remove their own before upgrading, or the duplicate registration will collide.
+- Export the `InitializationConfiguration`, `InitFunctionArguments`, and `InstanceState` types so consumers can author initialization configurations that override a default controller ([#9232](https://github.com/MetaMask/core/pull/9232))
+
 ### Changed
 
 - Bump `@metamask/accounts-controller` from `^39.0.2` to `^39.0.3` ([#9231](https://github.com/MetaMask/core/pull/9231))
diff --git a/packages/wallet/package.json b/packages/wallet/package.json
index a60081b716..fce703bf49 100644
--- a/packages/wallet/package.json
+++ b/packages/wallet/package.json
@@ -61,6 +61,7 @@
     "@metamask/controller-utils": "^12.3.0",
     "@metamask/keyring-controller": "^27.1.0",
     "@metamask/messenger": "^1.2.0",
+    "@metamask/preferences-controller": "^23.1.0",
     "@metamask/remote-feature-flag-controller": "^4.2.2",
     "@metamask/scure-bip39": "^2.1.1",
     "@metamask/storage-service": "^1.0.2",
diff --git a/packages/wallet/src/Wallet.test.ts b/packages/wallet/src/Wallet.test.ts
index a89602c3fc..697870dcfc 100644
--- a/packages/wallet/src/Wallet.test.ts
+++ b/packages/wallet/src/Wallet.test.ts
@@ -1,5 +1,6 @@
 import { CONNECTIVITY_STATUSES } from '@metamask/connectivity-controller';
 import { Messenger } from '@metamask/messenger';
+import { getDefaultPreferencesState } from '@metamask/preferences-controller';
 import { InMemoryStorageAdapter } from '@metamask/storage-service';
 import { Json } from '@metamask/utils';
 import { webcrypto } from 'crypto';
@@ -321,6 +322,98 @@ describe('Wallet', () => {
     });
   });
 
+  describe('PreferencesController', () => {
+    it('is wired and exposes its state on the wallet messenger', async () => {
+      const wallet = await setupWallet();
+      const { messenger } = wallet;
+
+      expect(messenger.call('PreferencesController:getState')).toStrictEqual(
+        getDefaultPreferencesState(),
+      );
+    });
+
+    it('applies initial state passed through the Wallet constructor', () => {
+      const wallet = new Wallet({
+        state: {
+          PreferencesController: { privacyMode: true },
+        },
+        instanceOptions: {
+          connectivityController: {
+            connectivityAdapter: new AlwaysOnlineAdapter(),
+          },
+          storageService: {
+            storage: new InMemoryStorageAdapter(),
+          },
+          remoteFeatureFlagController: REMOTE_FEATURE_FLAG_OPTIONS,
+        },
+      });
+
+      expect(wallet.state.PreferencesController.privacyMode).toBe(true);
+    });
+
+    it('routes its method actions through the wallet messenger', async () => {
+      const wallet = await setupWallet();
+      const { messenger } = wallet;
+
+      messenger.call(
+        'PreferencesController:setIpfsGateway',
+        'https://example.com/ipfs/',
+      );
+
+      expect(wallet.state.PreferencesController.ipfsGateway).toBe(
+        'https://example.com/ipfs/',
+      );
+    });
+
+    it('lets a consumer override the default with a diverging superset controller', () => {
+      // A client (e.g. the extension) whose local PreferencesController is a
+      // superset of the package one can keep it by supplying its own
+      // `PreferencesController` initialization configuration. The same `name`
+      // overrides the package default, so the wallet constructs the superset
+      // instead of the package controller — no convergence required.
+      class SupersetPreferencesController {
+        state = {
+          ipfsGateway: 'https://superset.example/ipfs/',
+          currentLocale: 'en',
+          preferences: { showTestNetworks: true },
+        };
+      }
+
+      const wallet = new Wallet({
+        initializationConfigurations: [
+          {
+            name: 'PreferencesController',
+            getMessenger: (): Messenger<string> =>
+              new Messenger({ namespace: 'PreferencesController' }),
+            init: (): SupersetPreferencesController =>
+              new SupersetPreferencesController(),
+          },
+        ],
+        instanceOptions: {
+          connectivityController: {
+            connectivityAdapter: new AlwaysOnlineAdapter(),
+          },
+          storageService: {
+            storage: new InMemoryStorageAdapter(),
+          },
+          remoteFeatureFlagController: REMOTE_FEATURE_FLAG_OPTIONS,
+        },
+      });
+
+      expect(wallet.getInstance('PreferencesController')).toBeInstanceOf(
+        SupersetPreferencesController,
+      );
+      // The superset's shape — including fields absent from the package
+      // controller (`currentLocale`, nested `preferences`) — is what the wallet
+      // exposes, not the package defaults.
+      expect(wallet.state.PreferencesController).toStrictEqual({
+        ipfsGateway: 'https://superset.example/ipfs/',
+        currentLocale: 'en',
+        preferences: { showTestNetworks: true },
+      });
+    });
+  });
+
   describe('StorageService', () => {
     it('can set and get items', async () => {
       const wallet = await setupWallet();
diff --git a/packages/wallet/src/index.ts b/packages/wallet/src/index.ts
index 337ad6ed7f..c6939ed9f3 100644
--- a/packages/wallet/src/index.ts
+++ b/packages/wallet/src/index.ts
@@ -9,3 +9,8 @@ export type {
   DefaultState,
   RootMessenger,
 } from './initialization/defaults';
+export type {
+  InitFunctionArguments,
+  InitializationConfiguration,
+  InstanceState,
+} from './initialization/types';
diff --git a/packages/wallet/src/initialization/instances/index.ts b/packages/wallet/src/initialization/instances/index.ts
index bed6e52b26..5908981b3b 100644
--- a/packages/wallet/src/initialization/instances/index.ts
+++ b/packages/wallet/src/initialization/instances/index.ts
@@ -2,5 +2,6 @@ export { accountsController } from './accounts-controller/accounts-controller';
 export { approvalController } from './approval-controller/approval-controller';
 export { connectivityController } from './connectivity-controller/connectivity-controller';
 export { keyringController } from './keyring-controller/keyring-controller';
+export { preferencesController } from './preferences-controller/preferences-controller';
 export { remoteFeatureFlagController } from './remote-feature-flag-controller/remote-feature-flag-controller';
 export { storageService } from './storage-service/storage-service';
diff --git a/packages/wallet/src/initialization/instances/preferences-controller/preferences-controller.test.ts b/packages/wallet/src/initialization/instances/preferences-controller/preferences-controller.test.ts
new file mode 100644
index 0000000000..3cd5a76ff1
--- /dev/null
+++ b/packages/wallet/src/initialization/instances/preferences-controller/preferences-controller.test.ts
@@ -0,0 +1,88 @@
+import { Messenger } from '@metamask/messenger';
+import {
+  PreferencesController,
+  getDefaultPreferencesState,
+} from '@metamask/preferences-controller';
+
+import { defaultConfigurations } from '../../defaults';
+import type {
+  DefaultActions,
+  DefaultEvents,
+  RootMessenger,
+} from '../../defaults';
+import { preferencesController } from './preferences-controller';
+
+/**
+ * Creates a root messenger for use in tests.
+ *
+ * @returns A root messenger.
+ */
+function getRootMessenger(): RootMessenger<DefaultActions, DefaultEvents> {
+  return new Messenger({ namespace: 'Root' });
+}
+
+describe('preferencesController', () => {
+  it('is registered as a default initialization configuration', () => {
+    expect(Object.values(defaultConfigurations)).toContain(
+      preferencesController,
+    );
+  });
+
+  it('initializes a PreferencesController with default state', () => {
+    const messenger = preferencesController.getMessenger(getRootMessenger());
+
+    const instance = preferencesController.init({
+      state: undefined,
+      messenger,
+      options: {},
+    });
+
+    expect(instance).toBeInstanceOf(PreferencesController);
+    expect(instance.state).toStrictEqual(getDefaultPreferencesState());
+  });
+
+  it('merges provided state over the defaults', () => {
+    const messenger = preferencesController.getMessenger(getRootMessenger());
+
+    const instance = preferencesController.init({
+      state: { ipfsGateway: 'https://example.com/ipfs/', privacyMode: true },
+      messenger,
+      options: {},
+    });
+
+    expect(instance.state.ipfsGateway).toBe('https://example.com/ipfs/');
+    expect(instance.state.privacyMode).toBe(true);
+    expect(instance.state.useTokenDetection).toBe(
+      getDefaultPreferencesState().useTokenDetection,
+    );
+  });
+
+  it('exposes its state through the root messenger', () => {
+    const rootMessenger = getRootMessenger();
+    const messenger = preferencesController.getMessenger(rootMessenger);
+
+    preferencesController.init({ state: undefined, messenger, options: {} });
+
+    expect(rootMessenger.call('PreferencesController:getState')).toStrictEqual(
+      getDefaultPreferencesState(),
+    );
+  });
+
+  it('registers its method actions on the root messenger', () => {
+    const rootMessenger = getRootMessenger();
+    const messenger = preferencesController.getMessenger(rootMessenger);
+
+    const instance = preferencesController.init({
+      state: undefined,
+      messenger,
+      options: {},
+    });
+
+    rootMessenger.call(
+      'PreferencesController:setIpfsGateway',
+      'https://x/ipfs/',
+    );
+
+    expect(instance.state.ipfsGateway).toBe('https://x/ipfs/');
+  });
+});
diff --git a/packages/wallet/src/initialization/instances/preferences-controller/preferences-controller.ts b/packages/wallet/src/initialization/instances/preferences-controller/preferences-controller.ts
new file mode 100644
index 0000000000..e56dc99ce1
--- /dev/null
+++ b/packages/wallet/src/initialization/instances/preferences-controller/preferences-controller.ts
@@ -0,0 +1,24 @@
+import { Messenger } from '@metamask/messenger';
+import {
+  PreferencesController,
+  PreferencesControllerMessenger,
+} from '@metamask/preferences-controller';
+
+import type { InitializationConfiguration } from '../../types';
+
+export const preferencesController: InitializationConfiguration<
+  PreferencesController,
+  PreferencesControllerMessenger
+> = {
+  name: 'PreferencesController',
+  init: ({ state, messenger }) =>
+    new PreferencesController({
+      state,
+      messenger,
+    }),
+  getMessenger: (parent) =>
+    new Messenger({
+      namespace: 'PreferencesController',
+      parent,
+    }),
+};
diff --git a/packages/wallet/tsconfig.build.json b/packages/wallet/tsconfig.build.json
index 317fe28aac..1b60c8333e 100644
--- a/packages/wallet/tsconfig.build.json
+++ b/packages/wallet/tsconfig.build.json
@@ -13,6 +13,7 @@
     { "path": "../controller-utils/tsconfig.build.json" },
     { "path": "../keyring-controller/tsconfig.build.json" },
     { "path": "../messenger/tsconfig.build.json" },
+    { "path": "../preferences-controller/tsconfig.build.json" },
     { "path": "../remote-feature-flag-controller/tsconfig.build.json" },
     { "path": "../storage-service/tsconfig.build.json" }
   ],
diff --git a/packages/wallet/tsconfig.json b/packages/wallet/tsconfig.json
index abbd559b3e..5660908fe9 100644
--- a/packages/wallet/tsconfig.json
+++ b/packages/wallet/tsconfig.json
@@ -11,6 +11,7 @@
     { "path": "../controller-utils/tsconfig.json" },
     { "path": "../keyring-controller/tsconfig.json" },
     { "path": "../messenger/tsconfig.json" },
+    { "path": "../preferences-controller/tsconfig.json" },
     { "path": "../remote-feature-flag-controller/tsconfig.json" },
     { "path": "../storage-service/tsconfig.json" }
   ],
diff --git a/yarn.lock b/yarn.lock
index 9fc2eab3c2..4c8bd7576f 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8938,6 +8938,7 @@ __metadata:
     "@metamask/controller-utils": "npm:^12.3.0"
     "@metamask/keyring-controller": "npm:^27.1.0"
     "@metamask/messenger": "npm:^1.2.0"
+    "@metamask/preferences-controller": "npm:^23.1.0"
     "@metamask/remote-feature-flag-controller": "npm:^4.2.2"
     "@metamask/scure-bip39": "npm:^2.1.1"
     "@metamask/storage-service": "npm:^1.0.2"