diff --git a/programs/create-genesis/genesis_create.cpp b/programs/create-genesis/genesis_create.cpp
index 7fb9f38c09e..182b19220b9 100644
--- a/programs/create-genesis/genesis_create.cpp
+++ b/programs/create-genesis/genesis_create.cpp
@@ -319,8 +319,6 @@ struct genesis_create::genesis_create_impl final {
             const auto& owner  = store_permission(name, config::owner_name, 0, own, usage_id++);
             const auto& active = store_permission(name, config::active_name, owner.id, act, usage_id++);
             const auto& posting= store_permission(name, posting_auth_name, active.id, post, usage_id++);
-
-            // TODO: do we need memo key ? #651
         }
 
         // link posting permission with gls.publish and gls.social
@@ -1060,6 +1058,21 @@ struct genesis_create::genesis_create_impl final {
         ilog("Done.");
     }
 
+    void store_memo_keys() {
+        ilog("Creating memo keys...");
+        const auto& accs = _visitor.accounts;
+        db.start_section(_info.golos.names.memo, N(memo), "memo_key", accs.size());
+        for (const auto& ac : accs) {
+            const auto& a = ac.second;
+            const auto n = name_by_acc(a.name);
+            db.insert(n.value, n, mvo
+                ("name", n)
+                ("key", public_key_type{pubkey_string(a.memo_key)})
+            );
+        }
+        ilog("Done.");
+    }
+
     void prepare_writer(const bfs::path& out_file) {
         const int n_sections = static_cast<int>(stored_contract_tables::_max) + _info.tables.size();
         db.start(out_file, n_sections);
@@ -1097,6 +1110,7 @@ void genesis_create::write_genesis(
     _impl->store_delegation_records();
     _impl->store_withdrawals();
     _impl->store_witnesses();
+    _impl->store_memo_keys();
 
     _impl->db.finalize();
 
diff --git a/programs/create-genesis/genesis_info.hpp b/programs/create-genesis/genesis_info.hpp
index 2c6496c2f44..16f0dd29945 100644
--- a/programs/create-genesis/genesis_info.hpp
+++ b/programs/create-genesis/genesis_info.hpp
@@ -136,6 +136,7 @@ struct genesis_info {
             account_name posting;
             account_name social;
             account_name charge;
+            account_name memo;
         } names;
 
         struct recovery_params {
@@ -178,7 +179,8 @@ FC_REFLECT(cyberway::genesis::genesis_info::account, (name)(update)(permissions)
 FC_REFLECT(cyberway::genesis::genesis_info::auth_link, (permission)(links))
 FC_REFLECT(cyberway::genesis::genesis_info::table::row, (scope)(payer)(pk)(data))
 FC_REFLECT(cyberway::genesis::genesis_info::table, (code)(table)(abi_type)(rows))
-FC_REFLECT(cyberway::genesis::genesis_info::golos_config::golos_names, (issuer)(control)(vesting)(posting)(social)(charge))
+FC_REFLECT(cyberway::genesis::genesis_info::golos_config::golos_names,
+    (issuer)(control)(vesting)(posting)(social)(charge)(memo))
 FC_REFLECT(cyberway::genesis::genesis_info::golos_config::recovery_params, (wait_days))
 FC_REFLECT(cyberway::genesis::genesis_info::golos_config::posts_trx_params, (expiration_hours)(initial_from))
 FC_REFLECT(cyberway::genesis::genesis_info::golos_config, (domain)(names)(recovery)(max_supply)(sys_max_supply)(posts_trx))
diff --git a/programs/create-genesis/serializer.hpp b/programs/create-genesis/serializer.hpp
index 50b86e6451d..fbdb39d0c0c 100644
--- a/programs/create-genesis/serializer.hpp
+++ b/programs/create-genesis/serializer.hpp
@@ -39,6 +39,7 @@ enum class stored_contract_tables: int {
     stake_agents,   stake_cands,
     stake_grants,
     stake_stats,    stake_params,
+    memo_key,
 
     _max                // to simplify setting tables_count of genesis container
 };