diff --git a/x/marker/types/send_restrictions.go b/x/marker/types/send_restrictions.go
index a7709a8ded..92e9e3fa09 100644
--- a/x/marker/types/send_restrictions.go
+++ b/x/marker/types/send_restrictions.go
@@ -2,7 +2,10 @@ package types
 
 import sdk "github.com/cosmos/cosmos-sdk/types"
 
-var bypassKey = "bypass-marker-restriction"
+var (
+	bypassKey        = "bypass-marker-restriction"
+	transferAgentKey = "marker-transfer-agent"
+)
 
 // WithBypass returns a new context that will cause the marker bank send restriction to be skipped.
 func WithBypass(ctx sdk.Context) sdk.Context {
@@ -23,3 +26,23 @@ func HasBypass(ctx sdk.Context) bool {
 	bypass, isBool := bypassValue.(bool)
 	return isBool && bypass
 }
+
+// WithTransferAgent returns a new context that contains the provided marker transfer agent.
+func WithTransferAgent(ctx sdk.Context, transferAgent sdk.AccAddress) sdk.Context {
+	return ctx.WithValue(transferAgentKey, transferAgent)
+}
+
+// WithoutTransferAgent returns a new context with a nil marker transfer agent.
+func WithoutTransferAgent(ctx sdk.Context) sdk.Context {
+	return ctx.WithValue(transferAgentKey, sdk.AccAddress(nil))
+}
+
+// GetTransferAgent gets the marker transfer agent from the provided context.
+func GetTransferAgent(ctx sdk.Context) sdk.AccAddress {
+	val := ctx.Value(transferAgentKey)
+	if val == nil {
+		return nil
+	}
+	rv, _ := val.(sdk.AccAddress)
+	return rv
+}
diff --git a/x/marker/types/send_restrictions_test.go b/x/marker/types/send_restrictions_test.go
index f2be345f59..465d53c75a 100644
--- a/x/marker/types/send_restrictions_test.go
+++ b/x/marker/types/send_restrictions_test.go
@@ -9,7 +9,54 @@ import (
 	tmproto "github.com/tendermint/tendermint/proto/tendermint/types"
 )
 
-func TestSendRestrictionContextFuncs(t *testing.T) {
+func TestKeysContainModuleName(t *testing.T) {
+	assert.Contains(t, bypassKey, ModuleName, "bypassKey")
+	assert.Contains(t, transferAgentKey, ModuleName, "transferAgentKey")
+}
+
+func TestContextCombos(t *testing.T) {
+	newCtx := func() sdk.Context {
+		return sdk.NewContext(nil, tmproto.Header{}, false, nil)
+	}
+
+	tests := []struct {
+		name      string
+		ctx       sdk.Context
+		expBypass bool
+		expTA     sdk.AccAddress
+	}{
+		{
+			name:      "with transfer agent on with bypass",
+			ctx:       WithTransferAgent(WithBypass(newCtx()), sdk.AccAddress("some_transfer_agent_")),
+			expBypass: true,
+			expTA:     sdk.AccAddress("some_transfer_agent_"),
+		},
+		{
+			name:      "with bypass on with transfer agent",
+			ctx:       WithBypass(WithTransferAgent(newCtx(), sdk.AccAddress("other_transfer_agent"))),
+			expBypass: true,
+			expTA:     sdk.AccAddress("other_transfer_agent"),
+		},
+		{
+			name:      "without either on with transfer agent and bypass",
+			ctx:       WithoutBypass(WithoutTransferAgent(WithBypass(WithTransferAgent(newCtx(), sdk.AccAddress("bad_transfer_agent__"))))),
+			expBypass: false,
+			expTA:     nil,
+		},
+	}
+
+	for _, tc := range tests {
+		t.Run(tc.name, func(t *testing.T) {
+			actBypass := HasBypass(tc.ctx)
+			actTA := GetTransferAgent(tc.ctx)
+
+			assert.Equal(t, tc.expBypass, actBypass, "HasBypass")
+			assert.Equal(t, tc.expTA, actTA, "GetTransferAgent")
+		})
+	}
+}
+
+func TestBypassFuncs(t *testing.T) {
 	tests := []struct {
 		name string
 		ctx  sdk.Context
@@ -42,7 +89,7 @@ func TestSendRestrictionContextFuncs(t *testing.T) {
 		},
 		{
 			name: "context without bypass on one that originally had it",
-			ctx:  WithoutBypass(WithoutBypass(sdk.NewContext(nil, tmproto.Header{}, false, nil))),
+			ctx:  WithoutBypass(WithBypass(sdk.NewContext(nil, tmproto.Header{}, false, nil))),
 			exp:  false,
 		},
 		{
@@ -60,7 +107,7 @@ func TestSendRestrictionContextFuncs(t *testing.T) {
 	}
 }
 
-func TestContextFuncsDoNotModifyProvided(t *testing.T) {
+func TestBypassFuncsDoNotModifyProvided(t *testing.T) {
 	origCtx := sdk.NewContext(nil, tmproto.Header{}, false, nil)
 	assert.False(t, HasBypass(origCtx), "HasBypass(origCtx)")
 	afterWith := WithBypass(origCtx)
@@ -72,6 +119,72 @@ func TestContextFuncsDoNotModifyProvided(t *testing.T) {
 	assert.False(t, HasBypass(origCtx), "HasBypass(origCtx) after giving afterWith to WithoutBypass")
 }
 
-func TestKeyContainsModuleName(t *testing.T) {
-	assert.Contains(t, bypassKey, ModuleName, "bypassKey")
+func TestTransferAgentFuncs(t *testing.T) {
+	newCtx := func() sdk.Context {
+		return sdk.NewContext(nil, tmproto.Header{}, false, nil)
+	}
+
+	tests := []struct {
+		name string
+		ctx  sdk.Context
+		exp  sdk.AccAddress
+	}{
+		{
+			name: "brand new mostly empty context",
+			ctx:  newCtx(),
+			exp:  nil,
+		},
+		{
+			name: "context with transfer agent",
+			ctx:  WithTransferAgent(newCtx(), sdk.AccAddress("transfer_agent______")),
+			exp:  sdk.AccAddress("transfer_agent______"),
+		},
+		{
+			name: "context without transfer agent",
+			ctx:  WithoutTransferAgent(newCtx()),
+			exp:  nil,
+		},
+		{
+			name: "context with transfer agent twice",
+			ctx:  WithTransferAgent(WithTransferAgent(newCtx(), sdk.AccAddress("first_transfer_agent")), sdk.AccAddress("agent_2_of_transfer_")),
+			exp:  sdk.AccAddress("agent_2_of_transfer_"),
+		},
+		{
+			name: "context without transfer agent twice",
+			ctx:  WithoutTransferAgent(WithoutTransferAgent(newCtx())),
+			exp:  nil,
+		},
+		{
+			name: "context with transfer agent on one that originally was without it",
+			ctx:  WithTransferAgent(WithoutTransferAgent(newCtx()), sdk.AccAddress("agent_of_transfer___")),
+			exp:  sdk.AccAddress("agent_of_transfer___"),
+		},
+		{
+			name: "context without transfer agent on one that originally had it",
+			ctx:  WithoutTransferAgent(WithTransferAgent(newCtx(), sdk.AccAddress("the_transfer_agent__"))),
+			exp:  nil,
+		},
+	}
+
+	for _, tc := range tests {
+		t.Run(tc.name, func(t *testing.T) {
+			actual := GetTransferAgent(tc.ctx)
+			assert.Equal(t, tc.exp, actual, "GetTransferAgent")
+		})
+	}
+}
+
+func TestTransferAgentFuncsDoNotModifyProvided(t *testing.T) {
+	origCtx := sdk.NewContext(nil, tmproto.Header{}, false, nil)
+	assert.Nil(t, GetTransferAgent(origCtx), "GetTransferAgent(origCtx)")
+
+	ta := sdk.AccAddress("great_transfer_agent")
+	afterWith := WithTransferAgent(origCtx, ta)
+	assert.Equal(t, ta, GetTransferAgent(afterWith), "GetTransferAgent(afterWith)")
+	assert.Nil(t, GetTransferAgent(origCtx), "GetTransferAgent(origCtx) after giving it to WithTransferAgent")
+
+	afterWithout := WithoutTransferAgent(afterWith)
+	assert.Nil(t, GetTransferAgent(afterWithout), "GetTransferAgent(afterWithout)")
+	assert.Equal(t, ta, GetTransferAgent(afterWith), "GetTransferAgent(afterWith) after giving it to WithoutTransferAgent")
+	assert.Nil(t, GetTransferAgent(origCtx), "GetTransferAgent(origCtx) after giving afterWith to WithoutTransferAgent")
 }