diff --git a/src/consensus/encode.rs b/src/consensus/encode.rs
index 4a5fd54..608ee1d 100644
--- a/src/consensus/encode.rs
+++ b/src/consensus/encode.rs
@@ -45,6 +45,7 @@ use bitcoin_hashes::{sha256d, Hash as HashTrait};
 use secp256k1;
 
 use util::base58;
+use util::psbt;
 
 /// Encoding error
 #[derive(Debug)]
@@ -59,6 +60,8 @@ pub enum Error {
     ByteOrder(io::Error),
     /// secp-related error
     Secp256k1(secp256k1::Error),
+    /// PSBT-related error
+    Psbt(psbt::Error),
     /// Network magic was not expected
     UnexpectedNetworkMagic {
         /// The expected network magic
@@ -102,6 +105,7 @@ impl fmt::Display for Error {
             Error::Bech32(ref e) => fmt::Display::fmt(e, f),
             Error::ByteOrder(ref e) => fmt::Display::fmt(e, f),
             Error::Secp256k1(ref e) => fmt::Display::fmt(e, f),
+            Error::Psbt(ref e) => fmt::Display::fmt(e, f),
             Error::UnexpectedNetworkMagic { expected: ref e, actual: ref a } => write!(f, "{}: expected {}, actual {}", error::Error::description(self), e, a),
             Error::OversizedVectorAllocation { requested: ref r, max: ref m } => write!(f, "{}: requested {}, maximum {}", error::Error::description(self), r, m),
             Error::InvalidChecksum { expected: ref e, actual: ref a } => write!(f, "{}: expected {}, actual {}", error::Error::description(self), hex_encode(e), hex_encode(a)),
@@ -123,6 +127,7 @@ impl error::Error for Error {
             Error::Bech32(ref e) => Some(e),
             Error::ByteOrder(ref e) => Some(e),
             Error::Secp256k1(ref e) => Some(e),
+            Error::Psbt(ref e) => Some(e),
             Error::UnexpectedNetworkMagic { .. }
             | Error::OversizedVectorAllocation { .. }
             | Error::InvalidChecksum { .. }
@@ -142,6 +147,7 @@ impl error::Error for Error {
             Error::Bech32(ref e) => e.description(),
             Error::ByteOrder(ref e) => e.description(),
             Error::Secp256k1(ref e) => e.description(),
+            Error::Psbt(ref e) => e.description(),
             Error::UnexpectedNetworkMagic { .. } => "unexpected network magic",
             Error::OversizedVectorAllocation { .. } => "allocation of oversized vector requested",
             Error::InvalidChecksum { .. } => "invalid checksum",
@@ -183,6 +189,13 @@ impl From<io::Error> for Error {
     }
 }
 
+#[doc(hidden)]
+impl From<psbt::Error> for Error {
+    fn from(e: psbt::Error) -> Error {
+        Error::Psbt(e)
+    }
+}
+
 /// Encode an object into a vector
 pub fn serialize<T: ?Sized>(data: &T) -> Vec<u8>
      where T: Encodable<Cursor<Vec<u8>>>,
diff --git a/src/util/mod.rs b/src/util/mod.rs
index afad43b..c76517a 100644
--- a/src/util/mod.rs
+++ b/src/util/mod.rs
@@ -25,6 +25,7 @@ pub mod contracthash;
 pub mod decimal;
 pub mod hash;
 pub mod misc;
+pub mod psbt;
 pub mod uint;
 
 use std::{error, fmt};
diff --git a/src/util/psbt/error.rs b/src/util/psbt/error.rs
new file mode 100644
index 0000000..34095e2
--- /dev/null
+++ b/src/util/psbt/error.rs
@@ -0,0 +1,72 @@
+use std::error;
+use std::fmt;
+
+use blockdata::transaction::Transaction;
+
+/// Ways that a Partially Signed Transaction might fail.
+#[derive(Debug)]
+pub enum Error {
+    /// Magic bytes for a PSBT must be the ASCII for "psbt" serialized in most
+    /// significant byte order.
+    InvalidMagic,
+    /// The separator for a PSBT must be `0xff`.
+    InvalidSeparator,
+    /// Known keys must be according to spec.
+    InvalidKey,
+    /// Keys within key-value map should never be duplicated.
+    DuplicateKey,
+    /// The scriptSigs for the unsigned transaction must be empty.
+    UnsignedTxHasScriptSigs,
+    /// The scriptWitnesses for the unsigned transaction must be empty.
+    UnsignedTxHasScriptWitnesses,
+    /// A PSBT must have an unsigned transaction.
+    MustHaveUnsignedTx,
+    /// Signals that there are no more key-value pairs in a key-value map.
+    NoMorePairs,
+    /// Attempting to merge with a PSBT describing a different unsigned
+    /// transaction.
+    UnexpectedUnsignedTx {
+        /// Expected
+        expected: Transaction,
+        /// Actual
+        actual: Transaction,
+    },
+    /// Unable to parse as a standard SigHash type.
+    NonStandardSigHashType(u32),
+}
+
+impl fmt::Display for Error {
+    fn fmt(&self, f: &mut fmt::Formatter) -> fmt::Result {
+        match *self {
+            Error::UnexpectedUnsignedTx { expected: ref e, actual: ref a } => write!(f, "{}: expected {}, actual {}", error::Error::description(self), e.txid(), a.txid()),
+            Error::NonStandardSigHashType(ref sht) => write!(f, "{}: {}", error::Error::description(self), sht),
+            Error::InvalidMagic
+            | Error::InvalidSeparator
+            | Error::InvalidKey
+            | Error::DuplicateKey
+            | Error::UnsignedTxHasScriptSigs
+            | Error::UnsignedTxHasScriptWitnesses
+            | Error::MustHaveUnsignedTx
+            | Error::NoMorePairs => f.write_str(error::Error::description(self))
+        }
+    }
+}
+
+impl error::Error for Error {
+    fn description(&self) -> &str {
+        match *self {
+            Error::InvalidMagic => "invalid magic",
+            Error::InvalidSeparator => "invalid separator",
+            Error::InvalidKey => "invalid key",
+            Error::DuplicateKey => "duplicate key",
+            Error::UnsignedTxHasScriptSigs => "the unsigned transaction has script sigs",
+            Error::UnsignedTxHasScriptWitnesses => "the unsigned transaction has script witnesses",
+            Error::MustHaveUnsignedTx => {
+                "partially signed transactions must have an unsigned transaction"
+            }
+            Error::NoMorePairs => "no more key-value pairs for this psbt map",
+            Error::UnexpectedUnsignedTx { .. } => "different unsigned transaction",
+            Error::NonStandardSigHashType(..) =>  "non-standard sighash type",
+        }
+    }
+}
diff --git a/src/util/psbt/mod.rs b/src/util/psbt/mod.rs
new file mode 100644
index 0000000..f0438e1
--- /dev/null
+++ b/src/util/psbt/mod.rs
@@ -0,0 +1,8 @@
+//! # Partially Signed Transactions
+//!
+//! Implementation of BIP174 Partially Signed Bitcoin Transaction Format as
+//! defined at https://github.com/bitcoin/bips/blob/master/bip-0174.mediawiki
+//! except we define PSBTs containing non-standard SigHash types as invalid.
+
+mod error;
+pub use self::error::Error;