diff --git a/bindings/nodejs/lib/types/block/address.ts b/bindings/nodejs/lib/types/block/address.ts
index ec428452e4..c253dbc033 100644
--- a/bindings/nodejs/lib/types/block/address.ts
+++ b/bindings/nodejs/lib/types/block/address.ts
@@ -139,7 +139,7 @@ class NftAddress extends Address {
 }
 
 /**
- * An implicit account creation address.
+ * An implicit account creation address that can be used to convert a Basic Output to an Account Output.
  */
 class ImplicitAccountCreationAddress extends Address {
     private pubKeyHash: HexEncodedString;
diff --git a/bindings/python/iota_sdk/types/address.py b/bindings/python/iota_sdk/types/address.py
index 1884bf4b40..3b52c8e530 100644
--- a/bindings/python/iota_sdk/types/address.py
+++ b/bindings/python/iota_sdk/types/address.py
@@ -14,10 +14,14 @@ class AddressType(IntEnum):
         ED25519 (0): Ed25519 address.
         ACCOUNT (8): Account address.
         NFT (16): Nft address.
+        IMPLICIT_ACCOUNT_CREATION (24): Implicit Account Creation address.
+        RESTRICTED (40): Address with restricted capabilities.
     """
     ED25519 = 0
     ACCOUNT = 8
     NFT = 16
+    IMPLICIT_ACCOUNT_CREATION = 24
+    RESTRICTED = 40
 
 
 @json
@@ -59,6 +63,56 @@ class NFTAddress:
     type: int = field(default_factory=lambda: int(AddressType.NFT), init=False)
 
 
+@json
+@dataclass
+class ImplicitAccountCreationAddress:
+    """An implicit account creation address that can be used to convert a Basic Output to an Account Output.
+    Attributes:
+        address: The hex encoded Ed25519 Address.
+    """
+    address: Ed25519Address
+    type: int = field(default_factory=lambda: int(
+        AddressType.IMPLICIT_ACCOUNT_CREATION), init=False)
+
+    @staticmethod
+    def _to_dict_custom(addr_dict: dict) -> dict:
+        """
+        Converts an implicit account creation address to the dictionary representation.
+        """
+        if 'address' in addr_dict:
+            address = addr_dict.pop('address')
+            addr_dict['pubKeyHash'] = address.pop('pubKeyHash')
+        return addr_dict
+
+    @staticmethod
+    def from_dict(addr_dict: dict):
+        """
+        Creates an implicit account creation address from a dictionary representation.
+        """
+        return ImplicitAccountCreationAddress(Ed25519Address(addr_dict['pubKeyHash']))
+
+
+@json
+@dataclass
+class RestrictedAddress:
+    """Represents an address with restricted capabilities.
+    Attributes:
+        address: The inner restricted Address.
+        allowed_capabilities: The allowed capabilities bitflags.
+    """
+    address: Union[Ed25519Address, AccountAddress, NFTAddress]
+    allowed_capabilities: HexStr = field(default='0x00', init=False)
+    type: int = field(default_factory=lambda: int(
+        AddressType.RESTRICTED), init=False)
+
+    def with_allowed_capabilities(self, allowed_capabilities: bytes):
+        """Sets the allowed capabilities from a byte array.
+        Attributes:
+            allowed_capabilities: The allowed capabilities bitflags.
+        """
+        self.allowed_capabilities = '0x00' + allowed_capabilities.hex()
+
+
 @json
 @dataclass
 class AddressWithUnspentOutputs():
@@ -70,7 +124,8 @@ class AddressWithUnspentOutputs():
     output_ids: bool
 
 
-Address: TypeAlias = Union[Ed25519Address, AccountAddress, NFTAddress]
+Address: TypeAlias = Union[Ed25519Address, AccountAddress,
+                           NFTAddress, ImplicitAccountCreationAddress, RestrictedAddress]
 
 
 def deserialize_address(d: Dict[str, Any]) -> Address:
@@ -87,6 +142,10 @@ def deserialize_address(d: Dict[str, Any]) -> Address:
         return AccountAddress.from_dict(d)
     if address_type == AddressType.NFT:
         return NFTAddress.from_dict(d)
+    if address_type == AddressType.IMPLICIT_ACCOUNT_CREATION:
+        return ImplicitAccountCreationAddress.from_dict(d)
+    if address_type == AddressType.RESTRICTED:
+        return RestrictedAddress.from_dict(d)
     raise Exception(f'invalid address type: {address_type}')
 
 
diff --git a/bindings/python/iota_sdk/types/token_scheme.py b/bindings/python/iota_sdk/types/token_scheme.py
index 95d671ce2b..8d63c690ed 100644
--- a/bindings/python/iota_sdk/types/token_scheme.py
+++ b/bindings/python/iota_sdk/types/token_scheme.py
@@ -23,7 +23,7 @@ class SimpleTokenScheme:
     type: int = field(default_factory=lambda: 0, init=False)
 
     @staticmethod
-    def to_dict_custom(config):
+    def _to_dict_custom(config):
         """
         The function converts integer values in the config to hexadecimal strings.
         """
diff --git a/bindings/python/iota_sdk/utils.py b/bindings/python/iota_sdk/utils.py
index 5e232e7fd4..6c27d1e6aa 100644
--- a/bindings/python/iota_sdk/utils.py
+++ b/bindings/python/iota_sdk/utils.py
@@ -79,7 +79,7 @@ def parse_bech32_address(address: str) -> Address:
             'address': address
         })
 
-        deserialize_address(response)
+        return deserialize_address(response)
 
     @staticmethod
     def is_address_valid(address: str) -> bool:
diff --git a/sdk/src/types/block/address/implicit_account_creation.rs b/sdk/src/types/block/address/implicit_account_creation.rs
index 22e76e7787..cbb4344c55 100644
--- a/sdk/src/types/block/address/implicit_account_creation.rs
+++ b/sdk/src/types/block/address/implicit_account_creation.rs
@@ -6,7 +6,9 @@ use packable::Packable;
 
 use crate::types::block::address::Ed25519Address;
 
-/// An implicit account creation address that can be used to transition an account.
+/// An implicit account creation address that can be used to convert a
+/// [`BasicOutput`](crate::types::block::output::BasicOutput) to an
+/// [`AccountOutput`](crate::types::block::output::AccountOutput).
 #[derive(Copy, Clone, Debug, Display, Eq, PartialEq, Ord, PartialOrd, Hash, FromStr, AsRef, Deref, From, Packable)]
 #[as_ref(forward)]
 pub struct ImplicitAccountCreationAddress(Ed25519Address);