diff --git a/pkg/tbtc/node.go b/pkg/tbtc/node.go
index 66d5697ead..fa6fc95ff0 100644
--- a/pkg/tbtc/node.go
+++ b/pkg/tbtc/node.go
@@ -679,12 +679,12 @@ func (n *node) handleMovingFundsProposal(proposal *MovingFundsProposal) {
 		)
 
 		// Make sure the wallet meets the criteria for moving funds proposal.
-		_, found := n.walletRegistry.getWalletByPublicKeyHash(
+		walletRegistryData, found := n.walletRegistry.getWalletByPublicKeyHash(
 			sourceWalletPublicKeyHash,
 		)
 		if !found {
 			logger.Errorf(
-				"skipping moving funds proposal for wallet with PKH"+
+				"skipping moving funds proposal for wallet with PKH "+
 					"[0x%x] as the node does not control it",
 				sourceWalletPublicKeyHash,
 			)
@@ -719,7 +719,7 @@ func (n *node) handleMovingFundsProposal(proposal *MovingFundsProposal) {
 
 		walletBalance := walletMainUtxo.Value
 
-		// Check if the wallet meets the condition for moving funds
+		// Check if the wallet meets the conditions for moving funds
 		// commitment.
 		if sourceWalletChainData.State != StateMovingFunds ||
 			sourceWalletChainData.PendingRedemptionsValue > 0 ||
@@ -749,7 +749,9 @@ func (n *node) handleMovingFundsProposal(proposal *MovingFundsProposal) {
 
 		if liveWalletsCount == 0 {
 			logger.Infof(
-				"skipping moving funds proposal due to lack of live wallets",
+				"skipping moving funds proposal for wallet with PKH [0x%x] due"+
+					"to lack of live wallets",
+				sourceWalletPublicKeyHash,
 			)
 			return
 		}
@@ -803,7 +805,11 @@ func (n *node) handleMovingFundsProposal(proposal *MovingFundsProposal) {
 
 		logger.Infof("found [%v] live wallets", len(liveWallets))
 
-		_, _, _, _, _, walletMaxBtcTransfer, _, _ := n.chain.GetWalletParameters()
+		_, _, _, _, _, walletMaxBtcTransfer, _, err := n.chain.GetWalletParameters()
+		if err != nil {
+			logger.Errorf("failed to get wallet parameters: [%v]", err)
+			return
+		}
 
 		ceilingDivide := func(x, y uint64) uint64 {
 			return (x + y - 1) / y
@@ -823,7 +829,52 @@ func (n *node) handleMovingFundsProposal(proposal *MovingFundsProposal) {
 		targetWallets := liveWallets[0:targetWalletsCount]
 		logger.Infof("Target wallets length [%v]", len(targetWallets))
 
-		// TODO: Continue with moving funds commitment
+		walletMemberIDs := make([]uint32, 0)
+		for _, operatorAddress := range walletRegistryData.signingGroupOperators {
+			operatorId, err := n.chain.GetOperatorID(operatorAddress)
+			if err != nil {
+				logger.Errorf(
+					"failed to get operator ID for operator [%v] belonging to "+
+						"wallet with PKH [0x%x]: [%v]",
+					operatorAddress,
+					sourceWalletPublicKeyHash,
+					err,
+				)
+				return
+			}
+			walletMemberIDs = append(walletMemberIDs, operatorId)
+		}
+
+		latestBlockHeight, err := n.btcChain.GetLatestBlockHeight()
+		if err != nil {
+			logger.Errorf(
+				"failed to get latest Bitcoin block height: [%v]",
+				err,
+			)
+			return
+		}
+
+		// Use the latest Bitcoin block height to determine the wallet member
+		// index. Increase the result of the modulo operation by one since the
+		// wallet member index must be within range [1, len(walletMemberIDs)].
+		walletMemberIndex := (int(latestBlockHeight) % len(walletMemberIDs)) + 1
+
+		err = n.chain.SubmitMovingFundsCommitment(
+			sourceWalletPublicKeyHash,
+			*walletMainUtxo,
+			walletMemberIDs,
+			uint32(walletMemberIndex),
+			targetWallets,
+		)
+		if err != nil {
+			logger.Errorf(
+				"failed to submit moving funds commitment for wallet wit PKH "+
+					"[0x%x]: [%v]",
+				sourceWalletPublicKeyHash,
+				err,
+			)
+			return
+		}
 
 		logger.Infof(
 			"Finished moving funds commitment for wallet with PKH [0x%x]",
@@ -831,6 +882,8 @@ func (n *node) handleMovingFundsProposal(proposal *MovingFundsProposal) {
 		)
 
 		// TODO: Add construction of the move funds Bitcoin transaction.
+		//       Before proceeding with the Bitcoin transaction, check if the
+		//       commitment was successfully submitted.
 	}()
 }