diff --git a/chain/ring.go b/chain/ring.go
index ba52d31..3270fc5 100644
--- a/chain/ring.go
+++ b/chain/ring.go
@@ -36,11 +36,11 @@ func (c *Chain) GetRingOutputs(amount uint64, offsets []uint64) ([]types.PublicK
 
 		switch out := tx.Vout[outNo].(type) {
 		case types.TxOutputBare:
-			toKey, ok := out.Target.(types.TxOutToKey)
-			if !ok {
-				return nil, coreerr.E("Chain.GetRingOutputs", fmt.Sprintf("ring output %d: unsupported target type %T", i, out.Target), nil)
+			key, err := ringOutputKey(out.Target)
+			if err != nil {
+				return nil, coreerr.E("Chain.GetRingOutputs", fmt.Sprintf("ring output %d: %v", i, err), nil)
 			}
-			pubs[i] = toKey.Key
+			pubs[i] = key
 		default:
 			return nil, coreerr.E("Chain.GetRingOutputs", fmt.Sprintf("ring output %d: unsupported output type %T", i, out), nil)
 		}
@@ -48,6 +48,28 @@ func (c *Chain) GetRingOutputs(amount uint64, offsets []uint64) ([]types.PublicK
 	return pubs, nil
 }
 
+// ringOutputKey extracts the spend key for a transparent output target.
+//
+// TxOutMultisig and TxOutHTLC do not carry enough context here to select the
+// exact spend path, so we return a deterministic key that keeps ring lookup
+// usable for basic sync and verification. More specific spend-context logic
+// belongs in the wallet layer.
+func ringOutputKey(target types.TxOutTarget) (types.PublicKey, error) {
+	switch t := target.(type) {
+	case types.TxOutToKey:
+		return t.Key, nil
+	case types.TxOutMultisig:
+		if len(t.Keys) == 0 {
+			return types.PublicKey{}, fmt.Errorf("unsupported multisig target with no keys")
+		}
+		return t.Keys[0], nil
+	case types.TxOutHTLC:
+		return t.PKRedeem, nil
+	default:
+		return types.PublicKey{}, fmt.Errorf("unsupported target type %T", target)
+	}
+}
+
 // GetZCRingOutputs fetches ZC ring members (stealth address, amount commitment,
 // blinded asset ID) for the given global output indices. This implements the
 // consensus.ZCRingOutputsFn signature for post-HF4 CLSAG GGX verification.
diff --git a/chain/ring_test.go b/chain/ring_test.go
index 4f7fd23..2328767 100644
--- a/chain/ring_test.go
+++ b/chain/ring_test.go
@@ -55,6 +55,85 @@ func TestGetRingOutputs_Good(t *testing.T) {
 	}
 }
 
+func TestGetRingOutputs_Good_Multisig(t *testing.T) {
+	c := newTestChain(t)
+
+	first := types.PublicKey{0x11, 0x22, 0x33}
+	second := types.PublicKey{0x44, 0x55, 0x66}
+	tx := types.Transaction{
+		Version: types.VersionPreHF4,
+		Vin:     []types.TxInput{types.TxInputGenesis{Height: 0}},
+		Vout: []types.TxOutput{
+			types.TxOutputBare{
+				Amount: 1000,
+				Target: types.TxOutMultisig{
+					MinimumSigs: 2,
+					Keys:        []types.PublicKey{first, second},
+				},
+			},
+		},
+		Extra:      wire.EncodeVarint(0),
+		Attachment: wire.EncodeVarint(0),
+	}
+	txHash := wire.TransactionHash(&tx)
+
+	if err := c.PutTransaction(txHash, &tx, &TxMeta{KeeperBlock: 0, GlobalOutputIndexes: []uint64{0}}); err != nil {
+		t.Fatalf("PutTransaction: %v", err)
+	}
+	if _, err := c.PutOutput(1000, txHash, 0); err != nil {
+		t.Fatalf("PutOutput: %v", err)
+	}
+
+	pubs, err := c.GetRingOutputs(1000, []uint64{0})
+	if err != nil {
+		t.Fatalf("GetRingOutputs: %v", err)
+	}
+	if pubs[0] != first {
+		t.Errorf("pubs[0]: got %x, want %x", pubs[0], first)
+	}
+}
+
+func TestGetRingOutputs_Good_HTLC(t *testing.T) {
+	c := newTestChain(t)
+
+	redeem := types.PublicKey{0xAA, 0xBB, 0xCC}
+	refund := types.PublicKey{0xDD, 0xEE, 0xFF}
+	tx := types.Transaction{
+		Version: types.VersionPreHF4,
+		Vin:     []types.TxInput{types.TxInputGenesis{Height: 0}},
+		Vout: []types.TxOutput{
+			types.TxOutputBare{
+				Amount: 1000,
+				Target: types.TxOutHTLC{
+					HTLCHash:   types.Hash{0x01},
+					Flags:      0,
+					Expiration: 200,
+					PKRedeem:   redeem,
+					PKRefund:   refund,
+				},
+			},
+		},
+		Extra:      wire.EncodeVarint(0),
+		Attachment: wire.EncodeVarint(0),
+	}
+	txHash := wire.TransactionHash(&tx)
+
+	if err := c.PutTransaction(txHash, &tx, &TxMeta{KeeperBlock: 0, GlobalOutputIndexes: []uint64{0}}); err != nil {
+		t.Fatalf("PutTransaction: %v", err)
+	}
+	if _, err := c.PutOutput(1000, txHash, 0); err != nil {
+		t.Fatalf("PutOutput: %v", err)
+	}
+
+	pubs, err := c.GetRingOutputs(1000, []uint64{0})
+	if err != nil {
+		t.Fatalf("GetRingOutputs: %v", err)
+	}
+	if pubs[0] != redeem {
+		t.Errorf("pubs[0]: got %x, want %x", pubs[0], redeem)
+	}
+}
+
 func TestGetRingOutputs_Good_MultipleOutputs(t *testing.T) {
 	c := newTestChain(t)