diff --git a/contracts/interfaces/modules/royalty/IRoyaltyModule.sol b/contracts/interfaces/modules/royalty/IRoyaltyModule.sol
index 783ce3e4..c682bf72 100644
--- a/contracts/interfaces/modules/royalty/IRoyaltyModule.sol
+++ b/contracts/interfaces/modules/royalty/IRoyaltyModule.sol
@@ -69,6 +69,11 @@ interface IRoyaltyModule is IModule {
         bytes externalData
     );
 
+    /// @notice Event emitted when an IP royalty vault is deployed
+    /// @param ipId The ipId of IP asset
+    /// @param ipRoyaltyVault The address of the royalty vault
+    event IpRoyaltyVaultDeployed(address ipId, address ipRoyaltyVault);
+
     /// @notice Sets the treasury address
     /// @dev Enforced to be only callable by the protocol admin
     /// @param treasury The address of the treasury
diff --git a/contracts/modules/royalty/RoyaltyModule.sol b/contracts/modules/royalty/RoyaltyModule.sol
index 6d21a629..b5e08f24 100644
--- a/contracts/modules/royalty/RoyaltyModule.sol
+++ b/contracts/modules/royalty/RoyaltyModule.sol
@@ -472,6 +472,8 @@ contract RoyaltyModule is IRoyaltyModule, VaultController, ReentrancyGuardUpgrad
         $.ipRoyaltyVaults[ipId] = ipRoyaltyVault;
         $.isIpRoyaltyVault[ipRoyaltyVault] = true;
 
+        emit IpRoyaltyVaultDeployed(ipId, ipRoyaltyVault);
+
         return ipRoyaltyVault;
     }