diff --git a/src/config/entities/__tests__/configuration.ts b/src/config/entities/__tests__/configuration.ts
index 95c9f8222c..638ffa1826 100644
--- a/src/config/entities/__tests__/configuration.ts
+++ b/src/config/entities/__tests__/configuration.ts
@@ -117,6 +117,7 @@ export default (): ReturnType<typeof configuration> => ({
     confirmationView: false,
     eventsQueue: false,
     delegatesV2: false,
+    counterfactualBalances: false,
   },
   httpClient: { requestTimeout: faker.number.int() },
   locking: {
diff --git a/src/config/entities/configuration.ts b/src/config/entities/configuration.ts
index dc14328c4d..d1a6cf14d3 100644
--- a/src/config/entities/configuration.ts
+++ b/src/config/entities/configuration.ts
@@ -183,6 +183,8 @@ export default () => ({
       process.env.FF_CONFIRMATION_VIEW?.toLowerCase() === 'true',
     eventsQueue: process.env.FF_EVENTS_QUEUE?.toLowerCase() === 'true',
     delegatesV2: process.env.FF_DELEGATES_V2?.toLowerCase() === 'true',
+    counterfactualBalances:
+      process.env.FF_COUNTERFACTUAL_BALANCES?.toLowerCase() === 'true',
   },
   httpClient: {
     // Timeout in milliseconds to be used for the HTTP client.
diff --git a/src/datasources/balances-api/balances-api.manager.spec.ts b/src/datasources/balances-api/balances-api.manager.spec.ts
index 5901be4729..f26fa06673 100644
--- a/src/datasources/balances-api/balances-api.manager.spec.ts
+++ b/src/datasources/balances-api/balances-api.manager.spec.ts
@@ -73,6 +73,7 @@ beforeEach(() => {
   configurationServiceMock.getOrThrow.mockImplementation((key) => {
     if (key === 'features.zerionBalancesChainIds')
       return ZERION_BALANCES_CHAIN_IDS;
+    if (key === 'features.counterfactualBalances') return true;
   });
 });
 
@@ -156,6 +157,7 @@ describe('Balances API Manager Tests', () => {
           return notFoundExpireTimeSeconds;
         else if (key === 'features.zerionBalancesChainIds')
           return ZERION_BALANCES_CHAIN_IDS;
+        else if (key === 'features.counterfactualBalances') return true;
         throw new Error(`Unexpected key: ${key}`);
       });
       configApiMock.getChain.mockResolvedValue(chain);
diff --git a/src/datasources/balances-api/balances-api.manager.ts b/src/datasources/balances-api/balances-api.manager.ts
index 9d5927a9f3..19af491642 100644
--- a/src/datasources/balances-api/balances-api.manager.ts
+++ b/src/datasources/balances-api/balances-api.manager.ts
@@ -18,6 +18,7 @@ import { ITransactionApiManager } from '@/domain/interfaces/transaction-api.mana
 @Injectable()
 export class BalancesApiManager implements IBalancesApiManager {
   private safeBalancesApiMap: Record<string, SafeBalancesApi> = {};
+  private readonly isCounterFactualBalancesEnabled: boolean;
   private readonly zerionChainIds: string[];
   private readonly zerionBalancesApi: IBalancesApi;
   private readonly useVpcUrl: boolean;
@@ -34,6 +35,10 @@ export class BalancesApiManager implements IBalancesApiManager {
     @Inject(ITransactionApiManager)
     private readonly transactionApiManager: ITransactionApiManager,
   ) {
+    this.isCounterFactualBalancesEnabled =
+      this.configurationService.getOrThrow<boolean>(
+        'features.counterfactualBalances',
+      );
     this.zerionChainIds = this.configurationService.getOrThrow<string[]>(
       'features.zerionBalancesChainIds',
     );
@@ -51,16 +56,20 @@ export class BalancesApiManager implements IBalancesApiManager {
       return this.zerionBalancesApi;
     }
 
-    // SafeBalancesApi will be returned only if TransactionApi returns the Safe data.
-    // Otherwise ZerionBalancesApi will be returned as the Safe is considered counterfactual/not deployed.
-    try {
-      const transactionApi =
-        await this.transactionApiManager.getTransactionApi(chainId);
-      await transactionApi.getSafe(safeAddress);
-      return this._getSafeBalancesApi(chainId);
-    } catch {
-      return this.zerionBalancesApi;
+    if (this.isCounterFactualBalancesEnabled) {
+      // SafeBalancesApi will be returned only if TransactionApi returns the Safe data.
+      // Otherwise ZerionBalancesApi will be returned as the Safe is considered counterfactual/not deployed.
+      try {
+        const transactionApi =
+          await this.transactionApiManager.getTransactionApi(chainId);
+        await transactionApi.getSafe(safeAddress);
+        return this._getSafeBalancesApi(chainId);
+      } catch {
+        return this.zerionBalancesApi;
+      }
     }
+
+    return this._getSafeBalancesApi(chainId);
   }
 
   async getFiatCodes(): Promise<string[]> {
diff --git a/src/routes/balances/__tests__/controllers/zerion-balances.controller.spec.ts b/src/routes/balances/__tests__/controllers/zerion-balances.controller.spec.ts
index 2ce03e7b5a..734b33e1db 100644
--- a/src/routes/balances/__tests__/controllers/zerion-balances.controller.spec.ts
+++ b/src/routes/balances/__tests__/controllers/zerion-balances.controller.spec.ts
@@ -62,6 +62,10 @@ describe('Balances Controller (Unit)', () => {
           },
         },
       },
+      features: {
+        ...defaultConfiguration.features,
+        counterfactualBalances: true,
+      },
     });
 
     const moduleFixture: TestingModule = await Test.createTestingModule({
diff --git a/src/routes/balances/balances.controller.spec.ts b/src/routes/balances/balances.controller.spec.ts
index f6e9dce21b..220d09d4f9 100644
--- a/src/routes/balances/balances.controller.spec.ts
+++ b/src/routes/balances/balances.controller.spec.ts
@@ -38,8 +38,17 @@ describe('Balances Controller (Unit)', () => {
   beforeEach(async () => {
     jest.resetAllMocks();
 
+    const defaultConfiguration = configuration();
+    const testConfiguration = (): typeof defaultConfiguration => ({
+      ...defaultConfiguration,
+      features: {
+        ...defaultConfiguration.features,
+        counterfactualBalances: true,
+      },
+    });
+
     const moduleFixture: TestingModule = await Test.createTestingModule({
-      imports: [AppModule.register(configuration)],
+      imports: [AppModule.register(testConfiguration)],
     })
       .overrideModule(AccountDataSourceModule)
       .useModule(TestAccountDataSourceModule)
diff --git a/src/routes/collectibles/collectibles.controller.spec.ts b/src/routes/collectibles/collectibles.controller.spec.ts
index ca4583db47..be601be122 100644
--- a/src/routes/collectibles/collectibles.controller.spec.ts
+++ b/src/routes/collectibles/collectibles.controller.spec.ts
@@ -44,8 +44,17 @@ describe('Collectibles Controller (Unit)', () => {
   beforeEach(async () => {
     jest.resetAllMocks();
 
+    const defaultConfiguration = configuration();
+    const testConfiguration = (): typeof defaultConfiguration => ({
+      ...defaultConfiguration,
+      features: {
+        ...defaultConfiguration.features,
+        counterfactualBalances: false,
+      },
+    });
+
     const moduleFixture: TestingModule = await Test.createTestingModule({
-      imports: [AppModule.register(configuration)],
+      imports: [AppModule.register(testConfiguration)],
     })
       .overrideModule(AccountDataSourceModule)
       .useModule(TestAccountDataSourceModule)
@@ -154,7 +163,7 @@ describe('Collectibles Controller (Unit)', () => {
         )
         .expect(200);
 
-      expect(networkService.get.mock.calls[2][0].networkRequest).toStrictEqual({
+      expect(networkService.get.mock.calls[1][0].networkRequest).toStrictEqual({
         params: {
           limit: 10,
           offset: 20,
@@ -200,7 +209,7 @@ describe('Collectibles Controller (Unit)', () => {
         )
         .expect(200);
 
-      expect(networkService.get.mock.calls[2][0].networkRequest).toStrictEqual({
+      expect(networkService.get.mock.calls[1][0].networkRequest).toStrictEqual({
         params: {
           limit: PaginationData.DEFAULT_LIMIT,
           offset: PaginationData.DEFAULT_OFFSET,
diff --git a/src/routes/safes/safes.controller.overview.spec.ts b/src/routes/safes/safes.controller.overview.spec.ts
index 55f71c66ac..da27d1d546 100644
--- a/src/routes/safes/safes.controller.overview.spec.ts
+++ b/src/routes/safes/safes.controller.overview.spec.ts
@@ -52,6 +52,10 @@ describe('Safes Controller Overview (Unit)', () => {
           maxOverviews: 3,
         },
       },
+      features: {
+        ...configuration().features,
+        counterfactualBalances: true,
+      },
     });
 
     const moduleFixture: TestingModule = await Test.createTestingModule({