diff --git a/contracts/commons/ERC721Base.sol b/contracts/commons/ERC721Base.sol
index 5e7e7e68..e304e742 100644
--- a/contracts/commons/ERC721Base.sol
+++ b/contracts/commons/ERC721Base.sol
@@ -42,6 +42,9 @@ contract ERC721Base is ERC165 {
         _name = name;
         _symbol = symbol;
 
+        emit SetName(name);
+        emit SetSymbol(symbol);
+
         _registerInterface(ERC_721_INTERFACE);
         _registerInterface(ERC_721_METADATA_INTERFACE);
         _registerInterface(ERC_721_ENUMERATION_INTERFACE);
@@ -56,6 +59,8 @@ contract ERC721Base is ERC165 {
     /// Note: the ERC-165 identifier for this interface is 0x5b5e139f.
 
     event SetURIProvider(address _uriProvider);
+    event SetName(string _name);
+    event SetSymbol(string _symbol);
 
     string private _name;
     string private _symbol;
@@ -90,6 +95,18 @@ contract ERC721Base is ERC165 {
         return true;
     }
 
+    // @notice Updates the descriptive name for a collection of NFTs in this contract
+    function _setName(string memory _newName) internal {
+        emit SetName(_newName);
+        _name = _newName;
+    }
+
+    // @notice Updates the abbreviated name for NFTs in this contract
+    function _setSymbol(string memory _newSymbol) internal {
+        emit SetSymbol(_newSymbol);
+        _symbol = _newSymbol;
+    }
+
     // ///
     // ERC721 Enumeration
     // ///
diff --git a/contracts/core/diaspore/DebtEngine.sol b/contracts/core/diaspore/DebtEngine.sol
index 272488ee..9683914d 100644
--- a/contracts/core/diaspore/DebtEngine.sol
+++ b/contracts/core/diaspore/DebtEngine.sol
@@ -109,6 +109,14 @@ contract DebtEngine is ERC721Base, Ownable {
         _setURIProvider(_provider);
     }
 
+    function setName(string calldata _name) external onlyOwner {
+        _setName(_name);
+    }
+
+    function setSymbol(string calldata _symbol) external onlyOwner {
+        _setSymbol(_symbol);
+    }
+
     function create(
         Model _model,
         address _owner,
diff --git a/test/diaspore/TestDebtEngine.js b/test/diaspore/TestDebtEngine.js
index 0981251f..5b081ede 100644
--- a/test/diaspore/TestDebtEngine.js
+++ b/test/diaspore/TestDebtEngine.js
@@ -62,6 +62,26 @@ contract('Test DebtEngine Diaspore', function (accounts) {
             );
         });
     });
+    describe('Update name and symbol', function () {
+        it('Should update name of NFT', async function () {
+            const debtEngine = await DebtEngine.new(rcn.address, { from: accounts[2] });
+            await debtEngine.setName('New name for NFT', { from: accounts[2] });
+            expect(await debtEngine.name()).to.be.equal('New name for NFT');
+        });
+        it('Should update symbol of NFT', async function () {
+            const debtEngine = await DebtEngine.new(rcn.address, { from: accounts[2] });
+            await debtEngine.setSymbol('SYM2', { from: accounts[2] });
+            expect(await debtEngine.symbol()).to.be.equal('SYM2');
+        });
+        it('Should fail update name of NFT if callers is not the owner', async function () {
+            const debtEngine = await DebtEngine.new(rcn.address, { from: accounts[2] });
+            await Helper.tryCatchRevert(debtEngine.setName('New name for NFT', { from: accounts[1] }), 'The owner should be the sender');
+        });
+        it('Should fail update symbol of NFT if callers is not the owner', async function () {
+            const debtEngine = await DebtEngine.new(rcn.address, { from: accounts[2] });
+            await Helper.tryCatchRevert(debtEngine.setSymbol('New name for NFT', { from: accounts[1] }), 'The owner should be the sender');
+        });
+    });
     describe('Function setURIProvider', function () {
         it('Should set the URI provider', async function () {
             const URIProvider = await TestURIProvider.new();