Named after Raoul-Wallenberg-Straße, which honours the Swedish diplomat Raoul Wallenberg.
Wallenberg (born 1912) went to Budapest in 1944 to save Hungarian Jews during the Holocaust and issued 4,500 Swedish protective passes; he was later arrested and died in Soviet custody. The station opened in 1980 as Bruno-Leuschner-Straße, after a GDR politician. On 31 January 1992 it was renamed together with the street.