diff --git a/Cargo.lock b/Cargo.lock
index 72201b4676..9d08cc793a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -177,7 +177,6 @@ checksum = "be4dc07131ffa69b8072d35f5007352af944213cde02545e2103680baed38fcd"
 name = "asgard-runtime"
 version = "0.8.0"
 dependencies = [
- "bifrost-assets",
  "bifrost-bancor",
  "bifrost-bancor-runtime-api",
  "bifrost-charge-transaction-fee",
diff --git a/runtime/asgard/Cargo.toml b/runtime/asgard/Cargo.toml
index ed631a41ff..b19d9fc68a 100644
--- a/runtime/asgard/Cargo.toml
+++ b/runtime/asgard/Cargo.toml
@@ -79,7 +79,6 @@ polkadot-runtime-parachains = { git = "https://github.com/paritytech/polkadot",
 
 # bifrost pallets
 bifrost-runtime-common = { package = "bifrost-runtime-common", path = "../common", default-features = false }
-bifrost-assets = { path = "../../pallets/assets", default-features = false }
 bifrost-vtoken-mint = { path = "../../pallets/vtoken-mint", default-features = false }
 bifrost-minter-reward = { path = "../../pallets/minter-reward", default-features = false }
 bifrost-charge-transaction-fee = { path = "../../pallets/charge-transaction-fee", default-features = false }
@@ -158,7 +157,6 @@ std = [
 	"xcm-builder/std",
 	"xcm-executor/std",
 	"polkadot-runtime-parachains/std",
-	"bifrost-assets/std",
 	"bifrost-bancor/std",
 	"bifrost-bancor-runtime-api/std",
 	"bifrost-charge-transaction-fee/std",
diff --git a/runtime/asgard/src/lib.rs b/runtime/asgard/src/lib.rs
index 224d4ca843..1360af11b9 100644
--- a/runtime/asgard/src/lib.rs
+++ b/runtime/asgard/src/lib.rs
@@ -880,12 +880,6 @@ orml_traits::parameter_type_with_key! {
 	};
 }
 
-impl bifrost_assets::Config for Runtime {
-	type Event = Event;
-	type MultiCurrency = Currencies;
-	type WeightInfo = ();
-}
-
 impl orml_tokens::Config for Runtime {
 	type Amount = Amount;
 	type Balance = Balance;
@@ -1181,7 +1175,6 @@ construct_runtime! {
 		Currencies: orml_currencies::{Pallet, Call, Event<T>} = 72,
 
 		// Bifrost modules
-		BifrostAssets: bifrost_assets::{Pallet, Call, Event<T>} = 100,
 		VtokenMint: bifrost_vtoken_mint::{Pallet, Call, Storage, Event<T>, Config<T>} = 101,
 		MinterReward: bifrost_minter_reward::{Pallet, Storage, Event<T>, Config<T>} = 102,
 		ChargeTransactionFee: bifrost_charge_transaction_fee::{Pallet, Call, Storage, Event<T>} = 104,