diff --git a/packages/native-utils/bench/hash.js b/packages/native-utils/bench/hash.js
index 425c75c..98d72dc 100644
--- a/packages/native-utils/bench/hash.js
+++ b/packages/native-utils/bench/hash.js
@@ -14,7 +14,7 @@ const DEFAULT_STATE = {
   challengeDuration: 1,
   outcome: [
     {
-      assetHolderAddress: '0x0000000000000000000000000000000000000000',
+      asset: '0x0000000000000000000000000000000000000000',
       allocationItems: [
         {
           destination:
diff --git a/packages/native-utils/bench/recover.js b/packages/native-utils/bench/recover.js
index c46cb41..5d9b215 100644
--- a/packages/native-utils/bench/recover.js
+++ b/packages/native-utils/bench/recover.js
@@ -6,7 +6,7 @@ const PRIVATE_KEY = '0x111111111111111111111111111111111111111111111111111111111
 
 const OUTCOME = [
   {
-    assetHolderAddress: '0x0000000000000000000000000000000000000000',
+    asset: '0x0000000000000000000000000000000000000000',
     allocationItems: [
       {
         destination: '0x0000000000000000000000000000000000000000000000000000000000000000',
diff --git a/packages/native-utils/bench/sign.js b/packages/native-utils/bench/sign.js
index 547f4e0..2e67707 100644
--- a/packages/native-utils/bench/sign.js
+++ b/packages/native-utils/bench/sign.js
@@ -6,7 +6,7 @@ const PRIVATE_KEY = '0x111111111111111111111111111111111111111111111111111111111
 
 const OUTCOME = [
   {
-    assetHolderAddress: '0x0000000000000000000000000000000000000000',
+    asset: '0x0000000000000000000000000000000000000000',
     allocationItems: [
       {
         destination: '0x0000000000000000000000000000000000000000000000000000000000000000',
diff --git a/packages/native-utils/common/src/state.rs b/packages/native-utils/common/src/state.rs
index 3d4f324..229b7ee 100644
--- a/packages/native-utils/common/src/state.rs
+++ b/packages/native-utils/common/src/state.rs
@@ -42,7 +42,7 @@ impl Tokenize for AssetOutcomeType {
 #[derive(Deserialize,PartialEq)]
 #[serde(rename_all = "camelCase")]
 pub struct AllocationAssetOutcome {
-    pub asset_holder_address: Address,
+    pub asset: Address,
     pub allocation_items: Vec<AllocationItem>,
 }
 
@@ -74,7 +74,7 @@ impl Tokenize for Guarantee {
 #[derive(Deserialize,PartialEq)]
 #[serde(rename_all = "camelCase")]
 pub struct GuaranteeAssetOutcome {
-    pub asset_holder_address: Address,
+    pub asset: Address,
     pub guarantee: Guarantee,
 }
 
@@ -96,12 +96,12 @@ pub enum AssetOutcome {
 
 impl Tokenize for AssetOutcome {
     fn tokenize(&self) -> Token {
-        let (asset_holder_address, encoded) = match self {
-            Self::AllocationAssetOutcome(o) => (o.asset_holder_address, o.encode()),
-            Self::GuaranteeAssetOutcome(o) => (o.asset_holder_address, o.encode()),
+        let (asset, encoded) = match self {
+            Self::AllocationAssetOutcome(o) => (o.asset, o.encode()),
+            Self::GuaranteeAssetOutcome(o) => (o.asset, o.encode()),
         };
         Token::Tuple(vec![
-            asset_holder_address.tokenize(),
+            asset.tokenize(),
             Bytes(encoded).tokenize(),
         ])
     }
diff --git a/packages/native-utils/tests/hash.test.ts b/packages/native-utils/tests/hash.test.ts
index bf18a3d..fb74863 100644
--- a/packages/native-utils/tests/hash.test.ts
+++ b/packages/native-utils/tests/hash.test.ts
@@ -129,7 +129,7 @@ describe('encodeOutcome', () => {
       ...DEFAULT_STATE,
       outcome: [
         {
-          assetHolderAddress: '0x0000000000000000000000000000000000000000',
+          asset: '0x0000000000000000000000000000000000000000',
           allocationItems: [
             {
               destination:
@@ -149,7 +149,7 @@ describe('encodeOutcome', () => {
       ...DEFAULT_STATE,
       outcome: [
         {
-          assetHolderAddress: '0x0000000000000000000000000000000000000000',
+          asset: '0x0000000000000000000000000000000000000000',
           allocationItems: [
             {
               destination:
@@ -174,7 +174,7 @@ describe('encodeOutcome', () => {
       ...DEFAULT_STATE,
       outcome: [
         {
-          assetHolderAddress: '0x0000000000000000000000000000000000000000',
+          asset: '0x0000000000000000000000000000000000000000',
           guarantee: {
             targetChannelId:
               '0x0000000000000000000000000000000000000000000000000000000000000000',
@@ -203,7 +203,7 @@ describe('hashOutcome', () => {
       ...DEFAULT_STATE,
       outcome: [
         {
-          assetHolderAddress: '0x0000000000000000000000000000000000000000',
+          asset: '0x0000000000000000000000000000000000000000',
           allocationItems: [
             {
               destination:
@@ -223,7 +223,7 @@ describe('hashOutcome', () => {
       ...DEFAULT_STATE,
       outcome: [
         {
-          assetHolderAddress: '0x0000000000000000000000000000000000000000',
+          asset: '0x0000000000000000000000000000000000000000',
           allocationItems: [
             {
               destination:
diff --git a/packages/native-utils/tests/recover.test.ts b/packages/native-utils/tests/recover.test.ts
index 89c645f..2e1e73a 100644
--- a/packages/native-utils/tests/recover.test.ts
+++ b/packages/native-utils/tests/recover.test.ts
@@ -15,7 +15,7 @@ const DEFAULT_STATE: State = {
   challengeDuration: 1,
   outcome: [
     {
-      assetHolderAddress: '0x0000000000000000000000000000000000000000',
+      asset: '0x0000000000000000000000000000000000000000',
       allocationItems: [
         {
           destination:
diff --git a/packages/native-utils/tests/sign.test.ts b/packages/native-utils/tests/sign.test.ts
index d0faede..45b745a 100644
--- a/packages/native-utils/tests/sign.test.ts
+++ b/packages/native-utils/tests/sign.test.ts
@@ -39,7 +39,7 @@ describe('Sign state', () => {
   test('State with asset allocation outcome', async () => {
     const outcome = [
       {
-        assetHolderAddress: '0x0000000000000000000000000000000000000000',
+        asset: '0x0000000000000000000000000000000000000000',
         allocationItems: [
           {
             destination:
@@ -71,7 +71,7 @@ describe('Sign state', () => {
   test('State with guarantee outcome', async () => {
     const outcome = [
       {
-        assetHolderAddress: '0x0000000000000000000000000000000000000000',
+        asset: '0x0000000000000000000000000000000000000000',
         guarantee: {
           targetChannelId:
             '0x0000000000000000000000000000000000000000000000000000000000000000',
diff --git a/packages/native-utils/tests/transition.test.ts b/packages/native-utils/tests/transition.test.ts
index c42731d..0ec5a48 100644
--- a/packages/native-utils/tests/transition.test.ts
+++ b/packages/native-utils/tests/transition.test.ts
@@ -4,7 +4,7 @@ import * as native from '..'
 
 const OUTCOME = [
   {
-    assetHolderAddress: '0x0000000000000000000000000000000000000000',
+    asset: '0x0000000000000000000000000000000000000000',
     guarantee: {
       targetChannelId:
         '0x0000000000000000000000000000000000000000000000000000000000000000',
@@ -137,7 +137,7 @@ describe('Validate state transitions', () => {
   test('Outcome mismatch mismatch fails', async () => {
     const otheroutcome = [
       {
-        assetHolderAddress: '0x0000000000000000000000000000000000000000',
+        asset: '0x0000000000000000000000000000000000000000',
         guarantee: {
           targetChannelId:
             '0x0000000000000000000000000000000000000000000000000000000000000000',