diff --git a/apps/token/src/routes/governance/Proposal.graphql b/apps/token/src/routes/governance/Proposal.graphql
index f792a2c04..9978dbfae 100644
--- a/apps/token/src/routes/governance/Proposal.graphql
+++ b/apps/token/src/routes/governance/Proposal.graphql
@@ -49,6 +49,15 @@ fragment ProposalFields on Proposal {
           value
         }
       }
+      ... on UpdateAsset {
+        quantum
+        source {
+          ... on UpdateERC20 {
+            lifetimeLimit
+            withdrawThreshold
+          }
+        }
+      }
     }
   }
   votes {
diff --git a/apps/token/src/routes/governance/__generated__/ProposalFields.ts b/apps/token/src/routes/governance/__generated__/ProposalFields.ts
index 11c05b3d8..4fd060bf0 100644
--- a/apps/token/src/routes/governance/__generated__/ProposalFields.ts
+++ b/apps/token/src/routes/governance/__generated__/ProposalFields.ts
@@ -33,8 +33,8 @@ export interface ProposalFields_party {
   id: string;
 }
 
-export interface ProposalFields_terms_change_UpdateAsset {
-  __typename: "UpdateAsset" | "NewFreeform";
+export interface ProposalFields_terms_change_NewFreeform {
+  __typename: "NewFreeform";
 }
 
 export interface ProposalFields_terms_change_NewMarket_instrument_futureProduct_settlementAsset {
@@ -133,7 +133,33 @@ export interface ProposalFields_terms_change_UpdateNetworkParameter {
   networkParameter: ProposalFields_terms_change_UpdateNetworkParameter_networkParameter;
 }
 
-export type ProposalFields_terms_change = ProposalFields_terms_change_UpdateAsset | ProposalFields_terms_change_NewMarket | ProposalFields_terms_change_UpdateMarket | ProposalFields_terms_change_NewAsset | ProposalFields_terms_change_UpdateNetworkParameter;
+export interface ProposalFields_terms_change_UpdateAsset_source {
+  __typename: "UpdateERC20";
+  /**
+   * The lifetime limits deposit per address
+   * Note: this is a temporary measure for alpha mainnet
+   */
+  lifetimeLimit: string;
+  /**
+   * The maximum allowed per withdrawal
+   * Note: this is a temporary measure for alpha mainnet
+   */
+  withdrawThreshold: string;
+}
+
+export interface ProposalFields_terms_change_UpdateAsset {
+  __typename: "UpdateAsset";
+  /**
+   * The minimum economically meaningful amount of this specific asset
+   */
+  quantum: string;
+  /**
+   * The source of the updated asset
+   */
+  source: ProposalFields_terms_change_UpdateAsset_source;
+}
+
+export type ProposalFields_terms_change = ProposalFields_terms_change_NewFreeform | ProposalFields_terms_change_NewMarket | ProposalFields_terms_change_UpdateMarket | ProposalFields_terms_change_NewAsset | ProposalFields_terms_change_UpdateNetworkParameter | ProposalFields_terms_change_UpdateAsset;
 
 export interface ProposalFields_terms {
   __typename: "ProposalTerms";
diff --git a/apps/token/src/routes/governance/__generated___/Proposal.ts b/apps/token/src/routes/governance/__generated___/Proposal.ts
index d4ecf5980..e4cd52cc7 100644
--- a/apps/token/src/routes/governance/__generated___/Proposal.ts
+++ b/apps/token/src/routes/governance/__generated___/Proposal.ts
@@ -3,19 +3,19 @@ import { Schema as Types } from '@vegaprotocol/types';
 import { gql } from '@apollo/client';
 import * as Apollo from '@apollo/client';
 const defaultOptions = {} as const;
-export type ProposalFieldsFragment = { __typename?: 'Proposal', id?: string | null, reference: string, state: Types.ProposalState, datetime: string, rejectionReason?: Types.ProposalRejectionReason | null, errorDetails?: string | null, party: { __typename?: 'Party', id: string }, terms: { __typename?: 'ProposalTerms', closingDatetime: string, enactmentDatetime?: string | null, change: { __typename: 'NewAsset', name: string, symbol: string, source: { __typename: 'BuiltinAsset', maxFaucetAmountMint: string } | { __typename: 'ERC20', contractAddress: string } } | { __typename?: 'NewFreeform' } | { __typename?: 'NewMarket', decimalPlaces: number, metadata?: Array<string> | null, instrument: { __typename?: 'InstrumentConfiguration', name: string, code: string, futureProduct?: { __typename?: 'FutureProduct', settlementAsset: { __typename?: 'Asset', symbol: string } } | null } } | { __typename?: 'UpdateAsset' } | { __typename?: 'UpdateMarket', marketId: string } | { __typename?: 'UpdateNetworkParameter', networkParameter: { __typename?: 'NetworkParameter', key: string, value: string } } }, votes: { __typename?: 'ProposalVotes', yes: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null }, no: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null } } };
+export type ProposalFieldsFragment = { __typename?: 'Proposal', id?: string | null, reference: string, state: Types.ProposalState, datetime: string, rejectionReason?: Types.ProposalRejectionReason | null, errorDetails?: string | null, party: { __typename?: 'Party', id: string }, terms: { __typename?: 'ProposalTerms', closingDatetime: string, enactmentDatetime?: string | null, change: { __typename: 'NewAsset', name: string, symbol: string, source: { __typename: 'BuiltinAsset', maxFaucetAmountMint: string } | { __typename: 'ERC20', contractAddress: string } } | { __typename?: 'NewFreeform' } | { __typename?: 'NewMarket', decimalPlaces: number, metadata?: Array<string> | null, instrument: { __typename?: 'InstrumentConfiguration', name: string, code: string, futureProduct?: { __typename?: 'FutureProduct', settlementAsset: { __typename?: 'Asset', symbol: string } } | null } } | { __typename?: 'UpdateAsset', quantum: string, source: { __typename?: 'UpdateERC20', lifetimeLimit: string, withdrawThreshold: string } } | { __typename?: 'UpdateMarket', marketId: string } | { __typename?: 'UpdateNetworkParameter', networkParameter: { __typename?: 'NetworkParameter', key: string, value: string } } }, votes: { __typename?: 'ProposalVotes', yes: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null }, no: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null } } };
 
 export type ProposalQueryVariables = Types.Exact<{
   proposalId: Types.Scalars['ID'];
 }>;
 
 
-export type ProposalQuery = { __typename?: 'Query', proposal?: { __typename?: 'Proposal', id?: string | null, reference: string, state: Types.ProposalState, datetime: string, rejectionReason?: Types.ProposalRejectionReason | null, errorDetails?: string | null, party: { __typename?: 'Party', id: string }, terms: { __typename?: 'ProposalTerms', closingDatetime: string, enactmentDatetime?: string | null, change: { __typename: 'NewAsset', name: string, symbol: string, source: { __typename: 'BuiltinAsset', maxFaucetAmountMint: string } | { __typename: 'ERC20', contractAddress: string } } | { __typename?: 'NewFreeform' } | { __typename?: 'NewMarket', decimalPlaces: number, metadata?: Array<string> | null, instrument: { __typename?: 'InstrumentConfiguration', name: string, code: string, futureProduct?: { __typename?: 'FutureProduct', settlementAsset: { __typename?: 'Asset', symbol: string } } | null } } | { __typename?: 'UpdateAsset' } | { __typename?: 'UpdateMarket', marketId: string } | { __typename?: 'UpdateNetworkParameter', networkParameter: { __typename?: 'NetworkParameter', key: string, value: string } } }, votes: { __typename?: 'ProposalVotes', yes: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null }, no: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null } } } | null };
+export type ProposalQuery = { __typename?: 'Query', proposal?: { __typename?: 'Proposal', id?: string | null, reference: string, state: Types.ProposalState, datetime: string, rejectionReason?: Types.ProposalRejectionReason | null, errorDetails?: string | null, party: { __typename?: 'Party', id: string }, terms: { __typename?: 'ProposalTerms', closingDatetime: string, enactmentDatetime?: string | null, change: { __typename: 'NewAsset', name: string, symbol: string, source: { __typename: 'BuiltinAsset', maxFaucetAmountMint: string } | { __typename: 'ERC20', contractAddress: string } } | { __typename?: 'NewFreeform' } | { __typename?: 'NewMarket', decimalPlaces: number, metadata?: Array<string> | null, instrument: { __typename?: 'InstrumentConfiguration', name: string, code: string, futureProduct?: { __typename?: 'FutureProduct', settlementAsset: { __typename?: 'Asset', symbol: string } } | null } } | { __typename?: 'UpdateAsset', quantum: string, source: { __typename?: 'UpdateERC20', lifetimeLimit: string, withdrawThreshold: string } } | { __typename?: 'UpdateMarket', marketId: string } | { __typename?: 'UpdateNetworkParameter', networkParameter: { __typename?: 'NetworkParameter', key: string, value: string } } }, votes: { __typename?: 'ProposalVotes', yes: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null }, no: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null } } } | null };
 
 export type ProposalsQueryVariables = Types.Exact<{ [key: string]: never; }>;
 
 
-export type ProposalsQuery = { __typename?: 'Query', proposals?: Array<{ __typename?: 'Proposal', id?: string | null, reference: string, state: Types.ProposalState, datetime: string, rejectionReason?: Types.ProposalRejectionReason | null, errorDetails?: string | null, party: { __typename?: 'Party', id: string }, terms: { __typename?: 'ProposalTerms', closingDatetime: string, enactmentDatetime?: string | null, change: { __typename: 'NewAsset', name: string, symbol: string, source: { __typename: 'BuiltinAsset', maxFaucetAmountMint: string } | { __typename: 'ERC20', contractAddress: string } } | { __typename?: 'NewFreeform' } | { __typename?: 'NewMarket', decimalPlaces: number, metadata?: Array<string> | null, instrument: { __typename?: 'InstrumentConfiguration', name: string, code: string, futureProduct?: { __typename?: 'FutureProduct', settlementAsset: { __typename?: 'Asset', symbol: string } } | null } } | { __typename?: 'UpdateAsset' } | { __typename?: 'UpdateMarket', marketId: string } | { __typename?: 'UpdateNetworkParameter', networkParameter: { __typename?: 'NetworkParameter', key: string, value: string } } }, votes: { __typename?: 'ProposalVotes', yes: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null }, no: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null } } }> | null };
+export type ProposalsQuery = { __typename?: 'Query', proposals?: Array<{ __typename?: 'Proposal', id?: string | null, reference: string, state: Types.ProposalState, datetime: string, rejectionReason?: Types.ProposalRejectionReason | null, errorDetails?: string | null, party: { __typename?: 'Party', id: string }, terms: { __typename?: 'ProposalTerms', closingDatetime: string, enactmentDatetime?: string | null, change: { __typename: 'NewAsset', name: string, symbol: string, source: { __typename: 'BuiltinAsset', maxFaucetAmountMint: string } | { __typename: 'ERC20', contractAddress: string } } | { __typename?: 'NewFreeform' } | { __typename?: 'NewMarket', decimalPlaces: number, metadata?: Array<string> | null, instrument: { __typename?: 'InstrumentConfiguration', name: string, code: string, futureProduct?: { __typename?: 'FutureProduct', settlementAsset: { __typename?: 'Asset', symbol: string } } | null } } | { __typename?: 'UpdateAsset', quantum: string, source: { __typename?: 'UpdateERC20', lifetimeLimit: string, withdrawThreshold: string } } | { __typename?: 'UpdateMarket', marketId: string } | { __typename?: 'UpdateNetworkParameter', networkParameter: { __typename?: 'NetworkParameter', key: string, value: string } } }, votes: { __typename?: 'ProposalVotes', yes: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null }, no: { __typename?: 'ProposalVoteSide', totalTokens: string, totalNumber: string, votes?: Array<{ __typename?: 'Vote', value: Types.VoteValue, datetime: string, party: { __typename?: 'Party', id: string, stake: { __typename?: 'PartyStake', currentStakeAvailable: string } } }> | null } } }> | null };
 
 export const ProposalFieldsFragmentDoc = gql`
     fragment ProposalFields on Proposal {
@@ -69,6 +69,15 @@ export const ProposalFieldsFragmentDoc = gql`
           value
         }
       }
+      ... on UpdateAsset {
+        quantum
+        source {
+          ... on UpdateERC20 {
+            lifetimeLimit
+            withdrawThreshold
+          }
+        }
+      }
     }
   }
   votes {
diff --git a/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.spec.tsx b/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.spec.tsx
index 13e4a46a5..c719de672 100644
--- a/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.spec.tsx
+++ b/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.spec.tsx
@@ -1,9 +1,9 @@
 import { render, screen } from '@testing-library/react';
 import { generateProposal } from '../../test-helpers/generate-proposals';
 import { ProposalHeader } from './proposal-header';
-import type { Proposal_proposal } from '@vegaprotocol/governance';
+import type { ProposalFields } from '../../__generated__/ProposalFields';
 
-const renderComponent = (proposal: Proposal_proposal) => (
+const renderComponent = (proposal: ProposalFields) => (
   <ProposalHeader proposal={proposal} />
 );
 
@@ -234,6 +234,23 @@ describe('Proposal header', () => {
     );
   });
 
+  it('Renders asset change proposal header', () => {
+    render(
+      renderComponent(
+        generateProposal({
+          terms: {
+            change: {
+              __typename: 'UpdateAsset',
+            },
+          },
+        })
+      )
+    );
+    expect(screen.getByTestId('proposal-details')).toHaveTextContent(
+      'Update asset'
+    );
+  });
+
   it("Renders unknown proposal if it's a different proposal type", () => {
     render(
       renderComponent(
diff --git a/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.tsx b/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.tsx
index 18d0c786d..60eb205ce 100644
--- a/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.tsx
+++ b/apps/token/src/routes/governance/components/proposal-detail-header/proposal-header.tsx
@@ -76,6 +76,10 @@ export const ProposalHeader = ({ proposal }: { proposal: ProposalFields }) => {
       details = `${t('FreeformProposal')}: ${proposal.id}`;
       break;
     }
+    case 'UpdateAsset': {
+      details = `${t('Update asset')}`;
+      break;
+    }
   }
 
   return (
diff --git a/apps/token/src/routes/governance/proposal-fragment.ts b/apps/token/src/routes/governance/proposal-fragment.ts
index a0e44ef87..b35dc9a9d 100644
--- a/apps/token/src/routes/governance/proposal-fragment.ts
+++ b/apps/token/src/routes/governance/proposal-fragment.ts
@@ -52,6 +52,15 @@ export const PROPOSAL_FRAGMENT = gql`
             value
           }
         }
+        ... on UpdateAsset {
+          quantum
+          source {
+            ... on UpdateERC20 {
+              lifetimeLimit
+              withdrawThreshold
+            }
+          }
+        }
       }
     }
     votes {
diff --git a/apps/token/src/routes/governance/proposal/__generated__/Proposal.ts b/apps/token/src/routes/governance/proposal/__generated__/Proposal.ts
index a5da6a4a6..1202fecf9 100644
--- a/apps/token/src/routes/governance/proposal/__generated__/Proposal.ts
+++ b/apps/token/src/routes/governance/proposal/__generated__/Proposal.ts
@@ -33,8 +33,8 @@ export interface Proposal_proposal_party {
   id: string;
 }
 
-export interface Proposal_proposal_terms_change_UpdateAsset {
-  __typename: "UpdateAsset" | "NewFreeform";
+export interface Proposal_proposal_terms_change_NewFreeform {
+  __typename: "NewFreeform";
 }
 
 export interface Proposal_proposal_terms_change_NewMarket_instrument_futureProduct_settlementAsset {
@@ -133,7 +133,33 @@ export interface Proposal_proposal_terms_change_UpdateNetworkParameter {
   networkParameter: Proposal_proposal_terms_change_UpdateNetworkParameter_networkParameter;
 }
 
-export type Proposal_proposal_terms_change = Proposal_proposal_terms_change_UpdateAsset | Proposal_proposal_terms_change_NewMarket | Proposal_proposal_terms_change_UpdateMarket | Proposal_proposal_terms_change_NewAsset | Proposal_proposal_terms_change_UpdateNetworkParameter;
+export interface Proposal_proposal_terms_change_UpdateAsset_source {
+  __typename: "UpdateERC20";
+  /**
+   * The lifetime limits deposit per address
+   * Note: this is a temporary measure for alpha mainnet
+   */
+  lifetimeLimit: string;
+  /**
+   * The maximum allowed per withdrawal
+   * Note: this is a temporary measure for alpha mainnet
+   */
+  withdrawThreshold: string;
+}
+
+export interface Proposal_proposal_terms_change_UpdateAsset {
+  __typename: "UpdateAsset";
+  /**
+   * The minimum economically meaningful amount of this specific asset
+   */
+  quantum: string;
+  /**
+   * The source of the updated asset
+   */
+  source: Proposal_proposal_terms_change_UpdateAsset_source;
+}
+
+export type Proposal_proposal_terms_change = Proposal_proposal_terms_change_NewFreeform | Proposal_proposal_terms_change_NewMarket | Proposal_proposal_terms_change_UpdateMarket | Proposal_proposal_terms_change_NewAsset | Proposal_proposal_terms_change_UpdateNetworkParameter | Proposal_proposal_terms_change_UpdateAsset;
 
 export interface Proposal_proposal_terms {
   __typename: "ProposalTerms";
diff --git a/apps/token/src/routes/governance/proposals/__generated__/Proposals.ts b/apps/token/src/routes/governance/proposals/__generated__/Proposals.ts
index 7dd31f3d8..1c272ac94 100644
--- a/apps/token/src/routes/governance/proposals/__generated__/Proposals.ts
+++ b/apps/token/src/routes/governance/proposals/__generated__/Proposals.ts
@@ -33,8 +33,8 @@ export interface Proposals_proposalsConnection_edges_node_party {
   id: string;
 }
 
-export interface Proposals_proposalsConnection_edges_node_terms_change_UpdateAsset {
-  __typename: "UpdateAsset" | "NewFreeform";
+export interface Proposals_proposalsConnection_edges_node_terms_change_NewFreeform {
+  __typename: "NewFreeform";
 }
 
 export interface Proposals_proposalsConnection_edges_node_terms_change_NewMarket_instrument_futureProduct_settlementAsset {
@@ -133,7 +133,33 @@ export interface Proposals_proposalsConnection_edges_node_terms_change_UpdateNet
   networkParameter: Proposals_proposalsConnection_edges_node_terms_change_UpdateNetworkParameter_networkParameter;
 }
 
-export type Proposals_proposalsConnection_edges_node_terms_change = Proposals_proposalsConnection_edges_node_terms_change_UpdateAsset | Proposals_proposalsConnection_edges_node_terms_change_NewMarket | Proposals_proposalsConnection_edges_node_terms_change_UpdateMarket | Proposals_proposalsConnection_edges_node_terms_change_NewAsset | Proposals_proposalsConnection_edges_node_terms_change_UpdateNetworkParameter;
+export interface Proposals_proposalsConnection_edges_node_terms_change_UpdateAsset_source {
+  __typename: "UpdateERC20";
+  /**
+   * The lifetime limits deposit per address
+   * Note: this is a temporary measure for alpha mainnet
+   */
+  lifetimeLimit: string;
+  /**
+   * The maximum allowed per withdrawal
+   * Note: this is a temporary measure for alpha mainnet
+   */
+  withdrawThreshold: string;
+}
+
+export interface Proposals_proposalsConnection_edges_node_terms_change_UpdateAsset {
+  __typename: "UpdateAsset";
+  /**
+   * The minimum economically meaningful amount of this specific asset
+   */
+  quantum: string;
+  /**
+   * The source of the updated asset
+   */
+  source: Proposals_proposalsConnection_edges_node_terms_change_UpdateAsset_source;
+}
+
+export type Proposals_proposalsConnection_edges_node_terms_change = Proposals_proposalsConnection_edges_node_terms_change_NewFreeform | Proposals_proposalsConnection_edges_node_terms_change_NewMarket | Proposals_proposalsConnection_edges_node_terms_change_UpdateMarket | Proposals_proposalsConnection_edges_node_terms_change_NewAsset | Proposals_proposalsConnection_edges_node_terms_change_UpdateNetworkParameter | Proposals_proposalsConnection_edges_node_terms_change_UpdateAsset;
 
 export interface Proposals_proposalsConnection_edges_node_terms {
   __typename: "ProposalTerms";