diff --git a/Cargo.lock b/Cargo.lock
index 1f0e0e8e9..04b884f64 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3915,7 +3915,7 @@ dependencies = [
 
 [[package]]
 name = "hydradx-traits"
-version = "2.4.0"
+version = "2.5.0"
 dependencies = [
  "frame-support",
  "impl-trait-for-tuples",
@@ -6196,7 +6196,7 @@ dependencies = [
 
 [[package]]
 name = "pallet-asset-registry"
-version = "2.2.3"
+version = "2.2.4"
 dependencies = [
  "frame-benchmarking",
  "frame-support",
diff --git a/pallets/asset-registry/Cargo.toml b/pallets/asset-registry/Cargo.toml
index 6c3d103da..a2238fa13 100644
--- a/pallets/asset-registry/Cargo.toml
+++ b/pallets/asset-registry/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "pallet-asset-registry"
-version = "2.2.3"
+version = "2.2.4"
 description = "Pallet for asset registry management"
 authors = ["GalacticCouncil"]
 edition = "2021"
diff --git a/pallets/asset-registry/src/lib.rs b/pallets/asset-registry/src/lib.rs
index e04778035..aa5ece555 100644
--- a/pallets/asset-registry/src/lib.rs
+++ b/pallets/asset-registry/src/lib.rs
@@ -46,7 +46,7 @@ pub use pallet::*;
 
 use crate::types::{AssetDetails, AssetMetadata};
 use frame_support::BoundedVec;
-use hydradx_traits::{Registry, ShareTokenRegistry};
+use hydradx_traits::{AssetKind, CreateRegistry, Registry, ShareTokenRegistry};
 
 #[frame_support::pallet]
 pub mod pallet {
@@ -614,3 +614,12 @@ impl<T: Config> GetByKey<T::AssetId, Option<T::Balance>> for XcmRateLimitsInRegi
 		Pallet::<T>::assets(k).and_then(|details| details.xcm_rate_limit)
 	}
 }
+
+impl<T: Config> CreateRegistry<T::AssetId, T::Balance> for Pallet<T> {
+	type Error = DispatchError;
+
+	fn create_asset(name: &[u8], kind: AssetKind, existential_deposit: T::Balance) -> Result<T::AssetId, Self::Error> {
+		let bounded_name: BoundedVec<u8, T::StringLimit> = Self::to_bounded_name(name.to_vec())?;
+		Pallet::<T>::register_asset(bounded_name, kind.into(), existential_deposit, None, None)
+	}
+}
diff --git a/pallets/asset-registry/src/types.rs b/pallets/asset-registry/src/types.rs
index 7488bcc6a..364354e41 100644
--- a/pallets/asset-registry/src/types.rs
+++ b/pallets/asset-registry/src/types.rs
@@ -19,6 +19,7 @@ use frame_support::pallet_prelude::*;
 use scale_info::TypeInfo;
 use sp_std::vec::Vec;
 
+use hydradx_traits::AssetKind;
 #[cfg(feature = "std")]
 use serde::{Deserialize, Serialize};
 
@@ -26,8 +27,21 @@ use serde::{Deserialize, Serialize};
 #[cfg_attr(feature = "std", derive(Serialize, Deserialize))]
 pub enum AssetType<AssetId> {
 	Token,
-	PoolShare(AssetId, AssetId),
+	PoolShare(AssetId, AssetId), // Use XYX instead
+	XYK,
 	StableSwap,
+	Bond,
+}
+
+impl<AssetId> From<AssetKind> for AssetType<AssetId> {
+	fn from(value: AssetKind) -> Self {
+		match value {
+			AssetKind::Token => Self::Token,
+			AssetKind::XYK => Self::XYK,
+			AssetKind::StableSwap => Self::StableSwap,
+			AssetKind::Bond => Self::Bond,
+		}
+	}
 }
 
 #[derive(Encode, Decode, Eq, PartialEq, Copy, Clone, RuntimeDebug, TypeInfo, MaxEncodedLen)]
diff --git a/traits/Cargo.toml b/traits/Cargo.toml
index 170ccf1d1..e78c571cb 100644
--- a/traits/Cargo.toml
+++ b/traits/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "hydradx-traits"
-version = "2.4.0"
+version = "2.5.0"
 description = "Shared traits"
 authors = ["GalacticCouncil"]
 edition = "2021"
diff --git a/traits/src/registry.rs b/traits/src/registry.rs
index 4b795553b..231c07d93 100644
--- a/traits/src/registry.rs
+++ b/traits/src/registry.rs
@@ -16,6 +16,7 @@ pub trait Registry<AssetId, AssetName, Balance, Error> {
 	}
 }
 
+// Use CreateRegistry if possible
 pub trait ShareTokenRegistry<AssetId, AssetName, Balance, Error>: Registry<AssetId, AssetName, Balance, Error> {
 	fn retrieve_shared_asset(name: &AssetName, assets: &[AssetId]) -> Result<AssetId, Error>;
 
@@ -38,6 +39,19 @@ pub trait ShareTokenRegistry<AssetId, AssetName, Balance, Error>: Registry<Asset
 	}
 }
 
+#[derive(Eq, PartialEq, Copy, Clone)]
+pub enum AssetKind {
+	Token,
+	XYK,
+	StableSwap,
+	Bond,
+}
+
+pub trait CreateRegistry<AssetId, Balance> {
+	type Error;
+	fn create_asset(name: &[u8], kind: AssetKind, existential_deposit: Balance) -> Result<AssetId, Self::Error>;
+}
+
 // Deprecated.
 // TODO: the following macro is commented out for a reason for now - due to failing clippy in CI
 // #[deprecated(since = "0.6.0", note = "Please use `AccountIdFor` instead")]