diff --git a/src/lazy-migrations/005-foreign-assets-migration.ts b/src/lazy-migrations/005-foreign-assets-migration.ts
new file mode 100644
index 0000000..903e441
--- /dev/null
+++ b/src/lazy-migrations/005-foreign-assets-migration.ts
@@ -0,0 +1,161 @@
+// 005-foreign-assets-migration.ts
+
+import yargs from "yargs";
+import "@polkadot/api-augment";
+import { ApiPromise, Keyring } from "@polkadot/api";
+import { KeyringPair } from "@polkadot/keyring/types";
+import { getApiFor, NETWORK_YARGS_OPTIONS } from "../utils/networks.ts";
+import {
+  monitorSubmittedExtrinsic,
+  waitForAllMonitoredExtrinsics,
+} from "../utils/monitoring.ts";
+import { ALITH_PRIVATE_KEY } from "../utils/constants.ts";
+import { SpRuntimeDispatchError } from "@polkadot/types/lookup";
+
+const argv = yargs(process.argv.slice(2))
+  .usage("Usage: $0")
+  .version("1.0.0")
+  .options({
+    ...NETWORK_YARGS_OPTIONS,
+    "account-priv-key": {
+      type: "string",
+      demandOption: false,
+      alias: "account",
+    },
+    "asset-id": {
+      type: "string",
+      demandOption: true,
+      describe: "Asset ID to migrate",
+    },
+    limit: {
+      type: "number",
+      default: 100,
+      describe: "Maximum number of balances/approvals to migrate per batch",
+    },
+    alith: {
+      type: "boolean",
+      demandOption: false,
+      conflicts: ["account-priv-key"],
+    },
+  })
+  .check((argv) => {
+    if (!(argv["account-priv-key"] || argv["alith"])) {
+      throw new Error("Missing --account-priv-key or --alith");
+    }
+    return true;
+  }).argv;
+
+interface MigrationInfo {
+    assetId: string;
+    remainingBalances: number;
+    remainingApprovals: number;
+};
+
+async function checkMigrationFailure(api: ApiPromise, txId: string) {
+  const events = await api.query.system.events();
+  
+  // Find ExtrinsicFailed events
+  const failures = events.filter(({ event }) => {
+    if (!api.events.system.ExtrinsicFailed.is(event)) {
+      return false;
+    }
+    const dispatchError = event.data.dispatchError;
+    if (!dispatchError.isModule) {
+      return false;
+    }
+    const moduleError = api.registry.findMetaError(dispatchError.asModule);
+    return moduleError.section === 'moonbeamLazyMigrations' || moduleError.section === 'moonbeamForeignAssets';
+  }).map(
+    ({
+      event: {
+        data: [error, info],
+      },
+    }) => {
+      const dispatchError = error as SpRuntimeDispatchError;
+      if (dispatchError.isModule) {
+        const decoded = api.registry.findMetaError(dispatchError.asModule);
+        const { docs, method, section } = decoded;
+
+        return `${section}.${method}: ${docs.join(" ")}`;
+      } else {
+        // Other, CannotLookup, BadOrigin, no extra info
+        return error.toString();
+      }
+    }
+  );
+
+  if (failures.length > 0) {
+    const errorDetails = failures.join("\n");
+    throw new Error(`Migration failed for ${txId}: ${errorDetails}`);
+  }
+}
+
+async function main() {
+  const api = await getApiFor(argv);
+  const keyring = new Keyring({ type: "ethereum" });
+  const assetId = argv["asset-id"];
+
+  try {
+    let account: KeyringPair;
+    let nonce: bigint;
+
+    // Setup account
+    const privKey = argv["alith"] ? ALITH_PRIVATE_KEY : argv["account-priv-key"];
+    account = keyring.addFromUri(privKey, null, "ethereum");
+    const { nonce: rawNonce } = await api.query.system.account(account.address);
+    nonce = BigInt(rawNonce.toString());
+
+    const rawMigrationInfo = await api.query.moonbeamLazyMigrations.foreignAssetMigrationStatusValue();
+    console.log("Migration info:", rawMigrationInfo.toString());
+    
+    // Step 1: Start migration
+    const txStart = api.tx.moonbeamLazyMigrations.startForeignAssetsMigration(assetId);
+    await txStart.signAndSend(
+      account,
+      { nonce: nonce++ },
+      monitorSubmittedExtrinsic(api, { id: `start-migration-${assetId}` })
+    );
+    await waitForAllMonitoredExtrinsics();
+    await checkMigrationFailure(api, `start-migration-${assetId}`);
+    console.log("Started migration for asset", assetId);
+
+    // Step 2: Migrate balances
+    const txBalances = api.tx.moonbeamLazyMigrations.migrateForeignAssetBalances(argv.limit);
+    await txBalances.signAndSend(
+      account,
+      { nonce: nonce++ },
+      monitorSubmittedExtrinsic(api, { id: `migrate-balances-${assetId}` })
+    );
+    console.log("Migrated balances for asset", assetId);
+
+    // Step 3: Migrate approvals
+    const txApprovals = api.tx.moonbeamLazyMigrations.migrateForeignAssetApprovals(argv.limit);
+    await txApprovals.signAndSend(
+      account,
+      { nonce: nonce++ },
+      monitorSubmittedExtrinsic(api, { id: `migrate-approvals-${assetId}` })
+    );
+    console.log("Migrated approvals for asset", assetId);
+
+    // Step 4: Finish migration
+    const txFinish = api.tx.moonbeamLazyMigrations.finishForeignAssetsMigration();
+    await txFinish.signAndSend(
+      account,
+      { nonce: nonce++ },
+      monitorSubmittedExtrinsic(api, { id: `finish-migration-${assetId}` })
+    );
+    console.log("Finished migration for asset", assetId);
+
+  } catch (error) {
+    console.error("Migration error:", error);
+    throw error;
+  } finally {
+    await waitForAllMonitoredExtrinsics();
+    await api.disconnect();
+  }
+}
+
+main().catch((err) => {
+  console.error("ERR!", err);
+  process.exit(1);
+});
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