diff --git a/channel/asset.go b/channel/asset.go
index 9490627..aa55a26 100644
--- a/channel/asset.go
+++ b/channel/asset.go
@@ -49,8 +49,8 @@ func MakeChainID(id *big.Int) ChainID {
 	return ChainID{id}
 }
 
-// MakeAssetID makes a AssetID for the given id.
-func MakeAssetID(id *big.Int) multi.AssetID {
+// MakeLedgerBackendID makes a AssetID for the given id.
+func MakeLedgerBackendID(id *big.Int) multi.LedgerBackendID {
 	if id.Sign() < 0 {
 		panic("must not be smaller than zero")
 	}
@@ -66,7 +66,7 @@ func (id *ChainID) UnmarshalBinary(data []byte) error {
 // MarshalBinary marshals the chainID into its binary representation.
 func (id ChainID) MarshalBinary() (data []byte, err error) {
 	if id.Sign() == -1 {
-		return nil, errors.New("cannot marshal negative AssetID")
+		return nil, errors.New("cannot marshal negative LedgerBackendID")
 	}
 	return id.Bytes(), nil
 }
@@ -108,8 +108,8 @@ func (id AssetID) LedgerID() multi.LedgerID {
 	return &id.ledgerID
 }
 
-// AssetID returns the asset ID of the asset.
-func (a Asset) AssetID() multi.AssetID {
+// LedgerBackendID returns the asset ID of the asset.
+func (a Asset) LedgerBackendID() multi.LedgerBackendID {
 	return a.assetID
 }
 
@@ -141,12 +141,12 @@ func (a *Asset) UnmarshalBinary(data []byte) error {
 
 // LedgerID returns the ledger ID the asset lives on.
 func (a Asset) LedgerID() multi.LedgerID {
-	return a.AssetID().LedgerID()
+	return a.LedgerBackendID().LedgerID()
 }
 
 // NewAsset creates a new asset from an chainID and the AssetHolder address.
 func NewAsset(chainID *big.Int, assetHolder common.Address) *Asset {
-	id := MakeAssetID(chainID).(AssetID) //nolint: forcetypeassert // AssetID implements multi.AssetID
+	id := MakeLedgerBackendID(chainID).(AssetID) //nolint: forcetypeassert // LedgerBackendID implements multi.LedgerBackendID
 	return &Asset{assetID: id, AssetHolder: *wallet.AsWalletAddr(assetHolder)}
 }
 
diff --git a/channel/test/randomizer.go b/channel/test/randomizer.go
index 7a725a7..d7ad0f7 100644
--- a/channel/test/randomizer.go
+++ b/channel/test/randomizer.go
@@ -38,9 +38,9 @@ func NewRandomAsset(rng *rand.Rand) *ethchannel.Asset {
 	return ethchannel.NewAsset(chainID.ChainID(), common.Address(asset))
 }
 
-// NewRandomChainID returns a new random AssetID.
+// NewRandomChainID returns a new random LedgerBackendID.
 func NewRandomChainID(rng *rand.Rand) ethchannel.AssetID {
 	r := rng.Uint64()
 	id := new(big.Int).SetUint64(r)
-	return ethchannel.MakeAssetID(id).(ethchannel.AssetID)
+	return ethchannel.MakeLedgerBackendID(id).(ethchannel.AssetID)
 }
diff --git a/client/test/multiledger.go b/client/test/multiledger.go
index a7bba59..0364fed 100644
--- a/client/test/multiledger.go
+++ b/client/test/multiledger.go
@@ -101,8 +101,8 @@ type testLedger struct {
 }
 
 // AssetID returns the asset ID of the ledger.
-func (l testLedger) AssetID() multi.AssetID {
-	return ethchannel.MakeAssetID(ethchannel.MakeChainID(l.simSetup.SimBackend.ChainID()).Int)
+func (l testLedger) AssetID() multi.LedgerBackendID {
+	return ethchannel.MakeLedgerBackendID(ethchannel.MakeChainID(l.simSetup.SimBackend.ChainID()).Int)
 }
 
 func setupLedger(ctx context.Context, t *testing.T, rng *rand.Rand, chainID *big.Int) testLedger {
diff --git a/go.mod b/go.mod
index 4e6942e..124ccf0 100644
--- a/go.mod
+++ b/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/sirupsen/logrus v1.8.1
 	github.com/stretchr/testify v1.7.0
 	golang.org/x/sync v0.0.0-20210220032951-036812b2e83c
-	perun.network/go-perun v0.12.1-0.20250114072911-f46b0c55fe65
+	perun.network/go-perun v0.12.1-0.20250128081648-21d0af4e234b
 	polycry.pt/poly-go v0.0.0-20220301085937-fb9d71b45a37
 )
 
diff --git a/go.sum b/go.sum
index 301db34..947b32a 100644
--- a/go.sum
+++ b/go.sum
@@ -646,8 +646,8 @@ honnef.co/go/tools v0.0.0-20190418001031-e561f6794a2a/go.mod h1:rf3lG4BRIbNafJWh
 honnef.co/go/tools v0.0.0-20190523083050-ea95bdfd59fc/go.mod h1:rf3lG4BRIbNafJWhAfAdb/ePZxsR/4RtNHQocxwk9r4=
 honnef.co/go/tools v0.0.1-2019.2.3/go.mod h1:a3bituU0lyd329TUQxRnasdCoJDkEUEAqEt0JzvZhAg=
 honnef.co/go/tools v0.1.3/go.mod h1:NgwopIslSNH47DimFoV78dnkksY2EFtX0ajyb3K/las=
-perun.network/go-perun v0.12.1-0.20250114072911-f46b0c55fe65 h1:kJ3AS374fe23a/9puoaOwCr9Bx2L/WJ5p2npDql3m4A=
-perun.network/go-perun v0.12.1-0.20250114072911-f46b0c55fe65/go.mod h1:uH8iwi75alXDizxxDzH0A+6uqXPbagCpKfl8ECMv/cA=
+perun.network/go-perun v0.12.1-0.20250128081648-21d0af4e234b h1:6FeodthJZB10aWGk/DgtV2VicacyUnLaUoT8OUcwSms=
+perun.network/go-perun v0.12.1-0.20250128081648-21d0af4e234b/go.mod h1:uH8iwi75alXDizxxDzH0A+6uqXPbagCpKfl8ECMv/cA=
 polycry.pt/poly-go v0.0.0-20220301085937-fb9d71b45a37 h1:iA5GzEa/hHfVlQpimEjPV09NATwHXxSjWNB0VVodtew=
 polycry.pt/poly-go v0.0.0-20220301085937-fb9d71b45a37/go.mod h1:XUBrNtqgEhN3EEOP/5gh7IBd3xVHKidCjXDZfl9+kMU=
 rsc.io/binaryregexp v0.2.0/go.mod h1:qTv7/COck+e2FymRvadv62gMdZztPaShugOCi3I+8D8=