diff --git a/packages/suite/src/storage/index.ts b/packages/suite/src/storage/index.ts
index 8db8d304aa02..ffb721a2109e 100644
--- a/packages/suite/src/storage/index.ts
+++ b/packages/suite/src/storage/index.ts
@@ -5,7 +5,7 @@ import { reloadApp } from 'src/utils/suite/reload';
 import { migrate } from './migrations';
 import type { SuiteDBSchema } from './definitions';
 
-const VERSION = 51; // don't forget to add migration and CHANGELOG when changing versions!
+const VERSION = 52; // don't forget to add migration and CHANGELOG when changing versions!
 
 /**
  *  If the object stores don't already exist then creates them.
diff --git a/packages/suite/src/storage/migrations/index.ts b/packages/suite/src/storage/migrations/index.ts
index c9e1fe4c6446..0aa83e7dda21 100644
--- a/packages/suite/src/storage/migrations/index.ts
+++ b/packages/suite/src/storage/migrations/index.ts
@@ -1176,4 +1176,24 @@ export const migrate: OnUpgradeFunc<SuiteDBSchema> = async (
             return account;
         });
     }
+
+    if (oldVersion < 52) {
+        await updateAll(transaction, 'accounts', account => {
+            if (
+                account.networkType === 'ethereum' ||
+                account.networkType === 'cardano' ||
+                account.networkType === 'solana' ||
+                account.networkType === 'ripple'
+            ) {
+                account.tokens?.forEach(token => {
+                    token.standard = token.type || '';
+                    delete token.type;
+                });
+
+                return account;
+            }
+
+            return account;
+        });
+    }
 };