diff --git a/crates/oracle/Cargo.toml b/crates/oracle/Cargo.toml
index 7d40b980c3..81efe41d17 100644
--- a/crates/oracle/Cargo.toml
+++ b/crates/oracle/Cargo.toml
@@ -22,19 +22,20 @@ pallet-timestamp = { git = "https://github.com/paritytech/substrate", branch = "
 
 # Parachain dependencies
 security = { path = "../security", default-features = false }
-primitives = { package = "interbtc-primitives", path = "../../primitives", default-features = false }
 staking = { path = "../staking", default-features = false }
 currency = { path = "../currency", default-features = false }
 traits = { path = '../traits', default-features = false }
 
-[dev-dependencies]
-mocktopus = "0.8.0"
-frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
+primitives = { package = "interbtc-primitives", path = "../../primitives", default-features = false }
 
 # Orml dependencies
 orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "dc39cfddefb10ef0de23655e2c3dcdab66a19404", default-features = false }
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "dc39cfddefb10ef0de23655e2c3dcdab66a19404", default-features = false }
 
+[dev-dependencies]
+mocktopus = "0.8.0"
+frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
+
 [features]
 default = ["std"]
 std = [
@@ -54,7 +55,12 @@ std = [
     "security/std",
     "staking/std",
     "currency/std",
+    "traits/std",
+
     "primitives/std",
+
+    "orml-tokens/std",
+    "orml-traits/std",
 ]
 runtime-benchmarks = [
 	"frame-benchmarking",
diff --git a/crates/oracle/src/lib.rs b/crates/oracle/src/lib.rs
index fe288eac2c..d9e0db1708 100644
--- a/crates/oracle/src/lib.rs
+++ b/crates/oracle/src/lib.rs
@@ -47,6 +47,7 @@ use traits::OracleApi;
 pub use pallet::*;
 pub use primitives::{oracle::Key as OracleKey, CurrencyId, TruncateFixedPointToInt};
 pub use traits::OnExchangeRateChange;
+pub use types::*;
 
 #[derive(Encode, Decode, Eq, PartialEq, Clone, Copy, Ord, PartialOrd, TypeInfo, MaxEncodedLen)]
 pub struct TimestampedValue<Value, Moment> {
@@ -146,6 +147,9 @@ pub mod pallet {
     #[pallet::getter(fn authorized_oracles)]
     pub type AuthorizedOracles<T: Config> = StorageMap<_, Blake2_128Concat, T::AccountId, Vec<u8>, ValueQuery>;
 
+    #[pallet::storage]
+    pub type RebaseTokens<T: Config> = StorageMap<_, Blake2_128Concat, CurrencyId, CurrencyId, OptionQuery>;
+
     #[pallet::type_value]
     pub(super) fn DefaultForStorageVersion() -> Version {
         Version::V0
diff --git a/crates/oracle/src/mock.rs b/crates/oracle/src/mock.rs
index eeab5d95e5..fdbbd4dd00 100644
--- a/crates/oracle/src/mock.rs
+++ b/crates/oracle/src/mock.rs
@@ -1,12 +1,15 @@
 use crate as oracle;
-use crate::{Config, Error};
+use crate::{types::*, Config, Error};
 use frame_support::{
     parameter_types,
     traits::{ConstU32, Everything, GenesisBuild},
 };
 use mocktopus::mocking::clear_mocks;
 use orml_traits::parameter_type_with_key;
-pub use primitives::{CurrencyId::Token, TokenSymbol::*};
+pub use primitives::{
+    CurrencyId::{ForeignAsset, Token},
+    TokenSymbol::*,
+};
 use sp_arithmetic::{FixedI128, FixedU128};
 use sp_core::H256;
 use sp_runtime::{
@@ -14,6 +17,9 @@ use sp_runtime::{
     traits::{BlakeTwo256, IdentityLookup},
 };
 
+pub type OracleRebase =
+    Combiner<AccountId, IsRebaseToken<Test>, Mapper<AccountId, RebaseAdapter<Test>, Tokens>, Tokens>;
+
 type UncheckedExtrinsic = frame_system::mocking::MockUncheckedExtrinsic<Test>;
 type Block = frame_system::mocking::MockBlock<Test>;
 
diff --git a/crates/oracle/src/tests.rs b/crates/oracle/src/tests.rs
index 3bcb750331..2b5afcbe07 100644
--- a/crates/oracle/src/tests.rs
+++ b/crates/oracle/src/tests.rs
@@ -1,6 +1,7 @@
-use crate::{mock::*, CurrencyId, OracleKey};
+use crate::{mock::*, CurrencyId, OracleKey, RebaseTokens};
 use frame_support::{assert_err, assert_ok, dispatch::DispatchError};
 use mocktopus::mocking::*;
+use orml_traits::MultiCurrency;
 use sp_arithmetic::FixedU128;
 use sp_runtime::FixedPointNumber;
 
@@ -363,3 +364,43 @@ fn test_median() {
         assert_eq!(Oracle::median(input_fixedpoint), output_fixedpoint);
     }
 }
+
+#[test]
+fn test_rebase_tokens() {
+    run_test(|| {
+        Oracle::is_authorized.mock_safe(|_| MockResult::Return(true));
+        RebaseTokens::<Test>::insert(ForeignAsset(2), Token(KSM));
+        assert_ok!(Oracle::feed_values(
+            RuntimeOrigin::signed(0),
+            vec![
+                // LKSM/BTC => 0.00018807
+                (
+                    OracleKey::ExchangeRate(ForeignAsset(2)),
+                    FixedU128::from_inner(53_171_691_391_503_161_727_385_600)
+                ),
+                // KSM/BTC => 0.00148502
+                (
+                    OracleKey::ExchangeRate(Token(KSM)),
+                    FixedU128::from_inner(6_733_916_041_534_794_629_120_000)
+                ),
+            ],
+        ));
+
+        mine_block();
+
+        assert_ok!(Tokens::set_balance(
+            RuntimeOrigin::root(),
+            0,
+            ForeignAsset(2),
+            1000000000000,
+            0
+        ));
+
+        // LKSM/KSM => 0.12664475899314487
+        assert_eq!(126644758993, OracleRebase::total_issuance(ForeignAsset(2)));
+        assert_eq!(126644758993, OracleRebase::total_balance(ForeignAsset(2), &0));
+        assert_eq!(126644758993, OracleRebase::free_balance(ForeignAsset(2), &0));
+
+        assert_ok!(OracleRebase::transfer(ForeignAsset(2), &0, &1, 126644758993));
+    });
+}
diff --git a/crates/oracle/src/types.rs b/crates/oracle/src/types.rs
index 12118151c8..8011ce1140 100644
--- a/crates/oracle/src/types.rs
+++ b/crates/oracle/src/types.rs
@@ -1,5 +1,11 @@
+use crate::{Config, CurrencyId, Pallet, RebaseTokens};
 use codec::{Decode, Encode, MaxEncodedLen};
+use frame_support::traits::Contains;
+use orml_tokens::ConvertBalance;
+use orml_traits::MultiCurrency;
 use scale_info::TypeInfo;
+use sp_runtime::DispatchResult;
+use sp_std::marker::PhantomData;
 
 pub(crate) type BalanceOf<T> = <T as currency::Config>::Balance;
 
@@ -11,3 +17,198 @@ pub enum Version {
     /// Initial version.
     V0,
 }
+
+pub struct RebaseAdapter<T>(PhantomData<T>);
+
+impl<T> ConvertBalance<BalanceOf<T>, BalanceOf<T>> for RebaseAdapter<T>
+where
+    T: Config,
+{
+    type AssetId = CurrencyId;
+
+    fn convert_balance(amount: BalanceOf<T>, from_asset_id: CurrencyId) -> BalanceOf<T> {
+        if let Some(to_asset_id) = RebaseTokens::<T>::get(&from_asset_id) {
+            let amount = Pallet::<T>::collateral_to_wrapped(amount, from_asset_id).unwrap_or_default();
+            Pallet::<T>::wrapped_to_collateral(amount, to_asset_id).unwrap_or_default()
+        } else {
+            amount
+        }
+    }
+
+    fn convert_balance_back(amount: BalanceOf<T>, from_asset_id: CurrencyId) -> BalanceOf<T> {
+        if let Some(to_asset_id) = RebaseTokens::<T>::get(&from_asset_id) {
+            let amount = Pallet::<T>::collateral_to_wrapped(amount, to_asset_id).unwrap_or_default();
+            Pallet::<T>::wrapped_to_collateral(amount, from_asset_id).unwrap_or_default()
+        } else {
+            amount
+        }
+    }
+}
+
+pub struct IsRebaseToken<T>(PhantomData<T>);
+
+impl<T> Contains<CurrencyId> for IsRebaseToken<T>
+where
+    T: Config,
+{
+    fn contains(currency_id: &CurrencyId) -> bool {
+        RebaseTokens::<T>::contains_key(currency_id)
+    }
+}
+
+pub struct Combiner<AccountId, TestKey, A, B>(PhantomData<(AccountId, TestKey, A, B)>);
+
+impl<AccountId, TestKey, A, B> MultiCurrency<AccountId> for Combiner<AccountId, TestKey, A, B>
+where
+    TestKey: Contains<CurrencyId>,
+    A: MultiCurrency<AccountId, CurrencyId = CurrencyId, Balance = <B as MultiCurrency<AccountId>>::Balance>,
+    B: MultiCurrency<AccountId, CurrencyId = CurrencyId>,
+{
+    type CurrencyId = CurrencyId;
+    type Balance = <B as MultiCurrency<AccountId>>::Balance;
+
+    fn minimum_balance(currency_id: Self::CurrencyId) -> Self::Balance {
+        if TestKey::contains(&currency_id) {
+            A::minimum_balance(currency_id)
+        } else {
+            B::minimum_balance(currency_id)
+        }
+    }
+
+    fn total_issuance(currency_id: Self::CurrencyId) -> Self::Balance {
+        if TestKey::contains(&currency_id) {
+            A::total_issuance(currency_id)
+        } else {
+            B::total_issuance(currency_id)
+        }
+    }
+
+    fn total_balance(currency_id: Self::CurrencyId, who: &AccountId) -> Self::Balance {
+        if TestKey::contains(&currency_id) {
+            A::total_balance(currency_id, who)
+        } else {
+            B::total_balance(currency_id, who)
+        }
+    }
+
+    fn free_balance(currency_id: Self::CurrencyId, who: &AccountId) -> Self::Balance {
+        if TestKey::contains(&currency_id) {
+            A::free_balance(currency_id, who)
+        } else {
+            B::free_balance(currency_id, who)
+        }
+    }
+
+    fn ensure_can_withdraw(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> DispatchResult {
+        if TestKey::contains(&currency_id) {
+            A::ensure_can_withdraw(currency_id, who, amount)
+        } else {
+            B::ensure_can_withdraw(currency_id, who, amount)
+        }
+    }
+
+    fn transfer(
+        currency_id: Self::CurrencyId,
+        from: &AccountId,
+        to: &AccountId,
+        amount: Self::Balance,
+    ) -> DispatchResult {
+        if TestKey::contains(&currency_id) {
+            A::transfer(currency_id, from, to, amount)
+        } else {
+            B::transfer(currency_id, from, to, amount)
+        }
+    }
+
+    fn deposit(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> DispatchResult {
+        if TestKey::contains(&currency_id) {
+            A::deposit(currency_id, who, amount)
+        } else {
+            B::deposit(currency_id, who, amount)
+        }
+    }
+
+    fn withdraw(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> DispatchResult {
+        if TestKey::contains(&currency_id) {
+            A::withdraw(currency_id, who, amount)
+        } else {
+            B::withdraw(currency_id, who, amount)
+        }
+    }
+
+    fn can_slash(currency_id: Self::CurrencyId, who: &AccountId, value: Self::Balance) -> bool {
+        if TestKey::contains(&currency_id) {
+            A::can_slash(currency_id, who, value)
+        } else {
+            B::can_slash(currency_id, who, value)
+        }
+    }
+
+    fn slash(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> Self::Balance {
+        if TestKey::contains(&currency_id) {
+            A::slash(currency_id, who, amount)
+        } else {
+            B::slash(currency_id, who, amount)
+        }
+    }
+}
+
+pub struct Mapper<AccountId, C, T>(PhantomData<(AccountId, C, T)>);
+
+impl<AccountId, C, T> MultiCurrency<AccountId> for Mapper<AccountId, C, T>
+where
+    C: ConvertBalance<
+        <T as MultiCurrency<AccountId>>::Balance,
+        <T as MultiCurrency<AccountId>>::Balance,
+        AssetId = CurrencyId,
+    >,
+    T: MultiCurrency<AccountId, CurrencyId = CurrencyId>,
+{
+    type CurrencyId = CurrencyId;
+    type Balance = <T as MultiCurrency<AccountId>>::Balance;
+
+    fn minimum_balance(currency_id: Self::CurrencyId) -> Self::Balance {
+        C::convert_balance(T::minimum_balance(currency_id), currency_id)
+    }
+
+    fn total_issuance(currency_id: Self::CurrencyId) -> Self::Balance {
+        C::convert_balance(T::total_issuance(currency_id), currency_id)
+    }
+
+    fn total_balance(currency_id: Self::CurrencyId, who: &AccountId) -> Self::Balance {
+        C::convert_balance(T::total_balance(currency_id, who), currency_id)
+    }
+
+    fn free_balance(currency_id: Self::CurrencyId, who: &AccountId) -> Self::Balance {
+        C::convert_balance(T::free_balance(currency_id, who), currency_id)
+    }
+
+    fn ensure_can_withdraw(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> DispatchResult {
+        T::ensure_can_withdraw(currency_id, who, C::convert_balance_back(amount, currency_id))
+    }
+
+    fn transfer(
+        currency_id: Self::CurrencyId,
+        from: &AccountId,
+        to: &AccountId,
+        amount: Self::Balance,
+    ) -> DispatchResult {
+        T::transfer(currency_id, from, to, C::convert_balance_back(amount, currency_id))
+    }
+
+    fn deposit(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> DispatchResult {
+        T::deposit(currency_id, who, C::convert_balance_back(amount, currency_id))
+    }
+
+    fn withdraw(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> DispatchResult {
+        T::withdraw(currency_id, who, C::convert_balance_back(amount, currency_id))
+    }
+
+    fn can_slash(currency_id: Self::CurrencyId, who: &AccountId, value: Self::Balance) -> bool {
+        T::can_slash(currency_id, who, C::convert_balance_back(value, currency_id))
+    }
+
+    fn slash(currency_id: Self::CurrencyId, who: &AccountId, amount: Self::Balance) -> Self::Balance {
+        T::slash(currency_id, who, C::convert_balance_back(amount, currency_id))
+    }
+}