diff --git a/contracts/asset-proxy/contracts/src/MultiAssetProxy.sol b/contracts/asset-proxy/contracts/src/MultiAssetProxy.sol
index a0261f872c..dfda0544a5 100644
--- a/contracts/asset-proxy/contracts/src/MultiAssetProxy.sol
+++ b/contracts/asset-proxy/contracts/src/MultiAssetProxy.sol
@@ -90,35 +90,10 @@ contract MultiAssetProxy is
                 //          offset to assetData.
 
                 // Load offset to `assetData`
-                let assetDataOffset := calldataload(4)
+                let assetDataOffset := add(calldataload(4), 4)
 
                 // Load length in bytes of `assetData`
-                let assetDataLength := calldataload(add(assetDataOffset, 4))
-
-                // Assert that the length of asset data:
-                // 1. Must be at least 132 bytes (see table above)
-                // 2. Must be a multiple of 32 (excluding the 4-byte selector)
-                if or(lt(assetDataLength, 132), mod(sub(assetDataLength, 4), 32)) {
-                    // Revert with `Error("INVALID_ASSET_DATA_LENGTH")`
-                    mstore(0, 0x08c379a000000000000000000000000000000000000000000000000000000000)
-                    mstore(32, 0x0000002000000000000000000000000000000000000000000000000000000000)
-                    mstore(64, 0x00000019494e56414c49445f41535345545f444154415f4c454e475448000000)
-                    mstore(96, 0)
-                    revert(0, 100)
-                }
-
-                // End of asset data in calldata
-                // +4 for selector
-                // +32 for length field
-                let assetDataEnd := add(assetDataOffset, add(assetDataLength, 36))
-                if gt(assetDataEnd, calldatasize()) {
-                    // Revert with `Error("INVALID_ASSET_DATA_END")`
-                    mstore(0, 0x08c379a000000000000000000000000000000000000000000000000000000000)
-                    mstore(32, 0x0000002000000000000000000000000000000000000000000000000000000000)
-                    mstore(64, 0x00000016494e56414c49445f41535345545f444154415f454e44000000000000)
-                    mstore(96, 0)
-                    revert(0, 100)
-                }
+                let assetDataLength := calldataload(assetDataOffset)
 
                 // Asset data itself is encoded as follows:
                 //
@@ -136,41 +111,62 @@ contract MultiAssetProxy is
                 // |          | 132 + a     | b       | nestedAssetData Contents (offsets)  |
                 // |          | 132 + a + b |         | nestedAssetData[0, ..., len]        |
 
+                // Assert that the length of asset data:
+                // 1. Must be at least 68 bytes (see table above)
+                // 2. Must be a multiple of 32 (excluding the 4-byte selector)
+                if or(lt(assetDataLength, 68), mod(sub(assetDataLength, 4), 32)) {
+                    // Revert with `Error("INVALID_ASSET_DATA_LENGTH")`
+                    mstore(0, 0x08c379a000000000000000000000000000000000000000000000000000000000)
+                    mstore(32, 0x0000002000000000000000000000000000000000000000000000000000000000)
+                    mstore(64, 0x00000019494e56414c49445f41535345545f444154415f4c454e475448000000)
+                    mstore(96, 0)
+                    revert(0, 100)
+                }
+
+                // End of asset data in calldata
+                // assetDataOffset
+                // + 32 (assetData len)
+                let assetDataEnd := add(assetDataOffset, add(assetDataLength, 32))
+                if gt(assetDataEnd, calldatasize()) {
+                    // Revert with `Error("INVALID_ASSET_DATA_END")`
+                    mstore(0, 0x08c379a000000000000000000000000000000000000000000000000000000000)
+                    mstore(32, 0x0000002000000000000000000000000000000000000000000000000000000000)
+                    mstore(64, 0x00000016494e56414c49445f41535345545f444154415f454e44000000000000)
+                    mstore(96, 0)
+                    revert(0, 100)
+                }
+
                 // In order to find the offset to `amounts`, we must add:
-                // 4 (function selector)
-                // + assetDataOffset
+                // assetDataOffset
                 // + 32 (assetData len)
                 // + 4 (assetProxyId)
-                let amountsOffset := calldataload(add(assetDataOffset, 40))
+                let amountsOffset := calldataload(add(assetDataOffset, 36))
 
                 // In order to find the offset to `nestedAssetData`, we must add:
-                // 4 (function selector)
-                // + assetDataOffset
+                // assetDataOffset
                 // + 32 (assetData len)
                 // + 4 (assetProxyId)
                 // + 32 (amounts offset)
-                let nestedAssetDataOffset := calldataload(add(assetDataOffset, 72))
+                let nestedAssetDataOffset := calldataload(add(assetDataOffset, 68))
 
                 // In order to find the start of the `amounts` contents, we must add: 
-                // 4 (function selector) 
-                // + assetDataOffset 
+                // assetDataOffset 
                 // + 32 (assetData len)
                 // + 4 (assetProxyId)
                 // + amountsOffset
                 // + 32 (amounts len)
-                let amountsContentsStart := add(assetDataOffset, add(amountsOffset, 72))
+                let amountsContentsStart := add(assetDataOffset, add(amountsOffset, 68))
 
                 // Load number of elements in `amounts`
                 let amountsLen := calldataload(sub(amountsContentsStart, 32))
 
                 // In order to find the start of the `nestedAssetData` contents, we must add: 
-                // 4 (function selector) 
-                // + assetDataOffset 
+                // assetDataOffset 
                 // + 32 (assetData len)
                 // + 4 (assetProxyId)
                 // + nestedAssetDataOffset
                 // + 32 (nestedAssetData len)
-                let nestedAssetDataContentsStart := add(assetDataOffset, add(nestedAssetDataOffset, 72))
+                let nestedAssetDataContentsStart := add(assetDataOffset, add(nestedAssetDataOffset, 68))
 
                 // Load number of elements in `nestedAssetData`
                 let nestedAssetDataLen := calldataload(sub(nestedAssetDataContentsStart, 32))
@@ -232,15 +228,20 @@ contract MultiAssetProxy is
                     let nestedAssetDataElementOffset := calldataload(add(nestedAssetDataContentsStart, i))
 
                     // In order to find the start of the `nestedAssetData[i]` contents, we must add:
-                    // 4 (function selector) 
-                    // + assetDataOffset 
+                    // assetDataOffset 
                     // + 32 (assetData len)
                     // + 4 (assetProxyId)
                     // + nestedAssetDataOffset
                     // + 32 (nestedAssetData len)
                     // + nestedAssetDataElementOffset
                     // + 32 (nestedAssetDataElement len)
-                    let nestedAssetDataElementContentsStart := add(assetDataOffset, add(nestedAssetDataOffset, add(nestedAssetDataElementOffset, 104)))
+                    let nestedAssetDataElementContentsStart := add(
+                        assetDataOffset,
+                        add(
+                            nestedAssetDataOffset,
+                            add(nestedAssetDataElementOffset, 100)
+                        )
+                    )
 
                     // Load length of `nestedAssetData[i]`
                     let nestedAssetDataElementLenStart := sub(nestedAssetDataElementContentsStart, 32)
diff --git a/contracts/asset-proxy/test/proxies.ts b/contracts/asset-proxy/test/proxies.ts
index 8003b1af58..ffca38a77f 100644
--- a/contracts/asset-proxy/test/proxies.ts
+++ b/contracts/asset-proxy/test/proxies.ts
@@ -1712,18 +1712,18 @@ describe('Asset Transfer Proxies', () => {
                     RevertReason.InvalidAssetDataLength,
                 );
             });
-            it('should revert if length of assetData is less than 132 bytes', async () => {
+            it('should revert if length of assetData is less than 68 bytes', async () => {
                 // setup test parameters
                 const inputAmount = new BigNumber(1);
                 // we'll construct asset data that has a 4 byte selector plus
-                // 96 byte payload. This results in asset data that is 100 bytes
+                // 32 byte payload. This results in asset data that is 36 bytes
                 // long and will trigger the `invalid length` error.
                 // we must be sure to use a # of bytes that is still %32
                 // so that we know the error is not triggered by another check in the code.
-                const zeros96Bytes = '0'.repeat(188);
-                const assetData131Bytes = `${AssetProxyId.MultiAsset}${zeros96Bytes}`;
+                const zeros32Bytes = '0'.repeat(64);
+                const assetData36Bytes = `${AssetProxyId.MultiAsset}${zeros32Bytes}`;
                 const badData = assetProxyInterface.transferFrom.getABIEncodedTransactionData(
-                    assetData131Bytes,
+                    assetData36Bytes,
                     fromAddress,
                     toAddress,
                     inputAmount,