diff --git a/pallets/api/src/fungibles/mod.rs b/pallets/api/src/fungibles/mod.rs
index c045fb84..bdfe30db 100644
--- a/pallets/api/src/fungibles/mod.rs
+++ b/pallets/api/src/fungibles/mod.rs
@@ -134,7 +134,7 @@ pub mod pallet {
 	#[pallet::generate_deposit(pub(super) fn deposit_event)]
 	pub enum Event<T: Config> {
 		/// Event emitted when allowance by `owner` to `spender` changes.
-		Approve {
+		Approval {
 			/// The token.
 			token: TokenIdOf<T>,
 			/// The owner providing the allowance.
@@ -278,7 +278,7 @@ pub mod pallet {
 					}
 				},
 			};
-			Self::deposit_event(Event::Approve { token, owner, spender, value });
+			Self::deposit_event(Event::Approval { token, owner, spender, value });
 			Ok(Some(weight).into())
 		}
 
@@ -306,7 +306,7 @@ pub mod pallet {
 			)
 			.map_err(|e| e.with_weight(AssetsWeightInfoOf::<T>::approve_transfer()))?;
 			let value = AssetsOf::<T>::allowance(token.clone(), &owner, &spender);
-			Self::deposit_event(Event::Approve { token, owner, spender, value });
+			Self::deposit_event(Event::Approval { token, owner, spender, value });
 			Ok(().into())
 		}
 
@@ -352,7 +352,7 @@ pub mod pallet {
 				)?;
 				WeightOf::<T>::approve(1, 1)
 			};
-			Self::deposit_event(Event::Approve { token, owner, spender, value: new_allowance });
+			Self::deposit_event(Event::Approval { token, owner, spender, value: new_allowance });
 			Ok(Some(weight).into())
 		}
 
diff --git a/pallets/api/src/fungibles/tests.rs b/pallets/api/src/fungibles/tests.rs
index 92a3c8ed..b1913cec 100644
--- a/pallets/api/src/fungibles/tests.rs
+++ b/pallets/api/src/fungibles/tests.rs
@@ -195,7 +195,7 @@ mod approve {
 				Ok(Some(WeightInfo::approve(1, 0)).into())
 			);
 			assert_eq!(Assets::allowance(token, &owner, &spender), value);
-			System::assert_last_event(Event::Approve { token, owner, spender, value }.into());
+			System::assert_last_event(Event::Approval { token, owner, spender, value }.into());
 			// Approves a value to spend that is lower than the current allowance.
 			assert_eq!(
 				Fungibles::approve(signed(owner), token, spender, value / 2),
@@ -203,7 +203,7 @@ mod approve {
 			);
 			assert_eq!(Assets::allowance(token, &owner, &spender), value / 2);
 			System::assert_last_event(
-				Event::Approve { token, owner, spender, value: value / 2 }.into(),
+				Event::Approval { token, owner, spender, value: value / 2 }.into(),
 			);
 			// Approves a value to spend that is equal to the current allowance.
 			assert_eq!(
@@ -212,7 +212,7 @@ mod approve {
 			);
 			assert_eq!(Assets::allowance(token, &owner, &spender), value / 2);
 			System::assert_last_event(
-				Event::Approve { token, owner, spender, value: value / 2 }.into(),
+				Event::Approval { token, owner, spender, value: value / 2 }.into(),
 			);
 			// Sets allowance to zero.
 			assert_eq!(
@@ -220,7 +220,7 @@ mod approve {
 				Ok(Some(WeightInfo::approve(0, 1)).into())
 			);
 			assert_eq!(Assets::allowance(token, &owner, &spender), 0);
-			System::assert_last_event(Event::Approve { token, owner, spender, value: 0 }.into());
+			System::assert_last_event(Event::Approval { token, owner, spender, value: 0 }.into());
 		});
 	}
 }
@@ -248,12 +248,12 @@ fn increase_allowance_works() {
 		assert_eq!(0, Assets::allowance(token, &owner, &spender));
 		assert_ok!(Fungibles::increase_allowance(signed(owner), token, spender, value));
 		assert_eq!(Assets::allowance(token, &owner, &spender), value);
-		System::assert_last_event(Event::Approve { token, owner, spender, value }.into());
+		System::assert_last_event(Event::Approval { token, owner, spender, value }.into());
 		// Additive.
 		assert_ok!(Fungibles::increase_allowance(signed(owner), token, spender, value));
 		assert_eq!(Assets::allowance(token, &owner, &spender), value * 2);
 		System::assert_last_event(
-			Event::Approve { token, owner, spender, value: value * 2 }.into(),
+			Event::Approval { token, owner, spender, value: value * 2 }.into(),
 		);
 	});
 }
@@ -293,7 +293,7 @@ fn decrease_allowance_works() {
 		);
 		assert_eq!(Assets::allowance(token, &owner, &spender), value / 2);
 		System::assert_last_event(
-			Event::Approve { token, owner, spender, value: value / 2 }.into(),
+			Event::Approval { token, owner, spender, value: value / 2 }.into(),
 		);
 		// Saturating if current allowance is decreased more than the owner balance.
 		assert_eq!(
@@ -301,7 +301,7 @@ fn decrease_allowance_works() {
 			Ok(Some(WeightInfo::approve(0, 1)).into())
 		);
 		assert_eq!(Assets::allowance(token, &owner, &spender), 0);
-		System::assert_last_event(Event::Approve { token, owner, spender, value: 0 }.into());
+		System::assert_last_event(Event::Approval { token, owner, spender, value: 0 }.into());
 	});
 }