diff --git a/cmd/litcli/ln.go b/cmd/litcli/ln.go
index 67ef137e6..695721478 100644
--- a/cmd/litcli/ln.go
+++ b/cmd/litcli/ln.go
@@ -43,6 +43,7 @@ var lnCommands = []cli.Command{
 			sendPaymentCommand,
 			payInvoiceCommand,
 			addInvoiceCommand,
+			decodeAssetInvoiceCommand,
 		},
 	},
 }
@@ -650,3 +651,65 @@ func addInvoice(ctx *cli.Context) error {
 
 	return nil
 }
+
+var decodeAssetInvoiceCommand = cli.Command{
+	Name:     "decodeassetinvoice",
+	Category: "Payments",
+	Usage: "Decodes an LN invoice and displays the invoice's amount in asset " +
+		"units specified by an asset ID",
+	Description: `
+  This command can be used to display the information encoded in an invoice.
+  Given a chosen asset_id, the invoice's amount expressed in units of the asset
+  will be displayed.
+
+  Other information such as the decimal display of an asset, and the asset
+  group information (if applicable) are also shown.
+	`,
+	ArgsUsage: "--pay_req=X --asset_id=X",
+	Flags: []cli.Flag{
+		cli.StringFlag{
+			Name:  "pay_req",
+			Usage: "a zpay32 encoded payment request to fulfill",
+		},
+		assetIDFlag,
+	},
+	Action: decodeAssetInvoice,
+}
+
+func decodeAssetInvoice(ctx *cli.Context) error {
+	ctxb := context.Background()
+
+	switch {
+	case !ctx.IsSet("pay_req"):
+		return fmt.Errorf("pay_req argument missing")
+	case !ctx.IsSet(assetIDFlag.Name):
+		return fmt.Errorf("the --asset_id flag must be set")
+	}
+
+	payReq := ctx.String("pay_req")
+
+	assetIDStr := ctx.String(assetIDFlag.Name)
+	assetIDBytes, err := hex.DecodeString(assetIDStr)
+	if err != nil {
+		return fmt.Errorf("unable to decode assetID: %v", err)
+	}
+
+	tapdConn, cleanup, err := connectSuperMacClient(ctx)
+	if err != nil {
+		return fmt.Errorf("unable to make rpc con: %w", err)
+	}
+	defer cleanup()
+
+	channelsClient := tchrpc.NewTaprootAssetChannelsClient(tapdConn)
+	resp, err := channelsClient.DecodeAssetPayReq(ctxb, &tchrpc.AssetPayReq{
+		AssetId:      assetIDBytes,
+		PayReqString: payReq,
+	})
+	if err != nil {
+		return fmt.Errorf("error adding invoice: %w", err)
+	}
+
+	printRespJSON(resp)
+
+	return nil
+}
diff --git a/go.mod b/go.mod
index 7169f01b2..5a3fe791c 100644
--- a/go.mod
+++ b/go.mod
@@ -23,7 +23,7 @@ require (
 	github.com/lightninglabs/pool v0.6.5-beta.0.20241015105339-044cb451b5df
 	github.com/lightninglabs/pool/auctioneerrpc v1.1.2
 	github.com/lightninglabs/pool/poolrpc v1.0.0
-	github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241217185126-a9a2744061f1
+	github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241219112156-ecba8f87eb24
 	github.com/lightningnetwork/lnd v0.18.4-beta.rc2
 	github.com/lightningnetwork/lnd/cert v1.2.2
 	github.com/lightningnetwork/lnd/fn v1.2.3
diff --git a/go.sum b/go.sum
index e6a5bab85..4831508c4 100644
--- a/go.sum
+++ b/go.sum
@@ -1179,6 +1179,12 @@ github.com/lightninglabs/protobuf-go-hex-display v1.34.2-hex-display h1:w7FM5LH9
 github.com/lightninglabs/protobuf-go-hex-display v1.34.2-hex-display/go.mod h1:qYOHts0dSfpeUzUFpOMr/WGzszTmLH+DiWniOlNbLDw=
 github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241217185126-a9a2744061f1 h1:YAiqidrUkbWLtCVMdW/j7WM1gOP7CXHqLNKIEowVAsA=
 github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241217185126-a9a2744061f1/go.mod h1:rkSWHSkPXX2k+PBOkEE1BA3L3qq5+Yv3m6LGkoH3tQk=
+github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241218162444-57c2454c050e h1:9YWq4/tGgrhRFKg7eyAtahxTMD6dQrl91xLFmd8KgmA=
+github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241218162444-57c2454c050e/go.mod h1:rkSWHSkPXX2k+PBOkEE1BA3L3qq5+Yv3m6LGkoH3tQk=
+github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241218173823-610300af2da1 h1:MaHjknFlcS4cosKsx3LSgPG4FoYQxXU84l5EFQTvP0w=
+github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241218173823-610300af2da1/go.mod h1:rkSWHSkPXX2k+PBOkEE1BA3L3qq5+Yv3m6LGkoH3tQk=
+github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241219112156-ecba8f87eb24 h1:dTVZCgUZ3CeQAKHLY+jyvMfhHQtutXT93hoKwgTsv2M=
+github.com/lightninglabs/taproot-assets v0.5.0-rc2.0.20241219112156-ecba8f87eb24/go.mod h1:rkSWHSkPXX2k+PBOkEE1BA3L3qq5+Yv3m6LGkoH3tQk=
 github.com/lightningnetwork/lightning-onion v1.2.1-0.20240712235311-98bd56499dfb h1:yfM05S8DXKhuCBp5qSMZdtSwvJ+GFzl94KbXMNB1JDY=
 github.com/lightningnetwork/lightning-onion v1.2.1-0.20240712235311-98bd56499dfb/go.mod h1:c0kvRShutpj3l6B9WtTsNTBUtjSmjZXbJd9ZBRQOSKI=
 github.com/lightningnetwork/lnd v0.18.4-beta h1:4pGmIjIMisrs4TMDYp4fk8NeI1YFpcuqwaSiFwLcd1g=
diff --git a/itest/litd_custom_channels_test.go b/itest/litd_custom_channels_test.go
index 398f66811..b7c9e0597 100644
--- a/itest/litd_custom_channels_test.go
+++ b/itest/litd_custom_channels_test.go
@@ -21,6 +21,7 @@ import (
 	"github.com/lightninglabs/taproot-assets/taprpc/mintrpc"
 	oraclerpc "github.com/lightninglabs/taproot-assets/taprpc/priceoraclerpc"
 	"github.com/lightninglabs/taproot-assets/taprpc/rfqrpc"
+	"github.com/lightninglabs/taproot-assets/taprpc/tapchannelrpc"
 	tchrpc "github.com/lightninglabs/taproot-assets/taprpc/tapchannelrpc"
 	"github.com/lightninglabs/taproot-assets/taprpc/universerpc"
 	"github.com/lightninglabs/taproot-assets/tapscript"
@@ -3678,3 +3679,129 @@ func testCustomChannelsForwardBandwidth(ctxb context.Context,
 		universeTap, noOpCoOpCloseBalanceCheck,
 	)
 }
+
+// testCustomChannelsDecodeAssetInvoice tests that we're able to properly
+// decode and display asset invoice related information.
+//
+// TODO(roasbeef): just move to tapd repo due to new version that doesn't req a
+// chan?
+func testCustomChannelsDecodeAssetInvoice(ctx context.Context,
+	net *NetworkHarness, t *harnessTest) {
+
+	// First, we'll set up some information for our custom oracle that we'll use
+	// to feed in price information.
+	oracleAddr := fmt.Sprintf("localhost:%d", port.NextAvailablePort())
+	oracle := newOracleHarness(oracleAddr)
+	oracle.start(t.t)
+	t.t.Cleanup(oracle.stop)
+
+	ctxb := context.Background()
+	lndArgs := slices.Clone(lndArgsTemplate)
+	litdArgs := slices.Clone(litdArgsTemplateNoOracle)
+	litdArgs = append(litdArgs, fmt.Sprintf(
+		"--taproot-assets.experimental.rfq.priceoracleaddress="+
+			"rfqrpc://%s", oracleAddr,
+	))
+
+	// For this test, Zane will be our dedicated Universe server for all parties.
+	zane, err := net.NewNode(
+		t.t, "Zane", lndArgs, false, true, litdArgs...,
+	)
+	require.NoError(t.t, err)
+
+	litdArgs = append(litdArgs, fmt.Sprintf(
+		"--taproot-assets.proofcourieraddr=%s://%s",
+		proof.UniverseRpcCourierType, zane.Cfg.LitAddr(),
+	))
+
+	// We'll just make a single node here, as this doesn't actually rely on a set
+	// of active channels.
+	alice, err := net.NewNode(t.t, "Alice", lndArgs, false, true, litdArgs...)
+	require.NoError(t.t, err)
+	aliceTap := newTapClient(t.t, alice)
+
+	// Fund Alice so she'll have enough funds to mint the asset.
+	fundAllNodes(t.t, net, []*HarnessNode{alice})
+
+	// Next, we'll make a new asset with a specified decimal display. We'll also
+	// make grouped asset as well.
+	usdMetaData := &taprpc.AssetMeta{
+		Data: []byte(`{
+"description":"this is a USD stablecoin with decimal display of 6"
+}`),
+		Type: taprpc.AssetMetaType_META_TYPE_JSON,
+	}
+
+	const decimalDisplay = 6
+	itestAsset = &mintrpc.MintAsset{
+		AssetType: taprpc.AssetType_NORMAL,
+		Name:      "USD",
+		AssetMeta: usdMetaData,
+		// We mint 1 million USD with a decimal display of 6, which
+		// results in 1 trillion asset units.
+		Amount:          1_000_000_000_000,
+		DecimalDisplay:  decimalDisplay,
+		NewGroupedAsset: true,
+	}
+
+	// Mint an asset on Charlie and sync Dave to Charlie as the universe.
+	mintedAssets := itest.MintAssetsConfirmBatch(
+		t.t, t.lndHarness.Miner.Client, aliceTap,
+		[]*mintrpc.MintAssetRequest{
+			{
+				Asset: itestAsset,
+			},
+		},
+	)
+	usdAsset := mintedAssets[0]
+	assetID := usdAsset.AssetGenesis.AssetId
+
+	// Now that we've minted the asset, we can set the price in the oracle.
+	var id asset.ID
+	copy(id[:], assetID)
+
+	// We'll assume a price of $100,000.00 USD for a single BTC. This is just the
+	// current subjective price our oracle will use. From this BTC price, we'll
+	// scale things up to be in the precision of the asset we minted above.
+	btcPrice := rfqmath.NewBigIntFixedPoint(
+		100_000_00, 2,
+	)
+	factor := rfqmath.NewBigInt(
+		big.NewInt(int64(math.Pow10(decimalDisplay))),
+	)
+	btcPrice.Coefficient = btcPrice.Coefficient.Mul(factor)
+	oracle.setPrice(id, btcPrice, btcPrice)
+
+	// Now we'll make a normal invoice for 1 BTC using Alice.
+	expirySeconds := 10
+	amountSat := 100_000_000
+	invoiceResp, err := alice.AddInvoice(ctxb, &lnrpc.Invoice{
+		Value:  int64(amountSat),
+		Memo:   "normal invoice",
+		Expiry: int64(expirySeconds),
+	})
+	require.NoError(t.t, err)
+
+	payReq := invoiceResp.PaymentRequest
+
+	// Now that we have our payment request, we'll call into the new decode asset
+	// pay req call.
+	decodeResp, err := aliceTap.DecodeAssetPayReq(ctxb, &tapchannelrpc.AssetPayReq{
+		AssetId:      assetID,
+		PayReqString: payReq,
+	})
+	require.NoError(t.t, err)
+
+	// The decimal display information, genesis, and asset group information
+	// should all match.
+	require.Equal(
+		t.t, int64(decimalDisplay), int64(decodeResp.DecimalDisplay.DecimalDisplay),
+	)
+	require.Equal(t.t, usdAsset.AssetGenesis, decodeResp.GenesisInfo)
+	require.Equal(t.t, usdAsset.AssetGroup, decodeResp.AssetGroup)
+
+	// The 1 BTC invoice should map to 100k asset units, with decimal display 6
+	// that's 100 billion asset units.
+	const expectedUnits = 100_000_000_000
+	require.Equal(t.t, int64(expectedUnits), int64(decodeResp.AssetAmount))
+}
diff --git a/itest/litd_test_list_on_test.go b/itest/litd_test_list_on_test.go
index 4d2cef88b..6e104fe6b 100644
--- a/itest/litd_test_list_on_test.go
+++ b/itest/litd_test_list_on_test.go
@@ -72,4 +72,8 @@ var allTestCases = []*testCase{
 		name: "test custom channels forward bandwidth",
 		test: testCustomChannelsForwardBandwidth,
 	},
+	{
+		name: "test custom channels decode payreq",
+		test: testCustomChannelsDecodeAssetInvoice,
+	},
 }