diff --git a/packages/keymaster/src/keymaster-lib.js b/packages/keymaster/src/keymaster-lib.js
index 3eda805f..2aeaf0e8 100644
--- a/packages/keymaster/src/keymaster-lib.js
+++ b/packages/keymaster/src/keymaster-lib.js
@@ -1023,9 +1023,7 @@ export async function issueCredential(credential, options = {}) {
     }
 
     const signed = await addSignature(credential);
-    const cipherDid = await encryptJSON(signed, credential.credentialSubject.id, { ...options, includeHash: true });
-    await addToOwned(cipherDid);
-    return cipherDid;
+    return encryptJSON(signed, credential.credentialSubject.id, { ...options, includeHash: true });
 }
 
 export async function updateCredential(did, credential) {
diff --git a/tests/keymaster.test.js b/tests/keymaster.test.js
index b39db8ab..0785d55f 100644
--- a/tests/keymaster.test.js
+++ b/tests/keymaster.test.js
@@ -1184,9 +1184,24 @@ describe('listAssets', () => {
         const dataDid = await keymaster.createAsset(mockAnchor);
 
         await keymaster.createId('Bob');
-        const assets = await keymaster.listAssets('Alice');
+        const assetsBob = await keymaster.listAssets();
+        const assetsAlice = await keymaster.listAssets('Alice');
 
-        expect(assets).toStrictEqual([dataDid]);
+        expect(assetsBob).toStrictEqual([]);
+        expect(assetsAlice).toStrictEqual([dataDid]);
+    });
+
+    it('should not include ephemeral assets', async () => {
+        mockFs({});
+
+        await keymaster.createId('Bob');
+        const mockAnchor = { name: 'mockAnchor' };
+        const validUntil = new Date();
+        validUntil.setMinutes(validUntil.getMinutes() + 1);
+        await keymaster.createAsset(mockAnchor, { validUntil });
+        const assets = await keymaster.listAssets();
+
+        expect(assets).toStrictEqual([]);
     });
 });
 
@@ -1674,9 +1689,6 @@ describe('issueCredential', () => {
 
         const isValid = await keymaster.verifySignature(vc);
         expect(isValid).toBe(true);
-
-        const wallet = await keymaster.loadWallet();
-        expect(wallet.ids['Bob'].owned.includes(did)).toEqual(true);
     });
 
     it('should throw an exception if user is not issuer', async () => {