diff --git a/cashu/mint/crud.py b/cashu/mint/crud.py
index 64cc5a1..6ff2a63 100644
--- a/cashu/mint/crud.py
+++ b/cashu/mint/crud.py
@@ -119,6 +119,7 @@ class LedgerCrud(ABC):
     @abstractmethod
     async def get_balance(
         self,
+        keyset: MintKeyset,
         db: Database,
         conn: Optional[Connection] = None,
     ) -> int: ...
@@ -668,15 +669,22 @@ class LedgerCrudSqlite(LedgerCrud):
 
     async def get_balance(
         self,
+        keyset: MintKeyset,
         db: Database,
         conn: Optional[Connection] = None,
     ) -> int:
         row = await (conn or db).fetchone(
             f"""
-            SELECT * from {db.table_with_schema('balance')}
-            """
+            SELECT balance FROM {db.table_with_schema('balance')}
+            WHERE keyset = :keyset
+            """,
+            {
+                "keyset": keyset.id,
+            },
         )
-        assert row, "Balance not found"
+
+        if row is None:
+            return 0
 
         # sqlalchemy index of first element
         key = next(iter(row))
diff --git a/cashu/mint/ledger.py b/cashu/mint/ledger.py
index 8a89ab6..27e55e1 100644
--- a/cashu/mint/ledger.py
+++ b/cashu/mint/ledger.py
@@ -322,9 +322,9 @@ class Ledger(LedgerVerification, LedgerSpendingConditions, LedgerTasks, LedgerFe
             raise KeysetError("no public keys for this keyset")
         return {a: p.serialize().hex() for a, p in keyset.public_keys.items()}
 
-    async def get_balance(self) -> int:
+    async def get_balance(self, keyset: MintKeyset) -> int:
         """Returns the balance of the mint."""
-        return await self.crud.get_balance(db=self.db)
+        return await self.crud.get_balance(keyset=keyset, db=self.db)
 
     # ------- ECASH -------
 
@@ -451,8 +451,13 @@ class Ledger(LedgerVerification, LedgerSpendingConditions, LedgerTasks, LedgerFe
         ):
             raise NotAllowedError("Backend does not support descriptions.")
 
-        if settings.mint_max_balance:
-            balance = await self.get_balance()
+        # MINT_MAX_BALANCE refers to sat (for now)
+        if settings.mint_max_balance and unit == Unit.sat:
+            # get next active keyset for unit
+            active_keyset: MintKeyset = next(
+                filter(lambda k: k.active and k.unit == unit, self.keysets.values())
+            )
+            balance = await self.get_balance(active_keyset)
             if balance + quote_request.amount > settings.mint_max_balance:
                 raise NotAllowedError("Mint has reached maximum balance.")
 
diff --git a/cashu/mint/migrations.py b/cashu/mint/migrations.py
index b5bedd8..79f21dc 100644
--- a/cashu/mint/migrations.py
+++ b/cashu/mint/migrations.py
@@ -868,3 +868,43 @@ async def m025_add_amounts_to_keysets(db: Database):
         await conn.execute(
             f"UPDATE {db.table_with_schema('keysets')} SET amounts = '[]'"
         )
+
+
+async def m026_keyset_specific_balance_views(db: Database):
+    async with db.connect() as conn:
+        await drop_balance_views(db, conn)
+        await conn.execute(
+            f"""
+            CREATE VIEW {db.table_with_schema('balance_issued')} AS
+            SELECT id AS keyset, COALESCE(s, 0) AS balance FROM (
+                SELECT id, SUM(amount) AS s
+                FROM {db.table_with_schema('promises')}
+                WHERE amount > 0
+                GROUP BY id
+            );
+            """
+        )
+        await conn.execute(
+            f"""
+            CREATE VIEW {db.table_with_schema('balance_redeemed')} AS
+            SELECT id AS keyset, COALESCE(s, 0) AS balance FROM (
+                SELECT id, SUM(amount) AS s
+                FROM {db.table_with_schema('proofs_used')}
+                WHERE amount > 0
+                GROUP BY id
+            );
+            """
+        )
+        await conn.execute(
+            f"""
+            CREATE VIEW {db.table_with_schema('balance')} AS
+            SELECT keyset, s_issued - s_used AS balance FROM (
+                SELECT bi.keyset AS keyset,
+                    bi.balance AS s_issued,
+                    COALESCE(bu.balance, 0) AS s_used
+                FROM {db.table_with_schema('balance_issued')} bi
+                LEFT OUTER JOIN {db.table_with_schema('balance_redeemed')} bu
+                ON bi.keyset = bu.keyset
+            );
+            """
+        )
diff --git a/tests/test_mint.py b/tests/test_mint.py
index 9d09729..dc0b837 100644
--- a/tests/test_mint.py
+++ b/tests/test_mint.py
@@ -2,7 +2,7 @@ from typing import List
 
 import pytest
 
-from cashu.core.base import BlindedMessage, Proof
+from cashu.core.base import BlindedMessage, MintKeyset, Proof, Unit
 from cashu.core.crypto.b_dhke import step1_alice
 from cashu.core.helpers import calculate_number_of_blank_outputs
 from cashu.core.models import PostMintQuoteRequest
@@ -218,7 +218,11 @@ async def test_generate_change_promises_returns_empty_if_no_outputs(ledger: Ledg
 
 @pytest.mark.asyncio
 async def test_get_balance(ledger: Ledger):
-    balance = await ledger.get_balance()
+    unit = Unit["sat"]
+    active_keyset: MintKeyset = next(
+        filter(lambda k: k.active and k.unit == unit, ledger.keysets.values())
+    )
+    balance = await ledger.get_balance(active_keyset)
     assert balance == 0