diff --git a/packages/metro/src/Server.js b/packages/metro/src/Server.js
index 37d457628a..43ed021536 100644
--- a/packages/metro/src/Server.js
+++ b/packages/metro/src/Server.js
@@ -449,7 +449,7 @@ export default class Server {
       processModuleFilter: this._config.serializer.processModuleFilter,
       assetPlugins: this._config.transformer.assetPlugins,
       platform,
-      projectRoot: this._getServerRootDir(),
+      projectRoot: this._config.projectRoot,
       publicPath: this._config.transformer.publicPath,
     });
   }
@@ -1369,13 +1369,10 @@ export default class Server {
         {onProgress, shallow: false, lazy: false},
       );
 
-      return await getAssets(dependencies, {
-        processModuleFilter: this._config.serializer.processModuleFilter,
-        assetPlugins: this._config.transformer.assetPlugins,
-        platform: transformOptions.platform,
-        publicPath: this._config.transformer.publicPath,
-        projectRoot: this._config.projectRoot,
-      });
+      return await this._getAssetsFromDependencies(
+        dependencies,
+        transformOptions.platform,
+      );
     },
     finish({mres, result}) {
       mres.setHeader('Content-Type', 'application/json');
diff --git a/packages/metro/src/Server/__tests__/Server-test.js b/packages/metro/src/Server/__tests__/Server-test.js
index 8d81454fa1..61c8a844fb 100644
--- a/packages/metro/src/Server/__tests__/Server-test.js
+++ b/packages/metro/src/Server/__tests__/Server-test.js
@@ -63,6 +63,7 @@ describe('processRequest', () => {
   let getTransformFn;
   let getResolveDependencyFn;
   let getAsset;
+  let getAssetsSerializer;
 
   beforeEach(() => {
     jest.resetModules();
@@ -76,6 +77,7 @@ describe('processRequest', () => {
     getTransformFn = jest.fn();
     getResolveDependencyFn = jest.fn();
     getAsset = jest.fn();
+    getAssetsSerializer = jest.fn().mockResolvedValue([]);
 
     let i = 0;
     jest.doMock('node:crypto', () => ({
@@ -114,6 +116,11 @@ describe('processRequest', () => {
       .mockImplementation(buildGraph);
     jest.spyOn(DeltaBundler.prototype, 'getDelta').mockImplementation(getDelta);
 
+    jest.doMock('../../DeltaBundler/Serializers/getAssets', () => ({
+      __esModule: true,
+      default: getAssetsSerializer,
+    }));
+
     Server = require('../../Server').default;
   });
 
@@ -1521,6 +1528,24 @@ describe('processRequest', () => {
     );
   });
 
+  describe('asset URL roots', () => {
+    test('anchors asset URLs on projectRoot, not unstable_serverRoot', async () => {
+      // $FlowFixMe[unclear-type] - reaching for a private method under test.
+      const serverRootServer: any = new Server(
+        mergeConfig(config, {
+          server: {unstable_serverRoot: '/'},
+        } as InputConfigT),
+      );
+
+      await serverRootServer._getAssetsFromDependencies(new Map(), 'ios');
+
+      expect(getAssetsSerializer).toBeCalledWith(
+        expect.anything(),
+        expect.objectContaining({projectRoot: '/root'}),
+      );
+    });
+  });
+
   describe('watchFolder prefix resolution', () => {
     let watchFolderServer: $FlowFixMe;