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The phrase "assets that constitute" is correct and usable in written English.
It can be used when describing the components or elements that make up a particular set of assets.
Example: "The financial report detailed the assets that constitute the company's overall value, including real estate, equipment, and investments."
Alternatives: "assets that make up" or "assets that form".
Exact(4)
A company's extended balance sheet measures the assets that constitute its competitive position.
An obligation secured by both real estate mortgages (or interests therein) and other assets is treated as an obligation secured by an interest in real property to the extent of both the value of the real estate mortgages (or interests therein) and the value of so much of the other assets that constitute real property.
Whereas the interconnectedness of the various assets that constitute wealth as well as their complex evolution through time are acknowledged by the proponents of inclusive wealth, the way the IWI is computed is rather a mere addition of layers of actuarial-like monetary values for a (not inclusive yet) range of capital assets.
For example, although they are threatened by different volcanoes, the communities of cluster B (Sumner and Fife near Mount Rainier and Burlington near Mount Baker and Glacier Peak) have common issues of moderately high numbers of assets that constitute their entire communities.
Similar(56)
Following his accession to the throne, King George Tupou V began divesting himself of ownership in many of the state assets that constituted much of the wealth of the monarchy.
In comparison to most literature on hedging under ambiguous volatility, like Avellaneda et al. (1995) or Lyons (1995), we are going to consider a model for asset prices that constitutes a generically incomplete market, even if seen just under (any) one individual prior.
For example, the first line in Table 2 shows the company's net sales revenues for the period: the assets obtained from customers in exchange for the goods and services that constitute the company's stock-in-trade.
It did not obstruct the renminbi's admission to the basket of currencies that constitute the International Monetary Fund's reserve asset, Special Drawing Rights (SDRs).
The physical or engineering assets within modern industries have consistently been considered as the core elements of significant value that constitute the backbone for success and overall growth.
Does that constitute dating?
Would "fixing" that constitute a new tax?
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com