diff --git a/Cargo.lock b/Cargo.lock
index c44f3b4..e9db02c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1,6 +1,6 @@
 # This file is automatically @generated by Cargo.
 # It is not intended for manual editing.
-version = 3
+version = 4
 
 [[package]]
 name = "addr2line"
@@ -1665,9 +1665,9 @@ dependencies = [
 
 [[package]]
 name = "tokio"
-version = "1.38.1"
+version = "1.38.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "eb2caba9f80616f438e09748d5acda951967e1ea58508ef53d9c6402485a46df"
+checksum = "68722da18b0fc4a05fdc1120b302b82051265792a1e1b399086e9b204b10ad3d"
 dependencies = [
  "backtrace",
  "pin-project-lite",
diff --git a/cycles-ledger/Cargo.toml b/cycles-ledger/Cargo.toml
index a0d8025..e2e68a2 100644
--- a/cycles-ledger/Cargo.toml
+++ b/cycles-ledger/Cargo.toml
@@ -44,7 +44,7 @@ icrc1-test-suite = "0.1.2"
 lazy_static = "1.4.0"
 proptest = "1.2.0"
 tempfile = "3.10.1"
-tokio = { version = "1.36.0", features = ["rt", "macros"] }
+tokio = { version = "1.38.2", features = ["rt", "macros"] }
 
 [features]
 testing = []