diff --git a/Cargo.lock b/Cargo.lock
index 724b9dd5..db3511e7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -614,6 +614,12 @@ version = "0.21.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9d297deb1925b89f2ccc13d7635fa0714f12c87adce1c75356b39ca9b7178567"
 
+[[package]]
+name = "base64"
+version = "0.22.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "72b3254f16251a8381aa12e40e3c4d2f0199f8c6508fbecb9d91f575e0fbb8c6"
+
 [[package]]
 name = "base64ct"
 version = "1.6.0"
@@ -3514,11 +3520,11 @@ dependencies = [
 
 [[package]]
 name = "serde_with"
-version = "3.7.0"
+version = "3.11.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ee80b0e361bbf88fd2f6e242ccd19cfda072cb0faa6ae694ecee08199938569a"
+checksum = "8e28bdad6db2b8340e449f7108f020b3b092e8583a9e3fb82713e1d4e71fe817"
 dependencies = [
- "base64 0.21.7",
+ "base64 0.22.1",
  "chrono",
  "hex",
  "indexmap 1.9.3",
@@ -3526,7 +3532,7 @@ dependencies = [
  "serde",
  "serde_derive",
  "serde_json",
- "serde_with_macros 3.7.0",
+ "serde_with_macros 3.11.0",
  "time",
 ]
 
@@ -3544,9 +3550,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with_macros"
-version = "3.7.0"
+version = "3.11.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6561dc161a9224638a31d876ccdfefbc1df91d3f3a8342eddb35f055d48c7655"
+checksum = "9d846214a9854ef724f3da161b426242d8de7c1fc7de2f89bb1efcb154dca79d"
 dependencies = [
  "darling",
  "proc-macro2",
@@ -4911,7 +4917,7 @@ dependencies = [
  "num-derive 0.3.3",
  "num-traits",
  "serde",
- "serde_with 3.7.0",
+ "serde_with 3.11.0",
  "solana-program",
  "solana-program-test",
  "solana-sdk",
diff --git a/clients/rust/Cargo.toml b/clients/rust/Cargo.toml
index 404bedf3..f8a9758a 100644
--- a/clients/rust/Cargo.toml
+++ b/clients/rust/Cargo.toml
@@ -19,7 +19,7 @@ kaigan = "0.2.5"
 num-derive = "^0.3"
 num-traits = "^0.2"
 serde = { version = "^1.0", features = ["derive"], optional = true }
-serde_with = { version = "^3.0", optional = true }
+serde_with = { version = "^3.11", optional = true }
 solana-program = "~1.18"
 thiserror = "^1.0"