diff --git a/Cargo.lock b/Cargo.lock
index 3714cff92a..7888298e18 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6641,9 +6641,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.36.0"
+version = "1.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "61285f6515fa018fb2d1e46eb21223fff441ee8db5d0f1435e8ab4f5cdb80931"
+checksum = "1adbebffeca75fcfd058afa480fb6c0b81e165a0323f9c9d39c9697e37c46787"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/Cargo.toml b/Cargo.toml
index 4591aee10d..18ce950730 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -73,7 +73,7 @@ subxt-signer = { version = "0.35.0" }
 syn = { version = "2" }
 synstructure = { version = "0.13.1" }
 thiserror = { version = "1.0.58" }
-tokio = { version = "1.36.0" }
+tokio = { version = "1.37.0" }
 tracing = { version = "0.1.37" }
 tracing-subscriber = { version = "0.3.17" }
 trybuild = { version = "1.0.90" }