diff --git a/Cargo.lock b/Cargo.lock
index 7723a48f..35388d25 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1651,9 +1651,9 @@ dependencies = [
 
 [[package]]
 name = "tokio"
-version = "1.34.0"
+version = "1.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d0c014766411e834f7af5b8f4cf46257aab4036ca95e9d2c144a10f59ad6f5b9"
+checksum = "1adbebffeca75fcfd058afa480fb6c0b81e165a0323f9c9d39c9697e37c46787"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/raiden/Cargo.toml b/raiden/Cargo.toml
index 894027ee..93a8856a 100644
--- a/raiden/Cargo.toml
+++ b/raiden/Cargo.toml
@@ -35,7 +35,7 @@ uuid = { version = "^1.4.1", features = ["v4"] }
 pretty_assertions = "1.4.0"
 raiden = { path = "./", features = ["tracing"], default_features = false }
 time = "0.3.31"
-tokio = "1.34.0"
+tokio = "1.37.0"
 tracing-subscriber = { version = "0.3.18", features = ["env-filter", "time"] }
 
 [features]