diff --git a/Cargo.lock b/Cargo.lock
index 40b04ba0e29..29e9f592d40 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2971,9 +2971,9 @@ dependencies = [
 
 [[package]]
 name = "mio"
-version = "0.8.8"
+version = "0.8.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "927a765cd3fc26206e66b296465fa9d3e5ab003e651c1b3c060e7956d96b19d2"
+checksum = "3dce281c5e46beae905d4de1870d8b1509a9142b62eedf18b443b011ca8343d0"
 dependencies = [
  "libc",
  "wasi 0.11.0+wasi-snapshot-preview1",
@@ -3864,7 +3864,7 @@ checksum = "055b4e778e8feb9f93c4e439f71dc2156ef13360b432b799e179a8c4cdf0b1d7"
 dependencies = [
  "bytes",
  "libc",
- "socket2 0.5.4",
+ "socket2 0.5.5",
  "tracing",
  "windows-sys 0.48.0",
 ]
@@ -4791,9 +4791,9 @@ dependencies = [
 
 [[package]]
 name = "socket2"
-version = "0.5.4"
+version = "0.5.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4031e820eb552adee9295814c0ced9e5cf38ddf1e8b7d566d6de8e2538ea989e"
+checksum = "7b5fac59a5cb5dd637972e5fca70daf0523c9067fcdc4842f053dae04a18f8e9"
 dependencies = [
  "libc",
  "windows-sys 0.48.0",
@@ -5593,7 +5593,7 @@ dependencies = [
  "rand 0.8.5",
  "serde",
  "serde_derive",
- "socket2 0.5.4",
+ "socket2 0.5.5",
  "solana-logger",
  "solana-sdk",
  "solana-version",
@@ -8066,9 +8066,9 @@ checksum = "cda74da7e1a664f795bb1f8a87ec406fb89a02522cf6e50620d016add6dbbf5c"
 
 [[package]]
 name = "tokio"
-version = "1.33.0"
+version = "1.34.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4f38200e3ef7995e5ef13baec2f432a6da0aa9ac495b2c0e8f3b7eec2c92d653"
+checksum = "d0c014766411e834f7af5b8f4cf46257aab4036ca95e9d2c144a10f59ad6f5b9"
 dependencies = [
  "backtrace",
  "bytes",
@@ -8078,7 +8078,7 @@ dependencies = [
  "parking_lot 0.12.0",
  "pin-project-lite",
  "signal-hook-registry",
- "socket2 0.5.4",
+ "socket2 0.5.5",
  "tokio-macros",
  "windows-sys 0.48.0",
 ]
@@ -8095,9 +8095,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-macros"
-version = "2.1.0"
+version = "2.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "630bdcf245f78637c13ec01ffae6187cca34625e8c63150d424b59e55af2675e"
+checksum = "5b8a1e28f2deaa14e508979454cb3a223b10b938b45af148bc0986de36f1923b"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/libraries/concurrent-merkle-tree/Cargo.toml b/libraries/concurrent-merkle-tree/Cargo.toml
index d541ae8fe8a..619d78beae4 100644
--- a/libraries/concurrent-merkle-tree/Cargo.toml
+++ b/libraries/concurrent-merkle-tree/Cargo.toml
@@ -20,7 +20,7 @@ thiserror = "1.0.50"
 rand_distr = "0.4.3"
 rand = "0.8"
 spl-merkle-tree-reference = { version = "0.1.0", path = "../merkle-tree-reference" }
-tokio = { version = "1.12", features = ["full"] }
+tokio = { version = "1.34", features = ["full"] }
 
 [lib]
 crate-type = ["cdylib", "lib"]
diff --git a/single-pool/cli/Cargo.toml b/single-pool/cli/Cargo.toml
index 5ba64892141..4110421e180 100644
--- a/single-pool/cli/Cargo.toml
+++ b/single-pool/cli/Cargo.toml
@@ -8,7 +8,7 @@ license = "Apache-2.0"
 edition = "2021"
 
 [dependencies]
-tokio = "1.14"
+tokio = "1.34"
 clap = { version = "3.2.23", features = ["derive"] }
 console = "0.15.7"
 borsh = "0.10"
diff --git a/token/cli/Cargo.toml b/token/cli/Cargo.toml
index f5ee83935d1..cbff80a2f59 100644
--- a/token/cli/Cargo.toml
+++ b/token/cli/Cargo.toml
@@ -44,7 +44,7 @@ spl-memo = { version = "4.0.0", path = "../../memo/program", features = [
 ] }
 strum = "0.25"
 strum_macros = "0.25"
-tokio = "1.14"
+tokio = "1.34"
 
 [dev-dependencies]
 solana-test-validator = "=1.17.2"