diff --git a/Cargo.lock b/Cargo.lock
index cef33101b5f..218296aa7c8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4587,9 +4587,9 @@ dependencies = [
 
 [[package]]
 name = "rmp-serde"
-version = "1.1.1"
+version = "1.1.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c5b13be192e0220b8afb7222aa5813cb62cc269ebb5cac346ca6487681d2913e"
+checksum = "bffea85eea980d8a74453e5d02a8d93028f3c34725de143085a844ebe953258a"
 dependencies = [
  "byteorder",
  "rmp",
diff --git a/identity/Cargo.toml b/identity/Cargo.toml
index e3f966ebafd..36f75269bc5 100644
--- a/identity/Cargo.toml
+++ b/identity/Cargo.toml
@@ -42,7 +42,7 @@ peerid = [ "dep:multihash", "dep:bs58", "dep:rand", "dep:thiserror", "dep:sha2"
 quickcheck = { workspace = true }
 base64 = "0.21.2"
 serde_json = "1.0"
-rmp-serde = "1.0"
+rmp-serde = "1.1"
 criterion = "0.5"
 hex-literal = "0.4.1"