diff --git a/package.json b/package.json
index c82e5f8fc..cec6575e3 100644
--- a/package.json
+++ b/package.json
@@ -58,7 +58,7 @@
     "@synonymdev/web-relay": "1.0.7",
     "beignet": "0.0.54",
     "bip21": "2.0.3",
-    "bip32": "4.0.0",
+    "bip32": "5.0.0-rc.0",
     "bitcoin-address-validation": "2.2.3",
     "bitcoin-units": "0.3.0",
     "bitcoinjs-lib": "6.1.7",
diff --git a/yarn.lock b/yarn.lock
index b78bb26ab..05e2059df 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5559,6 +5559,13 @@ __metadata:
   languageName: node
   linkType: hard
 
+"base-x@npm:^5.0.0":
+  version: 5.0.1
+  resolution: "base-x@npm:5.0.1"
+  checksum: 6e4f847ef842e0a71c6b6020a6ec482a2a5e727f5a98534dbfd5d5a4e8afbc0d1bdf1fd57174b3f0455d107f10a932c3c7710bec07e2878f80178607f8f605c8
+  languageName: node
+  linkType: hard
+
 "base58-js@npm:^1.0.0":
   version: 1.0.5
   resolution: "base58-js@npm:1.0.5"
@@ -5672,6 +5679,19 @@ __metadata:
   languageName: node
   linkType: hard
 
+"bip32@npm:5.0.0-rc.0":
+  version: 5.0.0-rc.0
+  resolution: "bip32@npm:5.0.0-rc.0"
+  dependencies:
+    "@noble/hashes": ^1.2.0
+    "@scure/base": ^1.1.1
+    uint8array-tools: ^0.0.8
+    valibot: ^0.37.0
+    wif: ^5.0.0
+  checksum: bf77b6b6eb3ee3c36a107f4a27e1e15b9aa346effb84f10c3c089382cb0d8534dc3777333537965fc77c42dcd381591f0a4c5f5aee78422941311399b78616c3
+  languageName: node
+  linkType: hard
+
 "bip32@npm:^2.0.6":
   version: 2.0.6
   resolution: "bip32@npm:2.0.6"
@@ -5846,7 +5866,7 @@ __metadata:
     babel-plugin-transform-remove-console: ^6.9.4
     beignet: 0.0.54
     bip21: 2.0.3
-    bip32: 4.0.0
+    bip32: 5.0.0-rc.0
     bitcoin-address-validation: 2.2.3
     bitcoin-json-rpc: ^1.3.3
     bitcoin-units: 0.3.0
@@ -6152,6 +6172,15 @@ __metadata:
   languageName: node
   linkType: hard
 
+"bs58@npm:^6.0.0":
+  version: 6.0.0
+  resolution: "bs58@npm:6.0.0"
+  dependencies:
+    base-x: ^5.0.0
+  checksum: 820334f9513bba6195136dfc9dfbd1f5aded6c7864639f3ee7b63c2d9d6f9f2813b9949b1f6beb9c161237be2a461097444c2ff587c8c3b824fe18878fa22448
+  languageName: node
+  linkType: hard
+
 "bs58check@npm:<3.0.0, bs58check@npm:^2.1.1, bs58check@npm:^2.1.2":
   version: 2.1.2
   resolution: "bs58check@npm:2.1.2"
@@ -6173,6 +6202,16 @@ __metadata:
   languageName: node
   linkType: hard
 
+"bs58check@npm:^4.0.0":
+  version: 4.0.0
+  resolution: "bs58check@npm:4.0.0"
+  dependencies:
+    "@noble/hashes": ^1.2.0
+    bs58: ^6.0.0
+  checksum: 416131b647563e9c7daf5d18222862b40dfd39110f8635e9e1d19805d624e96cc12ba03c8e6fdc1f9c0e364dd2918877fb8a02671caeef0de9beeb33c1fb0ed4
+  languageName: node
+  linkType: hard
+
 "bser@npm:2.1.1":
   version: 2.1.1
   resolution: "bser@npm:2.1.1"
@@ -14723,6 +14762,13 @@ __metadata:
   languageName: node
   linkType: hard
 
+"uint8array-tools@npm:^0.0.8":
+  version: 0.0.8
+  resolution: "uint8array-tools@npm:0.0.8"
+  checksum: 4cc4abe2db18b240cdcc9860fbb110d87e5197c254f1c3162e171c07944b2d10c8e809c524d7384a59b5f5118f2a60b7b855dbefe462c3fc6f89442b0a43a134
+  languageName: node
+  linkType: hard
+
 "unicode-canonical-property-names-ecmascript@npm:^2.0.0":
   version: 2.0.0
   resolution: "unicode-canonical-property-names-ecmascript@npm:2.0.0"
@@ -14972,6 +15018,18 @@ __metadata:
   languageName: node
   linkType: hard
 
+"valibot@npm:^0.37.0":
+  version: 0.37.0
+  resolution: "valibot@npm:0.37.0"
+  peerDependencies:
+    typescript: ">=5"
+  peerDependenciesMeta:
+    typescript:
+      optional: true
+  checksum: 2847b40bbcaeccff194aa6f9fbaa8bb9f4995dd35e8118c73101ed43a889f941813bebfe081175438883843954e2d0b056bf72a8801d966011e74b2ec276d963
+  languageName: node
+  linkType: hard
+
 "varuint-bitcoin@npm:^1.1.2":
   version: 1.1.2
   resolution: "varuint-bitcoin@npm:1.1.2"
@@ -15127,6 +15185,15 @@ __metadata:
   languageName: node
   linkType: hard
 
+"wif@npm:^5.0.0":
+  version: 5.0.0
+  resolution: "wif@npm:5.0.0"
+  dependencies:
+    bs58check: ^4.0.0
+  checksum: 3af0d4e9f1d1b35672b860470b6545f34f77b4a804e06ccae2f06f43c96a31fba859cf64889344eded621433eb609fc4c95aa28d62c02057372232b85231e414
+  languageName: node
+  linkType: hard
+
 "wordwrap@npm:^1.0.0":
   version: 1.0.0
   resolution: "wordwrap@npm:1.0.0"