diff --git a/Cargo.lock b/Cargo.lock
index f0328b4..259febe 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2239,9 +2239,9 @@ checksum = "bb1f4e141b777ff28016e00e1f2e4846be9d1255f000823d54ea99bb70b3f15b"
 
 [[package]]
 name = "libc"
-version = "0.2.139"
+version = "0.2.147"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "201de327520df007757c1f0adce6e827fe8562fbc28bfd9c15571c66ca1f5f79"
+checksum = "b4668fb0ea861c1df094127ac5f1da3409a82116a4ba74fca2e58ef927159bb3"
 
 [[package]]
 name = "libipld"
@@ -4554,11 +4554,12 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.28.0"
+version = "1.29.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c3c786bf8134e5a3a166db9b29ab8f48134739014a3eca7bc6bfa95d673b136f"
+checksum = "532826ff75199d5833b9d2c5fe410f29235e25704ee5f0ef599fb51c21f4a4da"
 dependencies = [
  "autocfg",
+ "backtrace",
  "bytes 1.4.0",
  "libc",
  "mio 0.8.6",
diff --git a/Cargo.toml b/Cargo.toml
index 519fce6..9f19ead 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -161,7 +161,7 @@ version = "2.33.1"
 optional = true
 
 [dependencies.tokio]
-version = "=1.28.0"
+version = "=1.29.1"
 optional = true
 features = ["rt-multi-thread", "macros", "net", "time"]
 
@@ -183,7 +183,7 @@ wasm-bindgen-futures = "0.4.5"
 [dev-dependencies]
 anyhow = "1.0.68"
 serial_test = "0.5.1"
-tokio = { version = "=1.28.0", features = ["macros", "rt-multi-thread"] }
+tokio = { version = "=1.29.1", features = ["macros", "rt-multi-thread"] }
 
 ################################################################### target specific dev dependencies
 [target.'cfg(target_arch = "wasm32")'.dev-dependencies]