diff --git a/Cargo.lock b/Cargo.lock
index 4ce21308..2d6fa42b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1858,7 +1858,7 @@ dependencies = [
  "moksha-wallet",
  "rand",
  "reqwest 0.12.7",
- "secp256k1 0.27.0",
+ "secp256k1 0.29.1",
  "serde",
  "tempfile",
  "testcontainers",
@@ -3395,7 +3395,6 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "25996b82292a7a57ed3508f052cfff8640d38d32018784acd714758b43da9c8f"
 dependencies = [
  "bitcoin_hashes 0.12.0",
- "rand",
  "secp256k1-sys 0.8.1",
  "serde",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index baec0ce3..5bb85d7a 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -112,7 +112,7 @@ url = "2.5.0"
 utoipa = "4.2.3"
 utoipa-swagger-ui = "6.0.0"
 uuid = "1"
-secp256k1 = { version = "0.29.0", default-features = false }
+secp256k1 = { version = "0.29.1", default-features = false }
 
 [profile.dev.package]
 secp256k1 = { opt-level = 3 }
diff --git a/integrationtests/Cargo.toml b/integrationtests/Cargo.toml
index 050c6746..7fa3d60d 100644
--- a/integrationtests/Cargo.toml
+++ b/integrationtests/Cargo.toml
@@ -20,7 +20,7 @@ anyhow = { workspace = true, features = ["backtrace"] }
 serde = { workspace = true, features = ["derive"] }
 lightning-invoice = "0.31.0"
 bitcoin = { version = "0.30.2", default-features = false }
-secp256k1 = { version = "0.27.0", features = ["recovery", "alloc", "rand"] }
+secp256k1 = { version = "0.29.1", features = ["recovery", "alloc", "rand"] }
 testcontainers = { workspace = true }
 testcontainers-modules = { workspace = true, features = ["postgres"] }
 bitcoincore-rpc = { workspace = true }
diff --git a/moksha-wallet/Cargo.toml b/moksha-wallet/Cargo.toml
index c0521c1c..798e07f6 100644
--- a/moksha-wallet/Cargo.toml
+++ b/moksha-wallet/Cargo.toml
@@ -15,7 +15,7 @@ path = "src/lib.rs"
 
 [dependencies]
 anyhow = { workspace = true, features = ["backtrace"] }
-secp256k1 = { version = "0.29.0", default-features = false, features = ["serde"] }
+secp256k1 = { version = "0.29.1", default-features = false, features = ["serde"] }
 moksha-core = { version = "0.2.1", path = "../moksha-core" }
 serde_json = { workspace = true }
 serde = { workspace = true }