diff --git a/Cargo.lock b/Cargo.lock
index 8c9dd56a5f22..18acfb54aa71 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7188,9 +7188,9 @@ checksum = "cda74da7e1a664f795bb1f8a87ec406fb89a02522cf6e50620d016add6dbbf5c"
 
 [[package]]
 name = "tokio"
-version = "1.2.0"
+version = "1.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e8190d04c665ea9e6b6a0dc45523ade572c088d2e6566244c1122671dbf4ae3a"
+checksum = "8d56477f6ed99e10225f38f9f75f872f29b8b8bd8c0b946f63345bb144e9eeda"
 dependencies = [
  "autocfg 1.0.1",
  "bytes 1.0.1",
diff --git a/client/faucet/Cargo.toml b/client/faucet/Cargo.toml
index 83c73dd97765..1f70958ebe1e 100644
--- a/client/faucet/Cargo.toml
+++ b/client/faucet/Cargo.toml
@@ -17,7 +17,7 @@ reqwest = { version = "0.11.1", features = ["blocking"], default-features = fals
 serde = "1.0.123"
 serde_derive = "1.0.117"
 structopt = "0.3.21"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 warp = "0.3.0"
 
 generate-key = { path = "../../config/generate-key" }
diff --git a/client/json-rpc/Cargo.toml b/client/json-rpc/Cargo.toml
index d99e79b2e415..85a9e6dd8165 100644
--- a/client/json-rpc/Cargo.toml
+++ b/client/json-rpc/Cargo.toml
@@ -18,7 +18,7 @@ rand = "0.8.3"
 reqwest = { version = "0.11.1", features = ["blocking", "json"], default_features = false }
 serde = { version = "1.0.123", default-features = false }
 serde_json = "1.0.64"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 diem-crypto = { path = "../../crypto/crypto" }
 bcs = "0.1.2"
diff --git a/common/bounded-executor/Cargo.toml b/common/bounded-executor/Cargo.toml
index 8bff6adc28e2..d7505c8eb25e 100644
--- a/common/bounded-executor/Cargo.toml
+++ b/common/bounded-executor/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.12"
 diem-workspace-hack = { path = "../workspace-hack" }
-tokio = { version = "1.2.0", features = ["sync"] }
+tokio = { version = "1.3.0", features = ["sync"] }
 
 [dev-dependencies]
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
diff --git a/common/channel/Cargo.toml b/common/channel/Cargo.toml
index 293874ed61bf..4641e5517bdc 100644
--- a/common/channel/Cargo.toml
+++ b/common/channel/Cargo.toml
@@ -18,4 +18,4 @@ diem-workspace-hack = { path = "../workspace-hack" }
 
 [dev-dependencies]
 diem-types = { path = "../../types"  }
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
diff --git a/common/debug-interface/Cargo.toml b/common/debug-interface/Cargo.toml
index cd1a0952bbd2..596464081f1b 100644
--- a/common/debug-interface/Cargo.toml
+++ b/common/debug-interface/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 anyhow = "1.0.38"
 bytes = "1.0.1"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 reqwest = { version = "0.11.1", features = ["blocking", "json"], default_features = false }
 warp = "0.3.0"
 
diff --git a/common/metrics/Cargo.toml b/common/metrics/Cargo.toml
index ea15aaa1347a..a4c205462c47 100644
--- a/common/metrics/Cargo.toml
+++ b/common/metrics/Cargo.toml
@@ -16,7 +16,7 @@ hyper = { version = "0.14.4", features = ["full"] }
 once_cell = "1.7.2"
 prometheus = { version = "0.11.0", default-features = false }
 serde_json = "1.0.64"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 diem-logger = { path = "../logger" }
 diem-metrics-core = { path = "../metrics-core" }
diff --git a/common/rate-limiter/Cargo.toml b/common/rate-limiter/Cargo.toml
index 31fd4f76e05a..530edf31a381 100644
--- a/common/rate-limiter/Cargo.toml
+++ b/common/rate-limiter/Cargo.toml
@@ -16,5 +16,5 @@ diem-logger = { path = "../logger" }
 diem-metrics = { path = "../metrics" }
 futures = "0.3.12"
 pin-project = "1.0.5"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-util = { version = "0.6.3", features = ["compat"] }
diff --git a/common/retrier/Cargo.toml b/common/retrier/Cargo.toml
index 7e24bee23eed..9d70bbdb9353 100644
--- a/common/retrier/Cargo.toml
+++ b/common/retrier/Cargo.toml
@@ -11,5 +11,5 @@ edition = "2018"
 
 [dependencies]
 diem-workspace-hack = { path = "../workspace-hack" }
-tokio = { version = "1.2.0", features = ["time"] }
+tokio = { version = "1.3.0", features = ["time"] }
 diem-logger = { path = "../logger"}
diff --git a/common/time-service/Cargo.toml b/common/time-service/Cargo.toml
index a6fdaee5308e..c97bac60f550 100644
--- a/common/time-service/Cargo.toml
+++ b/common/time-service/Cargo.toml
@@ -14,7 +14,7 @@ enum_dispatch = "0.3.5"
 futures = { version = "0.3.12", optional = true }
 pin-project = { version = "1.0.5", optional = true }
 thiserror = "1.0.24"
-tokio = { version = "1.2.0", features = ["macros", "rt-multi-thread", "time"], optional = true }
+tokio = { version = "1.3.0", features = ["macros", "rt-multi-thread", "time"], optional = true }
 
 diem-infallible = { path = "../infallible" }
 diem-workspace-hack = { path = "../workspace-hack" }
@@ -22,7 +22,7 @@ diem-workspace-hack = { path = "../workspace-hack" }
 [dev-dependencies]
 futures = "0.3.12"
 pin-project = "1.0.5"
-tokio = { version = "1.2.0", features = ["macros", "rt-multi-thread", "time"] }
+tokio = { version = "1.3.0", features = ["macros", "rt-multi-thread", "time"] }
 tokio-test = "0.4.0"
 
 [features]
diff --git a/common/trace/Cargo.toml b/common/trace/Cargo.toml
index 4ede48c7fa55..4d09f29dfc7b 100644
--- a/common/trace/Cargo.toml
+++ b/common/trace/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 chrono = "0.4.19"
 structopt = "0.3.21"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 serde_json = "1.0.64"
 serde = "1.0.123"
 anyhow = "1.0.38"
diff --git a/common/workspace-hack/Cargo.toml b/common/workspace-hack/Cargo.toml
index 62a089af65d7..3581017f21cd 100644
--- a/common/workspace-hack/Cargo.toml
+++ b/common/workspace-hack/Cargo.toml
@@ -45,7 +45,7 @@ serde = { version = "1.0.123", features = ["alloc", "default", "derive", "rc", "
 serde_json = { version = "1.0.64", features = ["default", "indexmap", "preserve_order", "std"] }
 standback = { version = "0.2.15", default-features = false, features = ["std"] }
 subtle = { version = "2.4.0", default-features = false, features = ["std"] }
-tokio = { version = "1.2.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
+tokio = { version = "1.3.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
 tokio-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
 toml = { version = "0.5.8", features = ["default"] }
 tracing = { version = "0.1.25", features = ["attributes", "default", "log", "std", "tracing-attributes"] }
@@ -92,7 +92,7 @@ standback = { version = "0.2.15", default-features = false, features = ["std"] }
 subtle = { version = "2.4.0", default-features = false, features = ["std"] }
 syn-3575ec1268b04181 = { package = "syn", version = "0.15.44", features = ["clone-impls", "default", "derive", "extra-traits", "full", "parsing", "printing", "proc-macro", "quote", "visit"] }
 syn-dff4ba8e3ae991db = { package = "syn", version = "1.0.60", features = ["clone-impls", "default", "derive", "extra-traits", "fold", "full", "parsing", "printing", "proc-macro", "quote", "visit", "visit-mut"] }
-tokio = { version = "1.2.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
+tokio = { version = "1.3.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
 tokio-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
 toml = { version = "0.5.8", features = ["default"] }
 tracing = { version = "0.1.25", features = ["attributes", "default", "log", "std", "tracing-attributes"] }
@@ -134,7 +134,7 @@ serde = { version = "1.0.123", features = ["alloc", "default", "derive", "rc", "
 serde_json = { version = "1.0.64", features = ["default", "indexmap", "preserve_order", "std"] }
 standback = { version = "0.2.15", default-features = false, features = ["std"] }
 subtle = { version = "2.4.0", default-features = false, features = ["std"] }
-tokio = { version = "1.2.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
+tokio = { version = "1.3.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
 tokio-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
 toml = { version = "0.5.8", features = ["default"] }
 tracing = { version = "0.1.25", features = ["attributes", "default", "log", "std", "tracing-attributes"] }
@@ -181,7 +181,7 @@ standback = { version = "0.2.15", default-features = false, features = ["std"] }
 subtle = { version = "2.4.0", default-features = false, features = ["std"] }
 syn-3575ec1268b04181 = { package = "syn", version = "0.15.44", features = ["clone-impls", "default", "derive", "extra-traits", "full", "parsing", "printing", "proc-macro", "quote", "visit"] }
 syn-dff4ba8e3ae991db = { package = "syn", version = "1.0.60", features = ["clone-impls", "default", "derive", "extra-traits", "fold", "full", "parsing", "printing", "proc-macro", "quote", "visit", "visit-mut"] }
-tokio = { version = "1.2.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
+tokio = { version = "1.3.0", features = ["bytes", "default", "fs", "full", "io-std", "io-util", "libc", "macros", "memchr", "mio", "net", "num_cpus", "once_cell", "parking_lot", "process", "rt", "rt-multi-thread", "signal", "signal-hook-registry", "sync", "test-util", "time", "tokio-macros", "winapi"] }
 tokio-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
 toml = { version = "0.5.8", features = ["default"] }
 tracing = { version = "0.1.25", features = ["attributes", "default", "log", "std", "tracing-attributes"] }
diff --git a/consensus/Cargo.toml b/consensus/Cargo.toml
index 91ec077cdac9..5791282eb8cc 100644
--- a/consensus/Cargo.toml
+++ b/consensus/Cargo.toml
@@ -27,7 +27,7 @@ serde = { version = "1.0.123", default-features = false }
 serde_json = "1.0.64"
 termion = { version = "1.5.6", default-features = false }
 thiserror = "1.0.24"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 channel = { path = "../common/channel" }
 consensus-types = { path = "consensus-types", default-features = false }
diff --git a/diem-node/Cargo.toml b/diem-node/Cargo.toml
index ef42f92dac7a..c3ed25c0f48d 100644
--- a/diem-node/Cargo.toml
+++ b/diem-node/Cargo.toml
@@ -14,7 +14,7 @@ fail = "0.4.0"
 futures = "0.3.12"
 jemallocator = { version = "0.3.2", features = ["profiling", "unprefixed_malloc_on_supported_platforms"] }
 structopt = "0.3.21"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-stream = "0.1.3"
 
 backup-service = { path = "../storage/backup/backup-service" }
diff --git a/json-rpc/Cargo.toml b/json-rpc/Cargo.toml
index 954f7ac4b280..76dd754a4853 100644
--- a/json-rpc/Cargo.toml
+++ b/json-rpc/Cargo.toml
@@ -19,7 +19,7 @@ once_cell = "1.7.2"
 rand = "0.8.3"
 serde_json = "1.0.64"
 serde = { version = "1.0.123", features = ["derive"], default-features = false }
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 warp = { version = "0.3.0", features = ["tls"] }
 reqwest = { version = "0.11.1", features = ["blocking", "json"], default_features = false, optional = true }
 proptest = { version = "1.0.0", optional = true }
diff --git a/language/diem-tools/diem-events-fetcher/Cargo.toml b/language/diem-tools/diem-events-fetcher/Cargo.toml
index 6b30835d2b73..67d78bf22894 100644
--- a/language/diem-tools/diem-events-fetcher/Cargo.toml
+++ b/language/diem-tools/diem-events-fetcher/Cargo.toml
@@ -17,7 +17,7 @@ hex = "0.4.3"
 reqwest = { version = "0.11.1", features = ["blocking", "json"] }
 structopt = "0.3.21"
 futures = "0.3.12"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 diem-workspace-hack = { path = "../../../common/workspace-hack" }
 diem-client = { path = "../../../sdk/client" }
diff --git a/language/move-prover/Cargo.toml b/language/move-prover/Cargo.toml
index aadda11677bc..3ee8e535e52b 100644
--- a/language/move-prover/Cargo.toml
+++ b/language/move-prover/Cargo.toml
@@ -41,7 +41,7 @@ serde = { version = "1.0.123", features = ["derive"] }
 serde_json = "1.0.64"
 simplelog = "0.9.0"
 once_cell = "1.7.2"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 toml = "0.5.8"
 
 [dev-dependencies]
diff --git a/language/move-prover/boogie-backend/Cargo.toml b/language/move-prover/boogie-backend/Cargo.toml
index 84ab2dd349dd..eab2f7d28caf 100644
--- a/language/move-prover/boogie-backend/Cargo.toml
+++ b/language/move-prover/boogie-backend/Cargo.toml
@@ -27,7 +27,7 @@ regex = "1.4.3"
 rand = "0.8.3"
 futures = "0.3.12"
 handlebars = "3.5.3"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 codespan = "0.8.0"
 codespan-reporting = "0.8.0"
 
diff --git a/mempool/Cargo.toml b/mempool/Cargo.toml
index 720df0065d9d..6e70baf0532f 100644
--- a/mempool/Cargo.toml
+++ b/mempool/Cargo.toml
@@ -18,7 +18,7 @@ once_cell = "1.7.2"
 proptest = { version = "1.0.0", optional = true }
 rayon = "1.4.1"
 serde = { version = "1.0.123", default-features = false }
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-stream = "0.1.3"
 
 bounded-executor = { path = "../common/bounded-executor" }
diff --git a/network/Cargo.toml b/network/Cargo.toml
index aa93a28e0fe9..84a545eea18d 100644
--- a/network/Cargo.toml
+++ b/network/Cargo.toml
@@ -24,7 +24,7 @@ rand_core = { version = "0.6.2", optional = true }
 serde = { version = "1.0.123", default-features = false }
 serde_bytes = "0.11.5"
 thiserror = "1.0.24"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-retry = "0.2.0"
 tokio-stream = "0.1.3"
 tokio-util = { version = "0.6.3", features = ["compat", "codec"] }
diff --git a/network/builder/Cargo.toml b/network/builder/Cargo.toml
index 990ff6fd22af..6d9be20196a0 100644
--- a/network/builder/Cargo.toml
+++ b/network/builder/Cargo.toml
@@ -15,7 +15,7 @@ edition = "2018"
 futures = "0.3.12"
 rand = "0.8.3"
 serde = { version = "1.0.123", default-features = false }
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 channel = { path = "../../common/channel" }
 bcs = "0.1.2"
diff --git a/network/netcore/Cargo.toml b/network/netcore/Cargo.toml
index 8214b38cbf83..344ed6c3bfdc 100644
--- a/network/netcore/Cargo.toml
+++ b/network/netcore/Cargo.toml
@@ -14,7 +14,7 @@ bytes = "1.0.1"
 futures = "0.3.12"
 pin-project = "1.0.5"
 serde = { version = "1.0.123", default-features = false }
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-util = { version = "0.6.3", features = ["compat"] }
 url = { version = "2.2.1" }
 
diff --git a/network/simple-onchain-discovery/Cargo.toml b/network/simple-onchain-discovery/Cargo.toml
index ede9669a118f..b6e8442a4d41 100644
--- a/network/simple-onchain-discovery/Cargo.toml
+++ b/network/simple-onchain-discovery/Cargo.toml
@@ -13,7 +13,7 @@ edition = "2018"
 anyhow = "1.0.38"
 futures = "0.3.12"
 once_cell = "1.7.2"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 channel = {path = "../../common/channel"}
 bcs = "0.1.2"
diff --git a/network/socket-bench-server/Cargo.toml b/network/socket-bench-server/Cargo.toml
index eae1e20777d8..e4de846ffd22 100644
--- a/network/socket-bench-server/Cargo.toml
+++ b/network/socket-bench-server/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 futures = "0.3.12"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-util = { version = "0.6.3", features = ["compat", "codec"] }
 
 diem-crypto = { path = "../../crypto/crypto" }
diff --git a/sdk/client/Cargo.toml b/sdk/client/Cargo.toml
index b94fb87d8a30..322624cb285a 100644
--- a/sdk/client/Cargo.toml
+++ b/sdk/client/Cargo.toml
@@ -28,6 +28,6 @@ diem-workspace-hack = { path = "../../common/workspace-hack" }
 
 # Optional Dependencies
 reqwest = { version = "0.11.1", features = ["json"], optional = true }
-tokio = { version = "1.2.0", features = ["time"], default_features = false, optional = true }
+tokio = { version = "1.3.0", features = ["time"], default_features = false, optional = true }
 ureq = { version = "1.5.4", features = ["json", "native-tls"], default-features = false, optional = true }
 proxy = { path = "../../common/proxy", optional = true }
diff --git a/secure/key-manager/Cargo.toml b/secure/key-manager/Cargo.toml
index 1f972bbbe8b6..f040ea5c272e 100644
--- a/secure/key-manager/Cargo.toml
+++ b/secure/key-manager/Cargo.toml
@@ -32,7 +32,7 @@ transaction-builder-generated = { path = "../../client/transaction-builder" }
 [dev-dependencies]
 futures = "0.3.12"
 rand = "0.8.3"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 executor = { path = "../../execution/executor" }
 executor-test-helpers = { path = "../../execution/executor-test-helpers" }
diff --git a/state-sync/Cargo.toml b/state-sync/Cargo.toml
index 56158fb9f55f..1baf61ddb77a 100644
--- a/state-sync/Cargo.toml
+++ b/state-sync/Cargo.toml
@@ -19,7 +19,7 @@ proptest = { version = "1.0.0", optional = true }
 rand = "0.8.3"
 serde = { version = "1.0.123", default-features = false }
 thiserror = "1.0.24"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-stream = "0.1.3"
 
 channel = { path = "../common/channel" }
diff --git a/storage/backup/backup-cli/Cargo.toml b/storage/backup/backup-cli/Cargo.toml
index 5325a9b18796..fa4fb845a6cf 100644
--- a/storage/backup/backup-cli/Cargo.toml
+++ b/storage/backup/backup-cli/Cargo.toml
@@ -26,7 +26,7 @@ serde = { version = "1.0.123", features = ["derive"] }
 serde_json = "1.0.64"
 structopt = "0.3.21"
 toml = "0.5.8"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 tokio-stream = "0.1.3"
 tokio-util = { version = "0.6.3", features = ["compat"] }
 
diff --git a/storage/backup/backup-service/Cargo.toml b/storage/backup/backup-service/Cargo.toml
index 0e040c4831f4..6cd778a6824a 100644
--- a/storage/backup/backup-service/Cargo.toml
+++ b/storage/backup/backup-service/Cargo.toml
@@ -15,7 +15,7 @@ futures = "0.3.12"
 hyper = "0.14.4"
 once_cell = "1.7.2"
 serde = { version = "1.0.123", default-features = false }
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 warp = "0.3.0"
 
 bcs = "0.1.2"
diff --git a/storage/storage-service/Cargo.toml b/storage/storage-service/Cargo.toml
index 00d0d2ad4149..15d93c56f022 100644
--- a/storage/storage-service/Cargo.toml
+++ b/storage/storage-service/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 anyhow = "1.0.38"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 futures = "0.3.12"
 
 bcs = "0.1.2"
diff --git a/testsuite/cli/Cargo.toml b/testsuite/cli/Cargo.toml
index 2ec83b51f75e..37eae80b62c4 100644
--- a/testsuite/cli/Cargo.toml
+++ b/testsuite/cli/Cargo.toml
@@ -21,7 +21,7 @@ once_cell = "1.7.2"
 reqwest = { version = "0.11.1", features = ["blocking", "json"] }
 serde = { version = "1.0.123", features = ["derive"] }
 structopt = "0.3.21"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 walkdir = "2.3.1"
 
 diem-config = { path = "../../config" }
diff --git a/testsuite/cluster-test/Cargo.toml b/testsuite/cluster-test/Cargo.toml
index 5ca4eff24509..2053c2c29f39 100644
--- a/testsuite/cluster-test/Cargo.toml
+++ b/testsuite/cluster-test/Cargo.toml
@@ -62,7 +62,7 @@ state-sync = { path = "../../state-sync" }
 transaction-builder = { path = "../../language/transaction-builder" }
 
 futures = "0.3.12"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 async-trait = "0.1.42"
 
 kube = "0.51.0"
diff --git a/testsuite/smoke-test/Cargo.toml b/testsuite/smoke-test/Cargo.toml
index 9daf373c77a2..5cb48ac98bc2 100644
--- a/testsuite/smoke-test/Cargo.toml
+++ b/testsuite/smoke-test/Cargo.toml
@@ -20,7 +20,7 @@ regex = "1.4.3"
 rust_decimal = "1.10.3"
 rusty-fork = "0.3.0"
 statistical = "1.0.0"
-tokio = { version = "1.2.0", features = ["full"] }
+tokio = { version = "1.3.0", features = ["full"] }
 
 backup-cli = { path = "../../storage/backup/backup-cli" }
 cli = { path = "../cli", features = ["fuzzing"]  }