diff --git a/Cargo.lock b/Cargo.lock
index 18d9a03c556..3463c7347c5 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4989,9 +4989,9 @@ dependencies = [
 
 [[package]]
 name = "rmp"
-version = "0.8.12"
+version = "0.8.14"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7f9860a6cc38ed1da53456442089b4dfa35e7cedaa326df63017af88385e6b20"
+checksum = "228ed7c16fa39782c3b3468e974aec2795e9089153cd08ee2e9aefb3613334c4"
 dependencies = [
  "byteorder",
  "num-traits",
@@ -5000,9 +5000,9 @@ dependencies = [
 
 [[package]]
 name = "rmp-serde"
-version = "1.1.2"
+version = "1.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bffea85eea980d8a74453e5d02a8d93028f3c34725de143085a844ebe953258a"
+checksum = "938a142ab806f18b88a97b0dea523d39e0fd730a064b035726adcfc58a8a5188"
 dependencies = [
  "byteorder",
  "rmp",
diff --git a/identity/Cargo.toml b/identity/Cargo.toml
index 217044d0fcd..fbc7bae3d11 100644
--- a/identity/Cargo.toml
+++ b/identity/Cargo.toml
@@ -44,7 +44,7 @@ rand = ["dep:rand", "ed25519-dalek?/rand_core"]
 quickcheck = { workspace = true }
 base64 = "0.22.0"
 serde_json = "1.0"
-rmp-serde = "1.1"
+rmp-serde = "1.2"
 criterion = "0.5"
 hex-literal = "0.4.1"