diff --git a/Cargo.lock b/Cargo.lock
index 0dafb7ec4ec7..dd401d278d8e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7301,9 +7301,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-util"
-version = "0.6.3"
+version = "0.6.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ebb7cb2f00c5ae8df755b252306272cd1790d39728363936e01827e11f0b017b"
+checksum = "ec31e5cc6b46e653cf57762f36f71d5e6386391d88a72fd6db4508f8f676fb29"
 dependencies = [
  "bytes",
  "futures-core",
diff --git a/common/rate-limiter/Cargo.toml b/common/rate-limiter/Cargo.toml
index 31fd4f76e05a..e3374a6bcf67 100644
--- a/common/rate-limiter/Cargo.toml
+++ b/common/rate-limiter/Cargo.toml
@@ -17,4 +17,4 @@ diem-metrics = { path = "../metrics" }
 futures = "0.3.12"
 pin-project = "1.0.5"
 tokio = { version = "1.2.0", features = ["full"] }
-tokio-util = { version = "0.6.3", features = ["compat"] }
+tokio-util = { version = "0.6.4", features = ["compat"] }
diff --git a/common/workspace-hack/Cargo.toml b/common/workspace-hack/Cargo.toml
index ef86bb2d5fb4..799707aa6f0c 100644
--- a/common/workspace-hack/Cargo.toml
+++ b/common/workspace-hack/Cargo.toml
@@ -49,7 +49,7 @@ serde_json = { version = "1.0.64", features = ["default", "indexmap", "preserve_
 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-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
+tokio-util = { version = "0.6.4", 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"] }
 warp = { version = "0.3.0", features = ["default", "multipart", "tls", "tokio-rustls", "tokio-tungstenite", "websocket"] }
@@ -99,7 +99,7 @@ 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 = "1.0.62", 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-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
+tokio-util = { version = "0.6.4", 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"] }
 warp = { version = "0.3.0", features = ["default", "multipart", "tls", "tokio-rustls", "tokio-tungstenite", "websocket"] }
@@ -144,7 +144,7 @@ serde_json = { version = "1.0.64", features = ["default", "indexmap", "preserve_
 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-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
+tokio-util = { version = "0.6.4", 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"] }
 warp = { version = "0.3.0", features = ["default", "multipart", "tls", "tokio-rustls", "tokio-tungstenite", "websocket"] }
@@ -194,7 +194,7 @@ 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 = "1.0.62", 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-util = { version = "0.6.3", features = ["codec", "compat", "default", "futures-io", "io"] }
+tokio-util = { version = "0.6.4", 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"] }
 warp = { version = "0.3.0", features = ["default", "multipart", "tls", "tokio-rustls", "tokio-tungstenite", "websocket"] }
diff --git a/network/Cargo.toml b/network/Cargo.toml
index 83a0b091605a..6ca9533e2f89 100644
--- a/network/Cargo.toml
+++ b/network/Cargo.toml
@@ -27,7 +27,7 @@ thiserror = "1.0.24"
 tokio = { version = "1.2.0", features = ["full"] }
 tokio-retry = "0.3.0"
 tokio-stream = "0.1.3"
-tokio-util = { version = "0.6.3", features = ["compat", "codec"] }
+tokio-util = { version = "0.6.4", features = ["compat", "codec"] }
 
 bitvec = { path = "../common/bitvec", package = "diem-bitvec" }
 channel = { path = "../common/channel" }
diff --git a/network/netcore/Cargo.toml b/network/netcore/Cargo.toml
index 4ab34c027729..9740d3dd6c23 100644
--- a/network/netcore/Cargo.toml
+++ b/network/netcore/Cargo.toml
@@ -15,7 +15,7 @@ futures = "0.3.12"
 pin-project = "1.0.5"
 serde = { version = "1.0.124", default-features = false }
 tokio = { version = "1.2.0", features = ["full"] }
-tokio-util = { version = "0.6.3", features = ["compat"] }
+tokio-util = { version = "0.6.4", features = ["compat"] }
 url = { version = "2.2.1" }
 
 diem-workspace-hack = { path = "../../common/workspace-hack" }
diff --git a/network/socket-bench-server/Cargo.toml b/network/socket-bench-server/Cargo.toml
index eae1e20777d8..e45cb6cfb143 100644
--- a/network/socket-bench-server/Cargo.toml
+++ b/network/socket-bench-server/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.12"
 tokio = { version = "1.2.0", features = ["full"] }
-tokio-util = { version = "0.6.3", features = ["compat", "codec"] }
+tokio-util = { version = "0.6.4", features = ["compat", "codec"] }
 
 diem-crypto = { path = "../../crypto/crypto" }
 diem-config = { path = "../../config" }
diff --git a/storage/backup/backup-cli/Cargo.toml b/storage/backup/backup-cli/Cargo.toml
index 3bc83d4a95ea..23280cd0c31f 100644
--- a/storage/backup/backup-cli/Cargo.toml
+++ b/storage/backup/backup-cli/Cargo.toml
@@ -28,7 +28,7 @@ structopt = "0.3.21"
 toml = "0.5.8"
 tokio = { version = "1.2.0", features = ["full"] }
 tokio-stream = "0.1.3"
-tokio-util = { version = "0.6.3", features = ["compat"] }
+tokio-util = { version = "0.6.4", features = ["compat"] }
 
 executor = { path = "../../../execution/executor" }
 executor-test-helpers = { path = "../../../execution/executor-test-helpers", optional = true }