diff --git a/Cargo.lock b/Cargo.lock
index c96367b4e..f534ddcb3 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -14453,9 +14453,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.41.1"
+version = "1.42.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "22cfb5bee7a6a52939ca9224d6ac897bb669134078daa8735560897f69de4d33"
+checksum = "5cec9b21b0450273377fc97bd4c33a8acffc8c996c987a7c5b319a0083707551"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/crates/client/Cargo.toml b/crates/client/Cargo.toml
index 776629d8f..4d8ea2e9f 100644
--- a/crates/client/Cargo.toml
+++ b/crates/client/Cargo.toml
@@ -35,7 +35,7 @@ parity-scale-codec={ version="3.6.3", default-features=false, optional=true }
 
 # Only for the browser
 js-sys={ version="0.3.74", optional=true }
-tokio ={ version="1.41", features=["time"] }
+tokio ={ version="1.42", features=["time"] }
 
 [dev-dependencies]
 serial_test          ="3.2.0"
diff --git a/crates/kvdb/Cargo.toml b/crates/kvdb/Cargo.toml
index efc5e5ad4..6c9f3702d 100644
--- a/crates/kvdb/Cargo.toml
+++ b/crates/kvdb/Cargo.toml
@@ -26,7 +26,7 @@ chacha20poly1305={ version="0.9", features=["alloc"], default-features=false }
 synedrion       ="0.2.0"
 
 # Async
-tokio  ={ version="1.41", features=["macros", "sync", "fs", "rt-multi-thread", "io-util"] }
+tokio  ={ version="1.42", features=["macros", "sync", "fs", "rt-multi-thread", "io-util"] }
 tracing={ version="0.1", default-features=false }
 
 # Misc
diff --git a/crates/protocol/Cargo.toml b/crates/protocol/Cargo.toml
index 64181b66c..09ea23155 100644
--- a/crates/protocol/Cargo.toml
+++ b/crates/protocol/Cargo.toml
@@ -15,7 +15,7 @@ synedrion          ="0.2.0"
 serde              ={ version="1.0", features=["derive"], default-features=false }
 subxt              ={ version="0.35.3", default-features=false }
 sp-core            ={ version="31.0.0", default-features=false, features=["full_crypto", "serde"] }
-tokio              ={ version="1.41", features=["sync", "rt", "macros"] }
+tokio              ={ version="1.42", features=["sync", "rt", "macros"] }
 x25519-dalek       ={ version="2.0.1", features=["static_secrets"] }
 futures            ="0.3"
 hex                ="0.4.3"
diff --git a/crates/test-cli/Cargo.toml b/crates/test-cli/Cargo.toml
index a99a0cb2e..d4b45ae44 100644
--- a/crates/test-cli/Cargo.toml
+++ b/crates/test-cli/Cargo.toml
@@ -15,7 +15,7 @@ colored       ="2.0.4"
 subxt         ="0.35.3"
 sp-core       ="31.0.0"
 anyhow        ="1.0.94"
-tokio         ={ version="1.41", features=["macros", "rt-multi-thread", "io-util", "process"] }
+tokio         ={ version="1.42", features=["macros", "rt-multi-thread", "io-util", "process"] }
 hex           ="0.4.3"
 bincode       ="1.3.3"
 x25519-dalek  ="2.0.1"
diff --git a/crates/testing-utils/Cargo.toml b/crates/testing-utils/Cargo.toml
index 7f4b8a6c1..510d81127 100644
--- a/crates/testing-utils/Cargo.toml
+++ b/crates/testing-utils/Cargo.toml
@@ -16,7 +16,7 @@ sp-core           ={ version="31.0.0", default-features=false }
 parity-scale-codec="3.7.0"
 lazy_static       ="1.5.0"
 hex-literal       ="0.4.1"
-tokio             ={ version="1.41", features=["macros", "fs", "rt-multi-thread", "io-util", "process"] }
+tokio             ={ version="1.42", features=["macros", "fs", "rt-multi-thread", "io-util", "process"] }
 axum              ={ version="0.7.9" }
 entropy-shared    ={ version="0.3.0", path="../shared" }
 entropy-kvdb      ={ version="0.3.0", path="../kvdb", default-features=false }
diff --git a/crates/threshold-signature-server/Cargo.toml b/crates/threshold-signature-server/Cargo.toml
index de704d948..7db76ca66 100644
--- a/crates/threshold-signature-server/Cargo.toml
+++ b/crates/threshold-signature-server/Cargo.toml
@@ -28,7 +28,7 @@ backoff            ={ version="0.4.0", features=["tokio"] }
 
 # Async
 futures="0.3"
-tokio  ={ version="1.41", features=["macros", "fs", "rt-multi-thread", "io-util", "process", "sync"] }
+tokio  ={ version="1.42", features=["macros", "fs", "rt-multi-thread", "io-util", "process", "sync"] }
 
 # HTTP
 reqwest={ version="0.12.9", features=["json", "stream"] }
diff --git a/scripts/create-test-keyshares/Cargo.toml b/scripts/create-test-keyshares/Cargo.toml
index 1cc26bccd..63f1e395e 100644
--- a/scripts/create-test-keyshares/Cargo.toml
+++ b/scripts/create-test-keyshares/Cargo.toml
@@ -11,7 +11,7 @@ publish    =false
 
 [dependencies]
 entropy-testing-utils={ version="0.3.0", path="../../crates/testing-utils" }
-tokio={ version="1.41", features=["macros", "fs", "rt-multi-thread", "io-util", "process"] }
+tokio={ version="1.42", features=["macros", "fs", "rt-multi-thread", "io-util", "process"] }
 entropy-shared={ version="0.3.0", path="../../crates/shared" }
 entropy-kvdb={ version="0.3.0", path="../../crates/kvdb", default-features=false }
 sp-core="31.0.0"