diff --git a/go.mod b/go.mod
index c44381e68..887d617d2 100644
--- a/go.mod
+++ b/go.mod
@@ -19,7 +19,7 @@ require (
 	cosmossdk.io/x/nft v0.1.1
 	cosmossdk.io/x/tx v0.13.8
 	cosmossdk.io/x/upgrade v0.1.4
-	github.com/CosmWasm/wasmd v0.54.0
+	github.com/CosmWasm/wasmd v0.54.1
 	github.com/CosmWasm/wasmvm/v2 v2.2.4
 	github.com/cometbft/cometbft v0.38.17
 	github.com/cosmos/cosmos-db v1.1.1
diff --git a/go.sum b/go.sum
index 0a7d19cb7..b4123eef1 100644
--- a/go.sum
+++ b/go.sum
@@ -237,8 +237,8 @@ github.com/Azure/go-ansiterm v0.0.0-20230124172434-306776ec8161 h1:L/gRVlceqvL25
 github.com/Azure/go-ansiterm v0.0.0-20230124172434-306776ec8161/go.mod h1:xomTg63KZ2rFqZQzSB4Vz2SUXa1BpHTVz9L5PTmPC4E=
 github.com/BurntSushi/toml v0.3.1/go.mod h1:xHWCNGjB5oqiDr8zfno3MHue2Ht5sIBksp03qcyfWMU=
 github.com/BurntSushi/xgb v0.0.0-20160522181843-27f122750802/go.mod h1:IVnqGOEym/WlBOVXweHU+Q+/VP0lqqI8lqeDx9IjBqo=
-github.com/CosmWasm/wasmd v0.54.0 h1:/txsBehV1xnAi46H1xwuuY6D4NySujBy+wa5+ryItS8=
-github.com/CosmWasm/wasmd v0.54.0/go.mod h1:8Zu/rj6RHbJ8Gx0WdqsGeHvgnEQb0rqchpqhgMxASRU=
+github.com/CosmWasm/wasmd v0.54.1 h1:6WNkfx1sUw0YVsab0sm5JbgjCrCjiVNHWiS/8wpRn1I=
+github.com/CosmWasm/wasmd v0.54.1/go.mod h1:m0ozcN3Zv+MIUck+grRbUegdAPYgAyEuVFt05H1qARc=
 github.com/CosmWasm/wasmvm/v2 v2.2.4 h1:V3UwXJMA8TNOuQETppDQkaXAevF7gOWLYpKvrThPv7o=
 github.com/CosmWasm/wasmvm/v2 v2.2.4/go.mod h1:Aj/rB2KMRM8nAdbWxkO23rnQYb5KsoPuH9ZizSi0sVg=
 github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3tL4fMGNddJ+vMq1mwgfaqoQ=