diff --git a/requirements/requirements-ci.txt b/requirements/requirements-ci.txt
index 82c20b4285..c57157f93b 100644
--- a/requirements/requirements-ci.txt
+++ b/requirements/requirements-ci.txt
@@ -623,7 +623,7 @@ pyyaml==5.4
     #   matrix-synapse
 raiden-api-client==1.1.1
     # via -r requirements-dev.txt
-raiden-contracts==0.40.3
+raiden-contracts==0.50.1
     # via -r requirements-dev.txt
 raiden-webui==1.2.1
     # via -r requirements-dev.txt
diff --git a/requirements/requirements-dev.txt b/requirements/requirements-dev.txt
index 03f9dbdac7..277462a7e5 100644
--- a/requirements/requirements-dev.txt
+++ b/requirements/requirements-dev.txt
@@ -527,7 +527,7 @@ pyyaml==5.4
     # via matrix-synapse
 raiden-api-client==1.1.1
     # via -r requirements-dev.in
-raiden-contracts==0.40.3
+raiden-contracts==0.50.1
     # via -r requirements.txt
 raiden-webui==1.2.1
     # via -r requirements.txt
diff --git a/requirements/requirements.in b/requirements/requirements.in
index 3ce53141f8..0610488fe4 100644
--- a/requirements/requirements.in
+++ b/requirements/requirements.in
@@ -26,7 +26,7 @@ packaging
 psutil
 pysha3
 toml
-raiden-contracts>=0.40.0,<0.41.0
+raiden-contracts>=0.40.0,<0.51.0
 raiden-webui
 requests
 structlog
diff --git a/requirements/requirements.txt b/requirements/requirements.txt
index e5faa49629..77587f2635 100644
--- a/requirements/requirements.txt
+++ b/requirements/requirements.txt
@@ -232,7 +232,7 @@ pysha3==1.0.2
     # via -r requirements.in
 pytz==2019.1
     # via flask-restful
-raiden-contracts==0.40.3
+raiden-contracts==0.50.1
     # via -r requirements.in
 raiden-webui==1.2.1
     # via -r requirements.in