diff --git a/keypair/Cargo.toml b/keypair/Cargo.toml
index 63d3441d..190259d3 100644
--- a/keypair/Cargo.toml
+++ b/keypair/Cargo.toml
@@ -21,7 +21,7 @@ zeroize = "1"
 serde_bytes = "0.11"
 eyre = "0.6.5"
 libp2p-identity = { workspace = true, default-features = false, features = ["peerid", "rsa", "ed25519", "secp256k1"] }
-multihash = { version = "0.18.0", features = ["identity"] }
+multihash = { version = "0.19.0", features = ["identity"] }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
 ring = { version = "0.16.9", features = ["alloc", "std"], default-features = false }