diff --git a/Cargo.lock b/Cargo.lock
index 17eb2b73..e72bf3eb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -492,7 +492,7 @@ source = "git+https://github.com/input-output-hk/chain-libs.git?branch=master#48
 dependencies = [
  "cbor_event",
  "cryptoxide 0.4.2",
- "ed25519-bip32 0.4.1",
+ "ed25519-bip32",
 ]
 
 [[package]]
@@ -643,7 +643,7 @@ dependencies = [
  "bech32 0.8.1",
  "cryptoxide 0.4.2",
  "curve25519-dalek-ng",
- "ed25519-bip32 0.4.1",
+ "ed25519-bip32",
  "ed25519-dalek",
  "generic-array",
  "hex",
@@ -700,7 +700,7 @@ dependencies = [
  "chain-time",
  "chain-vote",
  "cryptoxide 0.4.2",
- "ed25519-bip32 0.4.1",
+ "ed25519-bip32",
  "hex",
  "imhamt",
  "lazy_static",
@@ -1450,15 +1450,6 @@ dependencies = [
  "signature",
 ]
 
-[[package]]
-name = "ed25519-bip32"
-version = "0.3.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8827180a2b511141fbe49141e50b31a8d542465e0fb572f81f36feea2addfe92"
-dependencies = [
- "cryptoxide 0.3.6",
-]
-
 [[package]]
 name = "ed25519-bip32"
 version = "0.4.1"
@@ -2251,7 +2242,7 @@ dependencies = [
  "chain-crypto",
  "chain-path-derivation",
  "cryptoxide 0.4.2",
- "ed25519-bip32 0.4.1",
+ "ed25519-bip32",
  "hex",
  "thiserror",
  "zeroize",
@@ -2560,7 +2551,7 @@ dependencies = [
  "dialoguer 0.10.1",
  "dirs 4.0.0",
  "eccoxide",
- "ed25519-bip32 0.3.2",
+ "ed25519-bip32",
  "hdkeygen",
  "hersir",
  "hex",
@@ -2867,7 +2858,7 @@ dependencies = [
  "chain-time",
  "chain-vote",
  "clap 3.2.16",
- "ed25519-bip32 0.4.1",
+ "ed25519-bip32",
  "gtmpl",
  "hex",
  "jormungandr-lib",
@@ -6916,7 +6907,7 @@ dependencies = [
  "chain-path-derivation",
  "chain-time",
  "cryptoxide 0.4.2",
- "ed25519-bip32 0.4.1",
+ "ed25519-bip32",
  "hashlink",
  "hdkeygen",
  "hex",
diff --git a/iapyx/Cargo.toml b/iapyx/Cargo.toml
index e0ccabe5..657f732e 100644
--- a/iapyx/Cargo.toml
+++ b/iapyx/Cargo.toml
@@ -24,7 +24,7 @@ dirs = "4.0"
 rand_core = "0.6"
 itertools = "0.10.3"
 cryptoxide = "0.4.2"
-ed25519-bip32 = "^0.3.1"
+ed25519-bip32 = "^0.4.1"
 jcli = { git = "https://github.com/input-output-hk/jormungandr.git", branch = "master" }
 jormungandr-lib = { git = "https://github.com/input-output-hk/jormungandr.git", branch = "master" }
 jormungandr-automation = { git = "https://github.com/input-output-hk/jormungandr.git", branch = "master" }