diff --git a/packages/keyring-api/package.json b/packages/keyring-api/package.json
index 90131955..e80b3027 100644
--- a/packages/keyring-api/package.json
+++ b/packages/keyring-api/package.json
@@ -48,7 +48,7 @@
   "dependencies": {
     "@metamask/keyring-utils": "workspace:^",
     "@metamask/superstruct": "^3.1.0",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "bech32": "^2.0.0"
   },
   "devDependencies": {
diff --git a/packages/keyring-api/src/api/account.test.ts b/packages/keyring-api/src/api/account.test.ts
index b59f7305..c01afc87 100644
--- a/packages/keyring-api/src/api/account.test.ts
+++ b/packages/keyring-api/src/api/account.test.ts
@@ -52,7 +52,7 @@ describe('api', () => {
         scopes: [scope],
       };
       expect(() => assert(account, KeyringAccountStruct)).toThrow(
-        `At path: scopes.0 -- Expected a string matching \`/^(?<namespace>[-a-z0-9]{3,8}):(?<reference>[-_a-zA-Z0-9]{1,32})$/\` but received "${scope}"`,
+        `At path: scopes.0 -- Expected a value of type \`CaipChainId\`, but received: \`"${scope}"\``,
       );
     });
   });
diff --git a/packages/keyring-api/src/api/caip.test.ts b/packages/keyring-api/src/api/caip.test.ts
deleted file mode 100644
index 1cb75739..00000000
--- a/packages/keyring-api/src/api/caip.test.ts
+++ /dev/null
@@ -1,86 +0,0 @@
-import { isCaipAssetId, isCaipAssetType } from './caip';
-
-describe('isCaipAssetType', () => {
-  // Imported from: https://github.com/ChainAgnostic/CAIPs/blob/main/CAIPs/caip-19.md#test-cases
-  it.each([
-    'eip155:1/slip44:60',
-    'bip122:000000000019d6689c085ae165831e93/slip44:0',
-    'cosmos:cosmoshub-3/slip44:118',
-    'bip122:12a765e31ffd4059bada1e25190f6e98/slip44:2',
-    'cosmos:Binance-Chain-Tigris/slip44:714',
-    'cosmos:iov-mainnet/slip44:234',
-    'lip9:9ee11e9df416b18b/slip44:134',
-    'eip155:1/erc20:0x6b175474e89094c44da98b954eedeac495271d0f',
-    'eip155:1/erc721:0x06012c8cf97BEaD5deAe237070F9587f8E7A266d',
-  ])('returns true for a valid asset type %s', (id) => {
-    expect(isCaipAssetType(id)).toBe(true);
-  });
-
-  it.each([
-    true,
-    false,
-    null,
-    undefined,
-    1,
-    {},
-    [],
-    '',
-    '!@#$%^&*()',
-    'foo',
-    'eip155',
-    'eip155:',
-    'eip155:1',
-    'eip155:1:',
-    'eip155:1:0x0000000000000000000000000000000000000000:2',
-    'bip122',
-    'bip122:',
-    'bip122:000000000019d6689c085ae165831e93',
-    'bip122:000000000019d6689c085ae165831e93/',
-    'bip122:000000000019d6689c085ae165831e93/tooooooolong',
-    'bip122:000000000019d6689c085ae165831e93/tooooooolong:asset',
-    'eip155:1/erc721',
-    'eip155:1/erc721:',
-    'eip155:1/erc721:0x06012c8cf97BEaD5deAe237070F9587f8E7A266d/',
-  ])('returns false for an invalid asset type %s', (id) => {
-    expect(isCaipAssetType(id)).toBe(false);
-  });
-});
-
-describe('isCaipAssetId', () => {
-  // Imported from: https://github.com/ChainAgnostic/CAIPs/blob/main/CAIPs/caip-19.md#test-cases
-  it.each([
-    'eip155:1/erc721:0x06012c8cf97BEaD5deAe237070F9587f8E7A266d/771769',
-    'hedera:mainnet/nft:0.0.55492/12',
-  ])('returns true for a valid asset id %s', (id) => {
-    expect(isCaipAssetId(id)).toBe(true);
-  });
-
-  it.each([
-    true,
-    false,
-    null,
-    undefined,
-    1,
-    {},
-    [],
-    '',
-    '!@#$%^&*()',
-    'foo',
-    'eip155',
-    'eip155:',
-    'eip155:1',
-    'eip155:1:',
-    'eip155:1:0x0000000000000000000000000000000000000000:2',
-    'bip122',
-    'bip122:',
-    'bip122:000000000019d6689c085ae165831e93',
-    'bip122:000000000019d6689c085ae165831e93/',
-    'bip122:000000000019d6689c085ae165831e93/tooooooolong',
-    'bip122:000000000019d6689c085ae165831e93/tooooooolong:asset',
-    'eip155:1/erc721',
-    'eip155:1/erc721:',
-    'eip155:1/erc721:0x06012c8cf97BEaD5deAe237070F9587f8E7A266d/',
-  ])('returns false for an invalid asset id %s', (id) => {
-    expect(isCaipAssetType(id)).toBe(false);
-  });
-});
diff --git a/packages/keyring-api/src/api/caip.ts b/packages/keyring-api/src/api/caip.ts
deleted file mode 100644
index aa1d03a1..00000000
--- a/packages/keyring-api/src/api/caip.ts
+++ /dev/null
@@ -1,40 +0,0 @@
-import { definePattern } from '@metamask/keyring-utils';
-import { type Infer } from '@metamask/superstruct';
-import type { CaipAssetId, CaipAssetType } from '@metamask/utils';
-import {
-  CAIP_ASSET_TYPE_REGEX,
-  CAIP_ASSET_ID_REGEX,
-  isCaipAssetType,
-  isCaipAssetId,
-} from '@metamask/utils';
-
-const CAIP_ASSET_TYPE_OR_ID_REGEX =
-  /^(?<chainId>(?<namespace>[-a-z0-9]{3,8}):(?<reference>[-_a-zA-Z0-9]{1,32}))\/(?<assetNamespace>[-a-z0-9]{3,8}):(?<assetReference>[-.%a-zA-Z0-9]{1,128})(\/(?<tokenId>[-.%a-zA-Z0-9]{1,78}))?$/u;
-
-/**
- * A CAIP-19 asset type identifier, i.e., a human-readable type of asset identifier.
- */
-export const CaipAssetTypeStruct = definePattern<CaipAssetType>(
-  'CaipAssetType',
-  CAIP_ASSET_TYPE_REGEX,
-);
-export type { CaipAssetType };
-export { isCaipAssetType };
-
-/**
- * A CAIP-19 asset ID identifier, i.e., a human-readable type of asset ID.
- */
-export const CaipAssetIdStruct = definePattern<CaipAssetId>(
-  'CaipAssetId',
-  CAIP_ASSET_ID_REGEX,
-);
-export type { CaipAssetId };
-export { isCaipAssetId };
-
-/**
- * A CAIP-19 asset type or asset ID identifier, i.e., a human-readable type of asset identifier.
- */
-export const CaipAssetTypeOrIdStruct = definePattern<
-  CaipAssetType | CaipAssetId
->('CaipAssetTypeOrId', CAIP_ASSET_TYPE_OR_ID_REGEX);
-export type CaipAssetTypeOrId = Infer<typeof CaipAssetTypeOrIdStruct>;
diff --git a/packages/keyring-api/src/api/index.ts b/packages/keyring-api/src/api/index.ts
index a1288a7a..b61cd383 100644
--- a/packages/keyring-api/src/api/index.ts
+++ b/packages/keyring-api/src/api/index.ts
@@ -1,7 +1,6 @@
 export * from './account';
 export * from './asset';
 export * from './balance';
-export * from './caip';
 export * from './export';
 export * from './request';
 export * from './response';
diff --git a/packages/keyring-api/src/api/keyring.ts b/packages/keyring-api/src/api/keyring.ts
index deb5bebf..2f0538f8 100644
--- a/packages/keyring-api/src/api/keyring.ts
+++ b/packages/keyring-api/src/api/keyring.ts
@@ -1,11 +1,10 @@
 /* eslint-disable @typescript-eslint/no-redundant-type-constituents */
 // This rule seems to be triggering a false positive on the `KeyringAccount`.
 
-import type { Json } from '@metamask/utils';
+import type { Json, CaipAssetType, CaipAssetTypeOrId } from '@metamask/utils';
 
 import type { KeyringAccount } from './account';
 import type { Balance } from './balance';
-import type { CaipAssetType, CaipAssetTypeOrId } from './caip';
 import type { KeyringAccountData } from './export';
 import type { Paginated, Pagination } from './pagination';
 import type { KeyringRequest } from './request';
diff --git a/packages/keyring-api/src/events.ts b/packages/keyring-api/src/events.ts
index c3c95295..8767e2d4 100644
--- a/packages/keyring-api/src/events.ts
+++ b/packages/keyring-api/src/events.ts
@@ -6,10 +6,13 @@ import {
 } from '@metamask/keyring-utils';
 import type { Infer } from '@metamask/superstruct';
 import { array, boolean, literal, record, string } from '@metamask/superstruct';
-import { CaipAssetTypeStruct, JsonStruct } from '@metamask/utils';
-
 import {
+  CaipAssetTypeStruct,
   CaipAssetTypeOrIdStruct,
+  JsonStruct,
+} from '@metamask/utils';
+
+import {
   FungibleAssetAmountStruct,
   KeyringAccountStruct,
   TransactionStruct,
diff --git a/packages/keyring-api/src/rpc.ts b/packages/keyring-api/src/rpc.ts
index f4040101..bee19d89 100644
--- a/packages/keyring-api/src/rpc.ts
+++ b/packages/keyring-api/src/rpc.ts
@@ -8,18 +8,20 @@ import {
   string,
   union,
 } from '@metamask/superstruct';
-import { JsonStruct } from '@metamask/utils';
+import {
+  JsonStruct,
+  CaipAssetTypeStruct,
+  CaipAssetTypeOrIdStruct,
+} from '@metamask/utils';
 
 import {
   BalanceStruct,
-  CaipAssetTypeStruct,
   KeyringAccountDataStruct,
   KeyringAccountStruct,
   KeyringRequestStruct,
   KeyringResponseStruct,
   TransactionsPageStruct,
   PaginationStruct,
-  CaipAssetTypeOrIdStruct,
 } from './api';
 
 /**
diff --git a/packages/keyring-eth-hd/package.json b/packages/keyring-eth-hd/package.json
index 173437d2..70d09601 100644
--- a/packages/keyring-eth-hd/package.json
+++ b/packages/keyring-eth-hd/package.json
@@ -48,7 +48,7 @@
     "@metamask/eth-sig-util": "^8.1.2",
     "@metamask/key-tree": "^10.0.2",
     "@metamask/scure-bip39": "^2.1.1",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "ethereum-cryptography": "^2.1.2"
   },
   "devDependencies": {
diff --git a/packages/keyring-eth-ledger-bridge/package.json b/packages/keyring-eth-ledger-bridge/package.json
index 94b5ec5a..bb54fd8f 100644
--- a/packages/keyring-eth-ledger-bridge/package.json
+++ b/packages/keyring-eth-ledger-bridge/package.json
@@ -63,7 +63,7 @@
     "@ledgerhq/types-devices": "^6.25.3",
     "@ledgerhq/types-live": "^6.52.0",
     "@metamask/auto-changelog": "^3.4.4",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "@ts-bridge/cli": "^0.6.1",
     "@types/ethereumjs-tx": "^1.0.1",
     "@types/hdkey": "^2.0.1",
diff --git a/packages/keyring-eth-simple/package.json b/packages/keyring-eth-simple/package.json
index 90c77b4f..34c5366c 100644
--- a/packages/keyring-eth-simple/package.json
+++ b/packages/keyring-eth-simple/package.json
@@ -46,7 +46,7 @@
   "dependencies": {
     "@ethereumjs/util": "^8.1.0",
     "@metamask/eth-sig-util": "^8.1.2",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "ethereum-cryptography": "^2.1.2",
     "randombytes": "^2.1.0"
   },
diff --git a/packages/keyring-internal-api/package.json b/packages/keyring-internal-api/package.json
index 51bd3369..58a64ec0 100644
--- a/packages/keyring-internal-api/package.json
+++ b/packages/keyring-internal-api/package.json
@@ -48,7 +48,7 @@
     "@metamask/keyring-api": "workspace:^",
     "@metamask/keyring-utils": "workspace:^",
     "@metamask/superstruct": "^3.1.0",
-    "@metamask/utils": "^11.0.1"
+    "@metamask/utils": "^11.1.0"
   },
   "devDependencies": {
     "@lavamoat/allow-scripts": "^3.2.1",
diff --git a/packages/keyring-internal-snap-client/package.json b/packages/keyring-internal-snap-client/package.json
index 1f766cf8..09b8c4a6 100644
--- a/packages/keyring-internal-snap-client/package.json
+++ b/packages/keyring-internal-snap-client/package.json
@@ -57,7 +57,7 @@
     "@metamask/snaps-controllers": "^9.10.0",
     "@metamask/snaps-sdk": "^6.7.0",
     "@metamask/snaps-utils": "^8.3.0",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "@ts-bridge/cli": "^0.6.1",
     "@types/jest": "^29.5.12",
     "@types/node": "^20.12.12",
diff --git a/packages/keyring-snap-bridge/package.json b/packages/keyring-snap-bridge/package.json
index 28b4f7ff..cc02843b 100644
--- a/packages/keyring-snap-bridge/package.json
+++ b/packages/keyring-snap-bridge/package.json
@@ -45,7 +45,7 @@
     "@metamask/keyring-internal-snap-client": "workspace:^",
     "@metamask/keyring-utils": "workspace:^",
     "@metamask/superstruct": "^3.1.0",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "@types/uuid": "^9.0.8",
     "uuid": "^9.0.1"
   },
diff --git a/packages/keyring-snap-client/package.json b/packages/keyring-snap-client/package.json
index 0a162fe1..54fe8692 100644
--- a/packages/keyring-snap-client/package.json
+++ b/packages/keyring-snap-client/package.json
@@ -57,7 +57,7 @@
     "@lavamoat/preinstall-always-fail": "^2.1.0",
     "@metamask/auto-changelog": "^3.4.4",
     "@metamask/providers": "^18.3.1",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "@ts-bridge/cli": "^0.6.1",
     "@types/jest": "^29.5.12",
     "@types/node": "^20.12.12",
diff --git a/packages/keyring-snap-client/src/KeyringClient.test.ts b/packages/keyring-snap-client/src/KeyringClient.test.ts
index ba3295f1..2cdb4417 100644
--- a/packages/keyring-snap-client/src/KeyringClient.test.ts
+++ b/packages/keyring-snap-client/src/KeyringClient.test.ts
@@ -1,11 +1,10 @@
 import type {
-  CaipAssetType,
-  CaipAssetTypeOrId,
   KeyringAccount,
   KeyringRequest,
   KeyringResponse,
 } from '@metamask/keyring-api';
 import { KeyringRpcMethod } from '@metamask/keyring-api';
+import type { CaipAssetType, CaipAssetTypeOrId } from '@metamask/utils';
 
 import { KeyringClient } from '.'; // Import from `index.ts` to test the public API
 
diff --git a/packages/keyring-snap-client/src/KeyringClient.ts b/packages/keyring-snap-client/src/KeyringClient.ts
index f8537396..477f07e6 100644
--- a/packages/keyring-snap-client/src/KeyringClient.ts
+++ b/packages/keyring-snap-client/src/KeyringClient.ts
@@ -4,11 +4,9 @@ import type {
   KeyringRequest,
   KeyringAccountData,
   KeyringResponse,
-  CaipAssetType,
   Balance,
   TransactionsPage,
   Pagination,
-  CaipAssetTypeOrId,
 } from '@metamask/keyring-api';
 import {
   ApproveRequestResponseStruct,
@@ -31,7 +29,7 @@ import {
 import type { JsonRpcRequest } from '@metamask/keyring-utils';
 import { strictMask } from '@metamask/keyring-utils';
 import { assert } from '@metamask/superstruct';
-import type { Json } from '@metamask/utils';
+import type { CaipAssetType, CaipAssetTypeOrId, Json } from '@metamask/utils';
 import { v4 as uuid } from 'uuid';
 
 export type Sender = {
diff --git a/packages/keyring-snap-sdk/package.json b/packages/keyring-snap-sdk/package.json
index 50b1f136..a4fc84d8 100644
--- a/packages/keyring-snap-sdk/package.json
+++ b/packages/keyring-snap-sdk/package.json
@@ -48,7 +48,7 @@
     "@metamask/keyring-utils": "workspace:^",
     "@metamask/snaps-sdk": "^6.7.0",
     "@metamask/superstruct": "^3.1.0",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "webextension-polyfill": "^0.12.0"
   },
   "devDependencies": {
diff --git a/packages/keyring-utils/package.json b/packages/keyring-utils/package.json
index 93b79223..c710f57e 100644
--- a/packages/keyring-utils/package.json
+++ b/packages/keyring-utils/package.json
@@ -46,7 +46,7 @@
   },
   "dependencies": {
     "@metamask/superstruct": "^3.1.0",
-    "@metamask/utils": "^11.0.1",
+    "@metamask/utils": "^11.1.0",
     "bitcoin-address-validation": "^2.2.3"
   },
   "devDependencies": {
diff --git a/yarn.lock b/yarn.lock
index db1fdccb..0759c704 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1690,7 +1690,7 @@ __metadata:
     "@metamask/eth-sig-util": "npm:^8.1.2"
     "@metamask/key-tree": "npm:^10.0.2"
     "@metamask/scure-bip39": "npm:^2.1.1"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     deepmerge: "npm:^4.2.2"
@@ -1716,7 +1716,7 @@ __metadata:
     "@ledgerhq/types-live": "npm:^6.52.0"
     "@metamask/auto-changelog": "npm:^3.4.4"
     "@metamask/eth-sig-util": "npm:^8.1.2"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/ethereumjs-tx": "npm:^1.0.1"
     "@types/hdkey": "npm:^2.0.1"
@@ -1783,7 +1783,7 @@ __metadata:
     "@lavamoat/preinstall-always-fail": "npm:^2.1.0"
     "@metamask/auto-changelog": "npm:^3.4.4"
     "@metamask/eth-sig-util": "npm:^8.1.2"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/ethereumjs-tx": "npm:^1.0.1"
     "@types/jest": "npm:^29.5.12"
@@ -1820,7 +1820,7 @@ __metadata:
     "@metamask/snaps-sdk": "npm:^6.7.0"
     "@metamask/snaps-utils": "npm:^8.3.0"
     "@metamask/superstruct": "npm:^3.1.0"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     "@types/node": "npm:^20.12.12"
@@ -1957,7 +1957,7 @@ __metadata:
     "@metamask/auto-changelog": "npm:^3.4.4"
     "@metamask/keyring-utils": "workspace:^"
     "@metamask/superstruct": "npm:^3.1.0"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     "@types/node": "npm:^20.12.12"
@@ -1985,7 +1985,7 @@ __metadata:
     "@metamask/keyring-api": "workspace:^"
     "@metamask/keyring-utils": "workspace:^"
     "@metamask/superstruct": "npm:^3.1.0"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     "@types/node": "npm:^20.12.12"
@@ -2016,7 +2016,7 @@ __metadata:
     "@metamask/snaps-controllers": "npm:^9.10.0"
     "@metamask/snaps-sdk": "npm:^6.7.0"
     "@metamask/snaps-utils": "npm:^8.3.0"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     "@types/node": "npm:^20.12.12"
@@ -2044,7 +2044,7 @@ __metadata:
     "@metamask/keyring-utils": "workspace:^"
     "@metamask/providers": "npm:^18.3.1"
     "@metamask/superstruct": "npm:^3.1.0"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     "@types/node": "npm:^20.12.12"
@@ -2078,7 +2078,7 @@ __metadata:
     "@metamask/providers": "npm:^18.3.1"
     "@metamask/snaps-sdk": "npm:^6.7.0"
     "@metamask/superstruct": "npm:^3.1.0"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     "@types/node": "npm:^20.12.12"
@@ -2106,7 +2106,7 @@ __metadata:
     "@lavamoat/preinstall-always-fail": "npm:^2.1.0"
     "@metamask/auto-changelog": "npm:^3.4.4"
     "@metamask/superstruct": "npm:^3.1.0"
-    "@metamask/utils": "npm:^11.0.1"
+    "@metamask/utils": "npm:^11.1.0"
     "@ts-bridge/cli": "npm:^0.6.1"
     "@types/jest": "npm:^29.5.12"
     "@types/node": "npm:^20.12.12"
@@ -2391,9 +2391,9 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/utils@npm:^11.0.1":
-  version: 11.0.1
-  resolution: "@metamask/utils@npm:11.0.1"
+"@metamask/utils@npm:^11.0.1, @metamask/utils@npm:^11.1.0":
+  version: 11.1.0
+  resolution: "@metamask/utils@npm:11.1.0"
   dependencies:
     "@ethereumjs/tx": "npm:^4.2.0"
     "@metamask/superstruct": "npm:^3.1.0"
@@ -2404,7 +2404,7 @@ __metadata:
     pony-cause: "npm:^2.1.10"
     semver: "npm:^7.5.4"
     uuid: "npm:^9.0.1"
-  checksum: 10/3949d16c8021bfb5f70e3b1c99f097ffaf43158116734197b039b32be6aabecb12178deb62c0b182e45295b0865618636324020059821c5b053029d8bdc90d70
+  checksum: 10/756f13987881fe26adaa0a54354bc5af20cedee4dd228a736d481697dc634adb9e6e54d8f1dcc1d487b2376ab4ba8c576ecbb24beab2fb63aff721d0d5c0f5fe
   languageName: node
   linkType: hard