diff --git a/Cargo.lock b/Cargo.lock
index 469e090..28a2504 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -562,12 +562,12 @@ dependencies = [
 
 [[package]]
 name = "borsh"
-version = "0.10.3"
+version = "0.10.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4114279215a005bc675e386011e594e1d9b800918cea18fcadadcce864a2046b"
+checksum = "115e54d64eb62cdebad391c19efc9dce4981c690c85a33a12199d99bb9546fee"
 dependencies = [
  "borsh-derive 0.10.3",
- "hashbrown 0.13.2",
+ "hashbrown 0.12.3",
 ]
 
 [[package]]
@@ -2241,7 +2241,7 @@ version = "0.2.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "2ba15de5aeb137f0f65aa3bf82187647f1285abfe5b20c80c2c37f7007ad519a"
 dependencies = [
- "borsh 0.10.3",
+ "borsh 0.10.4",
  "serde",
 ]
 
@@ -4295,7 +4295,7 @@ version = "2.2.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "718333bcd0a1a7aed6655aa66bef8d7fb047944922b2d3a18f49cbc13e73d004"
 dependencies = [
- "borsh 0.10.3",
+ "borsh 0.10.4",
  "borsh 1.5.7",
 ]
 
@@ -4566,7 +4566,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "53aceac36f105fd4922e29b4f0c1f785b69d7b3e7e387e384b8985c8e0c3595e"
 dependencies = [
  "bincode",
- "borsh 0.10.3",
+ "borsh 0.10.4",
  "kaigan",
  "serde",
  "solana-program",
@@ -5384,7 +5384,7 @@ checksum = "586469467e93ceb79048f8d8e3a619bf61d05396ee7de95cb40280301a589d05"
 dependencies = [
  "bincode",
  "blake3",
- "borsh 0.10.3",
+ "borsh 0.10.4",
  "borsh 1.5.7",
  "bs58",
  "bytemuck",
@@ -5627,7 +5627,7 @@ version = "2.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9b62adb9c3261a052ca1f999398c388f1daf558a1b492f60a6d9e64857db4ff1"
 dependencies = [
- "borsh 0.10.3",
+ "borsh 0.10.4",
  "borsh 1.5.7",
  "bytemuck",
  "bytemuck_derive",
@@ -6409,7 +6409,7 @@ version = "1.2.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5269e89fde216b4d7e1d1739cf5303f8398a1ff372a81232abbee80e554a838c"
 dependencies = [
- "borsh 0.10.3",
+ "borsh 0.10.4",
  "borsh 1.5.7",
  "num-traits",
  "serde",
@@ -7205,7 +7205,7 @@ name = "spl-memo-client"
 version = "0.1.0"
 dependencies = [
  "assert_matches",
- "borsh 0.10.3",
+ "borsh 1.5.7",
  "kaigan",
  "num-derive",
  "num-traits",
@@ -7765,9 +7765,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-subscriber"
-version = "0.3.18"
+version = "0.3.19"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ad0f048c97dbd9faa9b7df56362b8ebcaa52adb06b498c050d2f4e32f90a7a8b"
+checksum = "e8189decb5ac0fa7bc8b96b7cb9b2701d60d48805aca84a238004d665fcc4008"
 dependencies = [
  "sharded-slab",
  "thread_local",
diff --git a/clients/rust/Cargo.toml b/clients/rust/Cargo.toml
index 71dc609..a1caf28 100644
--- a/clients/rust/Cargo.toml
+++ b/clients/rust/Cargo.toml
@@ -12,7 +12,7 @@ test-sbf = []
 serde = ["dep:serde", "dep:serde_with", "kaigan/serde"]
 
 [dependencies]
-borsh = "^0.10"
+borsh = "^1.5"
 kaigan = "0.2.6"
 num-derive = "^0.4"
 num-traits = "^0.2"