diff --git a/code/Cargo.lock b/code/Cargo.lock
index 9ffbc75cc45..78e2508d352 100644
--- a/code/Cargo.lock
+++ b/code/Cargo.lock
@@ -1772,7 +1772,7 @@ dependencies = [
  "derive_more",
  "frame-support",
  "frame-system",
- "ibc 0.41.0",
+ "ibc 0.43.1",
  "num-traits",
  "orml-tokens",
  "orml-traits",
@@ -3299,7 +3299,7 @@ dependencies = [
  "cw-xc-interpreter",
  "cw2",
  "cw20",
- "ibc 0.41.0",
+ "ibc 0.43.1",
  "schemars",
  "serde",
  "serde-json-wasm",
@@ -3435,8 +3435,18 @@ version = "0.14.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7b750cb3417fd1b327431a470f388520309479ab0bf5e323505daf0290cd3850"
 dependencies = [
- "darling_core",
- "darling_macro",
+ "darling_core 0.14.4",
+ "darling_macro 0.14.4",
+]
+
+[[package]]
+name = "darling"
+version = "0.20.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0209d94da627ab5605dcccf08bb18afa5009cfbef48d8a8b7d7bdbc79be25c5e"
+dependencies = [
+ "darling_core 0.20.3",
+ "darling_macro 0.20.3",
 ]
 
 [[package]]
@@ -3453,17 +3463,42 @@ dependencies = [
  "syn 1.0.109",
 ]
 
+[[package]]
+name = "darling_core"
+version = "0.20.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "177e3443818124b357d8e76f53be906d60937f0d3a90773a664fa63fa253e621"
+dependencies = [
+ "fnv",
+ "ident_case",
+ "proc-macro2 1.0.66",
+ "quote 1.0.31",
+ "strsim 0.10.0",
+ "syn 2.0.26",
+]
+
 [[package]]
 name = "darling_macro"
 version = "0.14.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a4aab4dbc9f7611d8b55048a3a16d2d010c2c8334e46304b40ac1cc14bf3b48e"
 dependencies = [
- "darling_core",
+ "darling_core 0.14.4",
  "quote 1.0.31",
  "syn 1.0.109",
 ]
 
+[[package]]
+name = "darling_macro"
+version = "0.20.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "836a9bbc7ad63342d6d6e7b815ccab164bc77a2d95d84bc3117a8c0d5c98e2d5"
+dependencies = [
+ "darling_core 0.20.3",
+ "quote 1.0.31",
+ "syn 2.0.26",
+]
+
 [[package]]
 name = "data-encoding"
 version = "2.4.0"
@@ -3576,7 +3611,7 @@ version = "0.11.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1f91d4cfa921f1c05904dc3c57b4a32c38aed3340cce209f3a6fd1478babafc4"
 dependencies = [
- "darling",
+ "darling 0.14.4",
  "proc-macro2 1.0.66",
  "quote 1.0.31",
  "syn 1.0.109",
@@ -5456,7 +5491,7 @@ dependencies = [
  "derive_more",
  "flex-error",
  "hex",
- "ibc-derive",
+ "ibc-derive 0.1.0",
  "ibc-proto 0.18.0",
  "ics23 0.10.0",
  "log 0.4.19",
@@ -5479,16 +5514,15 @@ dependencies = [
 
 [[package]]
 name = "ibc"
-version = "0.41.0"
-source = "git+https://github.com/dzmitry-lahoda-forks/ibc-rs.git?rev=3589353927cef8a52f610d842bd0f5ab8a2e1a1e#3589353927cef8a52f610d842bd0f5ab8a2e1a1e"
+version = "0.43.1"
+source = "git+https://github.com/dzmitry-lahoda-forks/ibc-rs.git?rev=c305fb9a7f3750e6daa0d9aefa84d53d64cd4fee#c305fb9a7f3750e6daa0d9aefa84d53d64cd4fee"
 dependencies = [
  "bytes 1.4.0",
  "derive_more",
  "displaydoc",
- "dyn-clone",
- "erased-serde",
- "ibc-proto 0.30.0",
- "ics23 0.9.0",
+ "ibc-derive 0.2.0",
+ "ibc-proto 0.32.0",
+ "ics23 0.10.1",
  "num-traits",
  "parity-scale-codec",
  "primitive-types",
@@ -5497,13 +5531,13 @@ dependencies = [
  "scale-info",
  "schemars",
  "serde",
+ "serde-json-wasm",
  "serde_derive",
- "serde_json",
  "sha2 0.10.7",
  "subtle-encoding",
- "tendermint 0.31.1",
- "tendermint-light-client-verifier 0.31.1",
- "tendermint-proto 0.31.1",
+ "tendermint 0.32.2",
+ "tendermint-light-client-verifier 0.32.2",
+ "tendermint-proto 0.32.2",
  "time 0.3.20",
  "tracing",
  "uint",
@@ -5521,6 +5555,18 @@ dependencies = [
  "syn 1.0.109",
 ]
 
+[[package]]
+name = "ibc-derive"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2628857829b03dc5d434d116a0ed865e6634bad684368f466bd1a0431f49d0a6"
+dependencies = [
+ "darling 0.20.3",
+ "proc-macro2 1.0.66",
+ "quote 1.0.31",
+ "syn 2.0.26",
+]
+
 [[package]]
 name = "ibc-primitives"
 version = "0.1.0"
@@ -5559,19 +5605,19 @@ dependencies = [
 
 [[package]]
 name = "ibc-proto"
-version = "0.30.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f844ebc1ddf70f2ad7cd5981a2feba261fff55e1ad6482c27551ee3c6cec7df4"
+version = "0.32.0"
+source = "git+https://github.com/cosmos/ibc-proto-rs.git?rev=af385af#af385afa8d7e4c407f5d12242ea1dfc6d273580b"
 dependencies = [
  "base64 0.21.2",
  "bytes 1.4.0",
  "flex-error",
+ "ics23 0.10.1",
  "parity-scale-codec",
  "prost",
  "scale-info",
  "serde",
  "subtle-encoding",
- "tendermint-proto 0.31.1",
+ "tendermint-proto 0.32.2",
 ]
 
 [[package]]
@@ -5582,7 +5628,7 @@ dependencies = [
  "frame-system",
  "hex-literal",
  "ibc 0.15.0",
- "ibc-derive",
+ "ibc-derive 0.1.0",
  "ibc-primitives",
  "ibc-proto 0.18.0",
  "ibc-runtime-api",
@@ -5703,28 +5749,29 @@ dependencies = [
 
 [[package]]
 name = "ics23"
-version = "0.9.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ca44b684ce1859cff746ff46f5765ab72e12e3c06f76a8356db8f9a2ecf43f17"
+version = "0.10.0"
+source = "git+https://github.com/cosmos/ics23?rev=74ce807b7be39a7e0afb4e2efb8e28a57965f57b#74ce807b7be39a7e0afb4e2efb8e28a57965f57b"
 dependencies = [
  "anyhow",
  "bytes 1.4.0",
  "hex",
  "prost",
- "ripemd",
- "sha2 0.10.7",
- "sha3",
 ]
 
 [[package]]
 name = "ics23"
-version = "0.10.0"
-source = "git+https://github.com/cosmos/ics23?rev=74ce807b7be39a7e0afb4e2efb8e28a57965f57b#74ce807b7be39a7e0afb4e2efb8e28a57965f57b"
+version = "0.10.1"
+source = "git+https://github.com/cosmos/ics23.git?rev=27868a6#27868a61368e6bcfd922c87f511677717c677f00"
 dependencies = [
  "anyhow",
  "bytes 1.4.0",
  "hex",
+ "informalsystems-pbjson",
  "prost",
+ "ripemd",
+ "serde",
+ "sha2 0.10.7",
+ "sha3",
 ]
 
 [[package]]
@@ -5886,6 +5933,15 @@ version = "0.2.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "64e9829a50b42bb782c1df523f78d332fe371b10c661e78b7a3c34b0198e9fac"
 
+[[package]]
+name = "informalsystems-pbjson"
+version = "0.6.0"
+source = "git+https://github.com/informalsystems/pbjson?rev=e54f504#e54f504cb04e429bdb3cf14f0a659965235fd077"
+dependencies = [
+ "base64 0.13.1",
+ "serde",
+]
+
 [[package]]
 name = "inout"
 version = "0.1.3"
@@ -9120,7 +9176,7 @@ dependencies = [
  "hex",
  "hex-literal",
  "ibc 0.15.0",
- "ibc-derive",
+ "ibc-derive 0.1.0",
  "ibc-primitives",
  "ibc-proto 0.18.0",
  "ics07-tendermint",
@@ -9352,7 +9408,7 @@ dependencies = [
  "frame-support",
  "frame-system",
  "hex",
- "ibc 0.41.0",
+ "ibc 0.43.1",
  "ibc-primitives",
  "log 0.4.19",
  "orml-xtokens",
@@ -11976,7 +12032,7 @@ dependencies = [
  "composable-traits",
  "cosmwasm-std",
  "frame-support",
- "ibc 0.41.0",
+ "ibc 0.43.1",
  "lazy_static",
  "parity-scale-codec",
  "scale-info",
@@ -16359,7 +16415,7 @@ name = "subxt-codegen"
 version = "0.25.0"
 source = "git+https://github.com/paritytech/subxt?rev=2a913a3aa99a07f7acaedbbaeed6925d34627303#2a913a3aa99a07f7acaedbbaeed6925d34627303"
 dependencies = [
- "darling",
+ "darling 0.14.4",
  "frame-metadata",
  "heck 0.4.1",
  "hex",
@@ -16379,7 +16435,7 @@ name = "subxt-macro"
 version = "0.25.0"
 source = "git+https://github.com/paritytech/subxt?rev=2a913a3aa99a07f7acaedbbaeed6925d34627303#2a913a3aa99a07f7acaedbbaeed6925d34627303"
 dependencies = [
- "darling",
+ "darling 0.14.4",
  "proc-macro-error",
  "subxt-codegen",
  "syn 1.0.109",
@@ -16589,9 +16645,9 @@ dependencies = [
 
 [[package]]
 name = "tendermint"
-version = "0.31.1"
+version = "0.32.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a1b58bdb6c44a2621b8b6bd0585d5912ba32546317604130a42410bcc813ef16"
+checksum = "3f0a7d05cf78524782337f8edd55cbc578d159a16ad4affe2135c92f7dbac7f0"
 dependencies = [
  "bytes 1.4.0",
  "digest 0.10.7",
@@ -16611,7 +16667,7 @@ dependencies = [
  "signature 2.0.0",
  "subtle",
  "subtle-encoding",
- "tendermint-proto 0.31.1",
+ "tendermint-proto 0.32.2",
  "time 0.3.20",
  "zeroize",
 ]
@@ -16630,14 +16686,14 @@ dependencies = [
 
 [[package]]
 name = "tendermint-light-client-verifier"
-version = "0.31.1"
+version = "0.32.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2d2b81d34aad90a344b0faebb733adbfcd0e1625a070ba5ad6d0dda44a558746"
+checksum = "9875dce5c1b08201152eb0860f8fb1dce96c53e37532c310ffc4956d20f90def"
 dependencies = [
  "derive_more",
  "flex-error",
  "serde",
- "tendermint 0.31.1",
+ "tendermint 0.32.2",
  "time 0.3.20",
 ]
 
@@ -16660,9 +16716,9 @@ dependencies = [
 
 [[package]]
 name = "tendermint-proto"
-version = "0.31.1"
+version = "0.32.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a1f15666993e193fa4d2b2479aa1e4f1bbe41283c820812df8dd618f41ca3f7a"
+checksum = "c0cec054567d16d85e8c3f6a3139963d1a66d9d3051ed545d31562550e9bcc3d"
 dependencies = [
  "bytes 1.4.0",
  "flex-error",
@@ -19085,7 +19141,7 @@ dependencies = [
  "cw-storage-plus",
  "fixed",
  "hex",
- "ibc 0.41.0",
+ "ibc 0.43.1",
  "num",
  "parity-scale-codec",
  "prost",
diff --git a/code/Cargo.toml b/code/Cargo.toml
index 95af38b32f8..8690568bc48 100644
--- a/code/Cargo.toml
+++ b/code/Cargo.toml
@@ -132,7 +132,7 @@ pallet-xcm = { git = "https://github.com/paritytech/polkadot", rev = "c22e1c4173
 
 log = { version = "0.4.14", default-features = false }
 
-ibc-rs-scale = { package = "ibc", git = "https://github.com/dzmitry-lahoda-forks/ibc-rs.git", rev = "3589353927cef8a52f610d842bd0f5ab8a2e1a1e", default-features = false }
+ibc-rs-scale = { package = "ibc", git = "https://github.com/dzmitry-lahoda-forks/ibc-rs.git", rev = "c305fb9a7f3750e6daa0d9aefa84d53d64cd4fee", default-features = false }
 democracy = { package = "pallet-democracy", git = "https://github.com/ComposableFi/substrate", rev = "c74d73bfe1e4f725b3f7d81c997ba9c940bf6005", default-features = false }
 executive = { package = "frame-executive", git = "https://github.com/ComposableFi/substrate", rev = "c74d73bfe1e4f725b3f7d81c997ba9c940bf6005", default-features = false }
 indices = { package = "pallet-indices", git = "https://github.com/ComposableFi/substrate", rev = "c74d73bfe1e4f725b3f7d81c997ba9c940bf6005", default-features = false }