diff --git a/.github/workflows/linter.yml b/.github/workflows/linter.yml
index 78189bee..747c2301 100644
--- a/.github/workflows/linter.yml
+++ b/.github/workflows/linter.yml
@@ -353,7 +353,7 @@ jobs:
           sed -i "s/root/Concordium <developers@concordium.com>/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           sed -i "s/{version = \"10.0\", default-features = false}/{path = \"..\/..\/concordium-std\", default-features = false}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           sed -i "s/{version = \"6.1\", default-features = false}/{path = \"..\/..\/concordium-cis2\", default-features = false}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
-          sed -i "s/concordium-smart-contract-testing = \"4.0\"/concordium-smart-contract-testing = {path = \"..\/..\/contract-testing\"}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
+          sed -i "s/concordium-smart-contract-testing = \"4.2\"/concordium-smart-contract-testing = {path = \"..\/..\/contract-testing\"}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           sed -i "s/concordium-std-derive = \"6.0\"/concordium-std-derive = {path = \"..\/..\/concordium-std-derive\"}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           diff ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml examples/cis2-nft/Cargo.toml
           diff ${{ runner.temp }}/$PROJECT_NAME/src/lib.rs examples/cis2-nft/src/lib.rs
@@ -402,7 +402,7 @@ jobs:
           sed -i "s/root/Concordium <developers@concordium.com>/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           sed -i "s/version = \"10.0\", default-features = false/path = \"..\/..\/concordium-std\", version = \"10.0\", default-features = false/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           sed -i "s/version = \"6.1\", default-features = false/path = \"..\/..\/concordium-cis2\", version = \"6.1\", default-features = false/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
-          sed -i "s/concordium-smart-contract-testing = \"4.0\"/concordium-smart-contract-testing = {path = \"..\/..\/contract-testing\"}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
+          sed -i "s/concordium-smart-contract-testing = \"4.2\"/concordium-smart-contract-testing = {path = \"..\/..\/contract-testing\"}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           sed -i "s/concordium-std-derive = \"6.0\"/concordium-std-derive = {path = \"..\/..\/concordium-std-derive\"}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           diff ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml examples/credential-registry/Cargo.toml
           diff ${{ runner.temp }}/$PROJECT_NAME/src/lib.rs examples/credential-registry/src/lib.rs
diff --git a/concordium-rust-sdk b/concordium-rust-sdk
index 62f2a44f..5e4b93c0 160000
--- a/concordium-rust-sdk
+++ b/concordium-rust-sdk
@@ -1 +1 @@
-Subproject commit 62f2a44f14685c29957119ec4f6a5736d9f54ffd
+Subproject commit 5e4b93c0a0ae7aef16d3bb6c0e62c30424d900bc
diff --git a/contract-testing/CHANGELOG.md b/contract-testing/CHANGELOG.md
index 45b7686a..f3a719fa 100644
--- a/contract-testing/CHANGELOG.md
+++ b/contract-testing/CHANGELOG.md
@@ -2,9 +2,11 @@
 
 ## Unreleased changes
 
+## 4.2.0
+
 - Add support for querying the module reference and contract name of an instance.
   This functionality is only available on-chain from protocol version 7.
-- Bump minimum supported Rust version (MSRV) to `1.72`.
+- Bump minimum supported Rust version (MSRV) to `1.73`.
 
 ## 4.1.0
 
diff --git a/templates/cis2-nft/Cargo.toml b/templates/cis2-nft/Cargo.toml
index cc5f1808..7697e7a4 100644
--- a/templates/cis2-nft/Cargo.toml
+++ b/templates/cis2-nft/Cargo.toml
@@ -16,7 +16,7 @@ concordium-std = {version = "10.0", default-features = false}
 concordium-cis2 = {version = "6.1", default-features = false}
 
 [dev-dependencies]
-concordium-smart-contract-testing = "4.0"
+concordium-smart-contract-testing = "4.2"
 concordium-std-derive = "6.0"
 
 [lib]
diff --git a/templates/credential-registry/Cargo.toml b/templates/credential-registry/Cargo.toml
index 1155f1fc..5d5522a1 100644
--- a/templates/credential-registry/Cargo.toml
+++ b/templates/credential-registry/Cargo.toml
@@ -20,7 +20,7 @@ concordium-cis2 = {version = "6.1", default-features = false}
 quickcheck = {version = "1"}
 
 [dev-dependencies]
-concordium-smart-contract-testing = "4.0"
+concordium-smart-contract-testing = "4.2"
 concordium-std-derive = "6.0"
 
 [lib]
diff --git a/templates/default/Cargo.toml b/templates/default/Cargo.toml
index e2450aab..3ab7f95c 100644
--- a/templates/default/Cargo.toml
+++ b/templates/default/Cargo.toml
@@ -17,7 +17,7 @@ bump_alloc = ["concordium-std/bump_alloc"]
 concordium-std = {version = "10.0", default-features = false}
 
 [dev-dependencies]
-concordium-smart-contract-testing = "4.0"
+concordium-smart-contract-testing = "4.2"
 
 [lib]
 crate-type=["cdylib", "rlib"]