diff --git a/solidity/package-lock.json b/solidity/package-lock.json
index 82b1fc520..8ecaf4bd8 100644
--- a/solidity/package-lock.json
+++ b/solidity/package-lock.json
@@ -18,7 +18,7 @@
         "@ethersproject/bignumber": "^5.0.8",
         "@nomiclabs/hardhat-ethers": "^2.0.0",
         "@nomiclabs/hardhat-waffle": "^2.0.0",
-        "@openzeppelin/contracts": "4.3.1",
+        "@openzeppelin/contracts": "5.1.0",
         "@typechain/ethers-v5": "^5.0.0",
         "@types/chai": "^4.2.13",
         "@types/command-line-args": "^5.0.0",
@@ -2676,9 +2676,9 @@
       }
     },
     "node_modules/@openzeppelin/contracts": {
-      "version": "4.3.1",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-4.3.1.tgz",
-      "integrity": "sha512-QjgbPPlmDK2clK1hzjw2ROfY8KA5q+PfhDUUxZFEBCZP9fi6d5FuNoh/Uq0oCTMEKPmue69vhX2jcl0N/tFKGw==",
+      "version": "5.1.0",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-5.1.0.tgz",
+      "integrity": "sha512-p1ULhl7BXzjjbha5aqst+QMLY+4/LCWADXOCsmLHRM77AqiPjnd9vvUN9sosUfhL9JGKpZ0TjEGxgvnizmWGSA==",
       "dev": true
     },
     "node_modules/@resolver-engine/core": {
@@ -29163,9 +29163,9 @@
       "requires": {}
     },
     "@openzeppelin/contracts": {
-      "version": "4.3.1",
-      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-4.3.1.tgz",
-      "integrity": "sha512-QjgbPPlmDK2clK1hzjw2ROfY8KA5q+PfhDUUxZFEBCZP9fi6d5FuNoh/Uq0oCTMEKPmue69vhX2jcl0N/tFKGw==",
+      "version": "5.1.0",
+      "resolved": "https://registry.npmjs.org/@openzeppelin/contracts/-/contracts-5.1.0.tgz",
+      "integrity": "sha512-p1ULhl7BXzjjbha5aqst+QMLY+4/LCWADXOCsmLHRM77AqiPjnd9vvUN9sosUfhL9JGKpZ0TjEGxgvnizmWGSA==",
       "dev": true
     },
     "@resolver-engine/core": {
diff --git a/solidity/package.json b/solidity/package.json
index bc6edc042..069f9931e 100644
--- a/solidity/package.json
+++ b/solidity/package.json
@@ -18,7 +18,7 @@
     "@ethersproject/bignumber": "^5.0.8",
     "@nomiclabs/hardhat-ethers": "^2.0.0",
     "@nomiclabs/hardhat-waffle": "^2.0.0",
-    "@openzeppelin/contracts": "4.3.1",
+    "@openzeppelin/contracts": "5.1.0",
     "@typechain/ethers-v5": "^5.0.0",
     "@types/chai": "^4.2.13",
     "@types/command-line-args": "^5.0.0",