diff --git a/package-lock.json b/package-lock.json
index 58831d627..a51d87e77 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -15,7 +15,7 @@
         "elliptic": "^6.5.6"
       },
       "devDependencies": {
-        "@hashgraph/hedera-local": "^2.29.0",
+        "@hashgraph/hedera-local": "^2.29.1",
         "@hashgraph/sdk": "^2.47.0",
         "@nomicfoundation/hardhat-chai-matchers": "^2.0.7",
         "@nomicfoundation/hardhat-foundry": "^1.1.2",
@@ -606,9 +606,9 @@
       }
     },
     "node_modules/@hashgraph/hedera-local": {
-      "version": "2.29.0",
-      "resolved": "https://registry.npmjs.org/@hashgraph/hedera-local/-/hedera-local-2.29.0.tgz",
-      "integrity": "sha512-sZPysvAHh0ubLFcVQHQsLo66VFp2h0ZbSP0rtF7WdV+ky9aPkHqE1cTJ+Sl8MtvG+rmusUBA5lZ94WAewru3Sw==",
+      "version": "2.29.1",
+      "resolved": "https://registry.npmjs.org/@hashgraph/hedera-local/-/hedera-local-2.29.1.tgz",
+      "integrity": "sha512-O0q9w2zqek/2AlJ+3z4jbPnhToMouAjA2wrbY0v5IxV65lQ/BCzS3KLqSMjBNgxNN11nzTgHsA0JX9fKHLaRHQ==",
       "dev": true,
       "dependencies": {
         "@hashgraph/sdk": "^2.49.2",
@@ -7850,9 +7850,9 @@
       }
     },
     "@hashgraph/hedera-local": {
-      "version": "2.29.0",
-      "resolved": "https://registry.npmjs.org/@hashgraph/hedera-local/-/hedera-local-2.29.0.tgz",
-      "integrity": "sha512-sZPysvAHh0ubLFcVQHQsLo66VFp2h0ZbSP0rtF7WdV+ky9aPkHqE1cTJ+Sl8MtvG+rmusUBA5lZ94WAewru3Sw==",
+      "version": "2.29.1",
+      "resolved": "https://registry.npmjs.org/@hashgraph/hedera-local/-/hedera-local-2.29.1.tgz",
+      "integrity": "sha512-O0q9w2zqek/2AlJ+3z4jbPnhToMouAjA2wrbY0v5IxV65lQ/BCzS3KLqSMjBNgxNN11nzTgHsA0JX9fKHLaRHQ==",
       "dev": true,
       "requires": {
         "@hashgraph/sdk": "^2.49.2",
diff --git a/package.json b/package.json
index 3beb8abd5..41b338aae 100644
--- a/package.json
+++ b/package.json
@@ -33,7 +33,7 @@
     "freeze-network-node": "hardhat run scripts/freeze-network-node.js"
   },
   "devDependencies": {
-    "@hashgraph/hedera-local": "^2.29.0",
+    "@hashgraph/hedera-local": "^2.29.1",
     "@hashgraph/sdk": "^2.47.0",
     "@nomicfoundation/hardhat-chai-matchers": "^2.0.7",
     "@nomicfoundation/hardhat-foundry": "^1.1.2",