diff --git a/Cargo.lock b/Cargo.lock
index ccbfc90320..7190fc7862 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4209,9 +4209,9 @@ dependencies = [
 
 [[package]]
 name = "scale-value"
-version = "0.16.2"
+version = "0.16.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ba4d772cfb7569e03868400344a1695d16560bf62b86b918604773607d39ec84"
+checksum = "8cd6ab090d823e75cfdb258aad5fe92e13f2af7d04b43a55d607d25fcc38c811"
 dependencies = [
  "base58",
  "blake2",
diff --git a/Cargo.toml b/Cargo.toml
index 6b7a289819..d08bdd7f8a 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -94,7 +94,7 @@ proc-macro2 = "1.0.86"
 quote = "1.0.37"
 regex = { version = "1.10.6", default-features = false }
 scale-info = { version = "2.11.3", default-features = false }
-scale-value = { version = "0.16.2", default-features = false }
+scale-value = { version = "0.16.3", default-features = false }
 scale-bits = { version = "0.6.0", default-features = false }
 scale-decode = { version = "0.13.1", default-features = false }
 scale-encode = { version = "0.7.1", default-features = false }