diff --git a/package-lock.json b/package-lock.json
index 5f9637e..f3030b1 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -10,7 +10,7 @@
       "hasInstallScript": true,
       "license": "MIT",
       "dependencies": {
-        "@algorandfoundation/algokit-utils": "^5.3.2",
+        "@algorandfoundation/algokit-utils": "^5.4.0",
         "algosdk": "^2.7.0",
         "chalk": "^4.1.2",
         "change-case": "^4.1.2",
@@ -65,9 +65,9 @@
       }
     },
     "node_modules/@algorandfoundation/algokit-utils": {
-      "version": "5.3.2",
-      "resolved": "https://registry.npmjs.org/@algorandfoundation/algokit-utils/-/algokit-utils-5.3.2.tgz",
-      "integrity": "sha512-HBaXttZrjgHRgh4vGeD3m5l9G4jkq07A8pFVKBTf5yQqckZ7aSGSIWHGpNw6x5FDZwq3s9i9Pw4LXoen4l8Yug==",
+      "version": "5.4.0",
+      "resolved": "https://registry.npmjs.org/@algorandfoundation/algokit-utils/-/algokit-utils-5.4.0.tgz",
+      "integrity": "sha512-czZ+r/4wXSKGcaFGJRNKc+HtcPVmxSd4eL3XbI2rSqZG5T27oswS0hASKDd0paf5Cq3+YklSXJjbk0VyLF7hqQ==",
       "dependencies": {
         "buffer": "^6.0.3"
       },
diff --git a/package.json b/package.json
index 4dc743c..1b03859 100644
--- a/package.json
+++ b/package.json
@@ -50,7 +50,7 @@
     "semver": "7.5.2"
   },
   "dependencies": {
-    "@algorandfoundation/algokit-utils": "^5.3.2",
+    "@algorandfoundation/algokit-utils": "^5.4.0",
     "algosdk": "^2.7.0",
     "chalk": "^4.1.2",
     "change-case": "^4.1.2",
@@ -149,4 +149,4 @@
       "@semantic-release/github"
     ]
   }
-}
+}
\ No newline at end of file