diff --git a/Cargo.lock b/Cargo.lock
index b8f44882f80..ee80e02671e 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -12257,9 +12257,9 @@ checksum = "cda74da7e1a664f795bb1f8a87ec406fb89a02522cf6e50620d016add6dbbf5c"
 
 [[package]]
 name = "tokio"
-version = "1.22.0"
+version = "1.23.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d76ce4a75fb488c605c54bf610f221cea8b0dafb53333c1a67e8ee199dcd2ae3"
+checksum = "eab6d665857cc6ca78d6e80303a02cea7a7851e85dfbd77cbdc09bd129f1ef46"
 dependencies = [
  "autocfg",
  "bytes",
@@ -12272,7 +12272,7 @@ dependencies = [
  "signal-hook-registry",
  "socket2",
  "tokio-macros",
- "winapi",
+ "windows-sys 0.42.0",
 ]
 
 [[package]]
diff --git a/client/network/Cargo.toml b/client/network/Cargo.toml
index 1cb223332f7..8a81b80abb8 100644
--- a/client/network/Cargo.toml
+++ b/client/network/Cargo.toml
@@ -31,7 +31,7 @@ cumulus-relay-chain-interface = { path = "../relay-chain-interface" }
 
 [dev-dependencies]
 portpicker = "0.1.1"
-tokio = { version = "1.22.0", features = ["macros"] }
+tokio = { version = "1.23.0", features = ["macros"] }
 url = "2.3.1"
 
 # Substrate
diff --git a/client/pov-recovery/Cargo.toml b/client/pov-recovery/Cargo.toml
index bb15c499c6d..ed842b05e80 100644
--- a/client/pov-recovery/Cargo.toml
+++ b/client/pov-recovery/Cargo.toml
@@ -30,7 +30,7 @@ cumulus-primitives-core = { path = "../../primitives/core" }
 cumulus-relay-chain-interface = {path = "../relay-chain-interface"}
 
 [dev-dependencies]
-tokio = { version = "1.22.0", features = ["macros"] }
+tokio = { version = "1.23.0", features = ["macros"] }
 portpicker = "0.1.1"
 
 # Cumulus
diff --git a/client/relay-chain-minimal-node/Cargo.toml b/client/relay-chain-minimal-node/Cargo.toml
index a6feee58d75..939616b5372 100644
--- a/client/relay-chain-minimal-node/Cargo.toml
+++ b/client/relay-chain-minimal-node/Cargo.toml
@@ -43,4 +43,4 @@ tracing = "0.1.37"
 async-trait = "0.1.59"
 futures = "0.3.25"
 url = "2.2.2"
-tokio = { version = "1.22.0", features = ["macros"] }
+tokio = { version = "1.23.0", features = ["macros"] }
diff --git a/client/relay-chain-rpc-interface/Cargo.toml b/client/relay-chain-rpc-interface/Cargo.toml
index 0633a0105ec..4072c23b245 100644
--- a/client/relay-chain-rpc-interface/Cargo.toml
+++ b/client/relay-chain-rpc-interface/Cargo.toml
@@ -20,7 +20,7 @@ sp-state-machine = { git = "https://github.com/paritytech/substrate", branch = "
 sc-client-api = { git = "https://github.com/paritytech/substrate", branch = "master" }
 sp-storage = { git = "https://github.com/paritytech/substrate", branch = "master" }
 sc-rpc-api = { git = "https://github.com/paritytech/substrate", branch = "master" }
-tokio = { version = "1.22.0", features = ["sync"] }
+tokio = { version = "1.23.0", features = ["sync"] }
 
 futures = "0.3.25"
 futures-timer = "3.0.2"
diff --git a/polkadot-parachain/Cargo.toml b/polkadot-parachain/Cargo.toml
index 2797f0b0a58..f9b7943b4d8 100644
--- a/polkadot-parachain/Cargo.toml
+++ b/polkadot-parachain/Cargo.toml
@@ -99,7 +99,7 @@ substrate-build-script-utils = { git = "https://github.com/paritytech/substrate"
 assert_cmd = "2.0"
 nix = "0.25"
 tempfile = "3.3.0"
-tokio = { version = "1.22.0", features = ["macros", "time", "parking_lot"] }
+tokio = { version = "1.23.0", features = ["macros", "time", "parking_lot"] }
 wait-timeout = "0.2"
 # purge_chain_works works with rococo-local and needs to allow this
 polkadot-cli = { git = "https://github.com/paritytech/polkadot", branch = "master", features = ["rococo-native"] }
diff --git a/test/service/Cargo.toml b/test/service/Cargo.toml
index f3a0f215d9c..41b92cc1eb4 100644
--- a/test/service/Cargo.toml
+++ b/test/service/Cargo.toml
@@ -16,7 +16,7 @@ criterion = { version = "0.4.0", features = [ "async_tokio" ] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 rand = "0.8.5"
 serde = { version = "1.0.149", features = ["derive"] }
-tokio = { version = "1.22.0", features = ["macros"] }
+tokio = { version = "1.23.0", features = ["macros"] }
 tracing = "0.1.37"
 url = "2.3.1"