diff --git a/ci/benchmark/build.sh b/ci/benchmark/build.sh
index 76c2ca6adcd..36d7c3eb9aa 100644
--- a/ci/benchmark/build.sh
+++ b/ci/benchmark/build.sh
@@ -74,7 +74,7 @@ gpuci_conda_retry install -c nvidia -c rapidsai -c rapidsai-nightly -c conda-for
       "cudatoolkit=$CUDA_REL" \
       "dask-cudf=${MINOR_VERSION}" \
       "dask-cuda=${MINOR_VERSION}" \
-      "ucx-py=0.22.*" \
+      "ucx-py=0.23.*" \
       "ucx-proc=*=gpu" \
       "rapids-build-env=${MINOR_VERSION}" \
       rapids-pytest-benchmark
diff --git a/ci/gpu/build.sh b/ci/gpu/build.sh
index 88a8a36a137..0fdcb2db1f5 100755
--- a/ci/gpu/build.sh
+++ b/ci/gpu/build.sh
@@ -62,7 +62,7 @@ gpuci_mamba_retry install -y \
       "cudatoolkit=$CUDA_REL" \
       "dask-cudf=${MINOR_VERSION}" \
       "dask-cuda=${MINOR_VERSION}" \
-      "ucx-py=0.22.*" \
+      "ucx-py=0.23.*" \
       "ucx-proc=*=gpu" \
       "rapids-build-env=$MINOR_VERSION.*" \
       "rapids-notebook-env=$MINOR_VERSION.*" \
diff --git a/conda/environments/cugraph_dev_cuda11.0.yml b/conda/environments/cugraph_dev_cuda11.0.yml
index 57a2928d7e3..11a7dd90b40 100644
--- a/conda/environments/cugraph_dev_cuda11.0.yml
+++ b/conda/environments/cugraph_dev_cuda11.0.yml
@@ -15,7 +15,7 @@ dependencies:
 - dask-cuda=21.12.*
 - dask-cudf=21.12.*
 - nccl>=2.9.9
-- ucx-py=0.22.*
+- ucx-py=0.23.*
 - ucx-proc=*=gpu
 - scipy
 - networkx>=2.5.1
diff --git a/conda/environments/cugraph_dev_cuda11.2.yml b/conda/environments/cugraph_dev_cuda11.2.yml
index b8a5499b579..45bcd5c4fc8 100644
--- a/conda/environments/cugraph_dev_cuda11.2.yml
+++ b/conda/environments/cugraph_dev_cuda11.2.yml
@@ -15,7 +15,7 @@ dependencies:
 - dask-cuda=21.12.*
 - dask-cudf=21.12.*
 - nccl>=2.9.9
-- ucx-py=0.22.*
+- ucx-py=0.23.*
 - ucx-proc=*=gpu
 - scipy
 - networkx>=2.5.1
diff --git a/conda/environments/cugraph_dev_cuda11.4.yml b/conda/environments/cugraph_dev_cuda11.4.yml
index acf95ca1e73..b84eb3ae2c0 100644
--- a/conda/environments/cugraph_dev_cuda11.4.yml
+++ b/conda/environments/cugraph_dev_cuda11.4.yml
@@ -15,7 +15,7 @@ dependencies:
 - dask-cuda=21.12.*
 - dask-cudf=21.12.*
 - nccl>=2.9.9
-- ucx-py=0.22.*
+- ucx-py=0.23.*
 - ucx-proc=*=gpu
 - scipy
 - networkx>=2.5.1
diff --git a/conda/recipes/cugraph/meta.yaml b/conda/recipes/cugraph/meta.yaml
index de6069ece55..f7df64119be 100644
--- a/conda/recipes/cugraph/meta.yaml
+++ b/conda/recipes/cugraph/meta.yaml
@@ -28,7 +28,7 @@ requirements:
     - cython>=0.29,<0.30
     - libcugraph={{ version }}
     - cudf={{ minor_version }}
-    - ucx-py 0.22
+    - ucx-py 0.23
     - ucx-proc=*=gpu
     - cudatoolkit {{ cuda_version }}.*
   run:
@@ -39,7 +39,7 @@ requirements:
     - dask-cuda {{ minor_version }}
     - dask>=2021.09.1
     - distributed>=2021.09.1
-    - ucx-py 0.22
+    - ucx-py 0.23
     - ucx-proc=*=gpu
     - {{ pin_compatible('cudatoolkit', max_pin='x.x') }}
 
diff --git a/conda/recipes/pylibcugraph/meta.yaml b/conda/recipes/pylibcugraph/meta.yaml
index b730fc3d129..3f476ce873a 100644
--- a/conda/recipes/pylibcugraph/meta.yaml
+++ b/conda/recipes/pylibcugraph/meta.yaml
@@ -27,7 +27,7 @@ requirements:
     - python x.x
     - cython>=0.29,<0.30
     - libcugraph={{ version }}
-    - ucx-py 0.22
+    - ucx-py 0.23
     - ucx-proc=*=gpu
     - cudatoolkit {{ cuda_version }}.*
   run: