diff --git a/package-lock.json b/package-lock.json
index b1a72e7..46e2e2b 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -9,7 +9,7 @@
       "version": "0.1.0",
       "license": "ISC",
       "dependencies": {
-        "@lightprotocol/compressed-token": "0.22.0",
+        "@lightprotocol/compressed-token": "0.23.0",
         "@lightprotocol/stateless.js": "0.22.0",
         "@solana/spl-token": "0.3.9",
         "@solana/spl-token-metadata": "^0.1.6",
@@ -84,17 +84,19 @@
       }
     },
     "node_modules/@lightprotocol/compressed-token": {
-      "version": "0.22.0",
-      "resolved": "https://registry.npmjs.org/@lightprotocol/compressed-token/-/compressed-token-0.22.0.tgz",
-      "integrity": "sha512-1EggdD0xXAhVTeKL+z8EjxD41rJZFc4JEwx/wTHZYC2FM0UnxPG2woMUVvd0qGT4zuAElIQ+7vQqvTvcGXIFSQ==",
+      "version": "0.23.0",
+      "resolved": "https://registry.npmjs.org/@lightprotocol/compressed-token/-/compressed-token-0.23.0.tgz",
+      "integrity": "sha512-A/NWqsFN89NrPRIaiwgntfsVowUenuHuH6zcpTp0qYhmlkSxMV+iUFlz28ChpBX6UlZnY0AZbI2pxx1rTyqozg==",
       "license": "Apache-2.0",
       "dependencies": {
-        "@coral-xyz/borsh": "^0.29.0",
+        "@solana/buffer-layout": "^4.0.1",
+        "@solana/buffer-layout-utils": "^0.2.0",
         "bn.js": "^5.2.1",
         "buffer": "6.0.3"
       },
       "peerDependencies": {
-        "@lightprotocol/stateless.js": "0.22.0",
+        "@coral-xyz/borsh": "^0.29.0",
+        "@lightprotocol/stateless.js": "0.23.0",
         "@solana/spl-token": ">=0.3.9",
         "@solana/web3.js": ">=1.73.5"
       }
diff --git a/package.json b/package.json
index 0df936c..940058d 100644
--- a/package.json
+++ b/package.json
@@ -22,7 +22,7 @@
   },
   "homepage": "https://github.com/Lightprotocol/example-token-distribution#readme",
   "dependencies": {
-    "@lightprotocol/compressed-token": "0.22.0",
+    "@lightprotocol/compressed-token": "0.23.0",
     "@lightprotocol/stateless.js": "0.22.0",
     "@solana/spl-token": "0.3.9",
     "@solana/spl-token-metadata": "^0.1.6",