diff --git a/Cargo.lock b/Cargo.lock
index a8b97ff26f5f..57cbaf6adbcb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -210,9 +210,9 @@ dependencies = [
 
 [[package]]
 name = "async-trait"
-version = "0.1.48"
+version = "0.1.50"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "36ea56748e10732c49404c153638a15ec3d6211ec5ff35d9bb20e13b93576adf"
+checksum = "0b98e84bbb4cbcdd97da190ba0c58a1bb0de2c1fdf67d159e192ed766aeca722"
 dependencies = [
  "proc-macro2 1.0.24",
  "quote 1.0.9",
diff --git a/client/json-rpc/Cargo.toml b/client/json-rpc/Cargo.toml
index 5f417fbbaf78..164dafa81ee3 100644
--- a/client/json-rpc/Cargo.toml
+++ b/client/json-rpc/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 anyhow = "1.0.38"
-async-trait = "0.1.42"
+async-trait = "0.1.50"
 futures = "0.3.12"
 hex = "0.4.3"
 rand = "0.8.3"
diff --git a/consensus/Cargo.toml b/consensus/Cargo.toml
index 039377aed71a..8563a0515f35 100644
--- a/consensus/Cargo.toml
+++ b/consensus/Cargo.toml
@@ -11,7 +11,7 @@ edition = "2018"
 
 [dependencies]
 anyhow = "1.0.38"
-async-trait = "0.1.42"
+async-trait = "0.1.50"
 byteorder = { version = "1.4.2", default-features = false }
 bytes = "1.0.1"
 fail = "0.4.0"
diff --git a/language/move-prover/Cargo.toml b/language/move-prover/Cargo.toml
index 87bf3f156739..afde5992eb6f 100644
--- a/language/move-prover/Cargo.toml
+++ b/language/move-prover/Cargo.toml
@@ -23,7 +23,7 @@ bytecode-source-map = { path = "../compiler/bytecode-source-map" }
 move-ir-types = { path = "../move-ir/types" }
 
 # external dependencies
-async-trait = "0.1.42"
+async-trait = "0.1.50"
 anyhow = "1.0.38"
 clap = "2.33.3"
 codespan = "0.8.0"
diff --git a/language/move-prover/boogie-backend/Cargo.toml b/language/move-prover/boogie-backend/Cargo.toml
index 863a7864245a..4835c099a895 100644
--- a/language/move-prover/boogie-backend/Cargo.toml
+++ b/language/move-prover/boogie-backend/Cargo.toml
@@ -8,7 +8,7 @@ publish = false
 edition = "2018"
 
 [dependencies]
-async-trait = "0.1.42"
+async-trait = "0.1.50"
 bytecode = { path = "../bytecode" }
 move-model = { path = "../../move-model" }
 vm = { path = "../../vm" }
diff --git a/storage/backup/backup-cli/Cargo.toml b/storage/backup/backup-cli/Cargo.toml
index f2a416d6c055..6ca7d0b0dc8f 100644
--- a/storage/backup/backup-cli/Cargo.toml
+++ b/storage/backup/backup-cli/Cargo.toml
@@ -10,7 +10,7 @@ edition = "2018"
 
 [dependencies]
 anyhow = "1.0.38"
-async-trait = "0.1.42"
+async-trait = "0.1.50"
 byteorder = "1.4.2"
 bytes = "1.0.1"
 futures = "0.3.12"
diff --git a/testsuite/cluster-test/Cargo.toml b/testsuite/cluster-test/Cargo.toml
index 2c5034dd3362..02b728f7dddd 100644
--- a/testsuite/cluster-test/Cargo.toml
+++ b/testsuite/cluster-test/Cargo.toml
@@ -63,7 +63,7 @@ transaction-builder = { path = "../../language/transaction-builder" }
 
 futures = "0.3.12"
 tokio = { version = "1.3.0", features = ["full"] }
-async-trait = "0.1.42"
+async-trait = "0.1.50"
 
 kube = "0.51.0"