diff --git a/contracts/Cargo.toml b/contracts/Cargo.toml
index 870f111..20e829a 100644
--- a/contracts/Cargo.toml
+++ b/contracts/Cargo.toml
@@ -19,7 +19,7 @@ resolver = "2"
 
 [workspace.dependencies]
 soroban-sdk = { version = "20.4.0", default-features = false }
-soroban-token-sdk = { version = "20.4.0", default-features = false }
+soroban-token-sdk = { version = "27.0.0", default-features = false }
 
 # ethnum 1.5.0 (pulled in transitively via soroban-env-common, pinned there
 # with an exact `=1.5.0` requirement) fails to compile on current stable