diff --git a/Cargo.toml b/Cargo.toml
index fc9a7c5ad..01da5a88c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -116,7 +116,7 @@ tendermint-testgen               = { version = "0.35.0", default-features = fals
 ### Note: Kept at the following version to match the CosmWasm module version
 ### used by chains supporting the wasm-enabled version of ibc-go v7.3
 ### (This is the min version of `ibc-go` that supports `08-wasm` light clients)
-cosmwasm-schema    = { version = "1.5.4" }
+cosmwasm-schema    = { version = "2.0.2" }
 cosmwasm-std       = { version = "1.5.4" }
 cosmwasm-vm        = { version = "1.5.4" }
 cw-storage-plus    = { version = "1.2.0" }