diff --git a/flowkit/go.mod b/flowkit/go.mod
index f50eb5793..5d158f3b7 100644
--- a/flowkit/go.mod
+++ b/flowkit/go.mod
@@ -7,9 +7,9 @@ require (
 	github.com/gosuri/uilive v0.0.4
 	github.com/invopop/jsonschema v0.7.0
 	github.com/lmars/go-slip10 v0.0.0-20190606092855-400ba44fee12
-	github.com/onflow/cadence v0.39.13-stable-cadence.0.20230815215130-fc15617946a1
-	github.com/onflow/flow-emulator v0.54.1-0.20230823195422-f93d2baa2e50
-	github.com/onflow/flow-go v0.31.1-0.20230823193859-43245c9c2602
+	github.com/onflow/cadence v0.40.1-0.20230825193141-901e7b0a7aa6
+	github.com/onflow/flow-emulator v0.54.1-0.20230824191334-33ca4ff2621a
+	github.com/onflow/flow-go v0.31.1-0.20230825164918-09c1887078ac
 	github.com/onflow/flow-go-sdk v0.41.10-0.20230815215544-c3e9ce914aee
 	github.com/onflow/flow-go/crypto v0.24.9
 	github.com/pkg/errors v0.9.1
diff --git a/flowkit/go.sum b/flowkit/go.sum
index 70c5ef183..8b51d566f 100644
--- a/flowkit/go.sum
+++ b/flowkit/go.sum
@@ -1101,18 +1101,18 @@ github.com/onflow/atree v0.5.0/go.mod h1:gBHU0M05qCbv9NN0kijLWMgC47gHVNBIp4KmsVF
 github.com/onflow/atree v0.6.0 h1:j7nQ2r8npznx4NX39zPpBYHmdy45f4xwoi+dm37Jk7c=
 github.com/onflow/atree v0.6.0/go.mod h1:gBHU0M05qCbv9NN0kijLWMgC47gHVNBIp4KmsVFi0tc=
 github.com/onflow/cadence v0.39.13-stable-cadence/go.mod h1:SxT8/IEkS1drFj2ofUEK9S6KyJ5GQbrm0LX4EFCp/7Q=
-github.com/onflow/cadence v0.39.13-stable-cadence.0.20230815215130-fc15617946a1 h1:ELu6aFiphx4QAQE64EbYidJjc5DQSF087QfJZfamnXY=
-github.com/onflow/cadence v0.39.13-stable-cadence.0.20230815215130-fc15617946a1/go.mod h1:SxT8/IEkS1drFj2ofUEK9S6KyJ5GQbrm0LX4EFCp/7Q=
+github.com/onflow/cadence v0.40.1-0.20230825193141-901e7b0a7aa6 h1:UVJmShXN7XFYk/h3nI8tyycrryM6FF/JH0GW7w6ZHyc=
+github.com/onflow/cadence v0.40.1-0.20230825193141-901e7b0a7aa6/go.mod h1:9t99vCrpG/Ic9y5mMfM927FlvT50LOlIbNpTfub5n+U=
 github.com/onflow/flow-core-contracts/lib/go/contracts v1.2.4-0.20230822191436-8a95802475f4 h1:MyiN3RknOanPPiDpBIdJ43ZrQNppgQUZgy5njPDdF7w=
 github.com/onflow/flow-core-contracts/lib/go/contracts v1.2.4-0.20230822191436-8a95802475f4/go.mod h1:IRraF/nm1xiefjSIkQ6w6ZNzZbUGfB14bzMUNXjrMmo=
 github.com/onflow/flow-core-contracts/lib/go/templates v1.2.4-0.20230808220007-f00e74ca675b h1:f+5TwXPwlvtaDwn0ZlMIxibuPwbvmtlnSkeZgAm38Yw=
 github.com/onflow/flow-core-contracts/lib/go/templates v1.2.4-0.20230808220007-f00e74ca675b/go.mod h1:a9vPOJl7SwR0L6MMzPGEshp5HEsPQfay/pze+jrNlrw=
-github.com/onflow/flow-emulator v0.54.1-0.20230823195422-f93d2baa2e50 h1:wuItnV4zMbVd14QoIY0Y/aBIuv8R1HMKjmduAnZ001U=
-github.com/onflow/flow-emulator v0.54.1-0.20230823195422-f93d2baa2e50/go.mod h1:lUNk9x74fvooGPEkzqWG6sIQEbQSbm5nn6fjlZ+T3ZM=
+github.com/onflow/flow-emulator v0.54.1-0.20230824191334-33ca4ff2621a h1:hhhFOz2YO2p/6whANnv7SSnYn4vlXS1bClfD/OG55p0=
+github.com/onflow/flow-emulator v0.54.1-0.20230824191334-33ca4ff2621a/go.mod h1:aiHlhz2EZVjDUWjFVV8aTSA5u53T380Tr60kazfgrR8=
 github.com/onflow/flow-ft/lib/go/contracts v0.7.1-0.20230818200853-ab1b03e98a95 h1:mtQIjtnUQ2axR74YRMSG4rYo5PzWIbToGCdbu0oZjGs=
 github.com/onflow/flow-ft/lib/go/contracts v0.7.1-0.20230818200853-ab1b03e98a95/go.mod h1:kTMFIySzEJJeupk+7EmXs0EJ6CBWY/MV9fv9iYQk+RU=
-github.com/onflow/flow-go v0.31.1-0.20230823193859-43245c9c2602 h1:7ewOtP3ynBlWW2cvomRD4Ierkb9Qk3awkmdnnAAYtM0=
-github.com/onflow/flow-go v0.31.1-0.20230823193859-43245c9c2602/go.mod h1:BC9pUgGOoprxzKmhZ7Bn7eXANb4X4BEY7eFhdYqvzLo=
+github.com/onflow/flow-go v0.31.1-0.20230825164918-09c1887078ac h1:WLd0/rl5w4toaBnpzvrugUONeuEY7Qnzvp+hrgm5IJg=
+github.com/onflow/flow-go v0.31.1-0.20230825164918-09c1887078ac/go.mod h1:ipprHiXpX2s9eTCgHS3hqmqxaIqz1wKGbJ3aOgmVkAQ=
 github.com/onflow/flow-go-sdk v0.41.7-stable-cadence/go.mod h1:ejVN+bqcsTHVvRpDDJDoBNdmcxUfFMW4IvdTbMeQ/hQ=
 github.com/onflow/flow-go-sdk v0.41.10-0.20230815215544-c3e9ce914aee h1:zU78xj/94YNYtf4CLGWogCTPyrR+1h3QTalsU/ZEKDg=
 github.com/onflow/flow-go-sdk v0.41.10-0.20230815215544-c3e9ce914aee/go.mod h1:JdN8uOpLMFaMTCFSoeck78fYPupTsV7ccvyrDM88nQU=