diff --git a/Cargo.lock b/Cargo.lock
index 5146c6c..80b987f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3504,9 +3504,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with"
-version = "3.11.0"
+version = "3.12.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8e28bdad6db2b8340e449f7108f020b3b092e8583a9e3fb82713e1d4e71fe817"
+checksum = "d6b6f7f2fcb69f747921f79f3926bd1e203fce4fef62c268dd3abfb6d86029aa"
 dependencies = [
  "base64 0.22.1",
  "chrono",
@@ -3522,9 +3522,9 @@ dependencies = [
 
 [[package]]
 name = "serde_with_macros"
-version = "3.11.0"
+version = "3.12.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9d846214a9854ef724f3da161b426242d8de7c1fc7de2f89bb1efcb154dca79d"
+checksum = "8d00caa5193a3c8362ac2b73be6b9e768aa5a4b2f721d8f4b339600c3cb51f8e"
 dependencies = [
  "darling",
  "proc-macro2",
diff --git a/clients/rust/Cargo.toml b/clients/rust/Cargo.toml
index e3c4260..fbf9890 100644
--- a/clients/rust/Cargo.toml
+++ b/clients/rust/Cargo.toml
@@ -17,7 +17,7 @@ kaigan = "0.2.5"
 num-derive = "^0.4"
 num-traits = "^0.2"
 serde = { version = "^1.0", features = ["derive"], optional = true }
-serde_with = { version = "^3.11", optional = true }
+serde_with = { version = "^3.12", optional = true }
 solana-program = "2.1.0"
 thiserror = "^2.0"