diff --git a/crates/wadm-types/src/bindings.rs b/crates/wadm-types/src/bindings.rs
index 36be6fe9..854d8f5d 100644
--- a/crates/wadm-types/src/bindings.rs
+++ b/crates/wadm-types/src/bindings.rs
@@ -5,9 +5,10 @@ use crate::{
     },
     CapabilityProperties, Component, ComponentProperties, ConfigDefinition, ConfigProperty,
     LinkProperty, Manifest, Metadata, Policy, Properties, SecretProperty, SecretSourceProperty,
-    Specification, Spread, SpreadScalerProperty, TargetConfig, Trait, TraitProperty,
+    SharedApplicationComponentProperties, Specification, Spread, SpreadScalerProperty,
+    TargetConfig, Trait, TraitProperty,
 };
-use wasmcloud::wadm;
+use wasmcloud::wadm::{self};
 
 wit_bindgen_wrpc::generate!({
     generate_unused_types: true,
@@ -87,6 +88,7 @@ impl From<Properties> for wadm::types::Properties {
 impl From<ComponentProperties> for wadm::types::ComponentProperties {
     fn from(properties: ComponentProperties) -> Self {
         wadm::types::ComponentProperties {
+            application: properties.application.map(Into::into),
             image: properties.image,
             id: properties.id,
             config: properties.config.into_iter().map(|c| c.into()).collect(),
@@ -98,6 +100,7 @@ impl From<ComponentProperties> for wadm::types::ComponentProperties {
 impl From<CapabilityProperties> for wadm::types::CapabilityProperties {
     fn from(properties: CapabilityProperties) -> Self {
         wadm::types::CapabilityProperties {
+            application: properties.application.map(Into::into),
             image: properties.image,
             id: properties.id,
             config: properties.config.into_iter().map(|c| c.into()).collect(),
@@ -135,6 +138,17 @@ impl From<SecretSourceProperty> for wadm::types::SecretSourceProperty {
     }
 }
 
+impl From<SharedApplicationComponentProperties>
+    for wadm::types::SharedApplicationComponentProperties
+{
+    fn from(properties: SharedApplicationComponentProperties) -> Self {
+        wadm::types::SharedApplicationComponentProperties {
+            name: properties.name,
+            component: properties.component,
+        }
+    }
+}
+
 impl From<Trait> for wadm::types::Trait {
     fn from(trait_: Trait) -> Self {
         wadm::types::Trait {
@@ -391,6 +405,7 @@ impl From<wadm::types::ComponentProperties> for ComponentProperties {
     fn from(properties: wadm::types::ComponentProperties) -> Self {
         ComponentProperties {
             image: properties.image,
+            application: properties.application.map(Into::into),
             id: properties.id,
             config: properties.config.into_iter().map(|c| c.into()).collect(),
             secrets: properties.secrets.into_iter().map(|c| c.into()).collect(),
@@ -402,6 +417,7 @@ impl From<wadm::types::CapabilityProperties> for CapabilityProperties {
     fn from(properties: wadm::types::CapabilityProperties) -> Self {
         CapabilityProperties {
             image: properties.image,
+            application: properties.application.map(Into::into),
             id: properties.id,
             config: properties.config.into_iter().map(|c| c.into()).collect(),
             secrets: properties.secrets.into_iter().map(|c| c.into()).collect(),
@@ -438,6 +454,17 @@ impl From<wadm::types::SecretSourceProperty> for SecretSourceProperty {
     }
 }
 
+impl From<wadm::types::SharedApplicationComponentProperties>
+    for SharedApplicationComponentProperties
+{
+    fn from(properties: wadm::types::SharedApplicationComponentProperties) -> Self {
+        SharedApplicationComponentProperties {
+            name: properties.name,
+            component: properties.component,
+        }
+    }
+}
+
 impl From<wadm::types::Trait> for Trait {
     fn from(trait_: wadm::types::Trait) -> Self {
         Trait {
diff --git a/crates/wadm-types/wit/deps.lock b/crates/wadm-types/wit/deps.lock
index 8e0144a8..eaaa308a 100644
--- a/crates/wadm-types/wit/deps.lock
+++ b/crates/wadm-types/wit/deps.lock
@@ -1,4 +1,4 @@
 [wadm]
 path = "../../../wit/wadm"
-sha256 = "30b945b53e5dc1220f25da83449571e119cfd4029647a1908e5658d72335424e"
-sha512 = "bbd7e5883dc4014ea246a33cf9386b11803cb330854e5691af526971c7131ad358eec9ad8f6dbf0ccd20efe0fedb43a3304f8e9538832d73cce7db09f82f1176"
+sha256 = "be9dcb406ac45d69c18c70d962572b9def1f59787246caf27b54f255a817ace7"
+sha512 = "c3a3dc09613acff547165627174323096e50abd31998a3514917cc7b2596d86ae04bf4950cbbfac932fc82b2039f435f278fe25eb6f9d23ab7678662e8d528f1"
diff --git a/crates/wadm-types/wit/deps/wadm/types.wit b/crates/wadm-types/wit/deps/wadm/types.wit
index dd93bd54..f161c658 100644
--- a/crates/wadm-types/wit/deps/wadm/types.wit
+++ b/crates/wadm-types/wit/deps/wadm/types.wit
@@ -117,7 +117,8 @@ interface types {
 
     // Properties for a component
     record component-properties {
-        image: string,
+        image: option<string>,
+        application: option<shared-application-component-properties>,
         id: option<string>,
         config: list<config-property>,
         secrets: list<secret-property>,
@@ -125,7 +126,8 @@ interface types {
 
     // Properties for a capability
     record capability-properties {
-        image: string,
+        image: option<string>,
+        application: option<shared-application-component-properties>,
         id: option<string>,
         config: list<config-property>,
         secrets: list<secret-property>,
@@ -187,6 +189,12 @@ interface types {
         version: option<string>,
     }
 
+    // Shared application component properties
+    record shared-application-component-properties {
+        name: string,
+        component: string
+    }
+
     // Target configuration
     record target-config {
         name: string,
diff --git a/wit/wadm/types.wit b/wit/wadm/types.wit
index dd93bd54..f161c658 100644
--- a/wit/wadm/types.wit
+++ b/wit/wadm/types.wit
@@ -117,7 +117,8 @@ interface types {
 
     // Properties for a component
     record component-properties {
-        image: string,
+        image: option<string>,
+        application: option<shared-application-component-properties>,
         id: option<string>,
         config: list<config-property>,
         secrets: list<secret-property>,
@@ -125,7 +126,8 @@ interface types {
 
     // Properties for a capability
     record capability-properties {
-        image: string,
+        image: option<string>,
+        application: option<shared-application-component-properties>,
         id: option<string>,
         config: list<config-property>,
         secrets: list<secret-property>,
@@ -187,6 +189,12 @@ interface types {
         version: option<string>,
     }
 
+    // Shared application component properties
+    record shared-application-component-properties {
+        name: string,
+        component: string
+    }
+
     // Target configuration
     record target-config {
         name: string,