diff --git a/Cargo.lock b/Cargo.lock
index a5be6906c..afe247dd6 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3159,9 +3159,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.36.0"
+version = "1.37.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "61285f6515fa018fb2d1e46eb21223fff441ee8db5d0f1435e8ab4f5cdb80931"
+checksum = "1adbebffeca75fcfd058afa480fb6c0b81e165a0323f9c9d39c9697e37c46787"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/crates/cli/Cargo.toml b/crates/cli/Cargo.toml
index ef7a81646..f82ded249 100644
--- a/crates/cli/Cargo.toml
+++ b/crates/cli/Cargo.toml
@@ -17,7 +17,7 @@ serde = { version = "1.0.197", features = ["derive"] }
 serde_json = { version = "1.0.115", features = ["raw_value"] }
 serde_yaml = "0.9.34"
 thiserror = "1.0.58"
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.37.0", features = ["full"] }
 
 [build-dependencies]
 build-data = "0.1.5"
diff --git a/crates/configuration/Cargo.toml b/crates/configuration/Cargo.toml
index 9c23e4cd3..bbf530a23 100644
--- a/crates/configuration/Cargo.toml
+++ b/crates/configuration/Cargo.toml
@@ -16,5 +16,5 @@ serde = "1.0.197"
 serde_json = { version = "1.0.115", features = ["raw_value"] }
 sqlx = { version = "0.7.4", features = ["json", "postgres", "runtime-tokio-rustls"] }
 thiserror = "1.0.58"
-tokio = "1.36.0"
+tokio = "1.37.0"
 tracing = "0.1.40"
diff --git a/crates/connectors/ndc-postgres/Cargo.toml b/crates/connectors/ndc-postgres/Cargo.toml
index 08bbf49e4..70279b447 100644
--- a/crates/connectors/ndc-postgres/Cargo.toml
+++ b/crates/connectors/ndc-postgres/Cargo.toml
@@ -32,6 +32,6 @@ prometheus = "0.13.3"
 serde_json = { version = "1.0.115", features = ["raw_value"] }
 sqlx = { version = "0.7.4", features = ["json", "postgres", "runtime-tokio-rustls"] }
 thiserror = "1.0"
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.37.0", features = ["full"] }
 tracing = "0.1.40"
 url = "2.5.0"
diff --git a/crates/tests/databases-tests/Cargo.toml b/crates/tests/databases-tests/Cargo.toml
index 354dfa971..a934c7b5b 100644
--- a/crates/tests/databases-tests/Cargo.toml
+++ b/crates/tests/databases-tests/Cargo.toml
@@ -33,4 +33,4 @@ insta = { version = "1.37.0", features = ["json"] }
 schemars = { version = "0.8.16", features = ["smol_str", "preserve_order"] }
 serde_json = "1.0.115"
 test-each = "0.2.1"
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.37.0", features = ["full"] }
diff --git a/crates/tests/tests-common/Cargo.toml b/crates/tests/tests-common/Cargo.toml
index 24ec570de..29a54e21a 100644
--- a/crates/tests/tests-common/Cargo.toml
+++ b/crates/tests/tests-common/Cargo.toml
@@ -31,7 +31,7 @@ serde = "1.0.197"
 serde_json = { version = "1.0.115", features = ["raw_value"] }
 similar-asserts = "1.5.0"
 sqlx = { version = "0.7.4", features = [ "json", "postgres", "runtime-tokio-rustls" ] }
-tokio = { version = "1.36.0", features = ["full"] }
+tokio = { version = "1.37.0", features = ["full"] }
 tokio-postgres = "0.7.10"
 tracing = "0.1.40"
 uuid = {version = "1.8.0", features = [ "v4", "fast-rng", "macro-diagnostics" ]}