diff --git a/go.mod b/go.mod
index 9d0edcdce9..24e49a2ca5 100644
--- a/go.mod
+++ b/go.mod
@@ -15,7 +15,7 @@ require (
 	github.com/charmbracelet/glow v1.4.1
 	github.com/cosmos/cosmos-sdk v0.46.4
 	github.com/cosmos/go-bip39 v1.0.0
-	github.com/cosmos/ibc-go/v5 v5.0.1
+	github.com/cosmos/ibc-go/v5 v5.1.0
 	github.com/emicklei/proto v1.11.0
 	github.com/fatih/color v1.13.0
 	github.com/ghodss/yaml v1.0.0
diff --git a/go.sum b/go.sum
index 450f43f8f4..6ad42c6266 100644
--- a/go.sum
+++ b/go.sum
@@ -475,8 +475,8 @@ github.com/cosmos/gorocksdb v1.2.0 h1:d0l3jJG8M4hBouIZq0mDUHZ+zjOx044J3nGRskwTb4
 github.com/cosmos/gorocksdb v1.2.0/go.mod h1:aaKvKItm514hKfNJpUJXnnOWeBnk2GL4+Qw9NHizILw=
 github.com/cosmos/iavl v0.19.4 h1:t82sN+Y0WeqxDLJRSpNd8YFX5URIrT+p8n6oJbJ2Dok=
 github.com/cosmos/iavl v0.19.4/go.mod h1:X9PKD3J0iFxdmgNLa7b2LYWdsGd90ToV5cAONApkEPw=
-github.com/cosmos/ibc-go/v5 v5.0.1 h1:ZI5xCi6RDOL+hyu6Wx/w6JoAYFlOoK5hijsRTVWo+RA=
-github.com/cosmos/ibc-go/v5 v5.0.1/go.mod h1:LX0DHLW3dfi/1e4BJzi8MGLWmQ4DSraPEgVjyo3VzAo=
+github.com/cosmos/ibc-go/v5 v5.1.0 h1:m1NHXFkwwvNeJegZqtyox1WLinh+PMy4ivU/Cs9KjeA=
+github.com/cosmos/ibc-go/v5 v5.1.0/go.mod h1:H6sV0/CkNRDtvSrhbsIgiog1WnSwhguGfg8x34MOVEk=
 github.com/cosmos/ledger-cosmos-go v0.11.1 h1:9JIYsGnXP613pb2vPjFeMMjBI5lEDsEaF6oYorTy6J4=
 github.com/cosmos/ledger-cosmos-go v0.11.1/go.mod h1:J8//BsAGTo3OC/vDLjMRFLW6q0WAaXvHnVc7ZmE8iUY=
 github.com/cosmos/ledger-go v0.9.2 h1:Nnao/dLwaVTk1Q5U9THldpUMMXU94BOTWPddSmVB6pI=
diff --git a/ignite/templates/app/files/go.mod.plush b/ignite/templates/app/files/go.mod.plush
index ae123dd59b..2083daf57e 100644
--- a/ignite/templates/app/files/go.mod.plush
+++ b/ignite/templates/app/files/go.mod.plush
@@ -4,7 +4,7 @@ go 1.18
 
 require (
 	github.com/cosmos/cosmos-sdk v0.46.4
-	github.com/cosmos/ibc-go/v5 v5.0.1
+	github.com/cosmos/ibc-go/v5 v5.1.0
 	github.com/gogo/protobuf v1.3.3
 	github.com/golang/protobuf v1.5.2
 	github.com/grpc-ecosystem/grpc-gateway v1.16.0