diff --git a/go.mod b/go.mod
index 2693e5ec9b..5d03073f4e 100644
--- a/go.mod
+++ b/go.mod
@@ -3,7 +3,7 @@ module github.com/CosmWasm/wasmd
 go 1.19
 
 require (
-	github.com/CosmWasm/wasmvm v1.2.0
+	github.com/CosmWasm/wasmvm v1.2.3
 	github.com/cosmos/cosmos-proto v1.0.0-beta.1
 	github.com/cosmos/cosmos-sdk v0.45.12
 	github.com/cosmos/gogoproto v1.4.4
diff --git a/go.sum b/go.sum
index a9a717e7ea..e58b6bf30f 100644
--- a/go.sum
+++ b/go.sum
@@ -59,8 +59,8 @@ github.com/BurntSushi/toml v0.3.1/go.mod h1:xHWCNGjB5oqiDr8zfno3MHue2Ht5sIBksp03
 github.com/BurntSushi/xgb v0.0.0-20160522181843-27f122750802/go.mod h1:IVnqGOEym/WlBOVXweHU+Q+/VP0lqqI8lqeDx9IjBqo=
 github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d h1:nalkkPQcITbvhmL4+C4cKA87NW0tfm3Kl9VXRoPywFg=
 github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d/go.mod h1:URdX5+vg25ts3aCh8H5IFZybJYKWhJHYMTnf+ULtoC4=
-github.com/CosmWasm/wasmvm v1.2.0 h1:pNCp175id+r/dSa4Ii5zoTkmauOoeipkvepvEJM1bao=
-github.com/CosmWasm/wasmvm v1.2.0/go.mod h1:OIhXFPi9BbcEL1USBj4OIrBTtSSds+9eEql56fsdyfE=
+github.com/CosmWasm/wasmvm v1.2.3 h1:OKYlobwmVGbl0eSn0mXoAAjE5hIuXnQCLPjbNd91sVY=
+github.com/CosmWasm/wasmvm v1.2.3/go.mod h1:vW/E3h8j9xBQs9bCoijDuawKo9kCtxOaS8N8J7KFtkc=
 github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3tL4fMGNddJ+vMq1mwgfaqoQ=
 github.com/DataDog/zstd v1.4.1/go.mod h1:1jcaCB/ufaK+sKp1NBhlGmpz41jOoPQ35bpF36t7BBo=
 github.com/DataDog/zstd v1.4.5/go.mod h1:1jcaCB/ufaK+sKp1NBhlGmpz41jOoPQ35bpF36t7BBo=