diff --git a/package-lock.json b/package-lock.json
index 1416b837ca..8f7ce5c71d 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -2460,6 +2460,17 @@
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+      "funding": [
+        {
+          "type": "individual",
+          "url": "https://paulmillr.com/funding/"
+        }
+      ]
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-        "create-hmac": "^1.1.7",
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@@ -16823,7 +16805,7 @@
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-        "bip32": "^2.0.6",
+        "bip32": "^4.0.0",
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         "https-proxy-agent": "^5.0.0",
         "lodash": "^4.17.4",
@@ -18715,6 +18697,11 @@
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+      "version": "1.2.0",
+      "resolved": "https://registry.npmjs.org/@noble/hashes/-/hashes-1.2.0.tgz",
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+    },
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@@ -18986,6 +18973,11 @@
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       "dev": true
     },
+    "@scure/base": {
+      "version": "1.1.1",
+      "resolved": "https://registry.npmjs.org/@scure/base/-/base-1.1.1.tgz",
+      "integrity": "sha512-ZxOhsSyxYwLJj3pLZCefNitxsj093tb2vq90mp2txoYeBqbcjDjqFhyM8eUjq/uFm6zJ+mUuqxlS2FkuSY1MTA=="
+    },
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@@ -20052,30 +20044,15 @@
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-      "requires": {
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-      }
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-      "version": "2.0.6",
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+      "version": "4.0.0",
+      "resolved": "https://registry.npmjs.org/bip32/-/bip32-4.0.0.tgz",
+      "integrity": "sha512-aOGy88DDlVUhspIXJN+dVEtclhIsfAUppD43V0j40cPTld3pv/0X/MlrZSZ6jowIaQQzFwP8M6rFU2z2mVYjDQ==",
       "requires": {
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-        "bs58check": "^2.1.1",
-        "create-hash": "^1.2.0",
-        "create-hmac": "^1.1.7",
-        "tiny-secp256k1": "^1.1.3",
+        "@noble/hashes": "^1.2.0",
+        "@scure/base": "^1.1.1",
         "typeforce": "^1.11.5",
         "wif": "^2.0.6"
-      },
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-        }
       }
     },
     "bip39": {
@@ -22299,10 +22276,6 @@
         "flat-cache": "^3.0.4"
       }
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-      "integrity": "sha512-0Zt+s3L7Vf1biwWZ29aARiVYLx7iMGnEUl9x33fbB/j3jR81u/O2LbqK+Bm1CDSNDKVtJ/YjwY7TUd5SkeLQLw=="
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       "resolved": "https://registry.npmjs.org/filelist/-/filelist-1.0.3.tgz",
@@ -25511,10 +25484,6 @@
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       "dev": true
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       "resolved": "https://registry.npmjs.org/nanoid/-/nanoid-3.3.3.tgz",
@@ -28597,23 +28566,6 @@
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-        "create-hmac": "^1.1.7",
-        "elliptic": "^6.4.0",
-        "nan": "^2.13.2"
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-        }
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@@ -29558,7 +29510,7 @@
       "version": "file:packages/xrpl",
       "requires": {
         "bignumber.js": "^9.0.0",
-        "bip32": "^2.0.6",
+        "bip32": "^4.0.0",
         "bip39": "^3.0.4",
         "https-proxy-agent": "^5.0.0",
         "lodash": "^4.17.4",
diff --git a/packages/xrpl/package.json b/packages/xrpl/package.json
index 7d78883b07..8991fb7bec 100644
--- a/packages/xrpl/package.json
+++ b/packages/xrpl/package.json
@@ -22,7 +22,7 @@
   },
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-    "bip32": "^2.0.6",
+    "bip32": "^4.0.0",
     "bip39": "^3.0.4",
     "https-proxy-agent": "^5.0.0",
     "lodash": "^4.17.4",