diff --git a/Cargo.lock b/Cargo.lock
index cdc6eae453..d7ef43b529 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -894,6 +894,15 @@ dependencies = [
  "hashbrown 0.13.2",
 ]
 
+[[package]]
+name = "borsh"
+version = "1.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "acedd71cd81a2231f8c032b8330184e4e290374ca4e782aa95916b17e04b71b8"
+dependencies = [
+ "cfg_aliases",
+]
+
 [[package]]
 name = "borsh-derive"
 version = "0.9.3"
@@ -1203,6 +1212,12 @@ version = "1.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "baf1de4339761588bc0619e3cbc0120ee582ebb74b53b4efbf79117bd2da40fd"
 
+[[package]]
+name = "cfg_aliases"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "fd16c4719339c4530435d38e511904438d07cce7950afa3718a84ac36c10e89e"
+
 [[package]]
 name = "chrono"
 version = "0.4.31"
@@ -5685,7 +5700,7 @@ dependencies = [
 name = "solana-banks-client"
 version = "1.18.0"
 dependencies = [
- "borsh 0.10.3",
+ "borsh 1.1.0",
  "futures 0.3.28",
  "solana-banks-interface",
  "solana-banks-server",
@@ -6968,8 +6983,8 @@ dependencies = [
  "bincode",
  "bitflags 2.3.3",
  "blake3",
- "borsh 0.10.3",
  "borsh 0.9.3",
+ "borsh 1.1.0",
  "bs58 0.4.0",
  "bv",
  "bytemuck",
@@ -7396,7 +7411,7 @@ dependencies = [
  "base64 0.21.4",
  "bincode",
  "bitflags 2.3.3",
- "borsh 0.10.3",
+ "borsh 1.1.0",
  "bs58 0.4.0",
  "bytemuck",
  "byteorder",
@@ -7783,7 +7798,7 @@ dependencies = [
  "Inflector",
  "base64 0.21.4",
  "bincode",
- "borsh 0.10.3",
+ "borsh 1.1.0",
  "bs58 0.4.0",
  "lazy_static",
  "log",
diff --git a/Cargo.toml b/Cargo.toml
index 58db6628d8..023b6bb8cb 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -160,7 +160,7 @@ bincode = "1.3.3"
 bitflags = { version = "2.3.3", features = ["serde"] }
 blake3 = "1.5.0"
 block-buffer = "0.10.4"
-borsh = "0.10.3"
+borsh = "1.1.0"
 bs58 = "0.4.0"
 bv = "0.11.1"
 byte-unit = "4.0.19"