diff --git a/Cargo.lock b/Cargo.lock
index 2947eaf3..0ace7b00 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5531,9 +5531,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.30.0"
+version = "1.32.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2d3ce25f50619af8b0aec2eb23deebe84249e19e2ddd393a6e16e3300a6dadfd"
+checksum = "17ed6077ed6cd6c74735e21f37eb16dc3935f96878b1fe961074089cc80893f9"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/crates/axum-utils/Cargo.toml b/crates/axum-utils/Cargo.toml
index 034bf0b1..90761c6e 100644
--- a/crates/axum-utils/Cargo.toml
+++ b/crates/axum-utils/Cargo.toml
@@ -23,7 +23,7 @@ serde_with = "3.2.0"
 serde_urlencoded = "0.7.1"
 serde_json.workspace = true
 thiserror.workspace = true
-tokio = "1.30.0"
+tokio = "1.32.0"
 tower = { version = "0.4.13", features = ["util"] }
 tracing.workspace = true
 url.workspace = true
diff --git a/crates/cli/Cargo.toml b/crates/cli/Cargo.toml
index ab082cfb..c07385ac 100644
--- a/crates/cli/Cargo.toml
+++ b/crates/cli/Cargo.toml
@@ -21,7 +21,7 @@ rustls = "0.21.6"
 serde_json.workspace = true
 serde_yaml = "0.9.25"
 sqlx = { version = "0.7.1", features = ["runtime-tokio-rustls", "postgres"] }
-tokio = { version = "1.30.0", features = ["full"] }
+tokio = { version = "1.32.0", features = ["full"] }
 tower = "0.4.13"
 tower-http = { version = "0.4.3", features = ["fs"] }
 url.workspace = true
diff --git a/crates/config/Cargo.toml b/crates/config/Cargo.toml
index dc1ea443..a92f6eb3 100644
--- a/crates/config/Cargo.toml
+++ b/crates/config/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 license = "Apache-2.0"
 
 [dependencies]
-tokio = { version = "1.30.0", features = ["fs", "rt"] }
+tokio = { version = "1.32.0", features = ["fs", "rt"] }
 tracing.workspace = true
 async-trait = "0.1.72"
 
diff --git a/crates/graphql/Cargo.toml b/crates/graphql/Cargo.toml
index ae80c20a..1c76d84a 100644
--- a/crates/graphql/Cargo.toml
+++ b/crates/graphql/Cargo.toml
@@ -13,7 +13,7 @@ chrono.workspace = true
 lettre = { version = "0.10.4", default-features = false  }
 serde.workspace = true
 thiserror.workspace = true
-tokio = { version = "1.30.0", features = ["sync"] }
+tokio = { version = "1.32.0", features = ["sync"] }
 tracing.workspace = true
 tower = { version = "0.4.13", features = ["util"] }
 ulid = "1.0.0"
diff --git a/crates/handlers/Cargo.toml b/crates/handlers/Cargo.toml
index e007fbe6..85b92876 100644
--- a/crates/handlers/Cargo.toml
+++ b/crates/handlers/Cargo.toml
@@ -7,7 +7,7 @@ license = "Apache-2.0"
 
 [dependencies]
 # Async runtime
-tokio = { version = "1.30.0", features = ["macros"] }
+tokio = { version = "1.32.0", features = ["macros"] }
 futures-util = "0.3.28"
 
 # Logging and tracing
diff --git a/crates/http/Cargo.toml b/crates/http/Cargo.toml
index 70a06c7f..b745812b 100644
--- a/crates/http/Cargo.toml
+++ b/crates/http/Cargo.toml
@@ -22,7 +22,7 @@ serde.workspace = true
 serde_json.workspace = true
 serde_urlencoded = "0.7.1"
 thiserror.workspace = true
-tokio = { version = "1.30.0", features = ["sync", "parking_lot"], optional = true }
+tokio = { version = "1.32.0", features = ["sync", "parking_lot"], optional = true }
 tower = { version = "0.4.13", features = [] }
 tower-http = { version = "0.4.3", features = ["cors"] }
 tracing.workspace = true
@@ -34,7 +34,7 @@ mas-tower = { path = "../tower" }
 
 [dev-dependencies]
 anyhow.workspace = true
-tokio = { version = "1.30.0", features = ["macros", "rt"] }
+tokio = { version = "1.32.0", features = ["macros", "rt"] }
 tower = { version = "0.4.13", features = ["util"] }
 
 [features]
diff --git a/crates/iana-codegen/Cargo.toml b/crates/iana-codegen/Cargo.toml
index 9eabf6cb..e9a31dee 100644
--- a/crates/iana-codegen/Cargo.toml
+++ b/crates/iana-codegen/Cargo.toml
@@ -14,6 +14,6 @@ csv = "1.2.2"
 futures-util = "0.3.28"
 hyper = { version = "0.14.27", features = ["tcp", "client", "http1"] }
 serde.workspace = true
-tokio = { version = "1.30.0", features = ["macros", "rt-multi-thread", "fs", "io-util"] }
+tokio = { version = "1.32.0", features = ["macros", "rt-multi-thread", "fs", "io-util"] }
 tracing.workspace = true
 tracing-subscriber = "0.3.17"
diff --git a/crates/listener/Cargo.toml b/crates/listener/Cargo.toml
index 10a07cea..3db166cd 100644
--- a/crates/listener/Cargo.toml
+++ b/crates/listener/Cargo.toml
@@ -12,7 +12,7 @@ http-body = "0.4.5"
 hyper = { version = "0.14.27", features = ["server", "http1", "http2", "tcp"] }
 pin-project-lite = "0.2.12"
 thiserror.workspace = true
-tokio = { version = "1.30.0", features = ["net", "rt", "macros", "signal", "time"] }
+tokio = { version = "1.32.0", features = ["net", "rt", "macros", "signal", "time"] }
 tokio-rustls = "0.24.1"
 tower-http = { version = "0.4.3", features = ["add-extension"] }
 tower-service = "0.3.2"
@@ -22,7 +22,7 @@ libc = "0.2.147"
 [dev-dependencies]
 anyhow.workspace = true
 rustls-pemfile = "1.0.3"
-tokio = { version = "1.30.0", features = ["net", "rt", "macros", "signal", "time", "rt-multi-thread"] }
+tokio = { version = "1.32.0", features = ["net", "rt", "macros", "signal", "time", "rt-multi-thread"] }
 tokio-test = "0.4.2"
 tracing-subscriber = "0.3.17"
 
diff --git a/crates/matrix/Cargo.toml b/crates/matrix/Cargo.toml
index 7ceea5c9..961cf02d 100644
--- a/crates/matrix/Cargo.toml
+++ b/crates/matrix/Cargo.toml
@@ -10,5 +10,5 @@ anyhow.workspace = true
 serde.workspace = true
 async-trait = "0.1.72"
 http.workspace = true
-tokio = { version = "1.30.0", features = ["sync", "macros", "rt"] }
+tokio = { version = "1.32.0", features = ["sync", "macros", "rt"] }
 url.workspace = true
diff --git a/crates/oidc-client/Cargo.toml b/crates/oidc-client/Cargo.toml
index ed721cfd..3a381bfa 100644
--- a/crates/oidc-client/Cargo.toml
+++ b/crates/oidc-client/Cargo.toml
@@ -35,7 +35,7 @@ serde_json.workspace = true
 serde_urlencoded = "0.7.1"
 serde_with = "3.2.0"
 thiserror.workspace = true
-tokio = { version = "1.30.0", features = ["rt", "macros", "rt-multi-thread"] }
+tokio = { version = "1.32.0", features = ["rt", "macros", "rt-multi-thread"] }
 tower = { version = "0.4.13", features = ["full"] }
 tracing.workspace = true
 url.workspace = true
diff --git a/crates/policy/Cargo.toml b/crates/policy/Cargo.toml
index d47e3230..a264faf4 100644
--- a/crates/policy/Cargo.toml
+++ b/crates/policy/Cargo.toml
@@ -11,7 +11,7 @@ opa-wasm = { git = "https://github.com/matrix-org/rust-opa-wasm.git" }
 serde.workspace = true
 serde_json.workspace = true
 thiserror.workspace = true
-tokio = { version = "1.30.0", features = ["io-util"] }
+tokio = { version = "1.32.0", features = ["io-util"] }
 tracing.workspace = true
 wasmtime = { version = "11.0.1", default-features = false, features = ["async", "cranelift"] }
 
@@ -19,7 +19,7 @@ mas-data-model = { path = "../data-model" }
 oauth2-types = { path = "../oauth2-types" }
 
 [dev-dependencies]
-tokio = { version = "1.30.0", features = ["fs", "rt", "macros"] }
+tokio = { version = "1.32.0", features = ["fs", "rt", "macros"] }
 
 [features]
 cache = ["wasmtime/cache"]
diff --git a/crates/tasks/Cargo.toml b/crates/tasks/Cargo.toml
index ea2c88c9..cd1ca3cf 100644
--- a/crates/tasks/Cargo.toml
+++ b/crates/tasks/Cargo.toml
@@ -18,7 +18,7 @@ rand.workspace = true
 rand_chacha = "0.3.1"
 sqlx = { version = "0.7.1", features = ["runtime-tokio-rustls", "postgres"] }
 thiserror.workspace = true
-tokio = { version = "1.30.0", features = ["rt"] }
+tokio = { version = "1.32.0", features = ["rt"] }
 tower = "0.4.13"
 tracing.workspace = true
 tracing-opentelemetry = "0.20.0"
diff --git a/crates/templates/Cargo.toml b/crates/templates/Cargo.toml
index 69ec559f..6d4e0946 100644
--- a/crates/templates/Cargo.toml
+++ b/crates/templates/Cargo.toml
@@ -7,7 +7,7 @@ license = "Apache-2.0"
 
 [dependencies]
 tracing.workspace = true
-tokio = { version = "1.30.0", features = ["macros", "rt", "fs"] }
+tokio = { version = "1.32.0", features = ["macros", "rt", "fs"] }
 
 anyhow.workspace = true
 thiserror.workspace = true
diff --git a/crates/tower/Cargo.toml b/crates/tower/Cargo.toml
index 31d47dfa..8ae09139 100644
--- a/crates/tower/Cargo.toml
+++ b/crates/tower/Cargo.toml
@@ -10,7 +10,7 @@ http.workspace = true
 tracing.workspace = true
 tracing-opentelemetry = "0.20.0"
 tower = "0.4.13"
-tokio = { version = "1.30.0", features = ["time"] }
+tokio = { version = "1.32.0", features = ["time"] }
 opentelemetry = { version = "0.20.0", features = ["metrics"] }
 opentelemetry-http = "0.9.0"
 opentelemetry-semantic-conventions = "0.12.0"