diff --git a/Dockerfile b/Dockerfile
index 26f94e29f5..5751da91c0 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -15,10 +15,10 @@ RUN apk add git
 WORKDIR /code
 COPY . /code/
 # See https://github.com/CosmWasm/wasmvm/releases
-ADD https://github.com/CosmWasm/wasmvm/releases/download/v1.2.1/libwasmvm_muslc.aarch64.a /lib/libwasmvm_muslc.aarch64.a
-ADD https://github.com/CosmWasm/wasmvm/releases/download/v1.2.1/libwasmvm_muslc.x86_64.a /lib/libwasmvm_muslc.x86_64.a
-RUN sha256sum /lib/libwasmvm_muslc.aarch64.a | grep 86bc5fdc0f01201481c36e17cd3dfed6e9650d22e1c5c8983a5b78c231789ee0
-RUN sha256sum /lib/libwasmvm_muslc.x86_64.a | grep a00700aa19f5bfe0f46290ddf69bf51eb03a6dfcd88b905e1081af2e42dbbafc
+ADD https://github.com/CosmWasm/wasmvm/releases/download/v1.2.3/libwasmvm_muslc.aarch64.a /lib/libwasmvm_muslc.aarch64.a
+ADD https://github.com/CosmWasm/wasmvm/releases/download/v1.2.3/libwasmvm_muslc.x86_64.a /lib/libwasmvm_muslc.x86_64.a
+RUN sha256sum /lib/libwasmvm_muslc.aarch64.a | grep d6904bc0082d6510f1e032fc1fd55ffadc9378d963e199afe0f93dd2667c0160
+RUN sha256sum /lib/libwasmvm_muslc.x86_64.a | grep bb8ffda690b15765c396266721e45516cb3021146fd4de46f7daeda5b0d82c86
 
 # Copy the library you want to the final location that will be found by the linker flag `-lwasmvm_muslc`
 RUN cp /lib/libwasmvm_muslc.${arch}.a /lib/libwasmvm_muslc.a
diff --git a/README.md b/README.md
index ccc8182483..4c95cbb83d 100644
--- a/README.md
+++ b/README.md
@@ -27,6 +27,7 @@ compatibility list:
 
 | wasmd | wasmvm       | cosmwasm-vm | cosmwasm-std |
 |-------|--------------|-------------|--------------|
+| 0.32  | v1.2.3       |             | 1.0-1.2      |
 | 0.31  | v1.2.0       |             | 1.0-1.2      |
 | 0.30  | v1.1.0       |             | 1.0-1.1      |
 | 0.29  | v1.1.0       |             | 1.0-1.1      |
diff --git a/go.mod b/go.mod
index d50d26c559..045bb6e8db 100644
--- a/go.mod
+++ b/go.mod
@@ -3,7 +3,7 @@ module github.com/CosmWasm/wasmd
 go 1.19
 
 require (
-	github.com/CosmWasm/wasmvm v1.2.1
+	github.com/CosmWasm/wasmvm v1.2.3
 	github.com/cosmos/cosmos-proto v1.0.0-beta.2
 	github.com/cosmos/cosmos-sdk v0.45.15
 	github.com/cosmos/gogoproto v1.4.6
diff --git a/go.sum b/go.sum
index 59584b8a1b..bb70bbdd69 100644
--- a/go.sum
+++ b/go.sum
@@ -64,8 +64,8 @@ github.com/CloudyKit/fastprinter v0.0.0-20170127035650-74b38d55f37a/go.mod h1:EF
 github.com/CloudyKit/fastprinter v0.0.0-20200109182630-33d98a066a53/go.mod h1:+3IMCy2vIlbG1XG/0ggNQv0SvxCAIpPM5b1nCz56Xno=
 github.com/CloudyKit/jet v2.1.3-0.20180809161101-62edd43e4f88+incompatible/go.mod h1:HPYO+50pSWkPoj9Q/eq0aRGByCL6ScRlUmiEX5Zgm+w=
 github.com/CloudyKit/jet/v3 v3.0.0/go.mod h1:HKQPgSJmdK8hdoAbKUUWajkHyHo4RaU5rMdUywE7VMo=
-github.com/CosmWasm/wasmvm v1.2.1 h1:si0tRsRDdUShV0k51Wn6zRKlmj3/WWP9Yr4cLmDTf+8=
-github.com/CosmWasm/wasmvm v1.2.1/go.mod h1:vW/E3h8j9xBQs9bCoijDuawKo9kCtxOaS8N8J7KFtkc=
+github.com/CosmWasm/wasmvm v1.2.3 h1:OKYlobwmVGbl0eSn0mXoAAjE5hIuXnQCLPjbNd91sVY=
+github.com/CosmWasm/wasmvm v1.2.3/go.mod h1:vW/E3h8j9xBQs9bCoijDuawKo9kCtxOaS8N8J7KFtkc=
 github.com/DATA-DOG/go-sqlmock v1.3.3/go.mod h1:f/Ixk793poVmq4qj/V1dPUg2JEAKC73Q5eFN3EC/SaM=
 github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3tL4fMGNddJ+vMq1mwgfaqoQ=
 github.com/DataDog/zstd v1.4.5/go.mod h1:1jcaCB/ufaK+sKp1NBhlGmpz41jOoPQ35bpF36t7BBo=