diff --git a/.changeset/entries/c11d327fbc88921861fa668675bec2a375e4b30c4ee12d8dbf03bf2bba25bfa5.yaml b/.changeset/entries/c11d327fbc88921861fa668675bec2a375e4b30c4ee12d8dbf03bf2bba25bfa5.yaml
new file mode 100644
index 0000000000..ff76ef6e72
--- /dev/null
+++ b/.changeset/entries/c11d327fbc88921861fa668675bec2a375e4b30c4ee12d8dbf03bf2bba25bfa5.yaml
@@ -0,0 +1,6 @@
+type: deps
+module: other
+pull_request: 1245
+description: Bump cosmos-sdk to 0.47.5
+backward_compatible: true
+date: 2023-09-22T07:47:04.001240328Z
diff --git a/app/app.go b/app/app.go
index 7cd944480c..c3ddbd40a5 100644
--- a/app/app.go
+++ b/app/app.go
@@ -127,9 +127,6 @@ type DesmosApp struct {
 	txConfig          client.TxConfig
 	interfaceRegistry types.InterfaceRegistry
 
-	// non depinject support modules store keys
-	keys map[string]*storetypes.KVStoreKey
-
 	// Keepers
 	AccountKeeper         authkeeper.AccountKeeper
 	BankKeeper            bankkeeper.Keeper
@@ -283,11 +280,13 @@ func NewDesmosApp(
 	app.App = appBuilder.Build(logger, db, traceStore, baseAppOptions...)
 
 	// set up non depinject support modules store keys
-	app.keys = sdk.NewKVStoreKeys(
+	storeKeys := sdk.NewKVStoreKeys(
 		ibcexported.StoreKey, ibctransfertypes.StoreKey, ibcfeetypes.StoreKey,
 		icahosttypes.StoreKey, icacontrollertypes.StoreKey, wasmtypes.StoreKey,
 	)
-	app.MountKVStores(app.keys)
+	for _, key := range storeKeys {
+		app.RegisterStores(key)
+	}
 
 	// load state streaming if enabled
 	if _, _, err := streaming.LoadStreamingServices(app.App.BaseApp, appOpts, app.appCodec, logger, app.kvStoreKeys()); err != nil {
@@ -461,12 +460,8 @@ func NewDesmosApp(
 		wasm.NewAppModule(app.appCodec, &app.WasmKeeper, app.StakingKeeper, app.AccountKeeper, app.BankKeeper, app.MsgServiceRouter(), app.GetSubspace(wasmtypes.ModuleName)),
 	}
 
-	app.RegisterModules(legacyModules...)
-	cfg := app.Configurator()
-	for _, m := range legacyModules {
-		if s, ok := m.(module.HasServices); ok {
-			s.RegisterServices(cfg)
-		}
+	if err := app.RegisterModules(legacyModules...); err != nil {
+		panic(err)
 	}
 
 	// create the simulation manager and define the order of the modules for deterministic simulations
@@ -611,10 +606,6 @@ func (app *DesmosApp) TxConfig() client.TxConfig {
 //
 // NOTE: This is solely to be used for testing purposes.
 func (app *DesmosApp) GetKey(storeKey string) *storetypes.KVStoreKey {
-	if key, ok := app.keys[storeKey]; ok {
-		return key
-	}
-
 	sk := app.UnsafeFindStoreKey(storeKey)
 	kvStoreKey, ok := sk.(*storetypes.KVStoreKey)
 	if !ok {
@@ -632,10 +623,6 @@ func (app *DesmosApp) kvStoreKeys() map[string]*storetypes.KVStoreKey {
 		}
 	}
 
-	for _, kv := range app.keys {
-		keys[kv.Name()] = kv
-	}
-
 	return keys
 }
 
diff --git a/go.mod b/go.mod
index f929a85b36..fa997fafe2 100644
--- a/go.mod
+++ b/go.mod
@@ -332,7 +332,7 @@ replace (
 	github.com/99designs/keyring => github.com/cosmos/keyring v1.2.0
 
 	// Our cosmos-sdk branch is: https://github.com/desmos-labs/cosmos-sdk v0.47.x-desmos
-	github.com/cosmos/cosmos-sdk => github.com/desmos-labs/cosmos-sdk v0.47.4-desmos
+	github.com/cosmos/cosmos-sdk => github.com/desmos-labs/cosmos-sdk v0.47.5-desmos
 
 	// Replace the Cosmos Ledger app with the Desmos fork
 	github.com/cosmos/ledger-cosmos-go => github.com/desmos-labs/ledger-desmos-go v0.12.1-desmos
diff --git a/go.sum b/go.sum
index 95d795b2ce..452f83b80e 100644
--- a/go.sum
+++ b/go.sum
@@ -469,8 +469,8 @@ github.com/denis-tingaikin/go-header v0.4.3 h1:tEaZKAlqql6SKCY++utLmkPLd6K8IBM20
 github.com/denis-tingaikin/go-header v0.4.3/go.mod h1:0wOCWuN71D5qIgE2nz9KrKmuYBAC2Mra5RassOIQ2/c=
 github.com/desertbit/timer v0.0.0-20180107155436-c41aec40b27f h1:U5y3Y5UE0w7amNe7Z5G/twsBW0KEalRQXZzf8ufSh9I=
 github.com/desertbit/timer v0.0.0-20180107155436-c41aec40b27f/go.mod h1:xH/i4TFMt8koVQZ6WFms69WAsDWr2XsYL3Hkl7jkoLE=
-github.com/desmos-labs/cosmos-sdk v0.47.4-desmos h1:+pknvZ4fy4tlmN2+pVfXcKP2dO2Co6w6D5FmY0jBbnw=
-github.com/desmos-labs/cosmos-sdk v0.47.4-desmos/go.mod h1:R5n+uM7vguVPFap4pgkdvQCT1nVo/OtPwrlAU40rvok=
+github.com/desmos-labs/cosmos-sdk v0.47.5-desmos h1:Ogg9qwwhoHaOWRNw8gMzsLjZig5D3jQ1xVqTYb09cc0=
+github.com/desmos-labs/cosmos-sdk v0.47.5-desmos/go.mod h1:EHwCeN9IXonsjKcjpS12MqeStdZvIdxt3VYXhus3G3c=
 github.com/desmos-labs/ledger-desmos-go v0.12.1-desmos h1:uYU67f1pZ7Jht/q9cn5sTdeto0J+lRUHIJgmedDGEVM=
 github.com/desmos-labs/ledger-desmos-go v0.12.1-desmos/go.mod h1:dhO6kj+Y+AHIOgAe4L9HL/6NDdyyth4q238I9yFpD2g=
 github.com/dgraph-io/badger/v2 v2.2007.4 h1:TRWBQg8UrlUhaFdco01nO2uXwzKS7zd+HVdwV/GHc4o=