diff --git a/poetry.lock b/poetry.lock
index 47596a3f81..c6cbb22f41 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -1,4 +1,4 @@
-# This file is automatically @generated by Poetry 1.7.1 and should not be changed by hand.
+# This file is automatically @generated by Poetry 1.8.2 and should not be changed by hand.
 
 [[package]]
 name = "aiohttp"
@@ -2042,13 +2042,13 @@ files = [
 
 [[package]]
 name = "pydid"
-version = "0.5.0"
+version = "0.5.1"
 description = "Python library for validating, constructing, and representing DIDs and DID Documents"
 optional = false
 python-versions = "<4.0.0,>=3.9.0"
 files = [
-    {file = "pydid-0.5.0-py3-none-any.whl", hash = "sha256:2562852d2af98ce1a404d64b0826344d811ad78142927da3a84116f1103eac43"},
-    {file = "pydid-0.5.0.tar.gz", hash = "sha256:c97c543e019c469fae0939bab454bedf8e010668e746935e3094e13bdfad28d0"},
+    {file = "pydid-0.5.1-py3-none-any.whl", hash = "sha256:be89df79b6267ec1814d49cdd240262c8bbddbfcee9e3aad97a97d521620d6c4"},
+    {file = "pydid-0.5.1.tar.gz", hash = "sha256:9489a5fbfbecc8dc864c461bb5a0c664895726ab3ca83daf389d91a10146d5e2"},
 ]
 
 [package.dependencies]
@@ -2881,4 +2881,4 @@ bbs = ["ursa-bbs-signatures"]
 [metadata]
 lock-version = "2.0"
 python-versions = "^3.9"
-content-hash = "5ec524034c85a7d2497fb43981a95e7d7e3cc356c2ada95f4e943c98899b07cb"
+content-hash = "6d8062fafd560981bff72be0f1b35b42926fed94128277224e09fff69de7ef1f"
diff --git a/pyproject.toml b/pyproject.toml
index 558a6087b1..96bac83888 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -33,7 +33,7 @@ nest_asyncio="~1.6.0"
 packaging="~23.1"
 portalocker="~2.8.2"
 prompt_toolkit=">=2.0.9,<2.1.0"
-pydid="^0.5.0"
+pydid="^0.5.1"
 pyjwt="~2.8.0"
 pyld="^2.0.4"
 pynacl="~1.5.0"