diff --git a/go.mod b/go.mod
index 5f8e9322555a..f94d20ebf015 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ module github.com/cosmos/cosmos-sdk
 require (
 	cosmossdk.io/api v0.7.6
 	cosmossdk.io/collections v0.4.0
-	cosmossdk.io/core v0.11.0
+	cosmossdk.io/core v0.12.1-0.20240725072823-6a2d039e1212
 	cosmossdk.io/depinject v1.1.0
 	cosmossdk.io/errors v1.0.1
 	cosmossdk.io/log v1.4.1
@@ -81,7 +81,7 @@ require (
 	github.com/cockroachdb/redact v1.1.5 // indirect
 	github.com/cockroachdb/tokenbucket v0.0.0-20230807174530-cc333fc44b06 // indirect
 	github.com/cometbft/cometbft-db v0.11.0 // indirect
-	github.com/cosmos/iavl v1.2.2 // indirect
+	github.com/cosmos/iavl v1.3.5 // indirect
 	github.com/cosmos/ics23/go v0.11.0 // indirect
 	github.com/danieljoos/wincred v1.1.2 // indirect
 	github.com/davecgh/go-spew v1.1.2-0.20180830191138-d8f796af33cc // indirect
diff --git a/go.sum b/go.sum
index d305dc01a4c0..d47a2529a139 100644
--- a/go.sum
+++ b/go.sum
@@ -4,8 +4,8 @@ cosmossdk.io/api v0.7.6 h1:PC20PcXy1xYKH2KU4RMurVoFjjKkCgYRbVAD4PdqUuY=
 cosmossdk.io/api v0.7.6/go.mod h1:IcxpYS5fMemZGqyYtErK7OqvdM0C8kdW3dq8Q/XIG38=
 cosmossdk.io/collections v0.4.0 h1:PFmwj2W8szgpD5nOd8GWH6AbYNi1f2J6akWXJ7P5t9s=
 cosmossdk.io/collections v0.4.0/go.mod h1:oa5lUING2dP+gdDquow+QjlF45eL1t4TJDypgGd+tv0=
-cosmossdk.io/core v0.11.0 h1:vtIafqUi+1ZNAE/oxLOQQ7Oek2n4S48SWLG8h/+wdbo=
-cosmossdk.io/core v0.11.0/go.mod h1:LaTtayWBSoacF5xNzoF8tmLhehqlA9z1SWiPuNC6X1w=
+cosmossdk.io/core v0.12.1-0.20240725072823-6a2d039e1212 h1:yLjl2aq6XMa5Zb1aKfwNHn1U+fFmmAtZyWKNWm/yVH8=
+cosmossdk.io/core v0.12.1-0.20240725072823-6a2d039e1212/go.mod h1:sLzMwAW9HW+Nm3GltUVHDRSRZbcXLy9+2AYgi2bwt/s=
 cosmossdk.io/depinject v1.1.0 h1:wLan7LG35VM7Yo6ov0jId3RHWCGRhe8E8bsuARorl5E=
 cosmossdk.io/depinject v1.1.0/go.mod h1:kkI5H9jCGHeKeYWXTqYdruogYrEeWvBQCw1Pj4/eCFI=
 cosmossdk.io/errors v1.0.1 h1:bzu+Kcr0kS/1DuPBtUFdWjzLqyUuCiyHjyJB6srBV/0=
@@ -160,8 +160,8 @@ github.com/cosmos/gogogateway v1.2.0/go.mod h1:iQpLkGWxYcnCdz5iAdLcRBSw3h7NXeOkZ
 github.com/cosmos/gogoproto v1.4.2/go.mod h1:cLxOsn1ljAHSV527CHOtaIP91kK6cCrZETRBrkzItWU=
 github.com/cosmos/gogoproto v1.7.0 h1:79USr0oyXAbxg3rspGh/m4SWNyoz/GLaAh0QlCe2fro=
 github.com/cosmos/gogoproto v1.7.0/go.mod h1:yWChEv5IUEYURQasfyBW5ffkMHR/90hiHgbNgrtp4j0=
-github.com/cosmos/iavl v1.2.2 h1:qHhKW3I70w+04g5KdsdVSHRbFLgt3yY3qTMd4Xa4rC8=
-github.com/cosmos/iavl v1.2.2/go.mod h1:GiM43q0pB+uG53mLxLDzimxM9l/5N9UuSY3/D0huuVw=
+github.com/cosmos/iavl v1.3.5 h1:wTDFbaa/L0FVUrwTlzMnjN3fphtKgWxgcZmTc45MZuA=
+github.com/cosmos/iavl v1.3.5/go.mod h1:T6SfBcyhulVIY2G/ZtAtQm/QiJvsuhIos52V4dWYk88=
 github.com/cosmos/ics23/go v0.11.0 h1:jk5skjT0TqX5e5QJbEnwXIS2yI2vnmLOgpQPeM5RtnU=
 github.com/cosmos/ics23/go v0.11.0/go.mod h1:A8OjxPE67hHST4Icw94hOxxFEJMBG031xIGF/JHNIY0=
 github.com/cosmos/keyring v1.2.0 h1:8C1lBP9xhImmIabyXW4c3vFjjLiBdGCmfLUfeZlV1Yo=