diff --git a/Cargo.lock b/Cargo.lock
index fc63b9d80bdf2..252acc26a9fd6 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4801,7 +4801,7 @@ dependencies = [
  "pallet-randomness-collective-flip",
  "pallet-timestamp",
  "parity-scale-codec 2.0.1",
- "parity-wasm 0.41.0",
+ "parity-wasm 0.42.2",
  "paste 1.0.4",
  "pretty_assertions",
  "pwasm-utils 0.16.0",
@@ -5765,6 +5765,12 @@ version = "0.41.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ddfc878dac00da22f8f61e7af3157988424567ab01d9920b962ef7dcbd7cd865"
 
+[[package]]
+name = "parity-wasm"
+version = "0.42.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "be5e13c266502aadf83426d87d81a0f5d1ef45b8027f5a471c360abfe4bfae92"
+
 [[package]]
 name = "parity-ws"
 version = "0.10.0"
@@ -7354,7 +7360,7 @@ dependencies = [
  "libsecp256k1",
  "log",
  "parity-scale-codec 2.0.1",
- "parity-wasm 0.41.0",
+ "parity-wasm 0.42.2",
  "parking_lot 0.11.1",
  "paste 1.0.4",
  "sc-executor-common",
@@ -7389,7 +7395,7 @@ version = "0.9.0"
 dependencies = [
  "derive_more",
  "parity-scale-codec 2.0.1",
- "parity-wasm 0.41.0",
+ "parity-wasm 0.42.2",
  "pwasm-utils 0.14.0",
  "sp-allocator",
  "sp-core",
@@ -7420,7 +7426,7 @@ dependencies = [
  "assert_matches",
  "log",
  "parity-scale-codec 2.0.1",
- "parity-wasm 0.41.0",
+ "parity-wasm 0.42.2",
  "pwasm-utils 0.14.0",
  "sc-executor-common",
  "scoped-tls",
diff --git a/client/executor/Cargo.toml b/client/executor/Cargo.toml
index f678029d06743..c334df5990563 100644
--- a/client/executor/Cargo.toml
+++ b/client/executor/Cargo.toml
@@ -24,7 +24,7 @@ sp-serializer = { version = "3.0.0", path = "../../primitives/serializer" }
 sp-version = { version = "3.0.0", path = "../../primitives/version" }
 sp-panic-handler = { version = "3.0.0", path = "../../primitives/panic-handler" }
 wasmi = "0.6.2"
-parity-wasm = "0.41.0"
+parity-wasm = "0.42.2"
 lazy_static = "1.4.0"
 sp-api = { version = "3.0.0", path = "../../primitives/api" }
 sp-wasm-interface = { version = "3.0.0", path = "../../primitives/wasm-interface" }
diff --git a/client/executor/common/Cargo.toml b/client/executor/common/Cargo.toml
index 95c090686e83b..faa94ed17e5d3 100644
--- a/client/executor/common/Cargo.toml
+++ b/client/executor/common/Cargo.toml
@@ -15,7 +15,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 
 [dependencies]
 derive_more = "0.99.2"
-parity-wasm = "0.41.0"
+parity-wasm = "0.42.2"
 pwasm-utils = "0.14.0"
 codec = { package = "parity-scale-codec", version = "2.0.0" }
 wasmi = "0.6.2"
diff --git a/client/executor/wasmtime/Cargo.toml b/client/executor/wasmtime/Cargo.toml
index b9f2dd1a9d92f..0295b580309d3 100644
--- a/client/executor/wasmtime/Cargo.toml
+++ b/client/executor/wasmtime/Cargo.toml
@@ -15,7 +15,7 @@ targets = ["x86_64-unknown-linux-gnu"]
 [dependencies]
 log = "0.4.8"
 scoped-tls = "1.0"
-parity-wasm = "0.41.0"
+parity-wasm = "0.42.2"
 codec = { package = "parity-scale-codec", version = "2.0.0" }
 sc-executor-common = { version = "0.9.0", path = "../common" }
 sp-wasm-interface = { version = "3.0.0", path = "../../../primitives/wasm-interface" }
diff --git a/frame/contracts/Cargo.toml b/frame/contracts/Cargo.toml
index 018a8a5df672e..0afaa6a4789eb 100644
--- a/frame/contracts/Cargo.toml
+++ b/frame/contracts/Cargo.toml
@@ -19,7 +19,7 @@ frame-support = { version = "3.0.0", default-features = false, path = "../suppor
 frame-system = { version = "3.0.0", default-features = false, path = "../system" }
 pallet-contracts-primitives = { version = "3.0.0", default-features = false, path = "common" }
 pallet-contracts-proc-macro = { version = "3.0.0", path = "proc-macro" }
-parity-wasm = { version = "0.41.0", default-features = false }
+parity-wasm = { version = "0.42.2", default-features = false }
 pwasm-utils = { version = "0.16", default-features = false }
 serde = { version = "1.0.101", optional = true, features = ["derive"] }
 sp-core = { version = "3.0.0", default-features = false, path = "../../primitives/core" }