diff --git a/charts/galoy-deps/Chart.lock b/charts/galoy-deps/Chart.lock
index 4e9f99db17..69f0d00b30 100644
--- a/charts/galoy-deps/Chart.lock
+++ b/charts/galoy-deps/Chart.lock
@@ -1,7 +1,7 @@
 dependencies:
 - name: cert-manager
   repository: https://charts.jetstack.io
-  version: v1.14.3
+  version: v1.16.3
 - name: ingress-nginx
   repository: https://kubernetes.github.io/ingress-nginx
   version: 4.7.1
@@ -14,5 +14,5 @@ dependencies:
 - name: opentelemetry-collector
   repository: https://open-telemetry.github.io/opentelemetry-helm-charts
   version: 0.108.0
-digest: sha256:e2b4306eac185d9ee0827e570187a6b88e07ab4454d75153b84d2298d5379393
-generated: "2024-10-04T19:59:12.231527006Z"
+digest: sha256:47b3a0e114ae87ec5373e1418b1c429062e3487d4c2ae23e094151d294502275
+generated: "2025-01-16T17:32:24.057329508Z"
diff --git a/charts/galoy-deps/Chart.yaml b/charts/galoy-deps/Chart.yaml
index 092c9c50fa..08e4e604e7 100644
--- a/charts/galoy-deps/Chart.yaml
+++ b/charts/galoy-deps/Chart.yaml
@@ -22,7 +22,7 @@ appVersion: "0.1.0"
 dependencies:
   - name: "cert-manager"
     repository: "https://charts.jetstack.io"
-    version: v1.14.3
+    version: v1.16.3
     condition: cert-manager.enabled
   - name: "ingress-nginx"
     repository: "https://kubernetes.github.io/ingress-nginx"