diff --git a/.github/config.env b/.github/config.env
index ef5c7056f..b6f995aac 100644
--- a/.github/config.env
+++ b/.github/config.env
@@ -1,4 +1,4 @@
 JAVA_VERSION=17
 JAVA_DISTRIBUTION=temurin
 MAVEN_VERSION=3.9.9
-HAZELCAST_VERSION=5.3.0
\ No newline at end of file
+HAZELCAST_VERSION=5.4.0
\ No newline at end of file
diff --git a/scripts/start-rc.bat b/scripts/start-rc.bat
index 4a2b7565f..aad19abfe 100755
--- a/scripts/start-rc.bat
+++ b/scripts/start-rc.bat
@@ -2,7 +2,7 @@
 setlocal EnableDelayedExpansion
 
 if "%HZ_VERSION%"=="" (
-    set HZ_VERSION=5.3.0
+    set HZ_VERSION=5.4.0
 )
 set HAZELCAST_TEST_VERSION=%HZ_VERSION%
 set HAZELCAST_ENTERPRISE_VERSION=%HZ_VERSION%
diff --git a/scripts/start-rc.sh b/scripts/start-rc.sh
index 822c66c2f..d6378d524 100755
--- a/scripts/start-rc.sh
+++ b/scripts/start-rc.sh
@@ -34,7 +34,7 @@ set +x
 
 trap cleanup EXIT
 
-HZ_VERSION=${HZ_VERSION:-5.3.0}
+HZ_VERSION=${HZ_VERSION:-5.4.0}
 HAZELCAST_TEST_VERSION=${HZ_VERSION}
 HAZELCAST_ENTERPRISE_VERSION=${HZ_VERSION}
 HAZELCAST_RC_VERSION=0.8-SNAPSHOT