diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4508636a8c3..16334bd3c98 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -40,6 +40,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 * [\#404](https://github.com/cosmos/ibc-go/pull/404) Bump Go version to 1.17
 * [\#851](https://github.com/cosmos/ibc-go/pull/851) Bump SDK version to v0.45.1
+* [\#948](https://github.com/cosmos/ibc-go/pull/948) Bump ics23/go to v0.7
 * (core) [\#709](https://github.com/cosmos/ibc-go/pull/709) Replace github.com/pkg/errors with stdlib errors
 
 ### API Breaking
diff --git a/go.mod b/go.mod
index 639c5607ced..eb9dc1a9548 100644
--- a/go.mod
+++ b/go.mod
@@ -6,7 +6,7 @@ replace github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alp
 
 require (
 	github.com/armon/go-metrics v0.3.10
-	github.com/confio/ics23/go v0.6.6
+	github.com/confio/ics23/go v0.7.0
 	github.com/cosmos/cosmos-sdk v0.45.1
 	github.com/gogo/protobuf v1.3.3
 	github.com/golang/protobuf v1.5.2
diff --git a/go.sum b/go.sum
index 25a2e5dd4c4..9caa6a21997 100644
--- a/go.sum
+++ b/go.sum
@@ -184,8 +184,9 @@ github.com/cockroachdb/datadriven v0.0.0-20190809214429-80d97fb3cbaa/go.mod h1:z
 github.com/codahale/hdrhistogram v0.0.0-20161010025455-3a0bb77429bd/go.mod h1:sE/e/2PUdi/liOCUjSTXgM1o87ZssimdTWN964YiIeI=
 github.com/coinbase/rosetta-sdk-go v0.7.0 h1:lmTO/JEpCvZgpbkOITL95rA80CPKb5CtMzLaqF2mCNg=
 github.com/coinbase/rosetta-sdk-go v0.7.0/go.mod h1:7nD3oBPIiHqhRprqvMgPoGxe/nyq3yftRmpsy29coWE=
-github.com/confio/ics23/go v0.6.6 h1:pkOy18YxxJ/r0XFDCnrl4Bjv6h4LkBSpLS6F38mrKL8=
 github.com/confio/ics23/go v0.6.6/go.mod h1:E45NqnlpxGnpfTWL/xauN7MRwEE28T4Dd4uraToOaKg=
+github.com/confio/ics23/go v0.7.0 h1:00d2kukk7sPoHWL4zZBZwzxnpA2pec1NPdwbSokJ5w8=
+github.com/confio/ics23/go v0.7.0/go.mod h1:E45NqnlpxGnpfTWL/xauN7MRwEE28T4Dd4uraToOaKg=
 github.com/containerd/console v1.0.2/go.mod h1:ytZPjGgY2oeTkAONYafi2kSj0aYggsf8acV1PGKCbzQ=
 github.com/containerd/continuity v0.0.0-20190827140505-75bee3e2ccb6 h1:NmTXa/uVnDyp0TY5MKi197+3HWcnYWfnHGyaFthlnGw=
 github.com/containerd/continuity v0.0.0-20190827140505-75bee3e2ccb6/go.mod h1:GL3xCUCBDV3CZiTSEKksMWbLE66hEyuu9qyDOOqM47Y=