diff --git a/BDKSwiftExampleWallet.xcodeproj/project.pbxproj b/BDKSwiftExampleWallet.xcodeproj/project.pbxproj
index 6e5a7fc6..ae5b5ecb 100644
--- a/BDKSwiftExampleWallet.xcodeproj/project.pbxproj
+++ b/BDKSwiftExampleWallet.xcodeproj/project.pbxproj
@@ -1075,7 +1075,7 @@
 			repositoryURL = "https://github.com/bitcoindevkit/bdk-swift.git";
 			requirement = {
 				kind = exactVersion;
-				version = 3.1.0;
+				version = 3.1.1;
 			};
 		};
 		AF77B2222F4B2C9E00000002 /* XCRemoteSwiftPackageReference "CodeScanner" */ = {
diff --git a/README.md b/README.md
index 0d746eb3..4ddaaf63 100644
--- a/README.md
+++ b/README.md
@@ -14,7 +14,7 @@ Download the app on [TestFlight](https://testflight.apple.com/join/A3nAuYvZ).
 
 *Note: Xcode 26 preferred because `BDK Swift Example Wallet` App Icon built with the new [Icon Composer](https://developer.apple.com/icon-composer/).
 
-The `main` branch of BDK Swift Example Wallet uses [bdk-swift](https://github.com/bitcoindevkit/bdk-swift) 3.1.0.
+The `main` branch of BDK Swift Example Wallet uses [bdk-swift](https://github.com/bitcoindevkit/bdk-swift) 3.1.1.
 
 Watch how to build a simple bitcoin iOS wallet with BDK on [YouTube](https://www.youtube.com/watch?v=M9AYugUF5uQ).