diff --git a/packages/assets-controllers/package.json b/packages/assets-controllers/package.json
index 64744f93d4f..2cd60a7829d 100644
--- a/packages/assets-controllers/package.json
+++ b/packages/assets-controllers/package.json
@@ -34,7 +34,7 @@
     "@ethersproject/contracts": "^5.7.0",
     "@ethersproject/providers": "^5.7.0",
     "@metamask/base-controller": "workspace:^",
-    "@metamask/contract-metadata": "^1.35.0",
+    "@metamask/contract-metadata": "^2.1.0",
     "@metamask/controller-utils": "workspace:^",
     "@metamask/metamask-eth-abis": "3.0.0",
     "@metamask/network-controller": "workspace:^",
diff --git a/yarn.lock b/yarn.lock
index 8c924340bf3..0505daaf32c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1408,7 +1408,7 @@ __metadata:
     "@ethersproject/providers": ^5.7.0
     "@metamask/auto-changelog": ^3.1.0
     "@metamask/base-controller": "workspace:^"
-    "@metamask/contract-metadata": ^1.35.0
+    "@metamask/contract-metadata": ^2.1.0
     "@metamask/controller-utils": "workspace:^"
     "@metamask/metamask-eth-abis": 3.0.0
     "@metamask/network-controller": "workspace:^"
@@ -1509,10 +1509,10 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@metamask/contract-metadata@npm:^1.35.0":
-  version: 1.35.0
-  resolution: "@metamask/contract-metadata@npm:1.35.0"
-  checksum: d2bbb8bff2e2ebd4104512dbf4b2900fffd1f03125673b0d3ac58dac0e3b324402fec7170229dfdb601635d6d7074e0755f139149b3dc8640ee4703c17eb2383
+"@metamask/contract-metadata@npm:^2.1.0":
+  version: 2.1.0
+  resolution: "@metamask/contract-metadata@npm:2.1.0"
+  checksum: eebe2fb7c16c0f585f08e0de446efe5c7866316e3f663b409691aaf69333deead53fcc9f3f0a67db7d0d84309dc52a620512c441b5d020ad08baf2fed7ed773f
   languageName: node
   linkType: hard