diff --git a/hanami-model.gemspec b/hanami-model.gemspec
index b99d0037..8b7166d6 100644
--- a/hanami-model.gemspec
+++ b/hanami-model.gemspec
@@ -27,7 +27,7 @@ Gem::Specification.new do |spec|
   spec.add_runtime_dependency "dry-types",       "~> 0.11.0"
   spec.add_runtime_dependency "dry-logic",       "~> 0.4.2", "< 0.5"
   spec.add_runtime_dependency "concurrent-ruby", "~> 1.0"
-  spec.add_runtime_dependency "bigdecimal",      "~> 1.4"
+  spec.add_runtime_dependency "bigdecimal",      "~> 3.1"
 
   spec.add_development_dependency "bundler", ">= 1.6", "< 3"
   spec.add_development_dependency "rake",  "~> 12"