diff --git a/Makefile.toml b/Makefile.toml
index 744c65c4db5..2801061f7d0 100644
--- a/Makefile.toml
+++ b/Makefile.toml
@@ -8,9 +8,9 @@ BUILDSYS_ROOT_DIR = "${CARGO_MAKE_WORKING_DIRECTORY}"
 # For binary installation, this should be a released version (prefixed with a v,
 # for example v0.1.0). For the git sourcecode installation method, this can be
 # any git rev, e.g. a tag, sha, or branch name.
-TWOLITER_VERSION = "v0.22.1"
-TWOLITER_SHA256_AARCH64 = "1c14d29c8306890ce7fce06448b5239f026c0644358a2c4b1527a1e67117bfbb"
-TWOLITER_SHA256_X86_64 = "5322462570aff496f1fe6af1815d415b754177e3313a13951ddfaa88d5a0ee89"
+TWOLITER_VERSION = "v0.23.0-rc1"
+TWOLITER_SHA256_AARCH64 = "ff21c0bb443258e194556d577873515c7e0da28db2f3c12e90d635d958d07852"
+TWOLITER_SHA256_X86_64 = "889626f130c0a26c6c164dcdc25431dfc7c204829affd8c78db22bb1cb6c73ac"
 
 # For binary installation, this is the GitHub repository that has binary release artifacts attached
 # to it, for example https://github.com/bottlerocket-os/twoliter. For git sourcecode installation,