diff --git a/package-lock.json b/package-lock.json
index d712f7f3..5b626925 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -9,7 +9,7 @@
             "version": "0.0.0-development",
             "dependencies": {
                 "@deriv-com/quill-tokens": "^2.0.10",
-                "@deriv/quill-icons": "^1.22.10",
+                "@deriv/quill-icons": "^1.23.12",
                 "@headlessui/react": "1.7.18",
                 "dayjs": "^1.11.11",
                 "react-calendar": "^5.0.0",
@@ -2739,9 +2739,9 @@
             }
         },
         "node_modules/@deriv/quill-icons": {
-            "version": "1.23.5",
-            "resolved": "https://registry.npmjs.org/@deriv/quill-icons/-/quill-icons-1.23.5.tgz",
-            "integrity": "sha512-YYLINwk1sbErnCc8Qq2dcCTKDRAbs5efB/Xh5jIw5CF9e0SF7G+7YLKWpmmkcTh4Z/KCySzRePWJilYSAwngMw==",
+            "version": "1.23.12",
+            "resolved": "https://registry.npmjs.org/@deriv/quill-icons/-/quill-icons-1.23.12.tgz",
+            "integrity": "sha512-A0OT5PBGwR2FSGA+tq4OmxG8oME3L6uYH8VGdl52WKn7Dnsyttv3LCyM+KejJPOPTkg6k30OGYyIhJGU+7zE5g==",
             "peerDependencies": {
                 "react": ">= 16",
                 "react-dom": ">= 16"
diff --git a/package.json b/package.json
index 9529ed7a..b49fa968 100644
--- a/package.json
+++ b/package.json
@@ -148,7 +148,7 @@
     },
     "dependencies": {
         "@deriv-com/quill-tokens": "^2.0.10",
-        "@deriv/quill-icons": "^1.22.10",
+        "@deriv/quill-icons": "^1.23.12",
         "@headlessui/react": "1.7.18",
         "dayjs": "^1.11.11",
         "react-calendar": "^5.0.0",