diff --git a/tools-builder/toolchains/Cargo.lock b/tools-builder/toolchains/Cargo.lock
index 74f80ef4..7046ce83 100644
--- a/tools-builder/toolchains/Cargo.lock
+++ b/tools-builder/toolchains/Cargo.lock
@@ -405,7 +405,7 @@ dependencies = [
  "wasmparser 0.256.0",
  "wat",
  "wit-component",
- "wit-parser",
+ "wit-parser 0.256.0",
 ]
 
 [[package]]
@@ -448,14 +448,14 @@ dependencies = [
 
 [[package]]
 name = "wasm-metadata"
-version = "0.256.0"
+version = "0.257.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d6187f9fce741db43bea48f1ec42174897d763b8cdea7df726f2dd05561848d7"
+checksum = "57460ad9bce753e8a80d47a445cb87c8724ea57f463d9c906a947c41032ce1ac"
 dependencies = [
  "anyhow",
  "indexmap",
- "wasm-encoder 0.256.0",
- "wasmparser 0.256.0",
+ "wasm-encoder 0.257.1",
+ "wasmparser 0.257.1",
 ]
 
 [[package]]
@@ -478,6 +478,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d92fc335fb6d48f46bda1d8b26b69e28320c15ac3272208333833d6e217e2b4a"
 dependencies = [
  "bitflags",
+ "hashbrown",
  "indexmap",
  "semver",
 ]
@@ -521,9 +522,9 @@ dependencies = [
 
 [[package]]
 name = "wit-component"
-version = "0.256.0"
+version = "0.257.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c3d537ec182eed18f560184b870287cf443c4eccc315af178db3eae8811c3b6c"
+checksum = "2e8b7d04a4c9491ffea354923ed70c8826d52c699fe20a52e8ceca95017dddb8"
 dependencies = [
  "anyhow",
  "bitflags",
@@ -532,10 +533,10 @@ dependencies = [
  "serde",
  "serde_derive",
  "serde_json",
- "wasm-encoder 0.256.0",
+ "wasm-encoder 0.257.1",
  "wasm-metadata",
- "wasmparser 0.256.0",
- "wit-parser",
+ "wasmparser 0.257.1",
+ "wit-parser 0.257.1",
 ]
 
 [[package]]
@@ -557,6 +558,25 @@ dependencies = [
  "wasmparser 0.256.0",
 ]
 
+[[package]]
+name = "wit-parser"
+version = "0.257.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6f815340f0bb65d9775ae21e56b503b496683557b9b627b195d2766c25fb24ae"
+dependencies = [
+ "anyhow",
+ "hashbrown",
+ "id-arena",
+ "indexmap",
+ "log",
+ "semver",
+ "serde",
+ "serde_derive",
+ "serde_json",
+ "unicode-ident",
+ "wasmparser 0.257.1",
+]
+
 [[package]]
 name = "zmij"
 version = "1.0.21"
diff --git a/tools-builder/toolchains/Cargo.toml b/tools-builder/toolchains/Cargo.toml
index a4fe7db0..0b8e1b55 100644
--- a/tools-builder/toolchains/Cargo.toml
+++ b/tools-builder/toolchains/Cargo.toml
@@ -22,4 +22,4 @@ wat = "1.251"
 
 # Component model support
 wit-parser = "0.256"
-wit-component = "0.256"
+wit-component = "0.257"