diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1fcbac5..c3e0f13 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -37,6 +37,10 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 
 ## Unreleased
 
+### Improvements
+
+* [#25](https://github.com/babylonlabs-io/covenant-emulator/pull/25) Bump Babylon to v0.15.0
+
 ## v0.6.0
 
 ### Improvements
diff --git a/go.mod b/go.mod
index 4c6d9ba..df136e3 100644
--- a/go.mod
+++ b/go.mod
@@ -8,7 +8,7 @@ require (
 	cosmossdk.io/errors v1.0.1
 	cosmossdk.io/math v1.3.0
 	github.com/avast/retry-go/v4 v4.5.1
-	github.com/babylonlabs-io/babylon v0.14.0
+	github.com/babylonlabs-io/babylon v0.15.0
 	github.com/btcsuite/btcd v0.24.2
 	github.com/btcsuite/btcd/btcec/v2 v2.3.2
 	github.com/btcsuite/btcd/btcutil v1.1.5
diff --git a/go.sum b/go.sum
index 7b2d559..c061c19 100644
--- a/go.sum
+++ b/go.sum
@@ -273,8 +273,8 @@ github.com/aws/aws-sdk-go v1.44.122/go.mod h1:y4AeaBuwd2Lk+GepC1E9v0qOiTws0MIWAX
 github.com/aws/aws-sdk-go v1.44.312 h1:llrElfzeqG/YOLFFKjg1xNpZCFJ2xraIi3PqSuP+95k=
 github.com/aws/aws-sdk-go v1.44.312/go.mod h1:aVsgQcEevwlmQ7qHE9I3h+dtQgpqhFB+i8Phjh7fkwI=
 github.com/aws/aws-sdk-go-v2 v0.18.0/go.mod h1:JWVYvqSMppoMJC0x5wdwiImzgXTI9FuZwxzkQq9wy+g=
-github.com/babylonlabs-io/babylon v0.14.0 h1:JyqkRD+vk4voapWU05pgi26SCNsNT00BmE9seheTDe0=
-github.com/babylonlabs-io/babylon v0.14.0/go.mod h1:xaxDB8/sJWhqTw0BkmNzYtsOzIlpKAAnmXg8xJRbCjk=
+github.com/babylonlabs-io/babylon v0.15.0 h1:8XRqbfUn8aMud3RmUKvn4UDr+ZiIcxMzdbYW+voSZAg=
+github.com/babylonlabs-io/babylon v0.15.0/go.mod h1:xaxDB8/sJWhqTw0BkmNzYtsOzIlpKAAnmXg8xJRbCjk=
 github.com/benbjohnson/clock v1.1.0/go.mod h1:J11/hYXuz8f4ySSvYwY0FKfm+ezbsZBKZxNJlLklBHA=
 github.com/beorn7/perks v0.0.0-20180321164747-3a771d992973/go.mod h1:Dwedo/Wpr24TaqPxmxbtue+5NUziq4I4S80YR8gNf3Q=
 github.com/beorn7/perks v1.0.0/go.mod h1:KWe93zE9D1o94FZ5RNwFwVgaQK1VOXiVxmqh+CedLV8=
diff --git a/tools/go.mod b/tools/go.mod
index f225adc..5fcf331 100644
--- a/tools/go.mod
+++ b/tools/go.mod
@@ -4,7 +4,7 @@ go 1.21
 
 toolchain go1.21.4
 
-require github.com/babylonlabs-io/babylon v0.14.0
+require github.com/babylonlabs-io/babylon v0.15.0
 
 require (
 	cloud.google.com/go v0.112.1 // indirect
diff --git a/tools/go.sum b/tools/go.sum
index 178a22a..4aba71a 100644
--- a/tools/go.sum
+++ b/tools/go.sum
@@ -268,8 +268,8 @@ github.com/aws/aws-sdk-go v1.44.122/go.mod h1:y4AeaBuwd2Lk+GepC1E9v0qOiTws0MIWAX
 github.com/aws/aws-sdk-go v1.44.312 h1:llrElfzeqG/YOLFFKjg1xNpZCFJ2xraIi3PqSuP+95k=
 github.com/aws/aws-sdk-go v1.44.312/go.mod h1:aVsgQcEevwlmQ7qHE9I3h+dtQgpqhFB+i8Phjh7fkwI=
 github.com/aws/aws-sdk-go-v2 v0.18.0/go.mod h1:JWVYvqSMppoMJC0x5wdwiImzgXTI9FuZwxzkQq9wy+g=
-github.com/babylonlabs-io/babylon v0.14.0 h1:JyqkRD+vk4voapWU05pgi26SCNsNT00BmE9seheTDe0=
-github.com/babylonlabs-io/babylon v0.14.0/go.mod h1:xaxDB8/sJWhqTw0BkmNzYtsOzIlpKAAnmXg8xJRbCjk=
+github.com/babylonlabs-io/babylon v0.15.0 h1:8XRqbfUn8aMud3RmUKvn4UDr+ZiIcxMzdbYW+voSZAg=
+github.com/babylonlabs-io/babylon v0.15.0/go.mod h1:xaxDB8/sJWhqTw0BkmNzYtsOzIlpKAAnmXg8xJRbCjk=
 github.com/benbjohnson/clock v1.1.0/go.mod h1:J11/hYXuz8f4ySSvYwY0FKfm+ezbsZBKZxNJlLklBHA=
 github.com/beorn7/perks v0.0.0-20180321164747-3a771d992973/go.mod h1:Dwedo/Wpr24TaqPxmxbtue+5NUziq4I4S80YR8gNf3Q=
 github.com/beorn7/perks v1.0.0/go.mod h1:KWe93zE9D1o94FZ5RNwFwVgaQK1VOXiVxmqh+CedLV8=