diff --git a/Package.swift b/Package.swift
index cd9d94b1..5bf1b5ff 100644
--- a/Package.swift
+++ b/Package.swift
@@ -15,8 +15,8 @@ let package = Package(
     targets: [
         .binaryTarget(
             name: "TwilioVideo",
-            url: "https://github.com/twilio/twilio-video-ios/releases/download/5.3.0/TwilioVideo.xcframework.zip",
-            checksum: "128e56119ce21d799777342eeedead6d73e52ae6d50ed8c57aadc9c353b76473"
-        )
+            url: "https://github.com/twilio/twilio-video-ios/releases/download/5.4.0/TwilioVideo.xcframework.zip",
+            checksum: "2b773f6fa7074d175c9557ce7763ce75938a9f3abddd05bedf742049e3ab86d7"
+        ),
     ]
 )
diff --git a/README.md b/README.md
index aa8871ec..10ab9850 100644
--- a/README.md
+++ b/README.md
@@ -29,7 +29,7 @@ source 'https://github.com/CocoaPods/Specs'
 platform :ios, '12.2'
 
 target 'TARGET_NAME' do
-    pod 'TwilioVideo', '~> 5.3'
+    pod 'TwilioVideo', '~> 5.4'
 end
 ```