diff --git a/Cargo.toml b/Cargo.toml
index a1c2157af..08397b865 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -29,9 +29,9 @@ exclude = ["bindings/wasm/identity_wasm", "bindings/grpc"]
 
 [workspace.dependencies]
 bls12_381_plus = { version = "0.8.17" }
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction" }
-iota_interaction_ts = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction_ts" }
-product_common = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "product_common" }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction" }
+iota_interaction_ts = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction_ts" }
+product_common = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "product_common" }
 serde = { version = "1.0", default-features = false, features = ["alloc", "derive"] }
 serde_json = { version = "1.0", default-features = false }
 strum = { version = "0.25", default-features = false, features = ["std", "derive"] }
diff --git a/bindings/grpc/Cargo.toml b/bindings/grpc/Cargo.toml
index e5bbeea12..3eefb32bf 100644
--- a/bindings/grpc/Cargo.toml
+++ b/bindings/grpc/Cargo.toml
@@ -24,7 +24,7 @@ identity_iota = { path = "../../identity_iota", features = ["resolver", "sd-jwt"
 identity_jose = { path = "../../identity_jose" }
 identity_storage = { path = "../../identity_storage", features = ["memstore"] }
 identity_stronghold = { path = "../../identity_stronghold", features = ["send-sync-storage"] }
-iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v0.12.0-rc" }
+iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v1.2.3" }
 iota-sdk-legacy = { package = "iota-sdk", version = "1.1.2", features = ["stronghold"] }
 prost = "0.13"
 rand = "0.8.5"
diff --git a/bindings/wasm/identity_wasm/Cargo.toml b/bindings/wasm/identity_wasm/Cargo.toml
index 09e562541..0da0fc1ae 100644
--- a/bindings/wasm/identity_wasm/Cargo.toml
+++ b/bindings/wasm/identity_wasm/Cargo.toml
@@ -25,12 +25,12 @@ identity_ecdsa_verifier = { path = "../../../identity_ecdsa_verifier", default-f
 identity_eddsa_verifier = { path = "../../../identity_eddsa_verifier", default-features = false, features = ["ed25519"] }
 # Remove iota-sdk dependency while working on issue #1445
 iota-sdk = { version = "1.1.5", default-features = false, features = ["serde", "std"] }
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction", default-features = false }
-iota_interaction_ts = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction_ts" }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction", default-features = false }
+iota_interaction_ts = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction_ts" }
 js-sys = { version = "0.3.61" }
 json-proof-token = "0.3.4"
 proc_typescript = { version = "0.1.0", path = "./proc_typescript" }
-product_common = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "product_common", features = ["core-client", "transaction", "bindings"] }
+product_common = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "product_common", features = ["core-client", "transaction", "bindings"] }
 secret-storage = { git = "https://github.com/iotaledger/secret-storage.git", default-features = false, tag = "v0.3.0" }
 serde = { version = "1.0", features = ["derive"] }
 serde-wasm-bindgen = "0.6.5"
diff --git a/examples/Cargo.toml b/examples/Cargo.toml
index 0277760bb..3838d28c5 100644
--- a/examples/Cargo.toml
+++ b/examples/Cargo.toml
@@ -10,10 +10,10 @@ anyhow = "1.0.62"
 identity_eddsa_verifier = { path = "../identity_eddsa_verifier", default-features = false, features = ["ed25519"] }
 identity_storage = { path = "../identity_storage" }
 identity_stronghold = { path = "../identity_stronghold", default-features = false, features = ["send-sync-storage"] }
-iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v0.12.0-rc" }
+iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v1.2.3" }
 iota-sdk-legacy = { package = "iota-sdk", version = "1.0", default-features = false, features = ["tls", "client", "stronghold"] }
 json-proof-token.workspace = true
-product_common = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "product_common", features = ["core-client", "transaction"] }
+product_common = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "product_common", features = ["core-client", "transaction"] }
 rand = "0.8.5"
 sd-jwt-payload = { version = "0.2.1", default-features = false, features = ["sha"] }
 secret-storage = { git = "https://github.com/iotaledger/secret-storage.git", tag = "v0.3.0" }
diff --git a/identity_iota/Cargo.toml b/identity_iota/Cargo.toml
index 63271f532..4627457c6 100644
--- a/identity_iota/Cargo.toml
+++ b/identity_iota/Cargo.toml
@@ -24,13 +24,13 @@ identity_verification = { version = "=1.6.0-beta", path = "../identity_verificat
 iota_interaction.workspace = true
 
 [target.'cfg(target_arch = "wasm32")'.dependencies]
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction", default-features = false }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction", default-features = false }
 
 [dev-dependencies]
 # required for doc test
 anyhow = "1.0.64"
 identity_iota = { version = "=1.6.0-beta", path = "./", features = ["memstore"] }
-iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v0.12.0-rc" }
+iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v1.2.3" }
 rand = "0.8.5"
 secret-storage = { git = "https://github.com/iotaledger/secret-storage.git", tag = "v0.3.0" }
 tokio = { version = "1.43", features = ["full"] }
diff --git a/identity_iota_core/Cargo.toml b/identity_iota_core/Cargo.toml
index 6542ef64e..14e95e542 100644
--- a/identity_iota_core/Cargo.toml
+++ b/identity_iota_core/Cargo.toml
@@ -24,7 +24,7 @@ num-derive = { version = "0.4", default-features = false }
 num-traits = { version = "0.2", default-features = false, features = ["std"] }
 once_cell = { version = "1.18", default-features = false, features = ["std"] }
 prefix-hex = { version = "0.7", default-features = false }
-product_common = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "product_common", default-features = false }
+product_common = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "product_common", default-features = false }
 ref-cast = { version = "1.0.14", default-features = false }
 serde.workspace = true
 serde_json.workspace = true
@@ -46,16 +46,16 @@ serde-aux = { version = "4.5.0", optional = true }
 toml = "0.8.22"
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
-iota-config = { git = "https://github.com/iotaledger/iota.git", package = "iota-config", tag = "v0.12.0-rc", optional = true }
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction", optional = true }
-iota_interaction_rust = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction_rust", optional = true }
-iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v0.12.0-rc", optional = true }
-move-core-types = { git = "https://github.com/iotaledger/iota.git", package = "move-core-types", tag = "v0.12.0-rc", optional = true }
-shared-crypto = { git = "https://github.com/iotaledger/iota.git", package = "shared-crypto", tag = "v0.12.0-rc", optional = true }
+iota-config = { git = "https://github.com/iotaledger/iota.git", package = "iota-config", tag = "v1.2.3", optional = true }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction", optional = true }
+iota_interaction_rust = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction_rust", optional = true }
+iota-sdk = { git = "https://github.com/iotaledger/iota.git", package = "iota-sdk", tag = "v1.2.3", optional = true }
+move-core-types = { git = "https://github.com/iotaledger/iota.git", package = "move-core-types", tag = "v1.2.3", optional = true }
+shared-crypto = { git = "https://github.com/iotaledger/iota.git", package = "shared-crypto", tag = "v1.2.3", optional = true }
 tokio = { version = "1.43", default-features = false, features = ["macros", "sync", "rt", "process"] }
 
 [target.'cfg(target_arch = "wasm32")'.dependencies]
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction", default-features = false, optional = true }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction", default-features = false, optional = true }
 
 # Dependency iota_interaction_ts is always used on wasm32 platform. It is not controlled by the "iota-client" feature
 # because it's unclear how to implement this. wasm32 build will most probably always use the "iota-client" feature
diff --git a/identity_iota_core/packages/iota_identity/Move.toml b/identity_iota_core/packages/iota_identity/Move.toml
index 8a282766e..d3d6f46df 100644
--- a/identity_iota_core/packages/iota_identity/Move.toml
+++ b/identity_iota_core/packages/iota_identity/Move.toml
@@ -7,10 +7,13 @@ edition = "2024"
 
 [dependencies]
 # 'tag' keyword not supported here, therefore use rev instead
-# 'tag = "v0.12.0-rc"' equals 'rev = "7e49c58b826b34c8e2b61842ef13c8de35a0aee8"', which we use here
-MoveStdlib = { git = "https://github.com/iotaledger/iota.git", subdir = "crates/iota-framework/packages/move-stdlib", rev = "7e49c58b826b34c8e2b61842ef13c8de35a0aee8" }
-Iota = { git = "https://github.com/iotaledger/iota.git", subdir = "crates/iota-framework/packages/iota-framework", rev = "7e49c58b826b34c8e2b61842ef13c8de35a0aee8" }
-Stardust = { git = "https://github.com/iotaledger/iota.git", subdir = "crates/iota-framework/packages/stardust", rev = "7e49c58b826b34c8e2b61842ef13c8de35a0aee8" }
+
+# 'tag = "v1.2.3"' equals 'rev = "d9dbd00f5601f20f9d0d8381fc674f70869c7910"', which we use here
+# Version-Tag-History:
+# * v0.12.0-rc - "7e49c58b826b34c8e2b61842ef13c8de35a0aee8"
+MoveStdlib = { git = "https://github.com/iotaledger/iota.git", subdir = "crates/iota-framework/packages/move-stdlib", rev = "d9dbd00f5601f20f9d0d8381fc674f70869c7910" }
+Iota = { git = "https://github.com/iotaledger/iota.git", subdir = "crates/iota-framework/packages/iota-framework", rev = "d9dbd00f5601f20f9d0d8381fc674f70869c7910" }
+Stardust = { git = "https://github.com/iotaledger/iota.git", subdir = "crates/iota-framework/packages/stardust", rev = "d9dbd00f5601f20f9d0d8381fc674f70869c7910" }
 
 [addresses]
 iota_identity = "0x0"
diff --git a/identity_jose/Cargo.toml b/identity_jose/Cargo.toml
index ecb0a41ba..df8958976 100644
--- a/identity_jose/Cargo.toml
+++ b/identity_jose/Cargo.toml
@@ -25,10 +25,10 @@ thiserror.workspace = true
 zeroize = { version = "1.6", default-features = false, features = ["std", "zeroize_derive"] }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction" }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction" }
 
 [target.'cfg(target_arch = "wasm32")'.dependencies]
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction", default-features = false }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction", default-features = false }
 
 [dev-dependencies]
 iota-crypto = { version = "0.23", features = ["ed25519", "random", "hmac"] }
diff --git a/identity_storage/Cargo.toml b/identity_storage/Cargo.toml
index f381f1869..99cfc4c52 100644
--- a/identity_storage/Cargo.toml
+++ b/identity_storage/Cargo.toml
@@ -37,17 +37,17 @@ tokio = { version = "1.43", default-features = false, features = ["macros", "syn
 zkryptium = { workspace = true, optional = true }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dependencies]
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction", optional = true }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction", optional = true }
 
 [target.'cfg(target_arch = "wasm32")'.dependencies]
-iota_interaction = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "iota_interaction", default-features = false, optional = true }
+iota_interaction = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "iota_interaction", default-features = false, optional = true }
 
 [dev-dependencies]
 identity_credential = { version = "=1.6.0-beta", path = "../identity_credential", features = ["revocation-bitmap"] }
 identity_ecdsa_verifier = { version = "=1.6.0-beta", path = "../identity_ecdsa_verifier", default-features = false, features = ["es256"] }
 identity_eddsa_verifier = { version = "=1.6.0-beta", path = "../identity_eddsa_verifier", default-features = false, features = ["ed25519"] }
 once_cell = { version = "1.18", default-features = false }
-product_common = { git = "https://github.com/iotaledger/product-core.git", tag = "v0.2.1", package = "product_common", default-features = false }
+product_common = { git = "https://github.com/iotaledger/product-core.git", branch = "chore/pin-iota-dependency-to-v1-2-3", package = "product_common", default-features = false }
 tokio = { version = "1.43", default-features = false, features = ["macros", "sync", "rt"] }
 
 [features]