diff --git a/.circleci/config.yml b/.circleci/config.yml
index 03d089f1dd..79ed2fd4ce 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -3,7 +3,7 @@ version: 2.1
 parameters:
   nightly-toolchain:
     type: string
-    default: "nightly-2021-04-24"
+    default: "nightly-2022-03-09"
 
 executors:
   default:
diff --git a/rust-toolchain b/rust-toolchain
index b7921ae87b..3ebf789f5a 100644
--- a/rust-toolchain
+++ b/rust-toolchain
@@ -1 +1 @@
-1.54.0
+1.56.0