diff --git a/charts/enterprise/velero/Chart.yaml b/charts/enterprise/velero/Chart.yaml
index 4811c39f1a0..778fe3a6f55 100644
--- a/charts/enterprise/velero/Chart.yaml
+++ b/charts/enterprise/velero/Chart.yaml
@@ -17,8 +17,8 @@ dependencies:
     tags: []
     import-values: []
   - name: velero
-    version: 5.3.0
-    repository: https://vmware-tanzu.github.io/helm-charts
+    version: 5.4.1
+    repository: oci://ghcr.io/vmware-tanzu/charts/velero
     condition: ""
     alias: velero
     tags: []