diff --git a/ports/libsrt/fix-tool.patch b/ports/libsrt/fix-tool.patch
index 7a5bdaa085fdc2..b3b6079d1820f1 100644
--- a/ports/libsrt/fix-tool.patch
+++ b/ports/libsrt/fix-tool.patch
@@ -1,8 +1,8 @@
 diff --git a/CMakeLists.txt b/CMakeLists.txt
-index 7e8062a..2277e33 100644
+index 7ed11ef..794028a 100644
 --- a/CMakeLists.txt
 +++ b/CMakeLists.txt
-@@ -1300,11 +1300,13 @@ if (ENABLE_APPS)
+@@ -1384,11 +1384,13 @@ if (ENABLE_APPS)
  
  	# Applications
  
@@ -18,13 +18,13 @@ index 7e8062a..2277e33 100644
  
  	if (MINGW)
  		# FIXME: with MINGW, it fails to build apps that require C++11
-@@ -1313,7 +1315,8 @@ if (ENABLE_APPS)
+@@ -1397,7 +1399,8 @@ if (ENABLE_APPS)
  	else()
  		# srt-multiplex temporarily blocked
  		#srt_add_application(srt-multiplex ${VIRTUAL_srtsupport})
 -		srt_add_application(srt-tunnel ${VIRTUAL_srtsupport})
 +		srt_add_application(srt-tunnel ${VIRTUAL_srtsupport} ${VIRTUAL_srt})
 +		target_link_libraries(srt-tunnel ${SSL_LIBRARIES})
- 		target_compile_definitions(srt-tunnel PUBLIC -DSRT_ENABLE_VERBOSE_LOCK)
  	endif()
  
+ 	if (ENABLE_TESTING)
diff --git a/ports/libsrt/portfile.cmake b/ports/libsrt/portfile.cmake
index 2109919f3c0a03..f18827166ebd0c 100644
--- a/ports/libsrt/portfile.cmake
+++ b/ports/libsrt/portfile.cmake
@@ -2,7 +2,7 @@ vcpkg_from_github(
     OUT_SOURCE_PATH SOURCE_PATH
     REPO Haivision/srt
     REF "v${VERSION}"
-    SHA512 5b576d6fd325515e05074e4568e3b65d1ae265e3e971db6e6242e5138243fc1594df1e3a7d90962385dac38abc34c4c4b0a567439050f8c0ff818b3b3d497efc
+    SHA512 ec4e5923531a8a7fd7778c739cb52208d24a91c569f31f3995d6e0695dffd83492e5eca2530b2e112ca37f1fd4520061d89ef42d1ded95e2516a9acda009bcaf 
     HEAD_REF master
     PATCHES
         fix-static.patch
diff --git a/ports/libsrt/vcpkg.json b/ports/libsrt/vcpkg.json
index fa980bf75f2d5a..626fc2d5c32553 100644
--- a/ports/libsrt/vcpkg.json
+++ b/ports/libsrt/vcpkg.json
@@ -1,7 +1,6 @@
 {
   "name": "libsrt",
-  "version": "1.5.3",
-  "port-version": 3,
+  "version": "1.5.4",
   "description": "Secure Reliable Transport (SRT) is an open source transport technology that optimizes streaming performance across unpredictable networks, such as the Internet.",
   "homepage": "https://github.com/Haivision/srt",
   "license": "MPL-2.0",
diff --git a/versions/baseline.json b/versions/baseline.json
index 976cdf178e847e..00cb1505a14a0e 100644
--- a/versions/baseline.json
+++ b/versions/baseline.json
@@ -5137,8 +5137,8 @@
       "port-version": 14
     },
     "libsrt": {
-      "baseline": "1.5.3",
-      "port-version": 3
+      "baseline": "1.5.4",
+      "port-version": 0
     },
     "libsrtp": {
       "baseline": "2.5.0",
diff --git a/versions/l-/libsrt.json b/versions/l-/libsrt.json
index 6518529953c7ca..0b4bd55f4a9c8b 100644
--- a/versions/l-/libsrt.json
+++ b/versions/l-/libsrt.json
@@ -1,5 +1,10 @@
 {
   "versions": [
+    {
+      "git-tree": "7ce0f41466df0eacd6c8e69c951c8831ee34cb60",
+      "version": "1.5.4",
+      "port-version": 0
+    },
     {
       "git-tree": "d9f3ed628ea5aed328a62750b1af9c4d9685225d",
       "version": "1.5.3",