diff --git a/packages/addons/tools/mono/changelog.txt b/packages/addons/tools/mono/changelog.txt
index eed64fca51..42cdaac44c 100644
--- a/packages/addons/tools/mono/changelog.txt
+++ b/packages/addons/tools/mono/changelog.txt
@@ -1,3 +1,6 @@
+108
+- Update to 5.4.0.201
+
 107
 - Update to 5.2.0.224
 
diff --git a/packages/addons/tools/mono/package.mk b/packages/addons/tools/mono/package.mk
index f5ed586e20..60bf409bcd 100644
--- a/packages/addons/tools/mono/package.mk
+++ b/packages/addons/tools/mono/package.mk
@@ -17,9 +17,9 @@
 ################################################################################
 
 PKG_NAME="mono"
-PKG_VERSION="5.2.0.224"
-PKG_SHA256="03b8e463032bc425673dec844b35b4c669f5b99b0e45521195efb3741a9f5e94"
-PKG_REV="107"
+PKG_VERSION="5.4.0.201"
+PKG_SHA256="2a2f5c2a214a9980c086ac7561a5dd106f13d823a630de218eabafe1d995c5b4"
+PKG_REV="108"
 PKG_ARCH="any"
 PKG_LICENSE="MIT"
 PKG_SITE="http://www.mono-project.com"