diff --git a/app/scripts/background.js b/app/scripts/background.js
index af9fbed2f..bba1acc4e 100644
--- a/app/scripts/background.js
+++ b/app/scripts/background.js
@@ -16,8 +16,7 @@ import pump from 'pump'
 import debounce from 'debounce-stream'
 import log from 'loglevel'
 import extension from 'extensionizer'
-import storeTransform from 'obs-store/lib/transform'
-import asStream from 'obs-store/lib/asStream'
+import { storeAsStream, storeTransformStream } from '@metamask/obs-store'
 import PortStream from 'extension-port-stream'
 import { captureException } from '@sentry/browser'
 import migrations from './migrations'
@@ -250,9 +249,9 @@ function setupController(initState, initLangCode) {
 
   // setup state persistence
   pump(
-    asStream(controller.store),
+    storeAsStream(controller.store),
     debounce(1000),
-    storeTransform(versionifyData),
+    storeTransformStream(versionifyData),
     createStreamSink(persistData),
     (error) => {
       log.error('MetaMask - Persistence pipeline failed', error)
diff --git a/app/scripts/controllers/alert.js b/app/scripts/controllers/alert.js
index 4dc215f35..a58276d88 100644
--- a/app/scripts/controllers/alert.js
+++ b/app/scripts/controllers/alert.js
@@ -1,4 +1,4 @@
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import {
   TOGGLEABLE_ALERT_TYPES,
   WEB3_SHIM_USAGE_ALERT_STATES,
diff --git a/app/scripts/controllers/app-state.js b/app/scripts/controllers/app-state.js
index 738a0ef85..207ce96e4 100644
--- a/app/scripts/controllers/app-state.js
+++ b/app/scripts/controllers/app-state.js
@@ -1,5 +1,5 @@
 import EventEmitter from 'events'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 
 export default class AppStateController extends EventEmitter {
   /**
diff --git a/app/scripts/controllers/cached-balances.js b/app/scripts/controllers/cached-balances.js
index 6e7e4eace..16ef40e88 100644
--- a/app/scripts/controllers/cached-balances.js
+++ b/app/scripts/controllers/cached-balances.js
@@ -1,4 +1,4 @@
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 
 /**
  * @typedef {Object} CachedBalancesOptions
diff --git a/app/scripts/controllers/ens/index.js b/app/scripts/controllers/ens/index.js
index 766aeeb88..08647b12f 100644
--- a/app/scripts/controllers/ens/index.js
+++ b/app/scripts/controllers/ens/index.js
@@ -1,6 +1,6 @@
 import punycode from 'punycode/punycode'
 import ethUtil from 'ethereumjs-util'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import log from 'loglevel'
 import Ens from './ens'
 
diff --git a/app/scripts/controllers/incoming-transactions.js b/app/scripts/controllers/incoming-transactions.js
index 3cb942826..58a059dd2 100644
--- a/app/scripts/controllers/incoming-transactions.js
+++ b/app/scripts/controllers/incoming-transactions.js
@@ -1,4 +1,4 @@
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import log from 'loglevel'
 import BN from 'bn.js'
 import createId from '../lib/random-id'
diff --git a/app/scripts/controllers/metametrics.js b/app/scripts/controllers/metametrics.js
index 23e6dfcf2..c995ea491 100644
--- a/app/scripts/controllers/metametrics.js
+++ b/app/scripts/controllers/metametrics.js
@@ -1,5 +1,5 @@
 import { merge, omit } from 'lodash'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import { bufferToHex, sha3 } from 'ethereumjs-util'
 import { ENVIRONMENT_TYPE_BACKGROUND } from '../lib/enums'
 import {
diff --git a/app/scripts/controllers/network/network.js b/app/scripts/controllers/network/network.js
index 9dc605cf2..dc7b4a648 100644
--- a/app/scripts/controllers/network/network.js
+++ b/app/scripts/controllers/network/network.js
@@ -1,7 +1,6 @@
 import assert from 'assert'
 import EventEmitter from 'events'
-import ObservableStore from 'obs-store'
-import ComposedStore from 'obs-store/lib/composed'
+import { ComposedStore, ObservableStore } from '@metamask/obs-store'
 import { JsonRpcEngine } from 'json-rpc-engine'
 import providerFromEngine from 'eth-json-rpc-middleware/providerFromEngine'
 import log from 'loglevel'
diff --git a/app/scripts/controllers/onboarding.js b/app/scripts/controllers/onboarding.js
index 71424a1e4..011edbfc3 100644
--- a/app/scripts/controllers/onboarding.js
+++ b/app/scripts/controllers/onboarding.js
@@ -1,4 +1,4 @@
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import log from 'loglevel'
 
 /**
diff --git a/app/scripts/controllers/permissions/index.js b/app/scripts/controllers/permissions/index.js
index b9d4ddd47..c4ffd14fb 100644
--- a/app/scripts/controllers/permissions/index.js
+++ b/app/scripts/controllers/permissions/index.js
@@ -1,6 +1,6 @@
 import nanoid from 'nanoid'
 import { JsonRpcEngine } from 'json-rpc-engine'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import log from 'loglevel'
 import { CapabilitiesController as RpcCap } from 'rpc-cap'
 import { ethErrors } from 'eth-json-rpc-errors'
diff --git a/app/scripts/controllers/preferences.js b/app/scripts/controllers/preferences.js
index 12da861f6..7445be65b 100644
--- a/app/scripts/controllers/preferences.js
+++ b/app/scripts/controllers/preferences.js
@@ -1,5 +1,5 @@
 import { strict as assert } from 'assert'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import { ethErrors } from 'eth-json-rpc-errors'
 import { normalize as normalizeAddress } from 'eth-sig-util'
 import { isValidAddress } from 'ethereumjs-util'
diff --git a/app/scripts/controllers/swaps.js b/app/scripts/controllers/swaps.js
index e230b8d63..0f599bb07 100644
--- a/app/scripts/controllers/swaps.js
+++ b/app/scripts/controllers/swaps.js
@@ -1,7 +1,7 @@
 import { ethers } from 'ethers'
 import log from 'loglevel'
 import BigNumber from 'bignumber.js'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import { mapValues, cloneDeep } from 'lodash'
 import abi from 'human-standard-token-abi'
 import { calcTokenAmount } from '../../../ui/app/helpers/utils/token-util'
diff --git a/app/scripts/controllers/threebox.js b/app/scripts/controllers/threebox.js
index ec73e2651..d7503b589 100644
--- a/app/scripts/controllers/threebox.js
+++ b/app/scripts/controllers/threebox.js
@@ -1,4 +1,4 @@
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 
 /* eslint-disable import/first,import/order */
 const Box = process.env.IN_TEST
diff --git a/app/scripts/controllers/token-rates.js b/app/scripts/controllers/token-rates.js
index b943c540f..9011b1d01 100644
--- a/app/scripts/controllers/token-rates.js
+++ b/app/scripts/controllers/token-rates.js
@@ -1,4 +1,4 @@
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import log from 'loglevel'
 import { normalize as normalizeAddress } from 'eth-sig-util'
 import ethUtil from 'ethereumjs-util'
diff --git a/app/scripts/controllers/transactions/index.js b/app/scripts/controllers/transactions/index.js
index 4a4488fc1..670fce56f 100644
--- a/app/scripts/controllers/transactions/index.js
+++ b/app/scripts/controllers/transactions/index.js
@@ -1,5 +1,5 @@
 import EventEmitter from 'safe-event-emitter'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import ethUtil from 'ethereumjs-util'
 import Transaction from 'ethereumjs-tx'
 import EthQuery from 'ethjs-query'
diff --git a/app/scripts/controllers/transactions/tx-state-manager.js b/app/scripts/controllers/transactions/tx-state-manager.js
index 456a1db98..0c94bd270 100644
--- a/app/scripts/controllers/transactions/tx-state-manager.js
+++ b/app/scripts/controllers/transactions/tx-state-manager.js
@@ -1,5 +1,5 @@
 import EventEmitter from 'safe-event-emitter'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import log from 'loglevel'
 import createId from '../../lib/random-id'
 import { TRANSACTION_STATUSES } from '../../../../shared/constants/transaction'
diff --git a/app/scripts/lib/ComposableObservableStore.js b/app/scripts/lib/ComposableObservableStore.js
index a943b31b1..3661259bd 100644
--- a/app/scripts/lib/ComposableObservableStore.js
+++ b/app/scripts/lib/ComposableObservableStore.js
@@ -1,4 +1,4 @@
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 
 /**
  * An ObservableStore that can composes a flat
diff --git a/app/scripts/lib/account-tracker.js b/app/scripts/lib/account-tracker.js
index a22d56760..850c39291 100644
--- a/app/scripts/lib/account-tracker.js
+++ b/app/scripts/lib/account-tracker.js
@@ -9,7 +9,7 @@
 
 import EthQuery from 'eth-query'
 
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import log from 'loglevel'
 import pify from 'pify'
 import Web3 from 'web3'
diff --git a/app/scripts/lib/decrypt-message-manager.js b/app/scripts/lib/decrypt-message-manager.js
index dc73b80f8..fc8ce03ce 100644
--- a/app/scripts/lib/decrypt-message-manager.js
+++ b/app/scripts/lib/decrypt-message-manager.js
@@ -1,5 +1,5 @@
 import EventEmitter from 'events'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import ethUtil from 'ethereumjs-util'
 import { ethErrors } from 'eth-json-rpc-errors'
 import log from 'loglevel'
diff --git a/app/scripts/lib/encryption-public-key-manager.js b/app/scripts/lib/encryption-public-key-manager.js
index 5079c8be1..d563cae0b 100644
--- a/app/scripts/lib/encryption-public-key-manager.js
+++ b/app/scripts/lib/encryption-public-key-manager.js
@@ -1,5 +1,5 @@
 import EventEmitter from 'events'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import { ethErrors } from 'eth-json-rpc-errors'
 import log from 'loglevel'
 import createId from './random-id'
diff --git a/app/scripts/lib/message-manager.js b/app/scripts/lib/message-manager.js
index 6f6a208e2..872f97b0d 100644
--- a/app/scripts/lib/message-manager.js
+++ b/app/scripts/lib/message-manager.js
@@ -1,5 +1,5 @@
 import EventEmitter from 'events'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import ethUtil from 'ethereumjs-util'
 import { ethErrors } from 'eth-json-rpc-errors'
 import createId from './random-id'
diff --git a/app/scripts/lib/personal-message-manager.js b/app/scripts/lib/personal-message-manager.js
index 4e8b66de7..52d20588f 100644
--- a/app/scripts/lib/personal-message-manager.js
+++ b/app/scripts/lib/personal-message-manager.js
@@ -1,5 +1,5 @@
 import EventEmitter from 'events'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import ethUtil from 'ethereumjs-util'
 import { ethErrors } from 'eth-json-rpc-errors'
 import log from 'loglevel'
diff --git a/app/scripts/lib/typed-message-manager.js b/app/scripts/lib/typed-message-manager.js
index c4f5fd54a..6bcfe846b 100644
--- a/app/scripts/lib/typed-message-manager.js
+++ b/app/scripts/lib/typed-message-manager.js
@@ -1,6 +1,6 @@
 import EventEmitter from 'events'
 import assert from 'assert'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import { ethErrors } from 'eth-json-rpc-errors'
 import { typedSignatureHash, TYPED_MESSAGE_SCHEMA } from 'eth-sig-util'
 import { isValidAddress } from 'ethereumjs-util'
diff --git a/package.json b/package.json
index 540e0d262..0642a8909 100644
--- a/package.json
+++ b/package.json
@@ -83,6 +83,7 @@
     "@metamask/inpage-provider": "^8.0.1",
     "@metamask/jazzicon": "^2.0.0",
     "@metamask/logo": "^2.5.0",
+    "@metamask/obs-store": "^5.0.0",
     "@popperjs/core": "^2.4.0",
     "@reduxjs/toolkit": "^1.3.2",
     "@sentry/browser": "^5.26.0",
@@ -140,7 +141,6 @@
     "nanoid": "^2.1.6",
     "nonce-tracker": "^1.0.0",
     "obj-multiplex": "^1.0.0",
-    "obs-store": "^4.0.3",
     "pify": "^5.0.0",
     "post-message-stream": "^3.0.0",
     "promise-to-callback": "^1.0.0",
diff --git a/test/unit/app/ComposableObservableStore.js b/test/unit/app/ComposableObservableStore.js
index 961be1dc0..205e0a59b 100644
--- a/test/unit/app/ComposableObservableStore.js
+++ b/test/unit/app/ComposableObservableStore.js
@@ -1,5 +1,5 @@
 import assert from 'assert'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import ComposableObservableStore from '../../../app/scripts/lib/ComposableObservableStore'
 
 describe('ComposableObservableStore', function () {
diff --git a/test/unit/app/controllers/detect-tokens-test.js b/test/unit/app/controllers/detect-tokens-test.js
index d54c55154..b7ab22ed6 100644
--- a/test/unit/app/controllers/detect-tokens-test.js
+++ b/test/unit/app/controllers/detect-tokens-test.js
@@ -1,6 +1,6 @@
 import assert from 'assert'
 import sinon from 'sinon'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import contracts from '@metamask/contract-metadata'
 import BigNumber from 'bignumber.js'
 
diff --git a/test/unit/app/controllers/ens-controller-test.js b/test/unit/app/controllers/ens-controller-test.js
index 0fbaf33ac..dd116e69f 100644
--- a/test/unit/app/controllers/ens-controller-test.js
+++ b/test/unit/app/controllers/ens-controller-test.js
@@ -1,6 +1,6 @@
 import assert from 'assert'
 import sinon from 'sinon'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import EnsController from '../../../../app/scripts/controllers/ens'
 
 const ZERO_ADDRESS = '0x0000000000000000000000000000000000000000'
diff --git a/test/unit/app/controllers/permissions/permissions-log-controller-test.js b/test/unit/app/controllers/permissions/permissions-log-controller-test.js
index 101f898b9..d98db8453 100644
--- a/test/unit/app/controllers/permissions/permissions-log-controller-test.js
+++ b/test/unit/app/controllers/permissions/permissions-log-controller-test.js
@@ -1,5 +1,5 @@
 import { strict as assert } from 'assert'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import nanoid from 'nanoid'
 import { useFakeTimers } from 'sinon'
 
diff --git a/test/unit/app/controllers/preferences-controller-test.js b/test/unit/app/controllers/preferences-controller-test.js
index 6a831c3e7..065d35782 100644
--- a/test/unit/app/controllers/preferences-controller-test.js
+++ b/test/unit/app/controllers/preferences-controller-test.js
@@ -1,5 +1,5 @@
 import assert from 'assert'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import sinon from 'sinon'
 import PreferencesController from '../../../../app/scripts/controllers/preferences'
 
diff --git a/test/unit/app/controllers/swaps-test.js b/test/unit/app/controllers/swaps-test.js
index 6aa3e0476..38f948088 100644
--- a/test/unit/app/controllers/swaps-test.js
+++ b/test/unit/app/controllers/swaps-test.js
@@ -4,7 +4,7 @@ import sinon from 'sinon'
 import { ethers } from 'ethers'
 import { mapValues } from 'lodash'
 import BigNumber from 'bignumber.js'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import {
   ROPSTEN_NETWORK_ID,
   MAINNET_NETWORK_ID,
diff --git a/test/unit/app/controllers/token-rates-controller.js b/test/unit/app/controllers/token-rates-controller.js
index 1f342abe5..58e0009a1 100644
--- a/test/unit/app/controllers/token-rates-controller.js
+++ b/test/unit/app/controllers/token-rates-controller.js
@@ -1,6 +1,6 @@
 import assert from 'assert'
 import sinon from 'sinon'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import TokenRatesController from '../../../../app/scripts/controllers/token-rates'
 
 describe('TokenRatesController', function () {
diff --git a/test/unit/app/controllers/transactions/tx-controller-test.js b/test/unit/app/controllers/transactions/tx-controller-test.js
index 0e39f791d..e37c44a47 100644
--- a/test/unit/app/controllers/transactions/tx-controller-test.js
+++ b/test/unit/app/controllers/transactions/tx-controller-test.js
@@ -2,7 +2,7 @@ import { strict as assert } from 'assert'
 import EventEmitter from 'events'
 import ethUtil from 'ethereumjs-util'
 import EthTx from 'ethereumjs-tx'
-import ObservableStore from 'obs-store'
+import { ObservableStore } from '@metamask/obs-store'
 import sinon from 'sinon'
 import TransactionController from '../../../../../app/scripts/controllers/transactions'
 
diff --git a/yarn.lock b/yarn.lock
index f469feb97..0cff65506 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2145,6 +2145,15 @@
     gl-mat4 "1.1.4"
     gl-vec3 "1.0.3"
 
+"@metamask/obs-store@^5.0.0":
+  version "5.0.0"
+  resolved "https://registry.yarnpkg.com/@metamask/obs-store/-/obs-store-5.0.0.tgz#cf2213874c62186a8a4c80f0c402af62a0a877a9"
+  integrity sha512-9Az33hULCDVUVpBzNAdjPPgNTfs6paC38LYZv4xazt03mJt4jwWFFTP79TtF4grXfiAtUs/UZOktW4Vp+r37rw==
+  dependencies:
+    "@metamask/safe-event-emitter" "^2.0.0"
+    readable-stream "^2.2.2"
+    through2 "^2.0.3"
+
 "@metamask/safe-event-emitter@^2.0.0":
   version "2.0.0"
   resolved "https://registry.yarnpkg.com/@metamask/safe-event-emitter/-/safe-event-emitter-2.0.0.tgz#af577b477c683fad17c619a78208cede06f9605c"