diff --git a/build.gradle.kts b/build.gradle.kts
index edc538a..bc499d5 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -51,18 +51,18 @@ repositories {
 
 // Versions of plugins are now configured once in pluginManagement block in settings.gradle.kts.
 plugins {
-    kotlin("multiplatform")
-    id("io.gitlab.arturbosch.detekt")
-    id("org.jlleitschuh.gradle.ktlint")
-    id("com.github.ben-manes.versions")
-    id("com.android.library")
-    id("maven-publish")
-    id("co.touchlab.kmmbridge")
+    alias(libs.plugins.kotlinMultiplatform)
+    alias(libs.plugins.detektPlugin)
+    alias(libs.plugins.ktlinPlugin)
+    alias(libs.plugins.versionsPlugin)
+    alias(libs.plugins.androidLibrary)
+    `maven-publish`
+    alias(libs.plugins.kmmbridgePlugin)
 }
 
 dependencies {
-    detektPlugins("io.gitlab.arturbosch.detekt:detekt-cli:${properties["version.plugin.detekt"]}")
-    detektPlugins("io.gitlab.arturbosch.detekt:detekt-formatting:${properties["version.plugin.detekt"]}")
+    detektPlugins(libs.detektCliPlugin)
+    detektPlugins(libs.detektFormattingPlugin)
 }
 
 apply(plugin = "io.gitlab.arturbosch.detekt")
@@ -138,18 +138,9 @@ kotlin {
     sourceSets {
         val commonMain by getting {
             dependencies {
-                implementation(
-                    "co.touchlab:stately-concurrency:" +
-                        "${properties["version.stately.concurrency"]}",
-                )
-                implementation(
-                    "org.jetbrains.kotlinx:kotlinx-coroutines-core:" +
-                        "${properties["version.kotlin.coroutines"]}",
-                )
-                implementation(
-                    "org.jetbrains.kotlinx:kotlinx-datetime:" +
-                        "${properties["version.kotlin.datetime"]}",
-                )
+                implementation(libs.stately)
+                implementation(libs.kotlinx.coroutines.core)
+                implementation(libs.kotlinx.datetime)
             }
         }
         val jvmMain by getting
diff --git a/gradle.properties b/gradle.properties
index 0f0d858..7c38592 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -42,16 +42,3 @@ android.nonTransitiveRClass=true
 build.android.minimumSdk=24
 build.android.targetSdk=34
 build.android.compileSdk=34
-
-# Plugins:
-version.plugin.androidGradle=8.1.2
-version.plugin.ktlintGradle=11.6.1
-version.plugin.detekt=1.23.3
-version.plugin.outdated=0.49.0
-version.plugin.kmmbridge=0.5.5
-
-# Dependencies:
-version.kotlin=1.9.23
-version.kotlin.coroutines=1.7.3
-version.kotlin.datetime=0.4.1
-version.stately.concurrency=1.2.3
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
new file mode 100644
index 0000000..8c48ab3
--- /dev/null
+++ b/gradle/libs.versions.toml
@@ -0,0 +1,25 @@
+[versions]
+kotlin="1.9.23"
+coroutines="1.7.3"
+datetime="0.4.1"
+stately="1.2.3"
+androidGradle="8.1.2"
+ktlint="11.6.1"
+detekt="1.23.3"
+outdated="0.49.0"
+kmmbridge="0.5.5"
+
+[libraries]
+stately = { module = "co.touchlab:stately-concurrency", version.ref = "stately" }
+kotlinx-coroutines-core = { module = "org.jetbrains.kotlinx:kotlinx-coroutines-core", version.ref = "coroutines" }
+kotlinx-datetime = { module = "org.jetbrains.kotlinx:kotlinx-datetime", version.ref = "datetime"}
+detektFormattingPlugin = { module = "io.gitlab.arturbosch.detekt:detekt-formatting", version.ref = "detekt" }
+detektCliPlugin = { module = "io.gitlab.arturbosch.detekt:detekt-cli", version.ref = "detekt" }
+
+[plugins]
+kotlinMultiplatform = { id = "org.jetbrains.kotlin.multiplatform", version.ref = "kotlin" }
+detektPlugin = { id = "io.gitlab.arturbosch.detekt", version.ref = "detekt" }
+ktlinPlugin = { id = "org.jlleitschuh.gradle.ktlint", version.ref = "ktlint" }
+versionsPlugin = { id = "com.github.ben-manes.versions", version.ref = "outdated" }
+androidLibrary = { id = "com.android.library", version.ref = "androidGradle" }
+kmmbridgePlugin = { id = "co.touchlab.kmmbridge", version.ref = "kmmbridge" }
diff --git a/settings.gradle.kts b/settings.gradle.kts
index 04774d3..1dd2825 100644
--- a/settings.gradle.kts
+++ b/settings.gradle.kts
@@ -25,21 +25,6 @@ pluginManagement {
         google()
         mavenCentral()
     }
-
-    resolutionStrategy {
-        val props = extra.properties
-
-        eachPlugin {
-            when ("${requested.id}") {
-                "org.jetbrains.kotlin.multiplatform" -> useVersion("${props["version.kotlin"]}")
-                "io.gitlab.arturbosch.detekt" -> useVersion("${props["version.plugin.detekt"]}")
-                "org.jlleitschuh.gradle.ktlint" -> useVersion("${props["version.plugin.ktlintGradle"]}")
-                "com.github.ben-manes.versions" -> useVersion("${props["version.plugin.outdated"]}")
-                "com.android.library" -> useVersion("${props["version.plugin.androidGradle"]}")
-                "co.touchlab.kmmbridge" -> useVersion("${props["version.plugin.kmmbridge"]}")
-            }
-        }
-    }
 }
 
 dependencyResolutionManagement {