The Cabibbo-Kobayashi-Maskawa matrix elements $|{V}_{cb}|$ and $|{V}_{ub}|$ can be obtained by combining data from the experiments with lattice QCD results for the semileptonic form factors for the $\overline{B}\ensuremath{\rightarrow}{D}^{*}\ensuremath{\ell}\overline{\ensuremath{\nu}}$ and $\overline{B}\ensuremath{\rightarrow}\ensuremath{\pi}\ensuremath{\ell}\overline{\ensuremath{\nu}}$ decays. It is highly desirable to use the Oktay-Kronfeld (OK) action for the form factor calculation on the lattice, since the OK action is designed to reduce the heavy quark discretization error down to the $\mathcal{O}({a}^{4}{\mathrm{\ensuremath{\Lambda}}}^{4})\ensuremath{\simeq}\mathcal{O}({\mathrm{\ensuremath{\Lambda}}}^{4}/(2{m}_{Q}{)}^{4})$ level in the power counting rules of the heavy quark effective theory (HQET). Here, we present a matching calculation to improve heavy-heavy and heavy-light currents up to the ${\ensuremath{\lambda}}^{3}$ order in HQET, the same level of improvement as the OK action. Our final results for the improved currents are being used in a lattice QCD calculation of the semileptonic form factors for the $\overline{B}\ensuremath{\rightarrow}{D}^{*}\ensuremath{\ell}\overline{\ensuremath{\nu}}$ and $\overline{B}\ensuremath{\rightarrow}D\ensuremath{\ell}\overline{\ensuremath{\nu}}$ decays.
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