diff --git a/CHANGELOG.md b/CHANGELOG.md
index 30b8701be..fa16758cf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Pending
 
+## 1.2.0
+
 ### Update:
 - feat: add functions to send assets to contract address without relying on Stellar RPC. ([#677](https://github.com/stellar/java-stellar-sdk/pull/677))
 
diff --git a/android_test/app/build.gradle.kts b/android_test/app/build.gradle.kts
index f1f6720be..02c1de096 100644
--- a/android_test/app/build.gradle.kts
+++ b/android_test/app/build.gradle.kts
@@ -68,7 +68,7 @@ dependencies {
     implementation("androidx.compose.material3:material3")
     // Since we are adding local jar(libs/stellar-sdk.jar) as dependency,
     // gradle cannot automatically download the required third-party dependencies.
-    implementation(files("libs/stellar-sdk-1.1.0.jar"))
+    implementation(files("libs/stellar-sdk-1.2.0.jar"))
     implementation("com.squareup.okhttp3:okhttp:4.11.0")
     implementation("com.squareup.okhttp3:okhttp-sse:4.11.0")
     implementation("com.moandjiezana.toml:toml4j:0.7.2")
diff --git a/build.gradle.kts b/build.gradle.kts
index 5692d0266..af9aa6566 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -11,7 +11,7 @@ plugins {
 }
 
 group = "network.lightsail"
-version = "1.1.0"
+version = "1.2.0"
 
 java {
     sourceCompatibility = JavaVersion.VERSION_1_8
diff --git a/readme.md b/readme.md
index 2cb009056..77048d8c2 100644
--- a/readme.md
+++ b/readme.md
@@ -14,13 +14,13 @@ The Java Stellar SDK library provides APIs to build transactions and connect to
 <dependency>
     <groupId>network.lightsail</groupId>
     <artifactId>stellar-sdk</artifactId>
-    <version>1.1.0</version>
+    <version>1.2.0</version>
 </dependency>
 ```
 
 ### Gradle
 ```groovy
-implementation 'network.lightsail:stellar-sdk:1.1.0'
+implementation 'network.lightsail:stellar-sdk:1.2.0'
 ```
 
 You can find instructions on how to install this dependency using alternative package managers [here](https://central.sonatype.com/artifact/network.lightsail/stellar-sdk).