diff --git a/Cargo.lock b/Cargo.lock
index e4aeb5c..e28f9d8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2020,7 +2020,7 @@ checksum = "2b15c43186be67a4fd63bee50d0303afffcef381492ebe2c5d87f324e1b8815c"
 
 [[package]]
 name = "restate-operator"
-version = "1.1.1"
+version = "1.2.0"
 dependencies = [
  "actix-web",
  "anyhow",
diff --git a/Cargo.toml b/Cargo.toml
index d1ccd55..261d2dc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "restate-operator"
-version = "1.1.1"
+version = "1.2.0"
 authors = ["restate.dev"]
 edition = "2021"
 rust-version = "1.75"
diff --git a/charts/restate-operator-helm/Chart.yaml b/charts/restate-operator-helm/Chart.yaml
index 5b4ba74..ba75f71 100644
--- a/charts/restate-operator-helm/Chart.yaml
+++ b/charts/restate-operator-helm/Chart.yaml
@@ -2,4 +2,4 @@ apiVersion: v2
 name: restate-operator-helm
 description: An operator for Restate clusters
 type: application
-version: "1.1.1"
+version: "1.2.0"