diff --git a/.changelog/unreleased/breaking-changes/245-interchain-security-proto-v6.1.0.md b/.changelog/v0.50.0/breaking-changes/245-interchain-security-proto-v6.1.0.md
similarity index 100%
rename from .changelog/unreleased/breaking-changes/245-interchain-security-proto-v6.1.0.md
rename to .changelog/v0.50.0/breaking-changes/245-interchain-security-proto-v6.1.0.md
diff --git a/.changelog/unreleased/breaking-changes/246-tendermint-proto-0-40-0.md b/.changelog/v0.50.0/breaking-changes/246-tendermint-proto-0-40-0.md
similarity index 100%
rename from .changelog/unreleased/breaking-changes/246-tendermint-proto-0-40-0.md
rename to .changelog/v0.50.0/breaking-changes/246-tendermint-proto-0-40-0.md
diff --git a/.changelog/v0.50.0/summary.md b/.changelog/v0.50.0/summary.md
new file mode 100644
index 00000000..08fbfcbb
--- /dev/null
+++ b/.changelog/v0.50.0/summary.md
@@ -0,0 +1,3 @@
+*October 23rd, 2024*
+
+This release updates `interchain-security` to `v6.1.0` and `tendermint-proto` to `v0.40.0`.
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b5dc6b8f..de5bd7ba 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # CHANGELOG
 
+## v0.50.0
+
+This release updates `interchain-security` to `v6.1.0` and `tendermint-proto` to `v0.40.0`.
+
+### BREAKING CHANGES
+
+- Update `interchain-security` to v6.1.0
+  ([\#245](https://github.com/cosmos/ibc-proto-rs/issues/245))
+- Update `tendermint-proto` to `v0.40.0`
+  ([\#246](https://github.com/cosmos/ibc-proto-rs/issues/246))
+
 ## v0.49.1
 
 *October 16th, 2024*
diff --git a/Cargo.toml b/Cargo.toml
index fb46989c..19fd7808 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name         = "ibc-proto"
-version      = "0.49.1"
+version      = "0.50.0"
 authors      = ["Informal Systems <hello@informal.systems>"]
 edition      = "2021"
 license      = "Apache-2.0"
diff --git a/tools/proto-compiler/Cargo.toml b/tools/proto-compiler/Cargo.toml
index 0f6b5e59..e28c4e6a 100644
--- a/tools/proto-compiler/Cargo.toml
+++ b/tools/proto-compiler/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name         = "ibc-proto-compiler"
-version      = "0.2.0"
+version      = "0.3.0"
 authors      = ["Informal Systems <hello@informal.systems>"]
 edition      = "2021"
 publish      = false