diff --git a/build.gradle b/build.gradle
index f52dd1a10d..8b5dbeadaf 100644
--- a/build.gradle
+++ b/build.gradle
@@ -610,7 +610,7 @@ configure(project(':desktop')) {
     apply plugin: 'com.github.johnrengelman.shadow'
     apply from: 'package/package.gradle'
 
-    version = '1.1.2-SNAPSHOT'
+    version = '1.2.0-SNAPSHOT'
 
     jar.manifest.attributes(
         "Implementation-Title": project.name,
diff --git a/common/src/main/java/haveno/common/app/Version.java b/common/src/main/java/haveno/common/app/Version.java
index f295661964..8816f0d498 100644
--- a/common/src/main/java/haveno/common/app/Version.java
+++ b/common/src/main/java/haveno/common/app/Version.java
@@ -28,7 +28,7 @@ import static com.google.common.base.Preconditions.checkArgument;
 public class Version {
     // The application versions
     // We use semantic versioning with major, minor and patch
-    public static final String VERSION = "1.1.2";
+    public static final String VERSION = "1.2.0";
 
     /**
      * Holds a list of the tagged resource files for optimizing the getData requests.
diff --git a/desktop/package/linux/exchange.haveno.Haveno.metainfo.xml b/desktop/package/linux/exchange.haveno.Haveno.metainfo.xml
index 277b583389..5d073406ae 100644
--- a/desktop/package/linux/exchange.haveno.Haveno.metainfo.xml
+++ b/desktop/package/linux/exchange.haveno.Haveno.metainfo.xml
@@ -60,6 +60,6 @@
   </content_rating>
 
   <releases>
-    <release version="1.1.2" date="2025-06-06"/>
+    <release version="1.2.0" date="2025-07-21"/>
   </releases>
 </component>
diff --git a/desktop/package/macosx/Info.plist b/desktop/package/macosx/Info.plist
index e4f331e614..8adb943c5d 100644
--- a/desktop/package/macosx/Info.plist
+++ b/desktop/package/macosx/Info.plist
@@ -5,10 +5,10 @@
         <!-- See: https://developer.apple.com/library/archive/documentation/General/Reference/InfoPlistKeyReference/Articles/CoreFoundationKeys.html -->
 
         <key>CFBundleVersion</key>
-        <string>1.1.2</string>
+        <string>1.2.0</string>
 
         <key>CFBundleShortVersionString</key>
-        <string>1.1.2</string>
+        <string>1.2.0</string>
 
         <key>CFBundleExecutable</key>
         <string>Haveno</string>
diff --git a/seednode/src/main/java/haveno/seednode/SeedNodeMain.java b/seednode/src/main/java/haveno/seednode/SeedNodeMain.java
index c92a3d61d8..fa832ef833 100644
--- a/seednode/src/main/java/haveno/seednode/SeedNodeMain.java
+++ b/seednode/src/main/java/haveno/seednode/SeedNodeMain.java
@@ -41,7 +41,7 @@ import lombok.extern.slf4j.Slf4j;
 @Slf4j
 public class SeedNodeMain extends ExecutableForAppWithP2p {
     private static final long CHECK_CONNECTION_LOSS_SEC = 30;
-    private static final String VERSION = "1.1.2";
+    private static final String VERSION = "1.2.0";
     private SeedNode seedNode;
     private Timer checkConnectionLossTime;