diff --git a/Cargo.lock b/Cargo.lock
index 83ad56e56f..6d60998b10 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -973,7 +973,7 @@ dependencies = [
 
 [[package]]
 name = "basilisk-runtime"
-version = "120.0.0"
+version = "121.0.0"
 dependencies = [
  "cumulus-pallet-aura-ext",
  "cumulus-pallet-parachain-system",
diff --git a/runtime/basilisk/Cargo.toml b/runtime/basilisk/Cargo.toml
index 5a85ecfdb0..f61203f628 100644
--- a/runtime/basilisk/Cargo.toml
+++ b/runtime/basilisk/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "basilisk-runtime"
-version = "120.0.0"
+version = "121.0.0"
 authors = ["GalacticCouncil"]
 edition = "2021"
 homepage = "https://github.com/galacticcouncil/Basilisk-node"
diff --git a/runtime/basilisk/src/lib.rs b/runtime/basilisk/src/lib.rs
index 5d6e70d80c..a4ced91ca9 100644
--- a/runtime/basilisk/src/lib.rs
+++ b/runtime/basilisk/src/lib.rs
@@ -100,7 +100,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("basilisk"),
 	impl_name: create_runtime_str!("basilisk"),
 	authoring_version: 1,
-	spec_version: 120,
+	spec_version: 121,
 	impl_version: 0,
 	apis: apis::RUNTIME_API_VERSIONS,
 	transaction_version: 1,