diff --git a/Cargo.lock b/Cargo.lock
index fa0c159f4..903251adb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4273,7 +4273,7 @@ dependencies = [
 
 [[package]]
 name = "interchain-token-service"
-version = "1.0.0"
+version = "1.1.0"
 dependencies = [
  "alloy-primitives",
  "alloy-sol-types",
diff --git a/Cargo.toml b/Cargo.toml
index ff1acbf2b..078c73c8f 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -50,7 +50,7 @@ goldie = { version = "0.5" }
 heck = "0.5.0"
 hex = "0.4.3"
 integration-tests = { version = "^1.0.0", path = "integration-tests" }
-interchain-token-service = { version = "^1.0.0", path = "contracts/interchain-token-service" }
+interchain-token-service = { version = "^1.1.0", path = "contracts/interchain-token-service" }
 into-inner-derive = { version = "^1.0.0", path = "packages/into-inner-derive" }
 itertools = "0.11.0"
 k256 = { version = "0.13.1", features = ["ecdsa"] }
diff --git a/contracts/interchain-token-service/Cargo.toml b/contracts/interchain-token-service/Cargo.toml
index 1ac801171..a9d5a4d56 100644
--- a/contracts/interchain-token-service/Cargo.toml
+++ b/contracts/interchain-token-service/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "interchain-token-service"
-version = "1.0.0"
+version = "1.1.0"
 rust-version = { workspace = true }
 edition = { workspace = true }