diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 177f4bf..53ed3df 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -15,6 +15,10 @@ Unreleased
 **********
 * Nothing unreleased
 
+[1.6.3]
+*******
+* chore: Increase version to 1.6.3 for dependency updates.
+
 [1.6.2]
 *******
 * chore: Increase version to 1.6.1 for dependency updates.
diff --git a/openedx_ledger/__init__.py b/openedx_ledger/__init__.py
index 16702a2..a3ab474 100644
--- a/openedx_ledger/__init__.py
+++ b/openedx_ledger/__init__.py
@@ -1,4 +1,4 @@
 """
 A library that records transactions against a ledger, denominated in units of value.
 """
-__version__ = "1.6.2"
+__version__ = "1.6.3"