diff --git a/sdk/python3/ccnp/__init__.py b/sdk/python3/ccnp/__init__.py
index 543378d..37db19a 100644
--- a/sdk/python3/ccnp/__init__.py
+++ b/sdk/python3/ccnp/__init__.py
@@ -1,5 +1,5 @@
 """CCNP framework to enable TEE related operations in cloud native environments"""
 
-__version__ = "0.3.1"
+__version__ = "0.4.0"
 
 from .sdk import CcnpSdk
diff --git a/sdk/python3/pyproject.toml b/sdk/python3/pyproject.toml
index de64a34..06d2b3b 100644
--- a/sdk/python3/pyproject.toml
+++ b/sdk/python3/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "ccnp"
-version = "0.3.1"
+version = "0.4.0"
 authors = [
   { name="Lu, Ken", email="ken.lu@intel.com" },
   { name="Ying, Ruoyu", email="ruoyu.ying@intel.com" },
diff --git a/sdk/python3/setup.cfg b/sdk/python3/setup.cfg
index 38a5987..c886f59 100644
--- a/sdk/python3/setup.cfg
+++ b/sdk/python3/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = ccnp
-version = 0.0.1
+version = 0.4.0
 description = SDKs to enable confidential computing in cloud native environments
 long_description = file: README.md
 url = https://github.com/intel/confidential-cloud-native-primitives
diff --git a/service/ccnp-server/Cargo.toml b/service/ccnp-server/Cargo.toml
index 3e24ed7..f25c4f3 100644
--- a/service/ccnp-server/Cargo.toml
+++ b/service/ccnp-server/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "ccnp_server"
-version = "0.3.2"
+version = "0.4.0"
 edition = "2021"
 
 [[bin]] # Bin to run the quote server