diff --git a/Cargo.lock b/Cargo.lock
index ace6abd5f10..cfdf8c9ad29 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1786,7 +1786,7 @@ checksum = "230c5f1ca6a325a32553f8640d31ac9b49f2411e901e427570154868b46da4f7"
 
 [[package]]
 name = "bin-version"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "const-str",
  "git-version",
@@ -3602,14 +3602,14 @@ checksum = "fea41bba32d969b513997752735605054bc0dfa92b4c56bf1189f2e174be7a10"
 
 [[package]]
 name = "docs-examples"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "bcs",
  "bip32",
  "iota-keys",
  "iota-move-build",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "move-binary-format",
  "move-core-types",
  "serde_json",
@@ -5627,7 +5627,7 @@ checksum = "8bb03732005da905c88227371639bf1ad885cc712789c011c31c5fb3ab3ccf02"
 
 [[package]]
 name = "iota"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anemo",
  "anyhow",
@@ -5671,7 +5671,7 @@ dependencies = [
  "iota-package-management",
  "iota-protocol-config",
  "iota-replay",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-simulator",
  "iota-source-validation",
  "iota-swarm",
@@ -5783,7 +5783,7 @@ dependencies = [
 
 [[package]]
 name = "iota-analytics-indexer"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "arrow",
@@ -5834,7 +5834,7 @@ dependencies = [
 
 [[package]]
 name = "iota-analytics-indexer-derive"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "proc-macro2 1.0.86",
  "quote 1.0.37",
@@ -5843,7 +5843,7 @@ dependencies = [
 
 [[package]]
 name = "iota-archival"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "byteorder",
@@ -5939,7 +5939,7 @@ dependencies = [
  "iota-metrics",
  "iota-network",
  "iota-protocol-config",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-simulator",
  "iota-storage",
  "iota-swarm-config",
@@ -5966,7 +5966,7 @@ dependencies = [
 
 [[package]]
 name = "iota-bridge"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -5988,7 +5988,7 @@ dependencies = [
  "iota-json-rpc-types",
  "iota-keys",
  "iota-metrics",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-test-transaction-builder",
  "iota-types",
  "lru 0.12.4",
@@ -6015,7 +6015,7 @@ dependencies = [
 
 [[package]]
 name = "iota-bridge-cli"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "clap",
@@ -6026,7 +6026,7 @@ dependencies = [
  "iota-config",
  "iota-json-rpc-types",
  "iota-keys",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-types",
  "move-core-types",
  "reqwest 0.12.7",
@@ -6057,7 +6057,7 @@ dependencies = [
  "iota-indexer-builder",
  "iota-json-rpc-types",
  "iota-metrics",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-test-transaction-builder",
  "iota-types",
  "prometheus",
@@ -6071,7 +6071,7 @@ dependencies = [
 
 [[package]]
 name = "iota-cluster-test"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6089,7 +6089,7 @@ dependencies = [
  "iota-json",
  "iota-json-rpc-types",
  "iota-keys",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-swarm",
  "iota-swarm-config",
  "iota-test-transaction-builder",
@@ -6303,7 +6303,7 @@ dependencies = [
 
 [[package]]
 name = "iota-data-ingestion"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6364,7 +6364,7 @@ dependencies = [
 
 [[package]]
 name = "iota-e2e-tests"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6395,7 +6395,7 @@ dependencies = [
  "iota-node",
  "iota-protocol-config",
  "iota-rest-api",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-simulator",
  "iota-storage",
  "iota-swarm",
@@ -6469,7 +6469,7 @@ dependencies = [
 
 [[package]]
 name = "iota-faucet"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-recursion",
@@ -6483,7 +6483,7 @@ dependencies = [
  "iota-json-rpc-types",
  "iota-keys",
  "iota-metrics",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-types",
  "parking_lot 0.12.3",
  "prometheus",
@@ -6528,7 +6528,7 @@ dependencies = [
 
 [[package]]
 name = "iota-framework-snapshot"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "bcs",
@@ -6625,7 +6625,7 @@ dependencies = [
 
 [[package]]
 name = "iota-graphql-config"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "quote 1.0.37",
  "syn 1.0.109",
@@ -6683,7 +6683,7 @@ dependencies = [
  "iota-package-resolver",
  "iota-protocol-config",
  "iota-rest-api",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-swarm-config",
  "iota-test-transaction-builder",
  "iota-types",
@@ -6743,7 +6743,7 @@ dependencies = [
 
 [[package]]
 name = "iota-indexer"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6772,7 +6772,7 @@ dependencies = [
  "iota-package-resolver",
  "iota-protocol-config",
  "iota-rest-api",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-swarm-config",
  "iota-transaction-builder",
  "iota-types",
@@ -6926,7 +6926,7 @@ dependencies = [
  "iota-open-rpc",
  "iota-open-rpc-macros",
  "iota-protocol-config",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-simulator",
  "iota-swarm-config",
  "iota-test-transaction-builder",
@@ -6993,7 +6993,7 @@ dependencies = [
 
 [[package]]
 name = "iota-light-client"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7005,7 +7005,7 @@ dependencies = [
  "iota-json-rpc-types",
  "iota-package-resolver",
  "iota-rest-api",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-types",
  "move-binary-format",
  "move-core-types",
@@ -7027,7 +7027,7 @@ dependencies = [
 
 [[package]]
 name = "iota-metric-checker"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "backoff",
@@ -7068,7 +7068,7 @@ dependencies = [
 
 [[package]]
 name = "iota-move"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "better_any",
@@ -7106,7 +7106,7 @@ dependencies = [
 
 [[package]]
 name = "iota-move-build"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "fastcrypto",
@@ -7129,7 +7129,7 @@ dependencies = [
 
 [[package]]
 name = "iota-move-lsp"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "bin-version",
  "clap",
@@ -7243,7 +7243,7 @@ dependencies = [
 
 [[package]]
 name = "iota-node"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anemo",
  "anemo-tower",
@@ -7294,7 +7294,7 @@ dependencies = [
 
 [[package]]
 name = "iota-open-rpc"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "bcs",
@@ -7330,7 +7330,7 @@ dependencies = [
 
 [[package]]
 name = "iota-package-dump"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "bcs",
@@ -7347,11 +7347,11 @@ dependencies = [
 
 [[package]]
 name = "iota-package-management"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "iota-json-rpc-types",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-types",
  "move-core-types",
  "move-package",
@@ -7434,7 +7434,7 @@ dependencies = [
  "iota-json-rpc-api",
  "iota-json-rpc-types",
  "iota-protocol-config",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-storage",
  "iota-transaction-checks",
  "iota-types",
@@ -7496,7 +7496,7 @@ dependencies = [
 
 [[package]]
 name = "iota-rosetta"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7514,7 +7514,7 @@ dependencies = [
  "iota-metrics",
  "iota-move-build",
  "iota-node",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-swarm-config",
  "iota-types",
  "move-core-types",
@@ -7538,7 +7538,7 @@ dependencies = [
 
 [[package]]
 name = "iota-rpc-loadgen"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7548,7 +7548,7 @@ dependencies = [
  "futures",
  "iota-json-rpc-types",
  "iota-keys",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-types",
  "itertools 0.13.0",
  "serde",
@@ -7583,7 +7583,7 @@ dependencies = [
 
 [[package]]
 name = "iota-sdk"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7683,7 +7683,7 @@ dependencies = [
 
 [[package]]
 name = "iota-single-node-benchmark"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "async-trait",
  "bcs",
@@ -7745,7 +7745,7 @@ dependencies = [
 
 [[package]]
 name = "iota-source-validation"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anyhow",
  "colored",
@@ -7755,7 +7755,7 @@ dependencies = [
  "iota-json-rpc-types",
  "iota-move-build",
  "iota-package-management",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-test-transaction-builder",
  "iota-types",
  "move-binary-format",
@@ -7793,7 +7793,7 @@ dependencies = [
  "iota-metrics",
  "iota-move",
  "iota-move-build",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-source-validation",
  "jsonrpsee",
  "move-compiler",
@@ -7868,7 +7868,7 @@ dependencies = [
 
 [[package]]
 name = "iota-surfer"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "async-trait",
  "bcs",
@@ -7953,7 +7953,7 @@ dependencies = [
  "bcs",
  "iota-genesis-builder",
  "iota-move-build",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-types",
  "move-core-types",
  "shared-crypto",
@@ -7982,7 +7982,7 @@ dependencies = [
 
 [[package]]
 name = "iota-tool"
-version = "0.3.1"
+version = "0.4.0"
 dependencies = [
  "anemo",
  "anemo-cli",
@@ -8004,7 +8004,7 @@ dependencies = [
  "iota-package-dump",
  "iota-protocol-config",
  "iota-replay",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-snapshot",
  "iota-storage",
  "iota-types",
@@ -14522,7 +14522,7 @@ dependencies = [
  "iota-macros",
  "iota-node",
  "iota-protocol-config",
- "iota-sdk 0.3.1",
+ "iota-sdk 0.4.0",
  "iota-simulator",
  "iota-swarm",
  "iota-swarm-config",
diff --git a/Cargo.toml b/Cargo.toml
index b9982fbf0d5..d362809de14 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -173,7 +173,7 @@ members = [
 
 [workspace.package]
 # This version string will be inherited by iota-core, iota-faucet, iota-node, iota-tools, iota-sdk, iota-move-build, and iota crates.
-version = "0.3.1"
+version = "0.4.0"
 
 [profile.release]
 # debug = 1 means line charts only, which is minimum needed for good stack traces
diff --git a/crates/iota-open-rpc/spec/openrpc.json b/crates/iota-open-rpc/spec/openrpc.json
index e8ae06e83f6..f4c6899650f 100644
--- a/crates/iota-open-rpc/spec/openrpc.json
+++ b/crates/iota-open-rpc/spec/openrpc.json
@@ -12,7 +12,7 @@
       "name": "Apache-2.0",
       "url": "https://raw.githubusercontent.com/iotaledger/iota/main/LICENSE"
     },
-    "version": "0.3.1"
+    "version": "0.4.0"
   },
   "methods": [
     {
diff --git a/sdk/typescript/src/version.ts b/sdk/typescript/src/version.ts
index 602e7e65171..f786b1ed7a7 100644
--- a/sdk/typescript/src/version.ts
+++ b/sdk/typescript/src/version.ts
@@ -5,4 +5,4 @@
 // This file is generated by genversion.mjs. Do not edit it directly.
 
 export const PACKAGE_VERSION = '0.2.0';
-export const TARGETED_RPC_VERSION = '0.3.1';
+export const TARGETED_RPC_VERSION = '0.4.0';