diff --git a/Cargo.lock b/Cargo.lock
index dfd996edcd..b4bbf70210 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1652,7 +1652,7 @@ dependencies = [
 
 [[package]]
 name = "iota-sdk"
-version = "1.1.4"
+version = "2.0.0-alpha.1"
 dependencies = [
  "anymap",
  "async-trait",
diff --git a/sdk/CHANGELOG.md b/sdk/CHANGELOG.md
index b1f25d5d1b..036004e0d2 100644
--- a/sdk/CHANGELOG.md
+++ b/sdk/CHANGELOG.md
@@ -19,6 +19,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Security -->
 
+## 2.0.0-alpha.1 - 2024-04-29
+
+Initial alpha release of the 2.0 SDK.
+
 ## 1.1.5 - 2024-MM-DD
 
 ### Added
diff --git a/sdk/Cargo.toml b/sdk/Cargo.toml
index b5a18abcb5..948418440f 100644
--- a/sdk/Cargo.toml
+++ b/sdk/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "iota-sdk"
-version = "1.1.4"
+version = "2.0.0-alpha.1"
 authors = ["IOTA Stiftung"]
 edition = "2021"
 description = "The IOTA SDK provides developers with a seamless experience to develop on IOTA by providing account abstractions and clients to interact with node APIs."