diff --git a/package.json b/package.json
index da83f6880db..d4918aa99e9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@metamask/core-monorepo",
-  "version": "786.0.0",
+  "version": "787.0.0",
   "private": true,
   "description": "Monorepo for packages shared between MetaMask clients",
   "repository": {
diff --git a/packages/transaction-pay-controller/CHANGELOG.md b/packages/transaction-pay-controller/CHANGELOG.md
index c47b70ad6da..e5b3f9762b3 100644
--- a/packages/transaction-pay-controller/CHANGELOG.md
+++ b/packages/transaction-pay-controller/CHANGELOG.md
@@ -7,11 +7,14 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [12.1.0]
+
 ### Changed
 
 - Bump `@metamask/transaction-controller` from `^62.11.0` to `^62.14.0` ([#7775](https://github.com/MetaMask/core/pull/7775), [#7802](https://github.com/MetaMask/core/pull/7802), [#7832](https://github.com/MetaMask/core/pull/7832))
 - Bump `@metamask/assets-controllers` from `^99.1.0` to `^99.2.0` ([#7802](https://github.com/MetaMask/core/pull/7802))
 - Bump `@metamask/bridge-controller` from `^65.1.0` to `^65.2.0` ([#7802](https://github.com/MetaMask/core/pull/7802))
+- Poll Relay status for same-chain quotes with a single deposit step ([#7761](https://github.com/MetaMask/core/pull/7761))
 
 ## [12.0.2]
 
@@ -21,7 +24,6 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Bump `@metamask/bridge-controller` from `^65.0.1` to `^65.1.0` ([#7763](https://github.com/MetaMask/core/pull/7763))
 - Bump `@metamask/bridge-status-controller` from `^65.0.0` to `^65.0.1` ([#7763](https://github.com/MetaMask/core/pull/7763))
 - Bump `@metamask/transaction-controller` from `^62.10.0` to `^62.11.0` ([#7760](https://github.com/MetaMask/core/pull/7760))
-- Poll Relay status for same-chain quotes with a single deposit step ([#7761](https://github.com/MetaMask/core/pull/7761))
 
 ### Fixed
 
@@ -327,7 +329,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 - Initial release ([#6820](https://github.com/MetaMask/core/pull/6820))
 
-[Unreleased]: https://github.com/MetaMask/core/compare/@metamask/transaction-pay-controller@12.0.2...HEAD
+[Unreleased]: https://github.com/MetaMask/core/compare/@metamask/transaction-pay-controller@12.1.0...HEAD
+[12.1.0]: https://github.com/MetaMask/core/compare/@metamask/transaction-pay-controller@12.0.2...@metamask/transaction-pay-controller@12.1.0
 [12.0.2]: https://github.com/MetaMask/core/compare/@metamask/transaction-pay-controller@12.0.1...@metamask/transaction-pay-controller@12.0.2
 [12.0.1]: https://github.com/MetaMask/core/compare/@metamask/transaction-pay-controller@12.0.0...@metamask/transaction-pay-controller@12.0.1
 [12.0.0]: https://github.com/MetaMask/core/compare/@metamask/transaction-pay-controller@11.1.1...@metamask/transaction-pay-controller@12.0.0
diff --git a/packages/transaction-pay-controller/package.json b/packages/transaction-pay-controller/package.json
index f2bfa22a55b..48e1327a53c 100644
--- a/packages/transaction-pay-controller/package.json
+++ b/packages/transaction-pay-controller/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@metamask/transaction-pay-controller",
-  "version": "12.0.2",
+  "version": "12.1.0",
   "description": "Manages alternate payment strategies to provide required funds for transactions in MetaMask",
   "keywords": [
     "MetaMask",