diff --git a/CHANGELOG.md b/CHANGELOG.md
index ec02623..1b934b1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.7.0-develop.1](https://github.com/cheqd/did-provider-cheqd/compare/3.6.16...3.7.0-develop.1) (2024-01-31)
+
+
+### Features
+
+* Allow to switch DID controllers [DEV-3586] ([#400](https://github.com/cheqd/did-provider-cheqd/issues/400)) ([1f3b5e9](https://github.com/cheqd/did-provider-cheqd/commit/1f3b5e9359212ef3a94b488a29983a36189eeb60))
+
 ## [3.6.16](https://github.com/cheqd/did-provider-cheqd/compare/3.6.15...3.6.16) (2024-01-17)
 
 
diff --git a/package.json b/package.json
index cdf254b..86ab685 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "@cheqd/did-provider-cheqd",
-	"version": "3.6.16",
+	"version": "3.7.0-develop.1",
 	"description": "Veramo SDK plugin for the did:cheqd DID method",
 	"license": "Apache-2.0",
 	"author": "Cheqd Foundation Limited (https://github.com/cheqd)",