diff --git a/eng/Versions.props b/eng/Versions.props
index 848a2f68d0b1..8c2c7ba3f1d1 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -1,7 +1,7 @@
 <Project>
   <PropertyGroup>
     <!-- The .NET Core product branding version -->
-    <ProductVersion>3.1.22</ProductVersion>
+    <ProductVersion>3.1.23</ProductVersion>
     <!-- We need to move to 4.7 as part of our versioning change when we switch to arcade to avoid downgrading versions -->
     <MajorVersion>4</MajorVersion>
     <MinorVersion>7</MinorVersion>