diff --git a/sdk/confidentialledger/Azure.Security.ConfidentialLedger/CHANGELOG.md b/sdk/confidentialledger/Azure.Security.ConfidentialLedger/CHANGELOG.md
index 50b770ac58220..da15c62663050 100644
--- a/sdk/confidentialledger/Azure.Security.ConfidentialLedger/CHANGELOG.md
+++ b/sdk/confidentialledger/Azure.Security.ConfidentialLedger/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.3.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.2.0 (2023-09-12)
 
 ### Bugs Fixed
diff --git a/sdk/confidentialledger/Azure.Security.ConfidentialLedger/src/Azure.Security.ConfidentialLedger.csproj b/sdk/confidentialledger/Azure.Security.ConfidentialLedger/src/Azure.Security.ConfidentialLedger.csproj
index 8fc08c597c371..920700393548a 100644
--- a/sdk/confidentialledger/Azure.Security.ConfidentialLedger/src/Azure.Security.ConfidentialLedger.csproj
+++ b/sdk/confidentialledger/Azure.Security.ConfidentialLedger/src/Azure.Security.ConfidentialLedger.csproj
@@ -2,9 +2,9 @@
   <PropertyGroup>
     <Description>Client SDK for the Azure Confidential Ledger service</Description>
     <AssemblyTitle>Azure Confidential Ledger</AssemblyTitle>
-    <Version>1.2.0</Version>
+    <Version>1.3.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>1.1.0</ApiCompatVersion>
+    <ApiCompatVersion>1.2.0</ApiCompatVersion>
     <PackageTags>Azure ConfidentialLedger</PackageTags>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>
     <DefineConstants>$(DefineConstants)</DefineConstants>