diff --git a/CHANGELOG.md b/CHANGELOG.md
index 94cb06fc17d..6cc509876bf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -57,6 +57,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (core/05-port) [\#6341](https://github.com/cosmos/ibc-go/pull/6341) Modify `UnmarshalPacketData` interface to take in the context, portID, and channelID. This allows for packet data's to be unmarshaled based on the channel version.
 * (apps/27-interchain-accounts) [\#6433](https://github.com/cosmos/ibc-go/pull/6433) Use UNORDERED as the default ordering for new ICA channels.
 * (apps/transfer) [\#6440](https://github.com/cosmos/ibc-go/pull/6440) Remove `GetPrefixedDenom`.
+* (apps/transfer) [\#6508](https://github.com/cosmos/ibc-go/pull/6508) Remove the DenomTrace type.
 
 ### State Machine Breaking
 
diff --git a/modules/apps/transfer/internal/types/denomtrace.pb.go b/modules/apps/transfer/internal/types/denomtrace.pb.go
index 4aed671f205..6d7ee29ad75 100644
--- a/modules/apps/transfer/internal/types/denomtrace.pb.go
+++ b/modules/apps/transfer/internal/types/denomtrace.pb.go
@@ -24,6 +24,8 @@ const _ = proto.GoGoProtoPackageIsVersion3 // please upgrade the proto package
 
 // DenomTrace contains the base denomination for ICS20 fungible tokens and the
 // source tracing information path.
+//
+// Deprecated: Do not use.
 type DenomTrace struct {
 	// path defines the chain of port/channel identifiers used for tracing the
 	// source of the fungible token.
@@ -88,21 +90,21 @@ func init() {
 }
 
 var fileDescriptor_c400148599bf8bc8 = []byte{
-	// 211 bytes of a gzipped FileDescriptorProto
+	// 215 bytes of a gzipped FileDescriptorProto
 	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0xe2, 0xd2, 0xcd, 0x4c, 0x4a, 0xd6,
 	0x4f, 0x2c, 0x28, 0xc8, 0xc9, 0x4c, 0x4e, 0x2c, 0xc9, 0xcc, 0xcf, 0x2b, 0xd6, 0x2f, 0x29, 0x4a,
 	0xcc, 0x2b, 0x4e, 0x4b, 0x2d, 0xd2, 0x2f, 0x33, 0xd4, 0x4f, 0x49, 0xcd, 0xcb, 0xcf, 0x2d, 0x29,
 	0x4a, 0x4c, 0x4e, 0xd5, 0x2b, 0x28, 0xca, 0x2f, 0xc9, 0x17, 0x92, 0xc9, 0x4c, 0x4a, 0xd6, 0x43,
-	0x56, 0xae, 0x07, 0x53, 0xae, 0x57, 0x66, 0xa8, 0x64, 0xcf, 0xc5, 0xe5, 0x02, 0xd2, 0x11, 0x02,
+	0x56, 0xae, 0x07, 0x53, 0xae, 0x57, 0x66, 0xa8, 0xe4, 0xcc, 0xc5, 0xe5, 0x02, 0xd2, 0x11, 0x02,
 	0xd2, 0x21, 0x24, 0xc4, 0xc5, 0x52, 0x90, 0x58, 0x92, 0x21, 0xc1, 0xa8, 0xc0, 0xa8, 0xc1, 0x19,
 	0x04, 0x66, 0x0b, 0xc9, 0x72, 0x71, 0x25, 0x25, 0x16, 0xa7, 0xc6, 0x83, 0x0d, 0x96, 0x60, 0x02,
-	0xcb, 0x70, 0x82, 0x44, 0xc0, 0xfa, 0x9c, 0x02, 0x4f, 0x3c, 0x92, 0x63, 0xbc, 0xf0, 0x48, 0x8e,
-	0xf1, 0xc1, 0x23, 0x39, 0xc6, 0x09, 0x8f, 0xe5, 0x18, 0x2e, 0x3c, 0x96, 0x63, 0xb8, 0xf1, 0x58,
-	0x8e, 0x21, 0xca, 0x3c, 0x3d, 0xb3, 0x24, 0xa3, 0x34, 0x49, 0x2f, 0x39, 0x3f, 0x57, 0x3f, 0x39,
-	0xbf, 0x38, 0x37, 0xbf, 0x58, 0x3f, 0x33, 0x29, 0x59, 0x37, 0x3d, 0x5f, 0xbf, 0xcc, 0x42, 0x3f,
-	0x37, 0x3f, 0xa5, 0x34, 0x27, 0xb5, 0x18, 0xe4, 0x0f, 0x24, 0xf7, 0x97, 0x54, 0x16, 0xa4, 0x16,
-	0x27, 0xb1, 0x81, 0x1d, 0x6e, 0x0c, 0x08, 0x00, 0x00, 0xff, 0xff, 0xa6, 0xd5, 0xd9, 0xdc, 0xe9,
-	0x00, 0x00, 0x00,
+	0xcb, 0x70, 0x82, 0x44, 0xc0, 0xfa, 0xac, 0x98, 0x24, 0x18, 0x9d, 0x02, 0x4f, 0x3c, 0x92, 0x63,
+	0xbc, 0xf0, 0x48, 0x8e, 0xf1, 0xc1, 0x23, 0x39, 0xc6, 0x09, 0x8f, 0xe5, 0x18, 0x2e, 0x3c, 0x96,
+	0x63, 0xb8, 0xf1, 0x58, 0x8e, 0x21, 0xca, 0x3c, 0x3d, 0xb3, 0x24, 0xa3, 0x34, 0x49, 0x2f, 0x39,
+	0x3f, 0x57, 0x3f, 0x39, 0xbf, 0x38, 0x37, 0xbf, 0x58, 0x3f, 0x33, 0x29, 0x59, 0x37, 0x3d, 0x5f,
+	0xbf, 0xcc, 0x42, 0x3f, 0x37, 0x3f, 0xa5, 0x34, 0x27, 0xb5, 0x18, 0xe4, 0x17, 0x24, 0x3f, 0x94,
+	0x54, 0x16, 0xa4, 0x16, 0x27, 0xb1, 0x81, 0x1d, 0x6f, 0x0c, 0x08, 0x00, 0x00, 0xff, 0xff, 0x40,
+	0x87, 0xd3, 0x61, 0xed, 0x00, 0x00, 0x00,
 }
 
 func (m *DenomTrace) Marshal() (dAtA []byte, err error) {
diff --git a/proto/ibc/applications/transfer/v1/denomtrace.proto b/proto/ibc/applications/transfer/v1/denomtrace.proto
index bd301add8b0..9ac7e093573 100644
--- a/proto/ibc/applications/transfer/v1/denomtrace.proto
+++ b/proto/ibc/applications/transfer/v1/denomtrace.proto
@@ -7,6 +7,7 @@ option go_package = "github.com/cosmos/ibc-go/v8/modules/apps/transfer/types";
 // DenomTrace contains the base denomination for ICS20 fungible tokens and the
 // source tracing information path.
 message DenomTrace {
+  option deprecated = true;
   // path defines the chain of port/channel identifiers used for tracing the
   // source of the fungible token.
   string path = 1;