diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9d9906090..5c017a344 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## 12.2.0-beta.1 - 2024-07-05
+* [#1428](https://github.com/stripe/stripe-ruby/pull/1428) Update generated code for beta
+  * Add support for new resource `FinancialConnections.Institution`
+  * Add support for `list` and `retrieve` methods on resource `Institution`
+* [#1409](https://github.com/stripe/stripe-ruby/pull/1409) Update generated code for beta
+
+
 ## 12.0.0 - 2024-06-24
 * [#1418](https://github.com/stripe/stripe-ruby/pull/1418) Add missing static method for verify on BankAccount
 * [#1419](https://github.com/stripe/stripe-ruby/pull/1419) 
diff --git a/VERSION b/VERSION
index 591b32f34..dd3c20907 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-11.7.0-beta.1
+12.2.0-beta.1
diff --git a/lib/stripe/version.rb b/lib/stripe/version.rb
index 862272777..e7ff51458 100644
--- a/lib/stripe/version.rb
+++ b/lib/stripe/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Stripe
-  VERSION = "11.7.0-beta.1"
+  VERSION = "12.2.0-beta.1"
 end