diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8a64538..b7e5e6d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,8 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 
 ## [Unreleased]
+
+## [1.5.7] - 2024-07-30
 ### Added
 - Portal auto setup support for multiple credentials for dim and shared services for 24.08
 - Use portal callback url to activate subscription on portal side
diff --git a/README.md b/README.md
index c53f350..6ae9840 100644
--- a/README.md
+++ b/README.md
@@ -12,8 +12,8 @@ This service will help service provider to set up DFT/SDE with EDC and EDC as se
 ### Software Version
 
 ```shell
-Application version: 1.5.6
-Helm release version: 1.5.9
+Application version: 1.5.7
+Helm release version: 1.6.0
 ```
 
 # Container images
diff --git a/charts/orchestrator/Chart.yaml b/charts/orchestrator/Chart.yaml
index ece3a24..3798c92 100644
--- a/charts/orchestrator/Chart.yaml
+++ b/charts/orchestrator/Chart.yaml
@@ -38,13 +38,13 @@ sources:
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 1.5.9
+version: 1.6.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "1.5.6"
+appVersion: "1.5.7"
 
 dependencies:
   - condition: postgresql.enabled
diff --git a/charts/orchestrator/README.md b/charts/orchestrator/README.md
index 5a7d12f..f4a4b9d 100644
--- a/charts/orchestrator/README.md
+++ b/charts/orchestrator/README.md
@@ -1,6 +1,6 @@
 # managed-service-orchestrator
 
-![Version: 1.5.9](https://img.shields.io/badge/Version-1.5.9-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 1.5.6](https://img.shields.io/badge/AppVersion-1.5.6-informational?style=flat-square)
+![Version: 1.6.0](https://img.shields.io/badge/Version-1.6.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 1.5.7](https://img.shields.io/badge/AppVersion-1.5.7-informational?style=flat-square)
 
 This service will help service provider to set up DFT/SDE with EDC and EDC as service in service provider environment.
 
diff --git a/pom.xml b/pom.xml
index c69566e..abfddb1 100644
--- a/pom.xml
+++ b/pom.xml
@@ -32,7 +32,7 @@
 	</parent>
 	<groupId>org.eclipse.tractusx</groupId>
 	<artifactId>managed-service-orchestrator</artifactId>
-	<version>1.5.9</version>
+	<version>1.5.7</version>
 	<name>managed-service-orchestrator</name>
 	<description>managed-service-orchestrator</description>
 	<properties>