diff --git a/charts/tractusx-connector-azure-vault/Chart.yaml b/charts/tractusx-connector-azure-vault/Chart.yaml
index da80eea14..ad09921a6 100644
--- a/charts/tractusx-connector-azure-vault/Chart.yaml
+++ b/charts/tractusx-connector-azure-vault/Chart.yaml
@@ -40,12 +40,12 @@ type: application
 # 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: 0.5.0-rc5
+version: 0.5.0
 # 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: "0.5.0-rc5"
+appVersion: "0.5.0"
 home: https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector
 sources:
   - https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector
diff --git a/charts/tractusx-connector-azure-vault/README.md b/charts/tractusx-connector-azure-vault/README.md
index 9d72ab754..b0d44012f 100644
--- a/charts/tractusx-connector-azure-vault/README.md
+++ b/charts/tractusx-connector-azure-vault/README.md
@@ -1,6 +1,6 @@
 # tractusx-connector-azure-vault
 
-![Version: 0.5.0-rc5](https://img.shields.io/badge/Version-0.5.0--rc5-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0-rc5](https://img.shields.io/badge/AppVersion-0.5.0--rc5-informational?style=flat-square)
+![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0](https://img.shields.io/badge/AppVersion-0.5.0-informational?style=flat-square)
 
 A Helm chart for Tractus-X Eclipse Data Space Connector. The connector deployment consists of two runtime consists of a
 Control Plane and a Data Plane. Note that _no_ external dependencies such as a PostgreSQL database and Azure KeyVault are included.
@@ -45,7 +45,7 @@ Combined, run this shell command to start the in-memory Tractus-X EDC runtime:
 
 ```shell
 helm repo add tractusx-edc https://eclipse-tractusx.github.io/charts/dev
-helm install my-release tractusx-edc/tractusx-connector-azure-vault --version 0.5.0-rc5 \
+helm install my-release tractusx-edc/tractusx-connector-azure-vault --version 0.5.0 \
      -f <path-to>/tractusx-connector-azure-vault-test.yaml \
      --set vault.azure.name=$AZURE_VAULT_NAME \
      --set vault.azure.client=$AZURE_CLIENT_ID \
diff --git a/charts/tractusx-connector-legacy/Chart.yaml b/charts/tractusx-connector-legacy/Chart.yaml
index 20c32226a..c49a04da6 100644
--- a/charts/tractusx-connector-legacy/Chart.yaml
+++ b/charts/tractusx-connector-legacy/Chart.yaml
@@ -45,12 +45,12 @@ type: application
 # 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: 0.5.0-rc5
+version: 0.5.0
 # 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: "0.5.0-rc5"
+appVersion: "0.5.0"
 home: https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector-legacy
 sources:
   - https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector-legacy
diff --git a/charts/tractusx-connector-legacy/README.md b/charts/tractusx-connector-legacy/README.md
index a5c64b259..d2ab622b4 100644
--- a/charts/tractusx-connector-legacy/README.md
+++ b/charts/tractusx-connector-legacy/README.md
@@ -2,7 +2,7 @@
 
 > **:exclamation: This Helm Chart is deprecated!**
 
-![Version: 0.5.0-rc5](https://img.shields.io/badge/Version-0.5.0--rc5-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0-rc5](https://img.shields.io/badge/AppVersion-0.5.0--rc5-informational?style=flat-square)
+![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0](https://img.shields.io/badge/AppVersion-0.5.0-informational?style=flat-square)
 
 A Helm chart for Tractus-X Eclipse Data Space Connector. The connector deployment consists of two runtime consists of a
 Control Plane and a Data Plane. Note that _no_ external dependencies such as a PostgreSQL database and HashiCorp Vault are included.
@@ -42,7 +42,7 @@ Combined, run this shell command to start the in-memory Tractus-X EDC runtime:
 
 ```shell
 helm repo add tractusx-edc https://eclipse-tractusx.github.io/charts/dev
-helm install my-release tractusx-edc/tractusx-connector --version 0.5.0-rc5 \
+helm install my-release tractusx-edc/tractusx-connector --version 0.5.0 \
      -f <path-to>/tractusx-connector-test.yaml
 ```
 
diff --git a/charts/tractusx-connector-memory/Chart.yaml b/charts/tractusx-connector-memory/Chart.yaml
index c29489ccd..4ae4cf1c9 100644
--- a/charts/tractusx-connector-memory/Chart.yaml
+++ b/charts/tractusx-connector-memory/Chart.yaml
@@ -34,12 +34,12 @@ type: application
 # 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: 0.5.0-rc5
+version: 0.5.0
 # 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: "0.5.0-rc5"
+appVersion: "0.5.0"
 home: https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector-memory
 sources:
   - https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector-memory
diff --git a/charts/tractusx-connector-memory/README.md b/charts/tractusx-connector-memory/README.md
index 792b42e84..dfd40312e 100644
--- a/charts/tractusx-connector-memory/README.md
+++ b/charts/tractusx-connector-memory/README.md
@@ -1,6 +1,6 @@
 # tractusx-connector-memory
 
-![Version: 0.5.0-rc5](https://img.shields.io/badge/Version-0.5.0--rc5-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0-rc5](https://img.shields.io/badge/AppVersion-0.5.0--rc5-informational?style=flat-square)
+![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0](https://img.shields.io/badge/AppVersion-0.5.0-informational?style=flat-square)
 
 A Helm chart for Tractus-X Eclipse Data Space Connector based on memory. Please only use this for development or testing purposes, never in production workloads!
 
@@ -39,7 +39,7 @@ Combined, run this shell command to start the in-memory Tractus-X EDC runtime:
 
 ```shell
 helm repo add tractusx-edc https://eclipse-tractusx.github.io/charts/dev
-helm install my-release tractusx-edc/tractusx-connector-memory --version 0.5.0-rc5 \
+helm install my-release tractusx-edc/tractusx-connector-memory --version 0.5.0 \
      -f <path-to>/tractusx-connector-memory-test.yaml \
      --set vault.secrets="client-secret:$YOUR_CLIENT_SECRET"
 ```
diff --git a/charts/tractusx-connector/Chart.yaml b/charts/tractusx-connector/Chart.yaml
index 055eae816..d06287e82 100644
--- a/charts/tractusx-connector/Chart.yaml
+++ b/charts/tractusx-connector/Chart.yaml
@@ -40,12 +40,12 @@ type: application
 # 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: 0.5.0-rc5
+version: 0.5.0
 # 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: "0.5.0-rc5"
+appVersion: "0.5.0"
 home: https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector
 sources:
   - https://github.com/eclipse-tractusx/tractusx-edc/tree/main/charts/tractusx-connector
diff --git a/charts/tractusx-connector/README.md b/charts/tractusx-connector/README.md
index 9cc100b6d..545e28fc3 100644
--- a/charts/tractusx-connector/README.md
+++ b/charts/tractusx-connector/README.md
@@ -1,6 +1,6 @@
 # tractusx-connector
 
-![Version: 0.5.0-rc5](https://img.shields.io/badge/Version-0.5.0--rc5-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0-rc5](https://img.shields.io/badge/AppVersion-0.5.0--rc5-informational?style=flat-square)
+![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 0.5.0](https://img.shields.io/badge/AppVersion-0.5.0-informational?style=flat-square)
 
 A Helm chart for Tractus-X Eclipse Data Space Connector. The connector deployment consists of two runtime consists of a
 Control Plane and a Data Plane. Note that _no_ external dependencies such as a PostgreSQL database and HashiCorp Vault are included.
@@ -42,7 +42,7 @@ Combined, run this shell command to start the in-memory Tractus-X EDC runtime:
 
 ```shell
 helm repo add tractusx-edc https://eclipse-tractusx.github.io/charts/dev
-helm install my-release tractusx-edc/tractusx-connector --version 0.5.0-rc5 \
+helm install my-release tractusx-edc/tractusx-connector --version 0.5.0 \
      -f <path-to>/tractusx-connector-test.yaml
 ```
 
diff --git a/gradle.properties b/gradle.properties
index 198c1ee0b..8459f2c8d 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,5 +1,5 @@
 group=org.eclipse.tractusx.edc
-version=0.5.0-SNAPSHOT
+version=0.5.1-SNAPSHOT
 # configure the build:
 annotationProcessorVersion=0.1.3
 edcGradlePluginsVersion=0.1.3