diff --git a/CHANGELOG.md b/CHANGELOG.md
index d0b537c0b..046abc898 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 5.54.0 - 2022-05-03
+* [#1053](https://github.com/stripe/stripe-ruby/pull/1053) API Updates
+  * Add support for new resource `CashBalance`
+
 ## 5.53.0 - 2022-04-21
 * [#1050](https://github.com/stripe/stripe-ruby/pull/1050) API Updates
   * Add support for `expire` test helper method on resource `Refund`
diff --git a/VERSION b/VERSION
index 27c0daa80..532240c65 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-5.53.0
+5.54.0
diff --git a/lib/stripe/version.rb b/lib/stripe/version.rb
index 1ce8391bf..b8044200c 100644
--- a/lib/stripe/version.rb
+++ b/lib/stripe/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Stripe
-  VERSION = "5.53.0"
+  VERSION = "5.54.0"
 end