diff --git a/npm-shrinkwrap.json b/npm-shrinkwrap.json
index 5abe625c89..746620903a 100644
--- a/npm-shrinkwrap.json
+++ b/npm-shrinkwrap.json
@@ -1,6 +1,6 @@
 {
   "name": "ripple-lib",
-  "version": "0.12.4",
+  "version": "0.12.5-rc1",
   "npm-shrinkwrap-version": "5.3.0",
   "node-version": "v0.10.38",
   "dependencies": {
diff --git a/package.json b/package.json
index 9427576988..94ab65254d 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "ripple-lib",
-  "version": "0.12.4",
+  "version": "0.12.5-rc1",
   "description": "A JavaScript API for interacting with Ripple in Node.js and the browser",
   "files": [
     "src/js/*",