diff --git a/CMakeLists.txt b/CMakeLists.txt
index 6d5e17b5..f336d92a 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ cmake_minimum_required(VERSION 3.5.1 FATAL_ERROR)
 #============================================================================
 # Initialize the project
 #============================================================================
-project(ignition-launch5 VERSION 5.2.0)
+project(ignition-launch5 VERSION 5.3.0)
 
 #============================================================================
 # Find ignition-cmake
diff --git a/Changelog.md b/Changelog.md
index 66c99027..fc00bffe 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -1,5 +1,28 @@
 ## Gazebo Launch 5.x
 
+### Gazebo Launch 5.3.0 (2023-06-14)
+
+1. Forward ports
+    * [Pull request #214](https://github.com/gazebosim/gz-launch/pull/214)
+
+1. Infrastructure
+    * [Pull request #213](https://github.com/gazebosim/gz-launch/pull/213)
+
+1. Rename COPYING to LICENSE
+    * [Pull request #212](https://github.com/gazebosim/gz-launch/pull/212)
+
+1. Small cleanup fixes
+    * [Pull request #211](https://github.com/gazebosim/gz-launch/pull/211)
+
+1. Add pause and stop to Websocket Server
+    * [Pull request #187](https://github.com/gazebosim/gz-launch/pull/187)
+
+1. Return a message on asset error
+    * [Pull request #197](https://github.com/gazebosim/gz-launch/pull/197)
+
+1. Remove redundant namespace references
+    * [Pull request #190](https://github.com/gazebosim/gz-launch/pull/190)
+
 ### Gazebo Launch 5.2.0 (2022-08-16)
 
 1. Add code coverage ignore file