diff --git a/CHANGELOG.md b/CHANGELOG.md
index d6b28f51..10ff8366 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,10 +1,11 @@
 # CHANGELOG
 
-## master
+## 3.5.1 Jun 11, 2023
 
 Changes:
 
 - Adjust object index access for stricter tsconfig settings
+- Bump to `@polkadot/util` 12.3.1
 
 
 ## 3.4.2 Jun 5, 2023
diff --git a/package.json b/package.json
index 32754ca3..a77c87cb 100644
--- a/package.json
+++ b/package.json
@@ -14,7 +14,7 @@
   },
   "sideEffects": false,
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "versions": {
     "git": "3.4.3-0-x",
     "npm": "3.4.2"
diff --git a/packages/react-identicon/package.json b/packages/react-identicon/package.json
index 95ce5efa..f1609e11 100644
--- a/packages/react-identicon/package.json
+++ b/packages/react-identicon/package.json
@@ -18,12 +18,12 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "main": "index.js",
   "dependencies": {
     "@polkadot/keyring": "^12.3.1",
-    "@polkadot/ui-settings": "3.4.3-0-x",
-    "@polkadot/ui-shared": "3.4.3-0-x",
+    "@polkadot/ui-settings": "3.5.0",
+    "@polkadot/ui-shared": "3.5.0",
     "@polkadot/util": "^12.3.1",
     "@polkadot/util-crypto": "^12.3.1",
     "ethereum-blockies-base64": "^1.0.2",
diff --git a/packages/react-qr/package.json b/packages/react-qr/package.json
index 9953b465..b8eeb849 100644
--- a/packages/react-qr/package.json
+++ b/packages/react-qr/package.json
@@ -18,10 +18,10 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "main": "index.js",
   "dependencies": {
-    "@polkadot/ui-settings": "3.4.3-0-x",
+    "@polkadot/ui-settings": "3.5.0",
     "@polkadot/util": "^12.3.1",
     "@polkadot/util-crypto": "^12.3.1",
     "qrcode-generator": "^1.4.4",
diff --git a/packages/reactnative-identicon/package.json b/packages/reactnative-identicon/package.json
index 0817df68..7edc72e4 100644
--- a/packages/reactnative-identicon/package.json
+++ b/packages/reactnative-identicon/package.json
@@ -18,10 +18,10 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "main": "index.js",
   "dependencies": {
-    "@polkadot/ui-shared": "3.4.3-0-x",
+    "@polkadot/ui-shared": "3.5.0",
     "@polkadot/util": "^12.3.1",
     "@polkadot/util-crypto": "^12.3.1",
     "react-native-svg": "^12.5.1",
diff --git a/packages/ui-keyring/package.json b/packages/ui-keyring/package.json
index 98259528..ff56cde7 100644
--- a/packages/ui-keyring/package.json
+++ b/packages/ui-keyring/package.json
@@ -17,11 +17,11 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "main": "index.js",
   "dependencies": {
     "@polkadot/keyring": "^12.3.1",
-    "@polkadot/ui-settings": "3.4.3-0-x",
+    "@polkadot/ui-settings": "3.5.0",
     "@polkadot/util": "^12.3.1",
     "@polkadot/util-crypto": "^12.3.1",
     "mkdirp": "^3.0.1",
diff --git a/packages/ui-settings/package.json b/packages/ui-settings/package.json
index 3abb8cd5..9bcece83 100644
--- a/packages/ui-settings/package.json
+++ b/packages/ui-settings/package.json
@@ -18,7 +18,7 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "main": "index.js",
   "dependencies": {
     "@polkadot/networks": "^12.3.1",
diff --git a/packages/ui-shared/package.json b/packages/ui-shared/package.json
index fed72a5d..f8a5dda2 100644
--- a/packages/ui-shared/package.json
+++ b/packages/ui-shared/package.json
@@ -18,7 +18,7 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "main": "index.js",
   "dependencies": {
     "colord": "^2.9.3",
diff --git a/packages/vue-identicon/package.json b/packages/vue-identicon/package.json
index 1df4a71e..271d463e 100644
--- a/packages/vue-identicon/package.json
+++ b/packages/vue-identicon/package.json
@@ -18,10 +18,10 @@
     "./detectPackage.cjs"
   ],
   "type": "module",
-  "version": "3.4.3-0-x",
+  "version": "3.5.0",
   "main": "index.js",
   "dependencies": {
-    "@polkadot/ui-shared": "3.4.3-0-x",
+    "@polkadot/ui-shared": "3.5.0",
     "@polkadot/util": "^12.3.1",
     "@polkadot/util-crypto": "^12.3.1",
     "jdenticon": "3.2.0",
diff --git a/yarn.lock b/yarn.lock
index cc26055b..216a0c84 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1557,8 +1557,8 @@ __metadata:
   resolution: "@polkadot/react-identicon@workspace:packages/react-identicon"
   dependencies:
     "@polkadot/keyring": ^12.3.1
-    "@polkadot/ui-settings": 3.4.3-0-x
-    "@polkadot/ui-shared": 3.4.3-0-x
+    "@polkadot/ui-settings": 3.5.0
+    "@polkadot/ui-shared": 3.5.0
     "@polkadot/util": ^12.3.1
     "@polkadot/util-crypto": ^12.3.1
     "@types/react-copy-to-clipboard": ^5.0.4
@@ -1584,7 +1584,7 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@polkadot/react-qr@workspace:packages/react-qr"
   dependencies:
-    "@polkadot/ui-settings": 3.4.3-0-x
+    "@polkadot/ui-settings": 3.5.0
     "@polkadot/util": ^12.3.1
     "@polkadot/util-crypto": ^12.3.1
     "@types/react-qr-reader": ^2.1.4
@@ -1606,7 +1606,7 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@polkadot/reactnative-identicon@workspace:packages/reactnative-identicon"
   dependencies:
-    "@polkadot/ui-shared": 3.4.3-0-x
+    "@polkadot/ui-shared": 3.5.0
     "@polkadot/util": ^12.3.1
     "@polkadot/util-crypto": ^12.3.1
     "@types/react-native": ^0.72.2
@@ -1625,7 +1625,7 @@ __metadata:
   resolution: "@polkadot/ui-keyring@workspace:packages/ui-keyring"
   dependencies:
     "@polkadot/keyring": ^12.3.1
-    "@polkadot/ui-settings": 3.4.3-0-x
+    "@polkadot/ui-settings": 3.5.0
     "@polkadot/util": ^12.3.1
     "@polkadot/util-crypto": ^12.3.1
     "@types/mkdirp": ^2.0.0
@@ -1641,7 +1641,7 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@polkadot/ui-settings@3.4.3-0-x, @polkadot/ui-settings@workspace:packages/ui-settings":
+"@polkadot/ui-settings@3.5.0, @polkadot/ui-settings@workspace:packages/ui-settings":
   version: 0.0.0-use.local
   resolution: "@polkadot/ui-settings@workspace:packages/ui-settings"
   dependencies:
@@ -1657,7 +1657,7 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@polkadot/ui-shared@3.4.3-0-x, @polkadot/ui-shared@workspace:packages/ui-shared":
+"@polkadot/ui-shared@3.5.0, @polkadot/ui-shared@workspace:packages/ui-shared":
   version: 0.0.0-use.local
   resolution: "@polkadot/ui-shared@workspace:packages/ui-shared"
   dependencies:
@@ -1712,7 +1712,7 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@polkadot/vue-identicon@workspace:packages/vue-identicon"
   dependencies:
-    "@polkadot/ui-shared": 3.4.3-0-x
+    "@polkadot/ui-shared": 3.5.0
     "@polkadot/util": ^12.3.1
     "@polkadot/util-crypto": ^12.3.1
     jdenticon: 3.2.0