diff --git a/Cargo.lock b/Cargo.lock
index 827c6575a5..da97d4358d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2451,7 +2451,7 @@ dependencies = [
 
 [[package]]
 name = "development-runtime"
-version = "0.10.45"
+version = "0.10.46"
 dependencies = [
  "axelar-gateway-precompile",
  "cfg-primitives",
diff --git a/runtime/development/Cargo.toml b/runtime/development/Cargo.toml
index 146f65908b..bba22e3318 100644
--- a/runtime/development/Cargo.toml
+++ b/runtime/development/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "development-runtime"
-version = "0.10.45"
+version = "0.10.46"
 build = "build.rs"
 authors.workspace = true
 edition.workspace = true
diff --git a/runtime/development/src/lib.rs b/runtime/development/src/lib.rs
index 811c4f79fe..6e1e90cb08 100644
--- a/runtime/development/src/lib.rs
+++ b/runtime/development/src/lib.rs
@@ -157,7 +157,7 @@ pub const VERSION: RuntimeVersion = RuntimeVersion {
 	spec_name: create_runtime_str!("centrifuge-devel"),
 	impl_name: create_runtime_str!("centrifuge-devel"),
 	authoring_version: 1,
-	spec_version: 1045,
+	spec_version: 1046,
 	impl_version: 1,
 	#[cfg(not(feature = "disable-runtime-api"))]
 	apis: RUNTIME_API_VERSIONS,
@@ -2039,7 +2039,7 @@ pub type Executive = frame_executive::Executive<
 	frame_system::ChainContext<Runtime>,
 	Runtime,
 	AllPalletsWithSystem,
-	crate::migrations::UpgradeDevelopment1045,
+	crate::migrations::UpgradeDevelopment1046,
 >;
 
 // Frame Order in this block dictates the index of each one in the metadata
diff --git a/runtime/development/src/migrations.rs b/runtime/development/src/migrations.rs
index ec3bd8edcf..536827866f 100644
--- a/runtime/development/src/migrations.rs
+++ b/runtime/development/src/migrations.rs
@@ -12,4 +12,4 @@
 
 /// The migration set for Development & Demo.
 /// It includes all the migrations that have to be applied on that chain.
-pub type UpgradeDevelopment1045 = ();
+pub type UpgradeDevelopment1046 = ();