diff --git a/package.json b/package.json
index 062888cf..d646cd59 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@axelar-network/axelarjs-sdk",
-  "version": "0.16.2",
+  "version": "0.16.3",
   "description": "The JavaScript SDK for Axelar Network",
   "repository": {
     "type": "git",