diff --git a/Cargo.lock b/Cargo.lock
index e72b94b36..fa719a4fa 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -994,7 +994,7 @@ checksum = "8c3c1a368f70d6cf7302d78f8f7093da241fb8e8807c05cc9e51a125895a6d5b"
 
 [[package]]
 name = "bifrost-benchpress"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "bytes",
@@ -1561,7 +1561,7 @@ dependencies = [
 
 [[package]]
 name = "codederror"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "codederror-derive",
  "thiserror 2.0.11",
@@ -4532,7 +4532,7 @@ dependencies = [
 
 [[package]]
 name = "mock-service-endpoint"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "assert2",
  "async-stream",
@@ -6306,7 +6306,7 @@ dependencies = [
 
 [[package]]
 name = "restate-admin"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -6369,7 +6369,7 @@ dependencies = [
 
 [[package]]
 name = "restate-admin-rest-model"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "bytes",
  "derive_more",
@@ -6388,7 +6388,7 @@ dependencies = [
 
 [[package]]
 name = "restate-base64-util"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "base64 0.22.1",
  "workspace-hack",
@@ -6396,7 +6396,7 @@ dependencies = [
 
 [[package]]
 name = "restate-benchmarks"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -6423,7 +6423,7 @@ dependencies = [
 
 [[package]]
 name = "restate-bifrost"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6477,7 +6477,7 @@ dependencies = [
 
 [[package]]
 name = "restate-cli"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -6545,7 +6545,7 @@ dependencies = [
 
 [[package]]
 name = "restate-cli-util"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -6569,7 +6569,7 @@ dependencies = [
 
 [[package]]
 name = "restate-core"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "ahash 0.8.11",
  "anyhow",
@@ -6641,7 +6641,7 @@ dependencies = [
 
 [[package]]
 name = "restate-errors"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "codederror",
  "paste",
@@ -6654,7 +6654,7 @@ dependencies = [
 
 [[package]]
 name = "restate-fs-util"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "tokio",
  "tracing",
@@ -6664,7 +6664,7 @@ dependencies = [
 
 [[package]]
 name = "restate-futures-util"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "futures",
@@ -6682,7 +6682,7 @@ dependencies = [
 
 [[package]]
 name = "restate-ingress-http"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "assert2",
@@ -6729,7 +6729,7 @@ dependencies = [
 
 [[package]]
 name = "restate-ingress-kafka"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "base64 0.22.1",
@@ -6760,7 +6760,7 @@ dependencies = [
 
 [[package]]
 name = "restate-invoker-api"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "bytes",
@@ -6777,7 +6777,7 @@ dependencies = [
 
 [[package]]
 name = "restate-invoker-impl"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "assert2",
@@ -6819,7 +6819,7 @@ dependencies = [
 
 [[package]]
 name = "restate-local-cluster-runner"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -6854,7 +6854,7 @@ dependencies = [
 
 [[package]]
 name = "restate-log-server"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6900,7 +6900,7 @@ dependencies = [
 
 [[package]]
 name = "restate-metadata-server"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -6946,7 +6946,7 @@ dependencies = [
 
 [[package]]
 name = "restate-node"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6996,7 +6996,7 @@ dependencies = [
 
 [[package]]
 name = "restate-partition-store"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "bytes",
@@ -7042,7 +7042,7 @@ dependencies = [
 
 [[package]]
 name = "restate-queue"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "bincode",
  "criterion",
@@ -7056,7 +7056,7 @@ dependencies = [
 
 [[package]]
 name = "restate-rocksdb"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "bytes",
@@ -7087,7 +7087,7 @@ dependencies = [
 
 [[package]]
 name = "restate-serde-util"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "bytes",
  "bytesize",
@@ -7105,7 +7105,7 @@ dependencies = [
 
 [[package]]
 name = "restate-server"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "arc-swap",
@@ -7167,7 +7167,7 @@ dependencies = [
 
 [[package]]
 name = "restate-service-client"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "arc-swap",
  "aws-config",
@@ -7213,7 +7213,7 @@ dependencies = [
 
 [[package]]
 name = "restate-service-protocol"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "bytes",
  "bytes-utils",
@@ -7244,7 +7244,7 @@ dependencies = [
 
 [[package]]
 name = "restate-service-protocol-v4"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "assert2",
  "bytes",
@@ -7271,7 +7271,7 @@ dependencies = [
 
 [[package]]
 name = "restate-storage-api"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "bytes",
@@ -7287,7 +7287,7 @@ dependencies = [
 
 [[package]]
 name = "restate-storage-query-datafusion"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "ahash 0.8.11",
  "anyhow",
@@ -7324,7 +7324,7 @@ dependencies = [
 
 [[package]]
 name = "restate-storage-query-postgres"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7355,7 +7355,7 @@ dependencies = [
 
 [[package]]
 name = "restate-test-util"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "assert2",
  "googletest",
@@ -7367,7 +7367,7 @@ dependencies = [
 
 [[package]]
 name = "restate-timer"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "ahash 0.8.11",
  "derive_builder",
@@ -7390,7 +7390,7 @@ dependencies = [
 
 [[package]]
 name = "restate-timer-queue"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "futures",
  "tokio",
@@ -7399,7 +7399,7 @@ dependencies = [
 
 [[package]]
 name = "restate-tracing-instrumentation"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "arc-swap",
  "console-subscriber",
@@ -7428,7 +7428,7 @@ dependencies = [
 
 [[package]]
 name = "restate-types"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "ahash 0.8.11",
  "anyhow",
@@ -7505,7 +7505,7 @@ dependencies = [
 
 [[package]]
 name = "restate-utoipa"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "assert-json-diff",
  "indexmap 2.7.1",
@@ -7517,7 +7517,7 @@ dependencies = [
 
 [[package]]
 name = "restate-wal-protocol"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "assert2",
@@ -7550,7 +7550,7 @@ dependencies = [
 
 [[package]]
 name = "restate-web-ui"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "include_dir",
  "workspace-hack",
@@ -7559,7 +7559,7 @@ dependencies = [
 
 [[package]]
 name = "restate-worker"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "assert2",
@@ -7629,7 +7629,7 @@ dependencies = [
 
 [[package]]
 name = "restatectl"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "bytes",
@@ -8210,7 +8210,7 @@ dependencies = [
 
 [[package]]
 name = "service-protocol-wireshark-dissector"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "bytes",
  "mlua",
@@ -10275,7 +10275,7 @@ checksum = "66fee0b777b0f5ac1c69bb06d361268faafa61cd4682ae064a171c16c433e9e4"
 
 [[package]]
 name = "xtask"
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 dependencies = [
  "anyhow",
  "reqwest",
diff --git a/Cargo.toml b/Cargo.toml
index f0213f10c..fd035a235 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -24,7 +24,7 @@ default-members = [
 resolver = "2"
 
 [workspace.package]
-version = "1.2.0-dev"
+version = "1.2.0-alpha.1"
 authors = ["restate.dev"]
 edition = "2021"
 rust-version = "1.82.0"
diff --git a/charts/restate-helm/Chart.yaml b/charts/restate-helm/Chart.yaml
index eb8bd227d..5ff5e7fb9 100644
--- a/charts/restate-helm/Chart.yaml
+++ b/charts/restate-helm/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 name: restate-helm
 description: Deploy a Restate cluster on Kubernetes
 type: application
-version: "1.2.0-dev"
+version: "1.2.0-alpha.1"
 home: https://restate.dev
 sources:
   - https://github.com/restatedev/restate