diff --git a/build/dependencies.props b/build/dependencies.props
index 25846a0b8..a9214c9f2 100644
--- a/build/dependencies.props
+++ b/build/dependencies.props
@@ -5,7 +5,7 @@
     <GoogleProtobufPackageVersion>3.23.1</GoogleProtobufPackageVersion>
     <GrpcDotNetPackageVersion>2.52.0</GrpcDotNetPackageVersion>  <!-- Used by example projects -->
     <GrpcPackageVersion>2.46.6</GrpcPackageVersion>
-    <GrpcToolsPackageVersion>2.55.1</GrpcToolsPackageVersion>
+    <GrpcToolsPackageVersion>2.56.0</GrpcToolsPackageVersion>
     <MicrosoftAspNetCoreAppPackageVersion>7.0.0</MicrosoftAspNetCoreAppPackageVersion>
     <MicrosoftAspNetCoreApp6PackageVersion>6.0.11</MicrosoftAspNetCoreApp6PackageVersion>
     <MicrosoftAspNetCoreApp5PackageVersion>5.0.3</MicrosoftAspNetCoreApp5PackageVersion>
diff --git a/build/version.props b/build/version.props
index 5e9b1c179..e2fbb0874 100644
--- a/build/version.props
+++ b/build/version.props
@@ -2,13 +2,13 @@
   <PropertyGroup>
 
     <!-- package version of grpc-dotnet -->
-    <GrpcDotnetVersion>2.55.0-dev</GrpcDotnetVersion>
+    <GrpcDotnetVersion>2.56.0-dev</GrpcDotnetVersion>
     
     <!-- assembly version of grpc-dotnet -->
     <GrpcDotnetAssemblyVersion>2.0.0.0</GrpcDotnetAssemblyVersion>
 
     <!-- file version of all grpc-dotnet -->
-    <GrpcDotnetAssemblyFileVersion>2.55.0.0</GrpcDotnetAssemblyFileVersion>
+    <GrpcDotnetAssemblyFileVersion>2.56.0.0</GrpcDotnetAssemblyFileVersion>
 
   </PropertyGroup>
 </Project>
diff --git a/src/Grpc.Core.Api/VersionInfo.cs b/src/Grpc.Core.Api/VersionInfo.cs
index f7061aa52..5f5794a9a 100644
--- a/src/Grpc.Core.Api/VersionInfo.cs
+++ b/src/Grpc.Core.Api/VersionInfo.cs
@@ -36,10 +36,10 @@ public static class VersionInfo
     /// <summary>
     /// Current <c>AssemblyFileVersion</c> of gRPC C# assemblies
     /// </summary>
-    public const string CurrentAssemblyFileVersion = "2.55.0.0";
+    public const string CurrentAssemblyFileVersion = "2.56.0.0";
 
     /// <summary>
     /// Current version of gRPC C#
     /// </summary>
-    public const string CurrentVersion = "2.55.0-dev";
+    public const string CurrentVersion = "2.56.0-dev";
 }