diff --git a/CHANGELOG.md b/CHANGELOG.md
index a4a230ddc4..1978f183b0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,24 @@
 # Aries Cloud Agent Python Changelog
 
+## 0.12.4
+
+### January 30, 2025
+
+A patch release to upgrade [Askar](https://github.com/openwallet-foundation/askar) to [0.4.3](https://github.com/openwallet-foundation/askar/releases/tag/v0.4.3) and fixes a problem with wallet names in a multitenant, single-wallet configuration.
+
+Addresses the problem outlined in [#3471](https://github.com/openwallet-foundation/acapy/issues/3471) around profiles in multi-tenant/single wallet deployments. The update to Askar addresses an intermittent hang on startup, and a dependency change that can result in a substantial performance improvement in some cases. See issues: [openwallet-foundation/askar#350](https://github.com/openwallet-foundation/askar/pull/350), [openwallet-foundation/askar#351](https://github.com/openwallet-foundation/askar/pull/351), [openwallet-foundation/askar#354](https://github.com/openwallet-foundation/askar/pull/354). This [comment on one of the PRs](https://github.com/openwallet-foundation/askar/pull/350#issuecomment-2615727109) describes the scenario where a substantial performance improvement was seen as a result of the change in Askar.
+
+### 0.12.4 Breaking Changes
+
+There are no breaking changes in this release.
+
+#### 0.12.4 Categorized List of Pull Requests
+
+- Multitenant Single Wallet Configurations
+  - 0.12 LTS: Askar upgrade and fix profile unique names [\#3475](https://github.com/openwallet-foundation/acapy/pull/3475)
+- Release management pull requests
+  - 0.12.4 [\#3481](https://github.com/hyperledger/aries-cloudagent-python/pull/3481) [swcurran](https://github.com/swcurran)
+
 ## 0.12.3
 
 ### December 17, 2024
diff --git a/docs/features/DIDResolution.md b/docs/features/DIDResolution.md
index acc6fa47bd..6f86add255 100644
--- a/docs/features/DIDResolution.md
+++ b/docs/features/DIDResolution.md
@@ -176,7 +176,7 @@ plugin:
 The following is a fully functional Dockerfile encapsulating this setup:
 
 ```dockerfile=
-FROM ghcr.io/hyperledger/aries-cloudagent-python:py3.9-0.12.3
+FROM ghcr.io/hyperledger/aries-cloudagent-python:py3.9-0.12.4
 RUN pip3 install git+https://github.com/dbluhm/acapy-resolver-github
 
 CMD ["aca-py", "start", "-it", "http", "0.0.0.0", "3000", "-ot", "http", "-e", "http://localhost:3000", "--admin", "0.0.0.0", "3001", "--admin-insecure-mode", "--no-ledger", "--plugin", "acapy_resolver_github"]
diff --git a/docs/features/SupportedRFCs.md b/docs/features/SupportedRFCs.md
index 79c000d598..14386ca7ad 100644
--- a/docs/features/SupportedRFCs.md
+++ b/docs/features/SupportedRFCs.md
@@ -8,7 +8,7 @@ ACA-Py or the repository `main` branch. Reminders (and PRs!) to update this page
 welcome! If you have any questions, please contact us on the #aries channel on
 [Hyperledger Discord](https://discord.gg/hyperledger) or through an issue in this repo.
 
-**Last Update**: 2024-12-17, Release 0.12.3
+**Last Update**: 2025-01-30, Release 0.12.4
 
 > The checklist version of this document was created as a joint effort
 > between [Northern Block](https://northernblock.io/), [Animo Solutions](https://animo.id/) and the Ontario government, on behalf of the Ontario government.
diff --git a/open-api/openapi.json b/open-api/openapi.json
index dc5588e9a5..d7d2ce17af 100644
--- a/open-api/openapi.json
+++ b/open-api/openapi.json
@@ -2,7 +2,7 @@
   "openapi" : "3.0.1",
   "info" : {
     "title" : "Aries Cloud Agent",
-    "version" : "v0.12.3"
+    "version" : "v0.12.4"
   },
   "servers" : [ {
     "url" : "/"
diff --git a/open-api/swagger.json b/open-api/swagger.json
index 30b465fb16..6b9afd6862 100644
--- a/open-api/swagger.json
+++ b/open-api/swagger.json
@@ -1,7 +1,7 @@
 {
   "swagger" : "2.0",
   "info" : {
-    "version" : "v0.12.3",
+    "version" : "v0.12.4",
     "title" : "Aries Cloud Agent"
   },
   "tags" : [ {
diff --git a/pyproject.toml b/pyproject.toml
index b14aa7bb31..1fee1fc9b7 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "aries_cloudagent"
-version = "0.12.3"
+version = "0.12.4"
 description = "Hyperledger Aries Cloud Agent Python (ACA-Py) is a foundation for building decentralized identity applications and services running in non-mobile environments. "
 authors = ["Hyperledger Aries <aries@lists.hyperledger.org>"]
 license = "Apache-2.0"