diff --git a/first-party-dependencies/pom.xml b/first-party-dependencies/pom.xml
index 9cd944a6..6c3d627a 100644
--- a/first-party-dependencies/pom.xml
+++ b/first-party-dependencies/pom.xml
@@ -6,7 +6,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>first-party-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>2.3.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>2.3.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Google Cloud First-party Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
diff --git a/pom.xml b/pom.xml
index 9f13e5ea..98e29429 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-shared-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>2.3.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>2.3.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <modules>
     <module>first-party-dependencies</module>
     <module>third-party-dependencies</module>
@@ -65,14 +65,14 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>first-party-dependencies</artifactId>
-        <version>2.3.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+        <version>2.3.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
         <type>pom</type>
         <scope>import</scope>
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>third-party-dependencies</artifactId>
-        <version>2.3.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+        <version>2.3.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/third-party-dependencies/pom.xml b/third-party-dependencies/pom.xml
index e50b438c..d56c804d 100644
--- a/third-party-dependencies/pom.xml
+++ b/third-party-dependencies/pom.xml
@@ -6,7 +6,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>third-party-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>2.3.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>2.3.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Google Cloud Third-party Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
diff --git a/upper-bound-check/pom.xml b/upper-bound-check/pom.xml
index 3d80c9f0..8c33a979 100644
--- a/upper-bound-check/pom.xml
+++ b/upper-bound-check/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>shared-dependencies-upper-bound-test</artifactId>
   <packaging>pom</packaging>
-  <version>2.3.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>2.3.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Upper bound test for Google Cloud Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
@@ -53,7 +53,7 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-shared-dependencies</artifactId>
-        <version>2.3.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+        <version>2.3.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/versions.txt b/versions.txt
index 1af47c14..5b84fd0a 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-shared-dependencies:2.3.0:2.3.0
\ No newline at end of file
+google-cloud-shared-dependencies:2.3.0:2.3.1-SNAPSHOT
\ No newline at end of file