diff --git a/CHANGELOG.md b/CHANGELOG.md
index fa285f79..856bbbcc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -129,3 +129,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Removed
 - Removed `mpi4py` from install instructions on the README
+
+## [0.5.3]
+### Changed
+- Bug fixes to the GUI and QKD tests
diff --git a/docs/source/conf.py b/docs/source/conf.py
index 19bc749a..77e91052 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -22,7 +22,7 @@
 author = 'Xiaoliang Wu, Joaquin Chung, Alexander Kolar, Eugene Wang, Tian Zhong, Rajkumar Kettimuthu, Martin Suchara'
 
 # The full version, including alpha/beta/rc tags
-release = '0.5.2'
+release = '0.5.3'
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/setup.py b/setup.py
index c0ec363f..f71c8192 100644
--- a/setup.py
+++ b/setup.py
@@ -2,7 +2,7 @@
 
 setup(
     name="sequence",
-    version="0.5.2",
+    version="0.5.3",
     author="Xiaoliang Wu, Joaquin Chung, Alexander Kolar, Alexander Kiefer, Eugene Wang, Tian Zhong, Rajkumar Kettimuthu, Martin Suchara",
     author_email="xwu64@hawk.iit.edu, chungmiranda@anl.gov, akolar@anl.gov, akiefer@iu.edu, eugenewang@yahoo.com, tzh@uchicago.edu, kettimut@mcs.anl.gov, msuchara@anl.gov",
     description="Simulator of Quantum Network Communication: SEQUENCE-Python is a prototype version of the official SEQUENCE release.",