diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 15ddd23..25b97a8 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,10 +1,10 @@
 [bumpversion]
-current_version = 2021.12.0
+current_version = 2022.05.0
 commit = True
 tag = True
 tag_name = {new_version}
 parse = (?P<year>\d+)\.(?P<month>\d+)\.(?P<release>\d+)(?:rc(?P<rc>\d+))?
-serialize =
+serialize = 
 	{year}.{month}.{release}rc{rc}
 	{year}.{month}.{release}
 
@@ -13,7 +13,7 @@ serialize =
 [bumpversion:file:docker-compose.yml]
 
 [bumpversion:part:month]
-values =
+values = 
 	01
 	02
 	03
diff --git a/README.md b/README.md
index f6dbc7f..54c4c8d 100644
--- a/README.md
+++ b/README.md
@@ -159,11 +159,11 @@ can identify this, if there is an `rcX` at the end of the version (E.g. `2019.03
 [latest full release](https://github.com/raiden-network/raiden-service-bundle/releases/latest). If the version is
 different from what you see below, you should stick to the "full release" and replace the version accordingly.
 
-1. Clone the [current release version of this repository](https://github.com/raiden-network/raiden-service-bundle/tree/2021.12.0)
+1. Clone the [current release version of this repository](https://github.com/raiden-network/raiden-service-bundle/tree/2022.05.0)
    to a suitable location on the server:
 
    ```shell
-   git clone -b 2021.12.0 https://github.com/raiden-network/raiden-service-bundle.git
+   git clone -b 2022.05.0 https://github.com/raiden-network/raiden-service-bundle.git
    ```
 1. Copy `.env.template` to `.env` and modify the values to fit your setup. Please read [Configuring the `.env` file](#configuring-the-env-file) for detailed information.
    - We would appreciate it if you allow us access to the monitoring interfaces
diff --git a/docker-compose.yml b/docker-compose.yml
index 47582e5..01e3e66 100644
--- a/docker-compose.yml
+++ b/docker-compose.yml
@@ -5,11 +5,11 @@ x-versions:
   services: &IMAGE_RAIDEN_SERVICES_VERSION
     image: raidennetwork/raiden-services:v2.0.0
   db: &IMAGE_DB_VERSION
-    image: raidennetwork/raiden-service-bundle:2021.12.0-db
+    image: raidennetwork/raiden-service-bundle:2022.05.0-db
   synapse: &IMAGE_SYNAPSE_VERSION
-    image: raidennetwork/raiden-service-bundle:2021.12.0-synapse
+    image: raidennetwork/raiden-service-bundle:2022.05.0-synapse
   well-known-server: &IMAGE_WELL_KNOWN_VERSION
-    image: raidennetwork/raiden-service-bundle:2021.12.0-well_known_server
+    image: raidennetwork/raiden-service-bundle:2022.05.0-well_known_server
   redis: &IMAGE_REDIS_VERSION
     image: redis:6.0
   metrics_db: &IMAGE_METRICS_DB_VERSION