diff --git a/.github/workflows/linter.yml b/.github/workflows/linter.yml
index 3cad2596..f0a27bbd 100644
--- a/.github/workflows/linter.yml
+++ b/.github/workflows/linter.yml
@@ -199,8 +199,8 @@ jobs:
         run: |
           mv $PROJECT_NAME ${{ runner.temp }}/
           sed -i "s/root/Concordium <developers@concordium.com>/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
-          sed -i "s/{version = \"6.2\", default-features = false}/{path = \"..\/..\/concordium-std\", default-features = false}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
-          sed -i "s/{version = \"3.1\", default-features = false}/{path = \"..\/..\/concordium-cis2\", default-features = false}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
+          sed -i "s/{version = \"7.0\", default-features = false}/{path = \"..\/..\/concordium-std\", default-features = false}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
+          sed -i "s/{version = \"4.0\", default-features = false}/{path = \"..\/..\/concordium-cis2\", default-features = false}/g" ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml
           diff ${{ runner.temp }}/$PROJECT_NAME/Cargo.toml examples/cis2-nft/Cargo.toml
           diff ${{ runner.temp }}/$PROJECT_NAME/src/lib.rs examples/cis2-nft/src/lib.rs
 
diff --git a/concordium-cis2/CHANGELOG.md b/concordium-cis2/CHANGELOG.md
index a3ef2953..cd441e72 100644
--- a/concordium-cis2/CHANGELOG.md
+++ b/concordium-cis2/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 ## Unreleased changes
 
+## concordium-cis2 4.0.0 (2023-06-16)
+
+- Bump concordium-std to version 7.
+
 ## concordium-cis2 3.1.0 (2023-05-08)
 
 - Derive `PartialEq` and `Eq` for the `MetadataUrl` from the CIS2 library.
diff --git a/concordium-contracts-common b/concordium-contracts-common
index 79f73e24..b87380dd 160000
--- a/concordium-contracts-common
+++ b/concordium-contracts-common
@@ -1 +1 @@
-Subproject commit 79f73e24a9b0d12a92fb40e4fe006415006582ed
+Subproject commit b87380ddb373dd4bfe120f2e51e88be98210f6f3
diff --git a/concordium-std/CHANGELOG.md b/concordium-std/CHANGELOG.md
index 0fc467d4..7423c7fd 100644
--- a/concordium-std/CHANGELOG.md
+++ b/concordium-std/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Unreleased changes
 
+## concordium-std 7.0.0 (2023-06-16)
+
 - Set minimum Rust version to 1.65.
 - Move `MetadataUrl` from the CIS-2 library to `concordium-std` along with the schema and serialization to make it available to other CIS standards.
 - Change the `MetadataUrl` schema: use hex string representation for `hash`.
diff --git a/concordium-std/Cargo.toml b/concordium-std/Cargo.toml
index 394074be..40d27791 100644
--- a/concordium-std/Cargo.toml
+++ b/concordium-std/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "concordium-std"
-version = "6.2.0"
+version = "7.0.0"
 authors = ["Concordium <developers@concordium.com>"]
 edition = "2021"
 rust-version = "1.65"
@@ -23,7 +23,7 @@ getrandom = { version = "0.2", features = ["custom"], optional = true }
 
 [dependencies.concordium-contracts-common]
 path = "../concordium-contracts-common/concordium-contracts-common"
-version = "6.0"
+version = "7.0"
 default-features = false
 features = ["smart-contract"]
 
diff --git a/examples/credential-registry/Cargo.toml b/examples/credential-registry/Cargo.toml
index ef44b35f..32674bd0 100644
--- a/examples/credential-registry/Cargo.toml
+++ b/examples/credential-registry/Cargo.toml
@@ -15,7 +15,7 @@ wee_alloc = ["concordium-std/wee_alloc"]
 crypto-primitives = ["concordium-std/crypto-primitives"]
 
 [dependencies]
-concordium-std = {path = "../../concordium-std", version="6.2", features = ["concordium-quickcheck"], default-features = false}
+concordium-std = {path = "../../concordium-std", version="7.0", features = ["concordium-quickcheck"], default-features = false}
 quickcheck = {version = "1"}
 
 [lib]
diff --git a/templates/cis2-nft/Cargo.toml b/templates/cis2-nft/Cargo.toml
index 16edee48..e92d211b 100644
--- a/templates/cis2-nft/Cargo.toml
+++ b/templates/cis2-nft/Cargo.toml
@@ -12,8 +12,8 @@ std = ["concordium-std/std", "concordium-cis2/std"]
 wee_alloc = ["concordium-std/wee_alloc"]
 
 [dependencies]
-concordium-std = {version = "6.2", default-features = false}
-concordium-cis2 = {version = "3.1", default-features = false}
+concordium-std = {version = "7.0", default-features = false}
+concordium-cis2 = {version = "4.0", default-features = false}
 
 [lib]
 crate-type=["cdylib", "rlib"]
diff --git a/templates/default/Cargo.toml b/templates/default/Cargo.toml
index abfb7973..271ebd7a 100644
--- a/templates/default/Cargo.toml
+++ b/templates/default/Cargo.toml
@@ -14,7 +14,7 @@ std = ["concordium-std/std"]
 wee_alloc = ["concordium-std/wee_alloc"]
 
 [dependencies]
-concordium-std = {version = "6.2", default-features = false}
+concordium-std = {version = "7.0", default-features = false}
 
 [lib]
 crate-type=["cdylib", "rlib"]