diff --git a/gradle.properties b/gradle.properties
index ec1cba268610ad4349d31e074750b583430002cb..7969ecbf08d77da54610b8fdf6eb301ef3bfa9fa 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -9,7 +9,7 @@ rust.msrv=1.61.0
 org.gradle.jvmargs=-Xmx1024M
 
 # Version number to use for the generated runtime crates
-smithy.rs.runtime.crate.version=0.49.0
+smithy.rs.runtime.crate.version=0.50.0
 
 kotlin.code.style=official