diff --git a/sdk/identity/azure-identity/CHANGELOG.md b/sdk/identity/azure-identity/CHANGELOG.md
index 023fd22cf..08c6614b0 100644
--- a/sdk/identity/azure-identity/CHANGELOG.md
+++ b/sdk/identity/azure-identity/CHANGELOG.md
@@ -1,10 +1,20 @@
 # Release History
 
+## 1.6.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.5.1 (2023-07-06)
 
 ### Bugs Fixed
 
-- [#4723]](https://github.com/Azure/azure-sdk-for-cpp/issues/4723) Accept a wider variety of token responses.
+- [[#4723]](https://github.com/Azure/azure-sdk-for-cpp/issues/4723) Accept a wider variety of token responses.
 
 ## 1.5.0 (2023-05-04)
 
diff --git a/sdk/identity/azure-identity/src/private/package_version.hpp b/sdk/identity/azure-identity/src/private/package_version.hpp
index 9fcddfcb3..504e7b345 100644
--- a/sdk/identity/azure-identity/src/private/package_version.hpp
+++ b/sdk/identity/azure-identity/src/private/package_version.hpp
@@ -11,9 +11,9 @@
 #include <cstdint>
 
 #define AZURE_IDENTITY_VERSION_MAJOR 1
-#define AZURE_IDENTITY_VERSION_MINOR 5
-#define AZURE_IDENTITY_VERSION_PATCH 1
-#define AZURE_IDENTITY_VERSION_PRERELEASE ""
+#define AZURE_IDENTITY_VERSION_MINOR 6
+#define AZURE_IDENTITY_VERSION_PATCH 0
+#define AZURE_IDENTITY_VERSION_PRERELEASE "beta.1"
 
 #define AZURE_IDENTITY_VERSION_ITOA_HELPER(i) #i
 #define AZURE_IDENTITY_VERSION_ITOA(i) AZURE_IDENTITY_VERSION_ITOA_HELPER(i)