diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index 36c324b..e66c87c 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -5,6 +5,6 @@
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "3.22.1.dev0"
+version = __version__ = "3.23.0"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index 82205ee..8286f11 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+3.23.0 (released 2018-02-26)
+----------------------------
+
 - [designspaceLib] Added an optional ``lib`` element to the designspace as a
   whole, as well as to the instance elements, to store arbitrary data in a
   property list dictionary, similar to the UFO's ``lib``. Added an optional
diff --git a/setup.cfg b/setup.cfg
index 706d925..1c035da 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 3.22.1.dev0
+current_version = 3.23.0
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 7b817f8..0e4cbd4 100755
--- a/setup.py
+++ b/setup.py
@@ -309,7 +309,7 @@
 
 setup(
 	name="fonttools",
-	version="3.22.1.dev0",
+	version="3.23.0",
 	description="Tools to manipulate font files",
 	author="Just van Rossum",
 	author_email="just@letterror.com",