diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2a4f3b84..35fafb44 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## [0.127.31](https://github.com/googleapis/java-storage-nio/compare/v0.127.30...v0.127.31) (2025-02-13)
+
+
+### Dependencies
+
+* Update dependency com.google.cloud:google-cloud-storage to v2.48.1 ([#1533](https://github.com/googleapis/java-storage-nio/issues/1533)) ([f6b9472](https://github.com/googleapis/java-storage-nio/commit/f6b9472fb1970a0ad5865f4d95b9f97c9102fd6d))
+* Update dependency com.google.cloud:google-cloud-storage to v2.48.2 ([#1537](https://github.com/googleapis/java-storage-nio/issues/1537)) ([74b2803](https://github.com/googleapis/java-storage-nio/commit/74b2803e3270ada80c004cdd86fe42c47b9b8d3d))
+* Update dependency com.google.cloud:sdk-platform-java-config to v3.43.0 ([#1536](https://github.com/googleapis/java-storage-nio/issues/1536)) ([d024538](https://github.com/googleapis/java-storage-nio/commit/d0245387989f1c371f7545807ef030df1c21c67b))
+
 ## [0.127.30](https://github.com/googleapis/java-storage-nio/compare/v0.127.29...v0.127.30) (2025-01-28)
 
 
diff --git a/google-cloud-nio-bom/pom.xml b/google-cloud-nio-bom/pom.xml
index 7144b997..9f75da36 100644
--- a/google-cloud-nio-bom/pom.xml
+++ b/google-cloud-nio-bom/pom.xml
@@ -3,7 +3,7 @@
     <modelVersion>4.0.0</modelVersion>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-nio-bom</artifactId>
-    <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+    <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
     <packaging>pom</packaging>
     <parent>
         <groupId>com.google.cloud</groupId>
@@ -54,7 +54,7 @@
         <dependency>
           <groupId>com.google.cloud</groupId>
           <artifactId>google-cloud-nio</artifactId>
-          <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+          <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
         </dependency>
       </dependencies>
     </dependencyManagement>
diff --git a/google-cloud-nio-examples/pom.xml b/google-cloud-nio-examples/pom.xml
index a0780869..86202806 100644
--- a/google-cloud-nio-examples/pom.xml
+++ b/google-cloud-nio-examples/pom.xml
@@ -2,7 +2,7 @@
 <project xmlns="http://maven.apache.org/POM/4.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
   <modelVersion>4.0.0</modelVersion>
   <artifactId>google-cloud-nio-examples</artifactId>
-  <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+  <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud NIO Examples</name>
   <url>https://github.com/googleapis/java-storage-nio</url>
@@ -13,7 +13,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-nio-parent</artifactId>
-    <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+    <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/google-cloud-nio-retrofit/pom.xml b/google-cloud-nio-retrofit/pom.xml
index 79d02b5e..491f5d71 100644
--- a/google-cloud-nio-retrofit/pom.xml
+++ b/google-cloud-nio-retrofit/pom.xml
@@ -2,7 +2,7 @@
 <project xmlns="http://maven.apache.org/POM/4.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
   <modelVersion>4.0.0</modelVersion>
   <artifactId>google-cloud-nio-retrofit</artifactId>
-  <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+  <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud NIO Retrofit Example</name>
   <url>https://github.com/googleapis/java-storage-nio</url>
@@ -12,7 +12,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-nio-parent</artifactId>
-    <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+    <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-nio-retrofit</site.installationModule>
diff --git a/google-cloud-nio/pom.xml b/google-cloud-nio/pom.xml
index da24e6ff..9cf593ea 100644
--- a/google-cloud-nio/pom.xml
+++ b/google-cloud-nio/pom.xml
@@ -2,7 +2,7 @@
 <project xmlns="http://maven.apache.org/POM/4.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
   <modelVersion>4.0.0</modelVersion>
   <artifactId>google-cloud-nio</artifactId>
-  <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+  <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud NIO</name>
   <url>https://github.com/googleapis/java-storage-nio</url>
@@ -12,7 +12,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-nio-parent</artifactId>
-    <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+    <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-nio</site.installationModule>
diff --git a/pom.xml b/pom.xml
index 492cc868..c065b8bf 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-nio-parent</artifactId>
   <packaging>pom</packaging>
-  <version>0.127.31-SNAPSHOT</version><!-- {x-version-update:google-cloud-nio:current} -->
+  <version>0.127.31</version><!-- {x-version-update:google-cloud-nio:current} -->
   <name>Storage Parent</name>
   <url>https://github.com/googleapis/java-storage-nio</url>
   <description>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index d20e4a60..bcb665db 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,7 +28,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-nio</artifactId>
-      <version>0.127.31-SNAPSHOT</version>
+      <version>0.127.31</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/versions.txt b/versions.txt
index 65be40fe..45dadbec 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-nio:0.127.30:0.127.31-SNAPSHOT
\ No newline at end of file
+google-cloud-nio:0.127.31:0.127.31
\ No newline at end of file