diff --git a/.github/workflows/crate-bump.yml b/.github/workflows/crate-bump.yml
new file mode 100644
index 000000000000..a563b5c403d0
--- /dev/null
+++ b/.github/workflows/crate-bump.yml
@@ -0,0 +1,100 @@
+name: Bump Rust 🦀 crate versions
+
+on:
+  push:
+    tags:
+      - 'v[0-9]+.[0-9]+'
+      - 'v[0-9]+.[0-9]+.[0-9]+'
+      - 'v[0-9]+.[0-9]+[0-9a-z]+'
+  workflow_dispatch:
+    inputs:
+      dist-location:
+        description: 'Distribution location'
+        type: choice
+        options:
+          - rc
+          - major
+          - minor
+        default: 'rc'
+        required: false
+
+jobs:
+  bump:
+    runs-on: ubuntu-latest
+    timeout-minutes: 120
+    steps:
+    - name: Checkout repository
+      uses: actions/checkout@v4
+      with:
+        # Need to fetch entire history in order to locate the version tag
+        fetch-depth: 0
+
+    - name: Check version tag
+      run: >-
+        git describe --tags --always --dirty=-modded --abbrev=7
+
+    - name: Set up values
+      id: set-values
+      run: |
+        if [[ "${{ github.event.inputs.dist-location }}" != "" ]]; then
+          DISTLOCATION=${{ github.event.inputs.dist-location }}
+        elif [[ "${{ github.ref_type }}" == "tag" ]]; then
+          if [[ "${{ github.ref_name }}" =~ ^v[0-9]+\.[0-9]+$ ]]; then
+            DISTLOCATION="major"
+          elif [[ "${{ github.ref_name }}" =~ ^v[0-9]+\.[0-9]+\.[0-9]+$ ]]; then
+            DISTLOCATION="minor"
+          elif [[ "${{ github.ref_name }}" =~ ^v[0-9]+\.[0-9]+[0-9a-z]+$ ]]; then
+            DISTLOCATION="rc"
+          else
+            echo "Tag format not recognized"
+            exit 1
+          fi
+        else
+          echo "Neither tag nor workflow dispatch"
+          exit 1
+        fi
+        echo "DISTLOCATION=$DISTLOCATION" >> $GITHUB_OUTPUT
+        echo "EVENT DISTLOCATION: ${{ github.event.inputs.dist-location }}"
+        echo "DISTRIBUTION LOCATION: $DISTLOCATION"
+
+    - name: Setup rust
+      uses: dtolnay/rust-toolchain@1.77
+
+    - name: Install cargo release
+      run: |
+        cargo install --locked cargo-release --version 0.25.10
+
+    - name: Bump rc version
+      if: github.repository == 'daywalker90/lightning' && steps.set-values.outputs.DISTLOCATION == 'rc'
+      run: |
+        cargo release version -p cln-rpc -p cln-grpc -p cln-plugin rc --execute --no-confirm
+
+    - name: Bump minor release version
+      if: github.repository == 'daywalker90/lightning' && steps.set-values.outputs.DISTLOCATION == 'major'
+      run: |
+        cargo release version -p cln-rpc -p cln-grpc -p cln-plugin minor --execute --no-confirm
+
+    - name: Bump patch release version
+      if: github.repository == 'daywalker90/lightning' && steps.set-values.outputs.DISTLOCATION == 'minor'
+      run: |
+        cargo release version -p cln-rpc -p cln-grpc -p cln-plugin patch --execute --no-confirm
+
+    - name: Create Pull Request
+      if: github.repository == 'ElementsProject/lightning'
+      uses: peter-evans/create-pull-request@v7
+      with:
+        token: ${{ secrets.GITHUB_TOKEN }}
+        commit-message: "crates: Bump crate versions for ${{ github.ref_name }}"
+        title: "Bump crate versions for ${{ github.ref_name }}"
+        body: |
+          This PR bumps the crate versions for:
+          - cln-rpc
+          - cln-grpc
+          - cln-plugin
+
+          Triggered by tag: ${{ github.ref_name }}
+          Distribution location: ${{ steps.set-values.outputs.DISTLOCATION }}
+        branch: "bump-crate-versions-${{ github.ref_name }}"
+        base: master
+        labels: version-bump, automated
+        delete-branch: true
\ No newline at end of file
diff --git a/Cargo.toml b/Cargo.toml
index a24609f9f5f6..7445132b033e 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -11,3 +11,8 @@ members = [
     "plugins/rest-plugin",
     "plugins/lsps-plugin",
 ]
+
+[workspace.dependencies]
+cln-rpc = { path = "cln-rpc", version = "0.4.0" }
+cln-grpc = { path = "cln-grpc", version = "0.4.1" }
+cln-plugin = { path = "plugins", version = "0.4.0" }
diff --git a/cln-grpc/Cargo.toml b/cln-grpc/Cargo.toml
index 05963ecebccb..7a53125787ae 100644
--- a/cln-grpc/Cargo.toml
+++ b/cln-grpc/Cargo.toml
@@ -15,7 +15,7 @@ server = ["cln-rpc"]
 [dependencies]
 anyhow = "1.0"
 log = "0.4"
-cln-rpc = { path = "../cln-rpc/", version = "0.4", optional = true }
+cln-rpc = { workspace = true, optional = true }
 cfg-if = "1.0"
 serde = { version = "1.0", features = ["derive"] }
 tonic = { version = "0.11", features = ["tls", "transport"] }
@@ -29,7 +29,7 @@ tokio-util = "0.7.10"
 
 [dev-dependencies]
 serde_json = "1.0.72"
-cln-rpc = { path = "../cln-rpc/", version = "0.4" }
+cln-rpc = { workspace = true }
 
 [build-dependencies]
 tonic-build = "0.11"
diff --git a/plugins/Cargo.toml b/plugins/Cargo.toml
index e6c9042d9ec5..bc895e1a0be2 100644
--- a/plugins/Cargo.toml
+++ b/plugins/Cargo.toml
@@ -27,4 +27,4 @@ tracing = { version = "^0.1", features = ["async-await", "log"] }
 
 [dev-dependencies]
 tokio = { version = "1", features = ["macros", "rt-multi-thread", ] }
-cln-grpc = { version = "0.4", path = "../cln-grpc" }
+cln-grpc = { workspace = true }
diff --git a/plugins/grpc-plugin/Cargo.toml b/plugins/grpc-plugin/Cargo.toml
index c8ef03689a50..3e89109400c4 100644
--- a/plugins/grpc-plugin/Cargo.toml
+++ b/plugins/grpc-plugin/Cargo.toml
@@ -17,9 +17,9 @@ anyhow = "1.0"
 log = "0.4"
 rcgen = { version = "0.13.1", features = ["pem", "x509-parser"] }
 prost = "0.12"
-cln-grpc = { version = "0.4", features = ["server"], path = "../../cln-grpc"}
-cln-plugin = { version = "0.4", path = "../../plugins" }
-cln-rpc = { version = "0.4", path = "../../cln-rpc" }
+cln-grpc = { workspace = true, features = ["server"]}
+cln-plugin = { workspace = true }
+cln-rpc = { workspace = true }
 serde_json = "1.0.113"
 
 [dependencies.tokio]
diff --git a/plugins/lsps-plugin/Cargo.toml b/plugins/lsps-plugin/Cargo.toml
index bbdebe9365d8..4557cebe1615 100644
--- a/plugins/lsps-plugin/Cargo.toml
+++ b/plugins/lsps-plugin/Cargo.toml
@@ -14,8 +14,8 @@ path = "src/service.rs"
 [dependencies]
 anyhow = "1.0"
 async-trait = "0.1"
-cln-plugin = { version = "0.4", path = "../" }
-cln-rpc = { version = "0.4", path = "../../cln-rpc" }
+cln-plugin = { workspace = true }
+cln-rpc = { workspace = true }
 hex = "0.4"
 log = "0.4"
 rand = "0.9"
diff --git a/plugins/rest-plugin/Cargo.toml b/plugins/rest-plugin/Cargo.toml
index aa915d246408..38de46c1b860 100644
--- a/plugins/rest-plugin/Cargo.toml
+++ b/plugins/rest-plugin/Cargo.toml
@@ -27,7 +27,7 @@ utoipa = { version = "5", features = ['axum_extras'] }
 log-panics = "2"
 socketioxide = "0.15"
 
-cln-plugin = { version = "0.4", path = "../../plugins" }
-cln-rpc = { version = "0.4", path = "../../cln-rpc" }
+cln-plugin = { workspace = true }
+cln-rpc = { workspace = true }
 utoipa-swagger-ui = { version = "9.0.0", features = ["vendored", "axum"] }