diff --git a/Cargo.lock b/Cargo.lock
index 38558eb11f..9d8cc8d431 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -6136,7 +6136,7 @@ dependencies = [
 
 [[package]]
 name = "zip321"
-version = "0.0.0"
+version = "0.1.0"
 dependencies = [
  "base64 0.21.7",
  "nom",
diff --git a/Cargo.toml b/Cargo.toml
index be044848b9..103863ea8b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -37,7 +37,7 @@ zcash_client_backend = { version = "0.12", path = "zcash_client_backend" }
 zcash_encoding = { version = "0.2.1", path = "components/zcash_encoding" }
 zcash_keys = { version = "0.3", path = "zcash_keys" }
 zcash_protocol = { version = "0.2", path = "components/zcash_protocol" }
-zip321 = { version = "0.0", path = "components/zip321" }
+zip321 = { version = "0.1", path = "components/zip321" }
 
 zcash_note_encryption = "0.4"
 zcash_primitives = { version = "0.16", path = "zcash_primitives", default-features = false }
diff --git a/components/zip321/CHANGELOG.md b/components/zip321/CHANGELOG.md
index e91358eb42..a9e6bf168f 100644
--- a/components/zip321/CHANGELOG.md
+++ b/components/zip321/CHANGELOG.md
@@ -6,8 +6,13 @@ and this library adheres to Rust's notion of
 [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased]
-The entries below are relative to the `zcash_client_backend` crate as of
-`zcash_client_backend-0.10.0`.
+
+## [0.1.0] 2024-08-20
+
+The contents of this crate were factored out from `zcash_client_backend` to
+provide a better separation of concerns and simpler integration with WASM
+builds. The entries below are relative to the `zcash_client_backend` crate as
+of `zcash_client_backend-0.10.0`.
 
 ### Added
 - `zip321::Payment::new`
diff --git a/components/zip321/Cargo.toml b/components/zip321/Cargo.toml
index 8423f72e9f..33052c2a64 100644
--- a/components/zip321/Cargo.toml
+++ b/components/zip321/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "zip321"
 description = "Parsing functions and data types for Zcash ZIP 321 Payment Request URIs"
-version = "0.0.0"
+version = "0.1.0"
 authors = [
     "Kris Nuttycombe <kris@electriccoin.co>"
 ]