diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8bb1906d3..4526ef8ba 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,9 +5,9 @@ upgrade guides.
 
 User-visible changes worth mentioning.
 
-## master
+## 5.3.1
 
-- [#PR ID] Your PR short description here.
+- [#1360] Backport: Increase `matching_token_for` batch lookup size to 10 000 and make it configurable.
 
 ## 5.3.0
 
@@ -26,7 +26,7 @@ User-visible changes worth mentioning.
   
 ## 5.2.4
   
-- [#1360] Increase `matching_token_for` batch lookup size to 10 000 and make it configurable.
+- [#1360] Backport: Increase `matching_token_for` batch lookup size to 10 000 and make it configurable.
 
 ## 5.2.3
 
diff --git a/lib/doorkeeper/version.rb b/lib/doorkeeper/version.rb
index 84249022b..cc948b538 100644
--- a/lib/doorkeeper/version.rb
+++ b/lib/doorkeeper/version.rb
@@ -9,7 +9,7 @@ module VERSION
     # Semantic versioning
     MAJOR = 5
     MINOR = 3
-    TINY = 0
+    TINY = 1
     PRE = nil
 
     # Full version number