diff --git a/package.json b/package.json
index bab8b72b..6fadc14a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@metamask/metamask-design-system",
-  "version": "0.0.0",
+  "version": "1.0.0",
   "private": true,
   "description": "The MetaMask Design System monorepo",
   "repository": {
diff --git a/packages/design-tokens/CHANGELOG.md b/packages/design-tokens/CHANGELOG.md
index 37d09081..edacf8b4 100644
--- a/packages/design-tokens/CHANGELOG.md
+++ b/packages/design-tokens/CHANGELOG.md
@@ -7,9 +7,13 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [4.2.0]
+
 ### Added
 
-- Migrate `@metamask/design-tokens` into the design system monorepo ([128](https://github.com/MetaMask/metamask-design-system/pull/128))
+- feat: color updates to the design tokens package ([#230](https://github.com/metamask/metamask-design-system/pull/230))
+
+- `@metamask/design-tokens` package migrated from standalone repository into the design system monorepo ([128](https://github.com/MetaMask/metamask-design-system/pull/128))
 
 ## [4.1.0]
 
@@ -312,9 +316,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 - Initial release.
 
-- Initial release.
-
-[Unreleased]: https://github.com/MetaMask/metamask-design-system/compare/@metamask/design-tokens@4.1.0...HEAD
+[Unreleased]: https://github.com/MetaMask/metamask-design-system/compare/@metamask/design-tokens@4.2.0...HEAD
+[4.2.0]: https://github.com/MetaMask/metamask-design-system/compare/@metamask/design-tokens@4.1.0...@metamask/design-tokens@4.2.0
 [4.1.0]: https://github.com/MetaMask/metamask-design-system/compare/@metamask/design-tokens@4.0.0...@metamask/design-tokens@4.1.0
 [4.0.0]: https://github.com/MetaMask/metamask-design-system/compare/@metamask/design-tokens@3.0.0...@metamask/design-tokens@4.0.0
 [3.0.0]: https://github.com/MetaMask/metamask-design-system/compare/@metamask/design-tokens@2.1.1...@metamask/design-tokens@3.0.0
diff --git a/packages/design-tokens/package.json b/packages/design-tokens/package.json
index 045d5fac..d47938fc 100644
--- a/packages/design-tokens/package.json
+++ b/packages/design-tokens/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@metamask/design-tokens",
-  "version": "4.1.0",
+  "version": "4.2.0",
   "description": "Design tokens to be used throughout MetaMask products",
   "keywords": [
     "MetaMask",