diff --git a/store/CHANGELOG.md b/store/CHANGELOG.md
index cdd7bb1c59fa..25154cae464e 100644
--- a/store/CHANGELOG.md
+++ b/store/CHANGELOG.md
@@ -23,6 +23,12 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 # Changelog
 
+## v1.1.1 (September 06, 2024)
+
+### Improvements
+
+* [#21574](https://github.com/cosmos/cosmos-sdk/pull/21574) Upgrade IVL to IAVL 1.2.0.
+
 ## v1.1.0 (March 20, 2024)
 
 ### Improvements
diff --git a/store/go.mod b/store/go.mod
index 992260d23a88..f744a3b3d6c9 100644
--- a/store/go.mod
+++ b/store/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/cometbft/cometbft v0.38.12
 	github.com/cosmos/cosmos-db v1.0.2
 	github.com/cosmos/gogoproto v1.7.0
-	github.com/cosmos/iavl v1.1.2
+	github.com/cosmos/iavl v1.2.0
 	github.com/cosmos/ics23/go v0.11.0
 	github.com/golang/mock v1.6.0
 	github.com/golang/protobuf v1.5.4 // indirect
diff --git a/store/go.sum b/store/go.sum
index 66c01a1fb08e..5afe6fbf4b76 100644
--- a/store/go.sum
+++ b/store/go.sum
@@ -52,8 +52,8 @@ github.com/cosmos/cosmos-db v1.0.2 h1:hwMjozuY1OlJs/uh6vddqnk9j7VamLv+0DBlbEXbAK
 github.com/cosmos/cosmos-db v1.0.2/go.mod h1:Z8IXcFJ9PqKK6BIsVOB3QXtkKoqUOp1vRvPT39kOXEA=
 github.com/cosmos/gogoproto v1.7.0 h1:79USr0oyXAbxg3rspGh/m4SWNyoz/GLaAh0QlCe2fro=
 github.com/cosmos/gogoproto v1.7.0/go.mod h1:yWChEv5IUEYURQasfyBW5ffkMHR/90hiHgbNgrtp4j0=
-github.com/cosmos/iavl v1.1.2 h1:zL9FK7C4L/P4IF1Dm5fIwz0WXCnn7Bp1M2FxH0ayM7Y=
-github.com/cosmos/iavl v1.1.2/go.mod h1:jLeUvm6bGT1YutCaL2fIar/8vGUE8cPZvh/gXEWDaDM=
+github.com/cosmos/iavl v1.2.0 h1:kVxTmjTh4k0Dh1VNL046v6BXqKziqMDzxo93oh3kOfM=
+github.com/cosmos/iavl v1.2.0/go.mod h1:HidWWLVAtODJqFD6Hbne2Y0q3SdxByJepHUOeoH4LiI=
 github.com/cosmos/ics23/go v0.11.0 h1:jk5skjT0TqX5e5QJbEnwXIS2yI2vnmLOgpQPeM5RtnU=
 github.com/cosmos/ics23/go v0.11.0/go.mod h1:A8OjxPE67hHST4Icw94hOxxFEJMBG031xIGF/JHNIY0=
 github.com/creack/pty v1.1.9/go.mod h1:oKZEueFk5CKHvIhNR5MUki03XCEU+Q6VDXinZuGJ33E=