diff --git a/nexus/db-model/src/schema.rs b/nexus/db-model/src/schema.rs
index 963b625058..10fa8dcfac 100644
--- a/nexus/db-model/src/schema.rs
+++ b/nexus/db-model/src/schema.rs
@@ -1333,7 +1333,7 @@ table! {
 ///
 /// This should be updated whenever the schema is changed. For more details,
 /// refer to: schema/crdb/README.adoc
-pub const SCHEMA_VERSION: SemverVersion = SemverVersion::new(19, 0, 0);
+pub const SCHEMA_VERSION: SemverVersion = SemverVersion::new(20, 0, 0);
 
 allow_tables_to_appear_in_same_query!(
     system_update,
diff --git a/schema/crdb/dbinit.sql b/schema/crdb/dbinit.sql
index 20dd27156d..be7291b4e4 100644
--- a/schema/crdb/dbinit.sql
+++ b/schema/crdb/dbinit.sql
@@ -3071,7 +3071,7 @@ INSERT INTO omicron.public.db_metadata (
     version,
     target_version
 ) VALUES
-    ( TRUE, NOW(), NOW(), '19.0.0', NULL)
+    ( TRUE, NOW(), NOW(), '20.0.0', NULL)
 ON CONFLICT DO NOTHING;
 
 COMMIT;