diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index 9fcaee28d..27e17f550 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -3,6 +3,6 @@ from fontTools.misc.loggingTools import configLogger
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "4.34.5.dev0"
+version = __version__ = "4.35.0"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index b8843bf2d..235cb73e9 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+4.35.0 (released 2022-08-15)
+----------------------------
+
 - [otData/otConverters] Added support for 'biased' PaintSweepGradient start/end angles
   to match latest COLRv1 spec (#2743).
 - [varLib.instancer] Fixed bug in ``_instantiateFeatureVariations`` when at the same
diff --git a/setup.cfg b/setup.cfg
index 0e79789e9..b982f9dc3 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.34.5.dev0
+current_version = 4.35.0
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 6497a60cd..2e4e3f8f3 100755
--- a/setup.py
+++ b/setup.py
@@ -449,7 +449,7 @@ if ext_modules:
 
 setup_params = dict(
 	name="fonttools",
-	version="4.34.5.dev0",
+	version="4.35.0",
 	description="Tools to manipulate font files",
 	author="Just van Rossum",
 	author_email="just@letterror.com",