diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5f9029fad..90f69ba23 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,12 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/).
 
 None
 
+## [1.1.1](https://github.com/stellar/stellar-disbursement-platform-backend/compare/1.1.0...1.1.1)
+
+### Fixed
+
+- TSS amount precision [#176](https://github.com/stellar/stellar-disbursement-platform-backend/pull/176)
+
 ## [1.1.0](https://github.com/stellar/stellar-disbursement-platform-backend/compare/1.0.1...1.1.0)
 
 ### Changed
diff --git a/helmchart/sdp/Chart.yaml b/helmchart/sdp/Chart.yaml
index 6fb91c449..f07325ecd 100644
--- a/helmchart/sdp/Chart.yaml
+++ b/helmchart/sdp/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 name: stellar-disbursement-platform
 description: A Helm chart for the Stellar Disbursement Platform Backend (A.K.A. `sdp`)
 version: 0.9.4
-appVersion: "1.1.0"
+appVersion: "1.1.1"
 type: application
 maintainers:
   - name: Stellar Development Foundation
diff --git a/internal/db/migrations/2023-07-05.0-tss-transactions-table-constraints.sql b/internal/db/migrations/2023-07-05.0-tss-transactions-table-constraints.sql
index 855b26361..729ea2424 100644
--- a/internal/db/migrations/2023-07-05.0-tss-transactions-table-constraints.sql
+++ b/internal/db/migrations/2023-07-05.0-tss-transactions-table-constraints.sql
@@ -6,7 +6,7 @@ ALTER TABLE public.submitter_transactions
     ADD COLUMN xdr_received TEXT UNIQUE,
     ALTER COLUMN external_id SET NOT NULL,
     ALTER COLUMN status SET DEFAULT 'PENDING',
-    ALTER COLUMN amount TYPE numeric(10,7),
+    ALTER COLUMN amount TYPE NUMERIC(19,7),
     ADD CONSTRAINT unique_stellar_transaction_hash UNIQUE (stellar_transaction_hash),
     ADD CONSTRAINT check_retry_count CHECK (retry_count >= 0);
 
diff --git a/internal/db/migrations/2024-02-05.0-tss-transactions-table-amount-constraing.sql b/internal/db/migrations/2024-02-05.0-tss-transactions-table-amount-constraing.sql
new file mode 100644
index 000000000..0185ad480
--- /dev/null
+++ b/internal/db/migrations/2024-02-05.0-tss-transactions-table-amount-constraing.sql
@@ -0,0 +1,6 @@
+-- +migrate Up
+
+ALTER TABLE public.submitter_transactions
+    ALTER COLUMN amount TYPE NUMERIC(19,7);
+
+-- +migrate Down
diff --git a/internal/transactionsubmission/store/transactions_test.go b/internal/transactionsubmission/store/transactions_test.go
index d0cc52373..8ebd5243c 100644
--- a/internal/transactionsubmission/store/transactions_test.go
+++ b/internal/transactionsubmission/store/transactions_test.go
@@ -124,14 +124,16 @@ func Test_TransactionModel_BulkInsert(t *testing.T) {
 			ExternalID:  "external-id-1",
 			AssetCode:   "USDC",
 			AssetIssuer: keypair.MustRandom().Address(),
-			Amount:      1,
+			// Lowest number in the Stellar network (ref: https://developers.stellar.org/docs/fundamentals-and-concepts/stellar-data-structures/assets#amount-precision):
+			Amount:      0.0000001,
 			Destination: keypair.MustRandom().Address(),
 		}
 		incomingTx2 := Transaction{
 			ExternalID:  "external-id-2",
 			AssetCode:   "USDC",
 			AssetIssuer: keypair.MustRandom().Address(),
-			Amount:      2,
+			// Largest number in the Stellar network (ref: https://developers.stellar.org/docs/fundamentals-and-concepts/stellar-data-structures/assets#amount-precision):
+			Amount:      922337203685.4775807,
 			Destination: keypair.MustRandom().Address(),
 		}
 		insertedTransactions, err := txModel.BulkInsert(ctx, dbConnectionPool, []Transaction{incomingTx1, incomingTx2})
diff --git a/main.go b/main.go
index cee91925c..0bdced276 100644
--- a/main.go
+++ b/main.go
@@ -11,7 +11,7 @@ import (
 
 // Version is the official version of this application. Whenever it's changed
 // here, it also needs to be updated at the `helmchart/Chart.yaml#appVersion“.
-const Version = "1.1.0"
+const Version = "1.1.1"
 
 // GitCommit is populated at build time by
 // go build -ldflags "-X main.GitCommit=$GIT_COMMIT"