diff --git a/app/upgrades/neon/upgrade.go b/app/upgrades/neon/upgrade.go
index 8681ed99..62e9d828 100644
--- a/app/upgrades/neon/upgrade.go
+++ b/app/upgrades/neon/upgrade.go
@@ -18,7 +18,7 @@ func initialFiatTokenFactoryState() fiattokenfactorytypes.GenesisState {
 	s := fiattokenfactorytypes.DefaultGenesis()
 
 	s.Owner = &fiattokenfactorytypes.Owner{
-		Address: "noble10908tarhjl6zzlm4k6u9hkax48qeutk28tj4sp",
+		Address: "noble1mp0z2yrmq86l53kr8gjzml3ctyf33ma969zjt6",
 	}
 
 	s.MasterMinter = &fiattokenfactorytypes.MasterMinter{