diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8bcb5709..917f71cb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## 0.47.0 - 2024-12-17
+
+#### Enhancements
+- Upgraded `databento-dbn` to 0.25.0
+    - Added type aliases for `TBBOMsg`, `BBO1SMsg`, `BBO1MMsg`, `TCBBOMsg`, `CBBO1SMsg`,
+      `CBBO1MMsg` in Python
+- Removed exports for `CBBOMsg` and `BBOMsg` in the root `databento` package in favor of aliased versions from `databento-dbn`
+
 ## 0.46.0 - 2024-12-10
 
 #### Enhancements
diff --git a/README.md b/README.md
index 61ad7f86..692f66d8 100644
--- a/README.md
+++ b/README.md
@@ -32,7 +32,7 @@ The library is fully compatible with the latest distribution of Anaconda 3.9 and
 The minimum dependencies as found in the `pyproject.toml` are also listed below:
 - python = "^3.9"
 - aiohttp = "^3.8.3"
-- databento-dbn = "0.24.0"
+- databento-dbn = "0.25.0"
 - numpy= ">=1.23.5"
 - pandas = ">=1.5.3"
 - pip-system-certs = ">=4.0" (Windows only)
diff --git a/databento/__init__.py b/databento/__init__.py
index 8e68bb26..c06e4aba 100644
--- a/databento/__init__.py
+++ b/databento/__init__.py
@@ -1,8 +1,7 @@
 import logging
 import warnings
 
-from databento_dbn import BBOMsg
-from databento_dbn import CBBOMsg
+from databento_dbn import CMBP1Msg
 from databento_dbn import Compression
 from databento_dbn import Encoding
 from databento_dbn import ErrorMsg
@@ -21,6 +20,12 @@
 from databento_dbn import SymbolMappingMsg
 from databento_dbn import SystemMsg
 from databento_dbn import TradeMsg
+from databento_dbn.v2 import BBO1MMsg
+from databento_dbn.v2 import BBO1SMsg
+from databento_dbn.v2 import CBBO1MMsg
+from databento_dbn.v2 import CBBO1SMsg
+from databento_dbn.v2 import TBBOMsg
+from databento_dbn.v2 import TCBBOMsg
 
 from databento.common import API_VERSION
 from databento.common import bentologging
@@ -50,18 +55,17 @@
 from databento.version import __version__  # noqa
 
 
-# Alias for convenience
-TBBOMsg = MBP1Msg
-
-
 __all__ = [
     "API_VERSION",
-    "BBOMsg",
+    "BBO1MMsg",
+    "BBO1SMsg",
     "BentoClientError",
     "BentoError",
     "BentoHttpError",
     "BentoServerError",
-    "CBBOMsg",
+    "CBBO1MMsg",
+    "CBBO1SMsg",
+    "CMBP1Msg",
     "Compression",
     "DBNRecord",
     "DBNStore",
@@ -96,6 +100,9 @@
     "SymbolMappingMsg",
     "SymbologyResolution",
     "SystemMsg",
+    "TBBOMsg",
+    "TBBOMsg",
+    "TCBBOMsg",
     "TradeMsg",
     "Venue",
 ]
diff --git a/databento/common/dbnstore.py b/databento/common/dbnstore.py
index ec3839e9..cc18833c 100644
--- a/databento/common/dbnstore.py
+++ b/databento/common/dbnstore.py
@@ -380,7 +380,7 @@ def __init__(self, data_source: DataSource) -> None:
     def __iter__(self) -> Generator[DBNRecord, None, None]:
         reader = self.reader
         decoder = DBNDecoder(
-            upgrade_policy=VersionUpgradePolicy.UPGRADE,
+            upgrade_policy=VersionUpgradePolicy.UPGRADE_TO_V2,
         )
         while True:
             raw = reader.read(DBNStore.DBN_READ_SIZE)
diff --git a/databento/live/protocol.py b/databento/live/protocol.py
index 9ee3897c..d7d18a1a 100644
--- a/databento/live/protocol.py
+++ b/databento/live/protocol.py
@@ -82,7 +82,7 @@ def __init__(
         self._heartbeat_interval_s = heartbeat_interval_s
 
         self._dbn_decoder = databento_dbn.DBNDecoder(
-            upgrade_policy=VersionUpgradePolicy.UPGRADE,
+            upgrade_policy=VersionUpgradePolicy.UPGRADE_TO_V2,
         )
         self._gateway_decoder = GatewayDecoder()
 
diff --git a/databento/version.py b/databento/version.py
index 6f709872..bf97bc40 100644
--- a/databento/version.py
+++ b/databento/version.py
@@ -1 +1 @@
-__version__ = "0.46.0"
+__version__ = "0.47.0"
diff --git a/pyproject.toml b/pyproject.toml
index fe3a2765..ddaa8602 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "databento"
-version = "0.46.0"
+version = "0.47.0"
 description = "Official Python client library for Databento"
 authors = [
     "Databento <support@databento.com>",
@@ -32,7 +32,7 @@ aiohttp = [
     {version = "^3.8.3", python = "<3.12"},
     {version = "^3.9.0", python = "^3.12"}
 ]
-databento-dbn = "0.24.0"
+databento-dbn = "0.25.0"
 numpy = [
     {version = ">=1.23.5", python = "<3.12"},
     {version = ">=1.26.0", python = "^3.12"}