diff --git a/package.json b/package.json
index f5b6464b60..13ddeea72a 100644
--- a/package.json
+++ b/package.json
@@ -134,7 +134,7 @@
         "maplibre-gl": "^5.0.0",
         "matrix-encrypt-attachment": "^1.0.3",
         "matrix-events-sdk": "0.0.1",
-        "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
+        "matrix-js-sdk": "38.3.0-rc.0",
         "matrix-widget-api": "^1.10.0",
         "memoize-one": "^6.0.0",
         "mime": "^4.0.4",
diff --git a/yarn.lock b/yarn.lock
index d4d193357f..ed250ead73 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2652,10 +2652,10 @@
     emojibase "^15.3.1"
     emojibase-data "^15.3.1"
 
-"@matrix-org/matrix-sdk-crypto-wasm@^15.1.0":
-  version "15.1.0"
-  resolved "https://registry.yarnpkg.com/@matrix-org/matrix-sdk-crypto-wasm/-/matrix-sdk-crypto-wasm-15.1.0.tgz#653956f5f6daced55a9df3d2c1114eb2c017b528"
-  integrity sha512-ZsDdjn46J3+VxsDLmaSODuS+qtGZB/i3Cg9tWL1QPNjvAWzNaTHQ7glleByI2PKVBm83aklfuhGKT2MqE1ZsEA==
+"@matrix-org/matrix-sdk-crypto-wasm@^15.2.0":
+  version "15.3.0"
+  resolved "https://registry.yarnpkg.com/@matrix-org/matrix-sdk-crypto-wasm/-/matrix-sdk-crypto-wasm-15.3.0.tgz#141fd041ae382b793369bcee4394b0b577bdea0c"
+  integrity sha512-QyxHvncvkl7nf+tnn92PjQ54gMNV8hMSpiukiDgNrqF6IYwgySTlcSdkPYdw8QjZJ0NR6fnVrNzMec0OohM3wA==
 
 "@matrix-org/react-sdk-module-api@^2.4.0":
   version "2.5.0"
@@ -4735,7 +4735,7 @@
     classnames "^2.5.1"
     vaul "^1.0.0"
 
-"@vector-im/matrix-wysiwyg-wasm@link:../../Library/Caches/Yarn/v6/npm-@vector-im-matrix-wysiwyg-2.39.0-a6238e517f23a2f3025d9c65445914771c63b163-integrity/node_modules/bindings/wysiwyg-wasm":
+"@vector-im/matrix-wysiwyg-wasm@link:../../../.cache/yarn/v6/npm-@vector-im-matrix-wysiwyg-2.39.0-a6238e517f23a2f3025d9c65445914771c63b163-integrity/node_modules/bindings/wysiwyg-wasm":
   version "0.0.0"
   uid ""
 
@@ -11040,12 +11040,13 @@ matrix-events-sdk@0.0.1:
   resolved "https://registry.yarnpkg.com/matrix-events-sdk/-/matrix-events-sdk-0.0.1.tgz#c8c38911e2cb29023b0bbac8d6f32e0de2c957dd"
   integrity sha512-1QEOsXO+bhyCroIe2/A5OwaxHvBm7EsSQ46DEDn8RBIfQwN5HWBpFvyWWR4QY0KHPPnnJdI99wgRiAl7Ad5qaA==
 
-"matrix-js-sdk@github:matrix-org/matrix-js-sdk#develop":
-  version "38.1.0"
-  resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/82aa04d894d7adc7c6be245220c4a89b69357d26"
+matrix-js-sdk@38.3.0-rc.0:
+  version "38.3.0-rc.0"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-38.3.0-rc.0.tgz#fca926b3495896383d3ba9eb50204dc7359b1d4c"
+  integrity sha512-7q/xLXWSd4N7c3cymg9uqWgfq9cqnBMHR4/hgBDoNel3EBgK0RFOJuqSvoJCS9rwO7W0TMnjEc8ElnK5LmQFAg==
   dependencies:
     "@babel/runtime" "^7.12.5"
-    "@matrix-org/matrix-sdk-crypto-wasm" "^15.1.0"
+    "@matrix-org/matrix-sdk-crypto-wasm" "^15.2.0"
     another-json "^0.2.0"
     bs58 "^6.0.0"
     content-type "^1.0.4"