diff --git a/package.json b/package.json
index b493442cdd..56e18231c2 100644
--- a/package.json
+++ b/package.json
@@ -113,7 +113,7 @@
         "maplibre-gl": "^2.0.0",
         "matrix-encrypt-attachment": "^1.0.3",
         "matrix-events-sdk": "0.0.1",
-        "matrix-js-sdk": "34.1.0-rc.2",
+        "matrix-js-sdk": "34.1.0-rc.3",
         "matrix-widget-api": "^1.5.0",
         "memoize-one": "^6.0.0",
         "minimist": "^1.2.5",
diff --git a/yarn.lock b/yarn.lock
index 57249f4af4..fe2276a1da 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1879,6 +1879,11 @@
   resolved "https://registry.yarnpkg.com/@matrix-org/matrix-wysiwyg/-/matrix-wysiwyg-2.37.4.tgz#bd9b46051a21c9986477e3a83a1417b1ee926d81"
   integrity sha512-4OtBWAHNAOu9P5C6jOIeHlu4ChwV2YusxnbGuN20IceC4bT2h38flZQgm0x9/jgHfF0LwnKUwKXsxtRoq8xW0g==
 
+"@matrix-org/olm@3.2.15":
+  version "3.2.15"
+  resolved "https://registry.yarnpkg.com/@matrix-org/olm/-/olm-3.2.15.tgz#55f3c1b70a21bbee3f9195cecd6846b1083451ec"
+  integrity sha512-S7lOrndAK9/8qOtaTq/WhttJC/o4GAzdfK0MUPpo8ApzsJEC0QjtwrkC3KBXdFP1cD1MXi/mlKR7aaoVMKgs6Q==
+
 "@matrix-org/react-sdk-module-api@^2.4.0":
   version "2.4.0"
   resolved "https://registry.yarnpkg.com/@matrix-org/react-sdk-module-api/-/react-sdk-module-api-2.4.0.tgz#5e4552acbe728141f42c1d54d75dcb4efea9301c"
@@ -6868,13 +6873,14 @@ 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@34.1.0-rc.2:
-  version "34.1.0-rc.2"
-  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-34.1.0-rc.2.tgz#d8e015eb5baaa77b870fd69f27c31d7edc1098e1"
-  integrity sha512-OsmOc3C5mlnsdM9Bpm1jBgdUZBAAL3/ZMaZNOD3OzA9yxhw893NOX7Rx1Azm96cYGYdBJRJ9qQMAaQbkXz5NDA==
+matrix-js-sdk@34.1.0-rc.3:
+  version "34.1.0-rc.3"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-34.1.0-rc.3.tgz#355586355a3a8d29de79f0be8246eab6f585adea"
+  integrity sha512-Xd2ER9f95rWssKCOwCXERtgvmmyYGmC/EsM0qdI2qwi2yDhp0Kp/VZHebhUJYJlxOQSUMEf3Jujm6UNCOW1Zyw==
   dependencies:
     "@babel/runtime" "^7.12.5"
     "@matrix-org/matrix-sdk-crypto-wasm" "^6.0.0"
+    "@matrix-org/olm" "3.2.15"
     another-json "^0.2.0"
     bs58 "^6.0.0"
     content-type "^1.0.4"