diff --git a/CHANGELOG.md b/CHANGELOG.md
index 426cbbb801..376458c918 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,43 @@
+Changes in [1.11.21](https://github.com/vector-im/element-web/releases/tag/v1.11.21) (2023-01-31)
+=================================================================================================
+
+## ✨ Features
+ * Move pin drop out of labs ([\#22993](https://github.com/vector-im/element-web/pull/22993)).
+ * Quotes for rich text editor (RTE) ([\#9932](https://github.com/matrix-org/matrix-react-sdk/pull/9932)). Contributed by @alunturner.
+ * Show the room name in the room header during calls ([\#9942](https://github.com/matrix-org/matrix-react-sdk/pull/9942)). Fixes #24268.
+ * Add code blocks to rich text editor ([\#9921](https://github.com/matrix-org/matrix-react-sdk/pull/9921)). Contributed by @alunturner.
+ * Add new style for inline code ([\#9936](https://github.com/matrix-org/matrix-react-sdk/pull/9936)). Contributed by @florianduros.
+ * Add disabled button state to rich text editor ([\#9930](https://github.com/matrix-org/matrix-react-sdk/pull/9930)). Contributed by @alunturner.
+ * Change the rageshake "app" for auto-rageshakes ([\#9909](https://github.com/matrix-org/matrix-react-sdk/pull/9909)).
+ * Device manager - tweak settings display ([\#9905](https://github.com/matrix-org/matrix-react-sdk/pull/9905)). Contributed by @kerryarchibald.
+ * Add list functionality to rich text editor ([\#9871](https://github.com/matrix-org/matrix-react-sdk/pull/9871)). Contributed by @alunturner.
+
+## 🐛 Bug Fixes
+ * Fix RTE focus behaviour in threads ([\#9969](https://github.com/matrix-org/matrix-react-sdk/pull/9969)). Fixes #23755. Contributed by @florianduros.
+ * #22204 Issue: Centered File info in lightbox ([\#9971](https://github.com/matrix-org/matrix-react-sdk/pull/9971)). Fixes #22204. Contributed by @Spartan09.
+ * Fix seekbar position for zero length audio ([\#9949](https://github.com/matrix-org/matrix-react-sdk/pull/9949)). Fixes #24248.
+ * Allow thread panel to be closed after being opened from notification ([\#9937](https://github.com/matrix-org/matrix-react-sdk/pull/9937)). Fixes #23764 #23852 and #24213. Contributed by @justjanne.
+ * Only highlight focused menu item if focus is supposed to be visible ([\#9945](https://github.com/matrix-org/matrix-react-sdk/pull/9945)). Fixes #23582.
+ * Prevent call durations from breaking onto multiple lines ([\#9944](https://github.com/matrix-org/matrix-react-sdk/pull/9944)).
+ * Tweak call lobby buttons to more closely match designs ([\#9943](https://github.com/matrix-org/matrix-react-sdk/pull/9943)).
+ * Do not show a broadcast as live immediately after the recording has stopped ([\#9947](https://github.com/matrix-org/matrix-react-sdk/pull/9947)). Fixes #24233.
+ * Clear the RTE before sending a message ([\#9948](https://github.com/matrix-org/matrix-react-sdk/pull/9948)). Contributed by @florianduros.
+ * Fix {enter} press in RTE ([\#9927](https://github.com/matrix-org/matrix-react-sdk/pull/9927)). Contributed by @florianduros.
+ * Fix the problem that the password reset email has to be confirmed twice ([\#9926](https://github.com/matrix-org/matrix-react-sdk/pull/9926)). Fixes #24226.
+ * replace .at() with array.length-1 ([\#9933](https://github.com/matrix-org/matrix-react-sdk/pull/9933)). Fixes matrix-org/element-web-rageshakes#19281.
+ * Fix broken threads list timestamp layout ([\#9922](https://github.com/matrix-org/matrix-react-sdk/pull/9922)). Fixes #24243 and #24191. Contributed by @justjanne.
+ * Disable multiple messages when {enter} is pressed multiple times ([\#9929](https://github.com/matrix-org/matrix-react-sdk/pull/9929)). Fixes #24249. Contributed by @florianduros.
+ * Fix logout devices when resetting the password ([\#9925](https://github.com/matrix-org/matrix-react-sdk/pull/9925)). Fixes #24228.
+ * Fix: Poll replies overflow when not enough space ([\#9924](https://github.com/matrix-org/matrix-react-sdk/pull/9924)). Fixes #24227. Contributed by @kerryarchibald.
+ * State event updates are not forwarded to the widget from invitation room ([\#9802](https://github.com/matrix-org/matrix-react-sdk/pull/9802)). Contributed by @maheichyk.
+ * Fix error when viewing source of redacted events ([\#9914](https://github.com/matrix-org/matrix-react-sdk/pull/9914)). Fixes #24165. Contributed by @clarkf.
+ * Replace outdated css attribute ([\#9912](https://github.com/matrix-org/matrix-react-sdk/pull/9912)). Fixes #24218. Contributed by @justjanne.
+ * Clear isLogin theme override when user is no longer viewing login screens ([\#9911](https://github.com/matrix-org/matrix-react-sdk/pull/9911)). Fixes #23893.
+ * Fix reply action in message context menu notif & file panels ([\#9895](https://github.com/matrix-org/matrix-react-sdk/pull/9895)). Fixes #23970.
+ * Fix issue where thread dropdown would not show up correctly ([\#9872](https://github.com/matrix-org/matrix-react-sdk/pull/9872)). Fixes #24040. Contributed by @justjanne.
+ * Fix unexpected composer growing ([\#9889](https://github.com/matrix-org/matrix-react-sdk/pull/9889)). Contributed by @florianduros.
+ * Fix misaligned timestamps for thread roots which are emotes ([\#9875](https://github.com/matrix-org/matrix-react-sdk/pull/9875)). Fixes #23897. Contributed by @justjanne.
+
 Changes in [1.11.20](https://github.com/vector-im/element-web/releases/tag/v1.11.20) (2023-01-20)
 =================================================================================================
 
diff --git a/package.json b/package.json
index 7d450774ec..010de37b1d 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "element-web",
-    "version": "1.11.20",
+    "version": "1.11.21",
     "description": "A feature-rich client for Matrix.org",
     "author": "New Vector Ltd.",
     "repository": {
@@ -60,8 +60,8 @@
         "gfm.css": "^1.1.2",
         "jsrsasign": "^10.5.25",
         "katex": "^0.16.0",
-        "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
-        "matrix-react-sdk": "github:matrix-org/matrix-react-sdk#develop",
+        "matrix-js-sdk": "23.2.0",
+        "matrix-react-sdk": "3.65.0",
         "matrix-widget-api": "^1.1.1",
         "react": "17.0.2",
         "react-dom": "17.0.2",
diff --git a/yarn.lock b/yarn.lock
index 474274aa43..831c7991bf 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8163,9 +8163,10 @@ 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 "23.1.1"
-  resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/c309fe69426d701893ebee315105f8fa8fef03f8"
+matrix-js-sdk@23.2.0:
+  version "23.2.0"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-23.2.0.tgz#3120ce7ce4278d41eed3b6aba6fd432ec3d19e29"
+  integrity sha512-BDQTx95FDBNxtoIpxDOMiy7Cb8FJTe673wDIzPoXtv45zYEjrEE3jpPMSgmGX5hOkE1R+YePmeiZlXRYLiHs1g==
   dependencies:
     "@babel/runtime" "^7.12.5"
     "@matrix-org/matrix-sdk-crypto-js" "^0.1.0-alpha.2"
@@ -8187,9 +8188,10 @@ matrix-mock-request@^2.5.0:
   dependencies:
     expect "^28.1.0"
 
-"matrix-react-sdk@github:matrix-org/matrix-react-sdk#develop":
-  version "3.64.2"
-  resolved "https://codeload.github.com/matrix-org/matrix-react-sdk/tar.gz/97831d528a61c6aa297e8520c2b1c1ef8acb250b"
+matrix-react-sdk@3.65.0:
+  version "3.65.0"
+  resolved "https://registry.yarnpkg.com/matrix-react-sdk/-/matrix-react-sdk-3.65.0.tgz#e111021184caad5c2d3398d7285269d1f62e1650"
+  integrity sha512-uQHPJ5FfuNmT6GLuL0S5bLYkfyT2ynZyKI9ctqpI0zLI5pF4CM1JG5w5flwm7xJKIww6nWTzlJwnx0zA7+by4w==
   dependencies:
     "@babel/runtime" "^7.12.5"
     "@matrix-org/analytics-events" "^0.4.0"
@@ -8228,7 +8230,7 @@ matrix-mock-request@^2.5.0:
     maplibre-gl "^2.0.0"
     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 "23.2.0"
     matrix-widget-api "^1.1.1"
     minimist "^1.2.5"
     opus-recorder "^8.0.3"