diff --git a/package.json b/package.json
index 9acd9b4b4f..808941625e 100644
--- a/package.json
+++ b/package.json
@@ -79,7 +79,7 @@
     "is-ip": "^2.0.0",
     "linkifyjs": "^2.1.6",
     "lodash": "^4.17.14",
-    "matrix-js-sdk": "5.3.0-rc.1",
+    "matrix-js-sdk": "5.3.1-rc.1",
     "minimist": "^1.2.0",
     "pako": "^1.0.5",
     "png-chunks-extract": "^1.0.0",
diff --git a/yarn.lock b/yarn.lock
index c42828e461..2b55aa2ae2 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5715,9 +5715,10 @@ mathml-tag-names@^2.0.1:
   resolved "https://registry.yarnpkg.com/mathml-tag-names/-/mathml-tag-names-2.1.3.tgz#4ddadd67308e780cf16a47685878ee27b736a0a3"
   integrity sha512-APMBEanjybaPzUrfqU0IMU5I0AswKMH7k8OTLs0vvV4KZpExkTkY87nR/zpbuTPj+gARop7aGUbl11pnDfW6xg==
 
-"matrix-js-sdk@github:matrix-org/matrix-js-sdk#develop":
-  version "5.2.0"
-  resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/84637c6ebd442346623bce562b441e1093d40270"
+matrix-js-sdk@5.3.1-rc.1:
+  version "5.3.1-rc.1"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-5.3.1-rc.1.tgz#12f9434b2fc09e014371bc9a75dc2bc9bc35fe33"
+  integrity sha512-HP47NvGFrK4gG8ToZRurb6/pRHhJAOhixwoNT6P/FTZNZLJX4DDPY84uNR0jtmiiZXI+/wHRST0K9P6A2bgBXA==
   dependencies:
     "@babel/runtime" "^7.8.3"
     another-json "^0.2.0"