diff --git a/ElementX.xcodeproj/project.pbxproj b/ElementX.xcodeproj/project.pbxproj
index 9922f6ab0..d3062e2b2 100644
--- a/ElementX.xcodeproj/project.pbxproj
+++ b/ElementX.xcodeproj/project.pbxproj
@@ -6660,7 +6660,7 @@
 			repositoryURL = "https://github.com/matrix-org/matrix-rust-components-swift";
 			requirement = {
 				kind = exactVersion;
-				version = "0.0.7-november23";
+				version = 1.1.27;
 			};
 		};
 		821C67C9A7F8CC3FD41B28B4 /* XCRemoteSwiftPackageReference "emojibase-bindings" */ = {
diff --git a/ElementX.xcodeproj/project.xcworkspace/xcshareddata/swiftpm/Package.resolved b/ElementX.xcodeproj/project.xcworkspace/xcshareddata/swiftpm/Package.resolved
index 42022f35c..bef146629 100644
--- a/ElementX.xcodeproj/project.xcworkspace/xcshareddata/swiftpm/Package.resolved
+++ b/ElementX.xcodeproj/project.xcworkspace/xcshareddata/swiftpm/Package.resolved
@@ -130,8 +130,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/matrix-org/matrix-rust-components-swift",
       "state" : {
-        "revision" : "aa1dd4fc587d4b4adf603fd7ffef1580c9955d0c",
-        "version" : "0.0.7-november23"
+        "revision" : "3e35994ebda2a66b40d98e41f7ce168c7a1a1f18",
+        "version" : "1.1.27"
       }
     },
     {
diff --git a/project.yml b/project.yml
index 154c493f2..bb39f0c8f 100644
--- a/project.yml
+++ b/project.yml
@@ -45,7 +45,7 @@ packages:
   # Element/Matrix dependencies
   MatrixRustSDK:
     url: https://github.com/matrix-org/matrix-rust-components-swift
-    exactVersion: 0.0.7-november23
+    exactVersion: 1.1.27
     # path: ../matrix-rust-sdk
   Compound:
     url: https://github.com/vector-im/compound-ios