diff --git a/Directory.Build.props b/Directory.Build.props
index f13506f78..6e87fca12 100644
--- a/Directory.Build.props
+++ b/Directory.Build.props
@@ -79,7 +79,7 @@
   </PropertyGroup>
 
   <PropertyGroup Label="Common dependency versions">
-    <MicrosoftIdentityModelVersion Condition="'$(MicrosoftIdentityModelVersion)' == ''">8.2.1</MicrosoftIdentityModelVersion>
+    <MicrosoftIdentityModelVersion Condition="'$(MicrosoftIdentityModelVersion)' == ''">8.3.0</MicrosoftIdentityModelVersion>
     <MicrosoftIdentityClientVersion Condition="'$(MicrosoftIdentityClientVersion)' == ''">4.66.1</MicrosoftIdentityClientVersion>
     <FxCopAnalyzersVersion>3.3.0</FxCopAnalyzersVersion>
     <SystemTextEncodingsWebVersion>4.7.2</SystemTextEncodingsWebVersion>
diff --git a/changelog.md b/changelog.md
index 29730a0d3..24ab97f1b 100644
--- a/changelog.md
+++ b/changelog.md
@@ -1,3 +1,17 @@
+3.5.0
+========
+- Updated to Microsoft.IdentityModel.* 8.3.0
+
+## Bug fixes
+* Ensure Singleton registration for TokenAcquisition Services when TokenAcquirerFactory is null. See https://github.com/AzureAD/microsoft-identity-web/pull/3155
+* Dont modify the merged options when building the confidential client. See https://github.com/AzureAD/microsoft-identity-web/pull/3137
+
+## Fundamentals
+* Install all .NET versions in pipeline, including .NET 9. See https://github.com/AzureAD/microsoft-identity-web/pull/3152
+* Upgrade to C# 13. See https://github.com/AzureAD/microsoft-identity-web/pull/3138
+* Specify sdk version in global.json. See https://github.com/AzureAD/microsoft-identity-web/pull/3156
+* Disable Coverage PR comments. See in https://github.com/AzureAD/microsoft-identity-web/pull/3159
+
 3.4.0
 ========
 - Updated to Microsoft.IdentityModel.* 8.2.1