diff --git a/wp-includes/version.php b/wp-includes/version.php
index fb57620638..b1154338b1 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -16,7 +16,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '6.3.1-alpha-56429';
+$wp_version = '6.3.1-RC1';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.