diff --git a/wagtail/__init__.py b/wagtail/__init__.py
index 79f3ee5912..49d00a98f3 100644
--- a/wagtail/__init__.py
+++ b/wagtail/__init__.py
@@ -6,7 +6,7 @@ from wagtail.utils.version import get_semver_version, get_version
 
 # major.minor.patch.release.number
 # release must be one of alpha, beta, rc, or final
-VERSION = (6, 3, 0, "rc", 1)
+VERSION = (6, 3, 0, "rc", 2)
 
 __version__ = get_version(VERSION)
 
diff --git a/wagtail/project_template/requirements.txt b/wagtail/project_template/requirements.txt
index fe2fbbd487..7305b693e5 100644
--- a/wagtail/project_template/requirements.txt
+++ b/wagtail/project_template/requirements.txt
@@ -1,2 +1,2 @@
 Django>=5.1,<5.2
-wagtail==6.3rc1
+wagtail==6.3rc2