diff --git a/src/ruleset/functions/documentStructure.ts b/src/ruleset/functions/documentStructure.ts
index a00268d25..2b8db6e96 100644
--- a/src/ruleset/functions/documentStructure.ts
+++ b/src/ruleset/functions/documentStructure.ts
@@ -1,12 +1,17 @@
+/* eslint-disable sonarjs/no-duplicate-string */
+
 import specs from '@asyncapi/specs';
 import { createRulesetFunction } from '@stoplight/spectral-core';
 import { schema as schemaFn } from '@stoplight/spectral-functions';
 
+import { AsyncAPIFormats } from '../formats';
+import { getSemver } from '../../utils';
+
 import type { ErrorObject } from 'ajv';
 import type { IFunctionResult, Format } from '@stoplight/spectral-core';
-import { AsyncAPIFormats } from '../formats';
 
 type AsyncAPIVersions = keyof typeof specs.schemas;
+type RawSchema = Record<string, unknown>;
 
 function shouldIgnoreError(error: ErrorObject): boolean {
   return (
@@ -45,24 +50,52 @@ function prepareResults(errors: ErrorObject[]): void {
   }
 }
 
-function getCopyOfSchema(version: AsyncAPIVersions): Record<string, unknown> {
-  return JSON.parse(JSON.stringify(specs.schemas[version])) as Record<string, unknown>;
+// this is needed because some v3 object fields are expected to be only `$ref` to other objects. 
+// In order to validate resolved references, we modify those schemas and instead allow the definition of the object
+function prepareV3ResolvedSchema(copied: any): any {
+  // channel object
+  const channelObject = copied.definitions['http://asyncapi.com/definitions/3.0.0/channel.json'];
+  channelObject.properties.servers.items.$ref = 'http://asyncapi.com/definitions/3.0.0/server.json';
+
+  // operation object
+  const operationSchema = copied.definitions['http://asyncapi.com/definitions/3.0.0/operation.json'];
+  operationSchema.properties.channel.$ref = 'http://asyncapi.com/definitions/3.0.0/channel.json';
+  operationSchema.properties.messages.items.$ref = 'http://asyncapi.com/definitions/3.0.0/messageObject.json';
+
+  // operation reply object
+  const operationReplySchema = copied.definitions['http://asyncapi.com/definitions/3.0.0/operationReply.json'];
+  operationReplySchema.properties.channel.$ref = 'http://asyncapi.com/definitions/3.0.0/channel.json';
+  operationReplySchema.properties.messages.items.$ref = 'http://asyncapi.com/definitions/3.0.0/messageObject.json';
+
+  return copied;
+}
+
+function getCopyOfSchema(version: AsyncAPIVersions): RawSchema {
+  return JSON.parse(JSON.stringify(specs.schemas[version])) as RawSchema;
 }
 
-const serializedSchemas = new Map<AsyncAPIVersions, Record<string, unknown>>();
-function getSerializedSchema(version: AsyncAPIVersions): Record<string, unknown> {
-  const schema = serializedSchemas.get(version);
+const serializedSchemas = new Map<AsyncAPIVersions, RawSchema>();
+function getSerializedSchema(version: AsyncAPIVersions, resolved: boolean): RawSchema {
+  const serializedSchemaKey = resolved ? `${version}-resolved` : `${version}-unresolved`;
+  const schema = serializedSchemas.get(serializedSchemaKey as AsyncAPIVersions);
   if (schema) {
     return schema;
   }
 
   // Copy to not operate on the original json schema - between imports (in different modules) we operate on this same schema.
-  const copied = getCopyOfSchema(version) as { definitions: Record<string, unknown> };
+  let copied = getCopyOfSchema(version) as { '$id': string, definitions: RawSchema };
   // Remove the meta schemas because they are already present within Ajv, and it's not possible to add duplicated schemas.
   delete copied.definitions['http://json-schema.org/draft-07/schema'];
   delete copied.definitions['http://json-schema.org/draft-04/schema'];
+  // Spectral caches the schemas using '$id' property
+  copied['$id'] = copied['$id'].replace('asyncapi.json', `asyncapi-${resolved ? 'resolved' : 'unresolved'}.json`);
+
+  const { major } = getSemver(version);
+  if (resolved && major === 3) {
+    copied = prepareV3ResolvedSchema(copied);
+  }
 
-  serializedSchemas.set(version, copied);
+  serializedSchemas.set(serializedSchemaKey as AsyncAPIVersions, copied);
   return copied;
 }
 
@@ -80,10 +113,10 @@ function filterRefErrors(errors: IFunctionResult[], resolved: boolean) {
     });
 }
 
-export function getSchema(docFormats: Set<Format>): Record<string, any> | void {
+export function getSchema(docFormats: Set<Format>, resolved: boolean): Record<string, any> | void {
   for (const [version, format] of AsyncAPIFormats) {
     if (docFormats.has(format)) {
-      return getSerializedSchema(version as AsyncAPIVersions);
+      return getSerializedSchema(version as AsyncAPIVersions, resolved);
     }
   }
 }
@@ -107,16 +140,17 @@ export const documentStructure = createRulesetFunction<unknown, { resolved: bool
       return;
     }
 
-    const schema = getSchema(formats);
+    const resolved = options.resolved;
+    const schema = getSchema(formats, resolved);
     if (!schema) {
       return;
     }
 
-    const errors = schemaFn(targetVal, { allErrors: true, schema, prepareResults: options.resolved ? prepareResults : undefined }, context);
+    const errors = schemaFn(targetVal, { allErrors: true, schema, prepareResults: resolved ? prepareResults : undefined }, context);
     if (!Array.isArray(errors)) {
       return;
     }
 
-    return filterRefErrors(errors, options.resolved);
+    return filterRefErrors(errors, resolved);
   },
 );
diff --git a/src/ruleset/ruleset.ts b/src/ruleset/ruleset.ts
index c24ebfdfd..105621f51 100644
--- a/src/ruleset/ruleset.ts
+++ b/src/ruleset/ruleset.ts
@@ -1,5 +1,3 @@
-
-import { lastVersion } from '../constants';
 import { truthy, schema } from '@stoplight/spectral-functions';
 
 import { documentStructure } from './functions/documentStructure';
@@ -7,10 +5,11 @@ import { internal } from './functions/internal';
 import { isAsyncAPIDocument } from './functions/isAsyncAPIDocument';
 import { unusedComponent } from './functions/unusedComponent';
 import { AsyncAPIFormats } from './formats';
+import { lastVersion } from '../constants';
 
 export const coreRuleset = {
   description: 'Core AsyncAPI x.x.x ruleset.',
-  formats: AsyncAPIFormats.filterByMajorVersions(['2']).formats(), // Validation for AsyncAPI v3 is still WIP.
+  formats: AsyncAPIFormats.formats(),
   rules: {
     /**
      * Root Object rules
@@ -81,7 +80,7 @@ export const coreRuleset = {
 
 export const recommendedRuleset = {
   description: 'Recommended AsyncAPI x.x.x ruleset.',
-  formats: AsyncAPIFormats.filterByMajorVersions(['2']).formats(), // Validation for AsyncAPI v3 is still WIP.
+  formats: AsyncAPIFormats.filterByMajorVersions(['2']).formats(), // Recommended validation for AsyncAPI v3 is still WIP.
   rules: {
     /**
      * Root Object rules
diff --git a/test/custom-operations/apply-traits-v3.spec.ts b/test/custom-operations/apply-traits-v3.spec.ts
index 19f627c57..d4cbfae8d 100644
--- a/test/custom-operations/apply-traits-v3.spec.ts
+++ b/test/custom-operations/apply-traits-v3.spec.ts
@@ -13,8 +13,15 @@ describe('custom operations - apply traits v3', function() {
         title: 'Valid AsyncApi document',
         version: '1.0',
       },
+      channels: {
+        channel1: {}
+      },
       operations: {
         someOperation1: {
+          action: 'send',
+          channel: {
+            $ref: '#/channels/channel1'
+          },
           traits: [
             {
               description: 'some description' 
@@ -25,6 +32,10 @@ describe('custom operations - apply traits v3', function() {
           ]
         },
         someOperation2: {
+          action: 'send',
+          channel: {
+            $ref: '#/channels/channel1'
+          },
           description: 'root description',
           traits: [
             {
@@ -38,16 +49,18 @@ describe('custom operations - apply traits v3', function() {
       }
     };
     const { document, diagnostics } = await parser.parse(documentRaw);
+    expect(diagnostics).toHaveLength(0);
+    
     const v3Document = document as AsyncAPIDocumentV3;
     expect(v3Document).toBeInstanceOf(AsyncAPIDocumentV3);
 
     const someOperation1 = v3Document?.json()?.operations?.someOperation1;
     delete someOperation1?.traits;
-    expect(someOperation1).toEqual({ description: 'another description' });
+    expect(someOperation1).toEqual({ action: 'send', channel: {}, description: 'another description' });
 
     const someOperation2 = v3Document?.json()?.operations?.someOperation2;
     delete someOperation2?.traits;
-    expect(someOperation2).toEqual({ description: 'root description' });
+    expect(someOperation2).toEqual({ action: 'send', channel: {}, description: 'root description' });
   });
 
   it('should apply traits to messages (channels)', async function() {
@@ -59,8 +72,8 @@ describe('custom operations - apply traits v3', function() {
       },
       channels: {
         someChannel1: {
-          messages: [
-            {
+          messages: {
+            someMessage: {
               traits: [
                 {
                   messageId: 'traitMessageId',
@@ -71,11 +84,11 @@ describe('custom operations - apply traits v3', function() {
                 }
               ]
             }
-          ]
+          }
         },
         someChannel2: {
-          messages: [
-            {
+          messages: {
+            someMessage: {
               messageId: 'rootMessageId',
               description: 'root description',
               traits: [
@@ -88,20 +101,20 @@ describe('custom operations - apply traits v3', function() {
                 }
               ]
             }
-          ]
+          }
         }
       }
     };
-    const { document } = await parser.parse(documentRaw);
+    const { diagnostics, document } = await parser.parse(documentRaw);
     
     const v3Document = document as AsyncAPIDocumentV3;
     expect(v3Document).toBeInstanceOf(AsyncAPIDocumentV3);
 
-    const message1 = v3Document?.json()?.channels?.someChannel1?.messages?.[0];
+    const message1 = v3Document?.json()?.channels?.someChannel1?.messages?.someMessage;
     delete (message1 as v3.MessageObject)?.traits;
     expect(message1).toEqual({ messageId: 'traitMessageId', description: 'another description', 'x-parser-message-name': 'traitMessageId' });
 
-    const message2 = v3Document?.json()?.channels?.someChannel2?.messages?.[0];
+    const message2 = v3Document?.json()?.channels?.someChannel2?.messages?.someMessage;
     delete (message2 as v3.MessageObject)?.traits;
     expect(message2).toEqual({ messageId: 'rootMessageId', description: 'root description', 'x-parser-message-name': 'rootMessageId' });
   });
diff --git a/test/parse.spec.ts b/test/parse.spec.ts
index aec700263..e8c941c57 100644
--- a/test/parse.spec.ts
+++ b/test/parse.spec.ts
@@ -60,8 +60,8 @@ describe('parse()', function() {
     };
     const { document, diagnostics } = await parser.parse(documentRaw);
     
-    expect(document).toBeInstanceOf(AsyncAPIDocumentV3);
-    expect(diagnostics.length === 0).toEqual(true); // Validation in v3 is still not enabled. This test will intentionally fail once that changes.
+    expect(document === undefined).toEqual(true);
+    expect(diagnostics.length > 0).toEqual(true);
   });
 
   it('should return extras', async function() {
diff --git a/test/ruleset/rules/asyncapi-document-resolved.spec.ts b/test/ruleset/rules/asyncapi-document-resolved.spec.ts
index 7369c1d0a..b90062123 100644
--- a/test/ruleset/rules/asyncapi-document-resolved.spec.ts
+++ b/test/ruleset/rules/asyncapi-document-resolved.spec.ts
@@ -15,7 +15,7 @@ testRule('asyncapi-document-resolved', [
   },
 
   {
-    name: 'invalid case (channels property is missing)',
+    name: 'invalid case for 2.X.X (channels property is missing)',
     document: {
       asyncapi: '2.0.0',
       info: {
@@ -32,7 +32,7 @@ testRule('asyncapi-document-resolved', [
   },
 
   {
-    name: 'valid case (case when other errors should also occur but we filter them out)',
+    name: 'valid case for 2.X.X (case validating $ref resolution works as expected)',
     document: {
       asyncapi: '2.0.0',
       info: {
@@ -309,4 +309,89 @@ testRule('asyncapi-document-resolved', [
     },
     errors: [],
   },
+
+  {
+    name: 'valid case (3.0.0 version)',
+    document: {
+      asyncapi: '3.0.0',
+      info: {
+        title: 'Signup service example (internal)',
+        version: '0.1.0',
+      },
+      channels: {
+        'user/signedup': {
+          address: 'user/signedup',
+          messages: {
+            'subscribe.message': {
+              payload: {}
+            }
+          }
+        }
+      },
+      operations: {
+        'user/signedup.subscribe': {
+          action: 'send',
+          channel: {
+            address: 'user/signedup',
+            messages: {
+              'subscribe.message': {
+                payload: {}
+              }
+            }
+          },
+          messages: [
+            {
+              payload: {}
+            }
+          ]
+        }
+      },
+    },
+    errors: [],
+  },
+
+  {
+    name: 'invalid case for 3.X.X (info.version property is missing)',
+    document: {
+      asyncapi: '3.0.0',
+      info: {
+        title: 'Valid AsyncApi document',
+      },
+    },
+    errors: [
+      {
+        message: '"info" property must have required property "version"',
+        severity: DiagnosticSeverity.Error,
+      },
+    ],
+  },
+
+  {
+    name: 'valid case for 3.X.X (case validating $ref resolution works as expected)',
+    document: {
+      asyncapi: '3.0.0',
+      info: {
+        title: 'Signup service example (internal)',
+        version: '0.1.0',
+      },
+      channels: {
+        userSignedup: {
+          address: 'user/signedup',
+          messages: {
+            'subscribe.message': {
+              $ref: '#/components/messages/testMessage'
+            }
+          }
+        }
+      },
+      components: {
+        messages: {
+          testMessage: {
+            payload: {}
+          }
+        }
+      }
+    },
+    errors: [],
+  },
 ]);
diff --git a/test/ruleset/rules/asyncapi-document-unresolved.spec.ts b/test/ruleset/rules/asyncapi-document-unresolved.spec.ts
index 77876052b..91e1cdd1b 100644
--- a/test/ruleset/rules/asyncapi-document-unresolved.spec.ts
+++ b/test/ruleset/rules/asyncapi-document-unresolved.spec.ts
@@ -2,7 +2,7 @@ import { testRule, DiagnosticSeverity } from '../tester';
 
 testRule('asyncapi-document-unresolved', [
   {
-    name: 'valid case',
+    name: 'valid case for 2.X.X',
     document: {
       asyncapi: '2.0.0',
       info: {
@@ -28,7 +28,7 @@ testRule('asyncapi-document-unresolved', [
   },
 
   {
-    name: 'invalid case (reference for operation object is not allowed)',
+    name: 'invalid case for 2.X.X (reference for operation object is not allowed)',
     document: {
       asyncapi: '2.0.0',
       info: {
@@ -58,26 +58,49 @@ testRule('asyncapi-document-unresolved', [
   },
 
   {
-    name: 'invalid case (case when other errors should also occur but we filter them out - required info field is omitted)',
+    name: 'valid case for 3.X.X',
     document: {
-      asyncapi: '2.0.0',
+      asyncapi: '3.0.0',
+      info: {
+        title: 'Valid AsyncApi document',
+        version: '1.0',
+      },
       channels: {
-        someChannel: {
-          publish: {
-            $ref: '#/components/x-operations/someOperation',
-          },
+        userSignedup: {
+          address: 'user/signedup',
+          messages: {
+            'subscribe.message': {
+              $ref: '#/components/messages/testMessage'
+            }
+          }
+        }
+      },
+      components: {
+        messages: {
+          someMessage: {},
         },
       },
+    },
+    errors: [],
+  },
+
+  {
+    name: 'invalid case for 3.X.X (reference for info object is not allowed)',
+    document: {
+      asyncapi: '3.0.0',
+      info: {
+        $ref: '#/components/x-titles/someTitle'
+      },
       components: {
-        'x-operations': {
-          someOperation: {},
+        'x-titles': {
+          someTitle: 'some-title',
         },
       },
     },
     errors: [
       {
         message: 'Referencing in this place is not allowed',
-        path: ['channels', 'someChannel', 'publish'],
+        path: ['info'],
         severity: DiagnosticSeverity.Error,
       },
     ],