diff --git a/packages/sdk/src/logs.ts b/packages/sdk/src/logs.ts
index 79d7b915..496fe2ca 100644
--- a/packages/sdk/src/logs.ts
+++ b/packages/sdk/src/logs.ts
@@ -1,13 +1,22 @@
 /* eslint-disable @typescript-eslint/camelcase */
 import { isNonNullObject } from "@iov/encoding";
 
+const supportedEventTypes: readonly string[] = ["message", "transfer", "wasm"];
+
+export type SupportedEventType = "message" | "transfer" | "wasm";
+
+export function isSupportedEventType(data: any): data is SupportedEventType {
+  if (typeof data !== "string") return false;
+  return supportedEventTypes.includes(data);
+}
+
 export interface Attribute {
   readonly key: string;
   readonly value: string;
 }
 
 export interface Event {
-  readonly type: "message" | "transfer";
+  readonly type: SupportedEventType;
   readonly attributes: readonly Attribute[];
 }
 
@@ -34,7 +43,9 @@ export function parseAttribute(input: unknown): Attribute {
 export function parseEvent(input: unknown): Event {
   if (!isNonNullObject(input)) throw new Error("Event must be a non-null object");
   const { type, attributes } = input as any;
-  if (type !== "message" && type !== "transfer") throw new Error("Event must be of type message or transfer");
+  if (!isSupportedEventType(type)) {
+    throw new Error(`Event type must be one of ${supportedEventTypes.join(", ")}; got ${type}`);
+  }
   if (!Array.isArray(attributes)) throw new Error("Event's attributes must be an array");
   return {
     type: type,
diff --git a/packages/sdk/src/restclient.spec.ts b/packages/sdk/src/restclient.spec.ts
index b6c05d02..5aa6884a 100644
--- a/packages/sdk/src/restclient.spec.ts
+++ b/packages/sdk/src/restclient.spec.ts
@@ -581,9 +581,15 @@ describe("RestClient", () => {
       {
         const result = await executeContract(client, pen, contractAddress);
         expect(result.code).toBeFalsy();
-        // console.log("Raw log:", result.raw_log);
-        const [firstLog] = parseLogs(result.logs);
-        expect(firstLog.log).toEqual(`released funds to ${beneficiaryAddress}`);
+        // console.log("Raw log:", result.logs);
+        const logs = parseLogs(result.logs);
+        const wasmEvent = logs.find(() => true)?.events.find(e => e.type === "wasm");
+        assert(wasmEvent, "Event of type wasm expected");
+        expect(wasmEvent.attributes).toContain({ key: "action", value: "release" });
+        expect(wasmEvent.attributes).toContain({
+          key: "destination",
+          value: beneficiaryAddress,
+        });
 
         // Verify token transfer from contract to beneficiary
         const beneficiaryBalance = (await client.authAccounts(beneficiaryAddress)).result.value.coins;
diff --git a/packages/sdk/src/signingcosmwasmclient.spec.ts b/packages/sdk/src/signingcosmwasmclient.spec.ts
index defd9806..6a4208ea 100644
--- a/packages/sdk/src/signingcosmwasmclient.spec.ts
+++ b/packages/sdk/src/signingcosmwasmclient.spec.ts
@@ -144,8 +144,13 @@ describe("SigningCosmWasmClient", () => {
 
       // execute
       const result = await client.execute(contractAddress, { release: {} }, undefined);
-      const [firstLog] = result.logs;
-      expect(firstLog.log).toEqual(`released funds to ${beneficiaryAddress}`);
+      const wasmEvent = result.logs.find(() => true)?.events.find(e => e.type === "wasm");
+      assert(wasmEvent, "Event of type wasm expected");
+      expect(wasmEvent.attributes).toContain({ key: "action", value: "release" });
+      expect(wasmEvent.attributes).toContain({
+        key: "destination",
+        value: beneficiaryAddress,
+      });
 
       // Verify token transfer from contract to beneficiary
       const rest = new RestClient(httpUrl);
diff --git a/packages/sdk/types/logs.d.ts b/packages/sdk/types/logs.d.ts
index 9a9e92c7..a84e8276 100644
--- a/packages/sdk/types/logs.d.ts
+++ b/packages/sdk/types/logs.d.ts
@@ -1,9 +1,11 @@
+export declare type SupportedEventType = "message" | "transfer" | "wasm";
+export declare function isSupportedEventType(data: any): data is SupportedEventType;
 export interface Attribute {
   readonly key: string;
   readonly value: string;
 }
 export interface Event {
-  readonly type: "message" | "transfer";
+  readonly type: SupportedEventType;
   readonly attributes: readonly Attribute[];
 }
 export interface Log {