diff --git a/package-lock.json b/package-lock.json
index 5d8c96516..191bf1b26 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -9,10 +9,12 @@
       "version": "2.0.0",
       "license": "Apache-2.0",
       "dependencies": {
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         "@stoplight/spectral-functions": "^1.5.1",
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         "@stoplight/spectral-rulesets": "^1.4.3",
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@@ -24,6 +26,7 @@
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         "@types/jest": "^27.4.1",
         "@types/js-yaml": "^4.0.5",
+        "@types/json-schema": "^7.0.11",
         "@types/lodash": "^4.14.179",
         "conventional-changelog-conventionalcommits": "^4.2.3",
         "cross-env": "^7.0.3",
@@ -52,9 +55,9 @@
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+      "version": "3.1.0",
+      "resolved": "https://registry.npmjs.org/@asyncapi/specs/-/specs-3.1.0.tgz",
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@@ -2072,21 +2075,6 @@
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-        "url": "https://github.com/sponsors/epoberezkin"
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@@ -2095,11 +2083,6 @@
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@@ -2151,21 +2134,6 @@
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-      "resolved": "https://registry.npmjs.org/ajv/-/ajv-8.10.0.tgz",
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@@ -2260,6 +2223,11 @@
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+      "resolved": "https://registry.npmjs.org/@asyncapi/specs/-/specs-2.14.0.tgz",
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@@ -2275,21 +2243,6 @@
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-        "type": "github",
-        "url": "https://github.com/sponsors/epoberezkin"
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@@ -2467,9 +2420,9 @@
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@@ -2637,14 +2590,13 @@
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+      "resolved": "https://registry.npmjs.org/ajv/-/ajv-8.11.0.tgz",
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-        "json-schema-traverse": "^0.4.1",
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@@ -2668,22 +2620,7 @@
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-        "url": "https://github.com/sponsors/epoberezkin"
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-    "node_modules/ajv-formats/node_modules/json-schema-traverse": {
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@@ -4231,6 +4168,22 @@
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+      "resolved": "https://registry.npmjs.org/ajv/-/ajv-6.12.6.tgz",
+      "integrity": "sha512-j3fVLgvTo527anyYyJOGTYJbG+vnnQYvE0m5mmkc1TK+nxAppkCLMIL0aZ4dblVCNoGShhm+kzE4ZUykBoMg4g==",
+      "dev": true,
+      "dependencies": {
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+        "fast-json-stable-stringify": "^2.0.0",
+        "json-schema-traverse": "^0.4.1",
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+      },
+      "funding": {
+        "type": "github",
+        "url": "https://github.com/sponsors/epoberezkin"
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     "node_modules/eslint/node_modules/chalk": {
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@@ -14406,28 +14359,6 @@
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@@ -15201,9 +15132,9 @@
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@@ -16906,6 +16805,11 @@
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-        "json-schema-traverse": {
-          "version": "1.0.0",
-          "resolved": "https://registry.npmjs.org/json-schema-traverse/-/json-schema-traverse-1.0.0.tgz",
-          "integrity": "sha512-NM8/P9n3XjXhIZn1lLhkFaACTOURQXjWhV4BA/RnOv8xvgqtqpAX9IO4mRQxSx1Rlo4tqzeqb0sOlruaOy3dug=="
-        }
       }
     },
     "ansi-escapes": {
@@ -18416,6 +18297,18 @@
             "@babel/highlight": "^7.10.4"
           }
         },
+        "ajv": {
+          "version": "6.12.6",
+          "resolved": "https://registry.npmjs.org/ajv/-/ajv-6.12.6.tgz",
+          "integrity": "sha512-j3fVLgvTo527anyYyJOGTYJbG+vnnQYvE0m5mmkc1TK+nxAppkCLMIL0aZ4dblVCNoGShhm+kzE4ZUykBoMg4g==",
+          "dev": true,
+          "requires": {
+            "fast-deep-equal": "^3.1.1",
+            "fast-json-stable-stringify": "^2.0.0",
+            "json-schema-traverse": "^0.4.1",
+            "uri-js": "^4.2.2"
+          }
+        },
         "chalk": {
           "version": "4.1.1",
           "resolved": "https://registry.npmjs.org/chalk/-/chalk-4.1.1.tgz",
@@ -26218,26 +26111,6 @@
         "slice-ansi": "^4.0.0",
         "string-width": "^4.2.0",
         "strip-ansi": "^6.0.0"
-      },
-      "dependencies": {
-        "ajv": {
-          "version": "8.5.0",
-          "resolved": "https://registry.npmjs.org/ajv/-/ajv-8.5.0.tgz",
-          "integrity": "sha512-Y2l399Tt1AguU3BPRP9Fn4eN+Or+StUGWCUpbnFyXSo8NZ9S4uj+AG2pjs5apK+ZMOwYOz1+a+VKvKH7CudXgQ==",
-          "dev": true,
-          "requires": {
-            "fast-deep-equal": "^3.1.1",
-            "json-schema-traverse": "^1.0.0",
-            "require-from-string": "^2.0.2",
-            "uri-js": "^4.2.2"
-          }
-        },
-        "json-schema-traverse": {
-          "version": "1.0.0",
-          "resolved": "https://registry.npmjs.org/json-schema-traverse/-/json-schema-traverse-1.0.0.tgz",
-          "integrity": "sha512-NM8/P9n3XjXhIZn1lLhkFaACTOURQXjWhV4BA/RnOv8xvgqtqpAX9IO4mRQxSx1Rlo4tqzeqb0sOlruaOy3dug==",
-          "dev": true
-        }
       }
     },
     "temp-dir": {
diff --git a/package.json b/package.json
index 4764f54be..797baf8f1 100644
--- a/package.json
+++ b/package.json
@@ -33,6 +33,7 @@
     "@semantic-release/release-notes-generator": "^9.0.1",
     "@types/jest": "^27.4.1",
     "@types/js-yaml": "^4.0.5",
+    "@types/json-schema": "^7.0.11",
     "@types/lodash": "^4.14.179",
     "conventional-changelog-conventionalcommits": "^4.2.3",
     "cross-env": "^7.0.3",
@@ -48,10 +49,12 @@
     "typescript": "^4.6.2"
   },
   "dependencies": {
+    "@asyncapi/specs": "^3.1.0",
     "@stoplight/spectral-core": "^1.10.1",
     "@stoplight/spectral-functions": "^1.5.1",
     "@stoplight/spectral-parsers": "^1.0.1",
     "@stoplight/spectral-rulesets": "^1.4.3",
+    "ajv": "^8.11.0",
     "jsonpath-plus": "^6.0.1",
     "lodash": "^4.17.21"
   },
diff --git a/src/models/schema.ts b/src/models/schema.ts
index ec48a7788..81ec0008a 100644
--- a/src/models/schema.ts
+++ b/src/models/schema.ts
@@ -53,4 +53,4 @@ export interface SchemaInterface extends BaseModel, ExtensionsMixinInterface, Ex
   type(): string | Array<string> | undefined;
   uniqueItems(): boolean | undefined;
   writeOnly(): boolean | undefined;
-}
+}
\ No newline at end of file
diff --git a/src/schema-parser/asyncapi-schema-parser.ts b/src/schema-parser/asyncapi-schema-parser.ts
index a75ef58a5..5b6f64fa3 100644
--- a/src/schema-parser/asyncapi-schema-parser.ts
+++ b/src/schema-parser/asyncapi-schema-parser.ts
@@ -1,4 +1,17 @@
-import { SchemaParser } from "../schema-parser";
+import { SchemaParser, ParseSchemaInput, ValidateSchemaInput } from "../schema-parser";
+import Ajv, { ErrorObject, ValidateFunction } from "ajv";
+import type { AsyncAPISchema, SchemaValidateResult } from '../types';
+// @ts-ignore
+import specs from '@asyncapi/specs';
+
+const ajv = new Ajv({
+  allErrors: true,
+  strict: false,
+  logger: false,
+});
+
+// Only versions compatible with JSON Schema Draf-07 are supported.
+const specVersions = Object.keys(specs).filter((version: string) => !['1.0.0', '1.1.0', '1.2.0', '2.0.0-rc1', '2.0.0-rc2'].includes(version));
 
 export function AsyncAPISchemaParser(): SchemaParser {
   return {
@@ -8,12 +21,21 @@ export function AsyncAPISchemaParser(): SchemaParser {
   }
 }
 
-function validate() {
+async function validate(input: ValidateSchemaInput<unknown, unknown>): Promise<SchemaValidateResult[]> {
+  const version = input.asyncapi.semver.version
+  const validator = getSchemaValidator(version);
 
-}
+  let result: SchemaValidateResult[] = []
+  const valid = validator(input.data);
+  if (!valid && validator.errors) {
+    result = ajvToSpectralResult([...validator.errors], input.path);
+  }
 
-function parse() {
+  return result;
+}
 
+async function parse(input: ParseSchemaInput<unknown, unknown>): Promise<AsyncAPISchema> {
+  return input.data as AsyncAPISchema;
 }
 
 function getMimeTypes() {
@@ -22,7 +44,8 @@ function getMimeTypes() {
     'application/schema+json;version=draft-07',
     'application/schema+yaml;version=draft-07',
   ];
-  ['2.0.0', '2.1.0', '2.2.0', '2.3.0'].forEach(version => {
+
+  specVersions.forEach((version: string) => {
     mimeTypes.push(
       `application/vnd.aai.asyncapi;version=${version}`,
       `application/vnd.aai.asyncapi+json;version=${version}`,
@@ -31,3 +54,51 @@ function getMimeTypes() {
   });
   return mimeTypes;
 }
+
+function ajvToSpectralResult(errors: ErrorObject[], parentPath: Array<string | number>): SchemaValidateResult[] {
+  if (parentPath === undefined) {
+    parentPath = [];
+  }
+
+  return errors.map(error => {
+    const errorPath = error.instancePath.replace(/^\//, '').split('/');
+
+    return {
+      message: error.message,
+      path: parentPath.concat(errorPath),
+    } as SchemaValidateResult;
+  });
+}
+
+function getSchemaValidator(version: string): ValidateFunction {
+  let validator = ajv.getSchema(version);
+  if (!validator) {
+    const schema = preparePayloadSchema(specs[version], version);
+
+    ajv.addSchema(schema, version);
+    validator = ajv.getSchema(version);
+  }
+
+  return validator as ValidateFunction;
+}
+
+/**
+ * To validate the schema of the payload we just need a small portion of official AsyncAPI spec JSON Schema, the Schema Object in particular. The definition of Schema Object must be
+ * included in the returned JSON Schema.
+ */
+function preparePayloadSchema(asyncapiSchema: AsyncAPISchema, version: string): AsyncAPISchema {
+  const payloadSchema = `http://asyncapi.com/definitions/${version}/schema.json`;
+  const definitions = asyncapiSchema.definitions;
+  if (definitions === undefined) {
+    throw new Error("AsyncAPI schema must contain definitions");
+  }
+
+  // Remove the meta schemas because they are already present within Ajv, and it's not possible to add duplicated schemas.
+  delete definitions['http://json-schema.org/draft-07/schema'];
+  delete definitions['http://json-schema.org/draft-04/schema'];
+  
+  return {
+    $ref: payloadSchema,
+    definitions
+  };
+}
diff --git a/src/schema-parser/index.ts b/src/schema-parser/index.ts
index 3966782fe..89bf2ade6 100644
--- a/src/schema-parser/index.ts
+++ b/src/schema-parser/index.ts
@@ -1,5 +1,5 @@
 import type { Parser } from '../parser';
-import type { DetailedAsyncAPI, SchemaValidateResult } from '../types';
+import type { AsyncAPISchema, DetailedAsyncAPI, SchemaValidateResult } from '../types';
 
 export interface ValidateSchemaInput<D = unknown, M = unknown> {
   readonly asyncapi: DetailedAsyncAPI;
@@ -21,11 +21,11 @@ export interface ParseSchemaInput<D = unknown, M = unknown> {
 
 export interface SchemaParser<D = unknown, M = unknown> {
   validate: (input: ValidateSchemaInput<D, M>) => void | SchemaValidateResult[] | Promise<void | SchemaValidateResult[]>;
-  parse: (input: ParseSchemaInput<D, M>) => unknown | Promise<unknown>;
+  parse: (input: ParseSchemaInput<D, M>) => AsyncAPISchema | Promise<AsyncAPISchema>;
   getMimeTypes: () => Array<string>;
 }
 
-export async function validateSchema(parser: Parser, input: ParseSchemaInput) {
+export async function validateSchema(parser: Parser, input: ValidateSchemaInput) {
   const schemaParser = parser.parserRegistry.get(input.schemaFormat);
   if (schemaParser === undefined) {
     // throw appropriate error
diff --git a/src/types.ts b/src/types.ts
index 94f03e353..954b4b5ad 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -1,4 +1,5 @@
 import type { ISpectralDiagnostic, IFunctionResult } from '@stoplight/spectral-core';
+import type { JSONSchema7 } from "json-schema"
 
 export type MaybeAsyncAPI = { asyncapi: string } & Record<string, unknown>;
 export interface AsyncAPISemver {
@@ -17,3 +18,4 @@ export interface DetailedAsyncAPI {
 
 export type Diagnostic = ISpectralDiagnostic;
 export type SchemaValidateResult = IFunctionResult;
+export type AsyncAPISchema = JSONSchema7;
diff --git a/test/schema-parser/asyncapi-schema-parser.spec.ts b/test/schema-parser/asyncapi-schema-parser.spec.ts
new file mode 100644
index 000000000..51af7b933
--- /dev/null
+++ b/test/schema-parser/asyncapi-schema-parser.spec.ts
@@ -0,0 +1,88 @@
+import { ParseSchemaInput, ValidateSchemaInput } from '../../src/schema-parser/index';
+import { AsyncAPISchemaParser } from '../../src/schema-parser/asyncapi-schema-parser';
+import { SchemaValidateResult } from '../../src/types';
+
+describe('AsyncAPISchemaParser', function () {
+
+  const validSchema = {
+    asyncapi: {
+      semver: {
+        version: "2.4.0",
+      }
+    },
+    data: {
+      type: "object",
+      required: [
+        "name"
+      ],
+      properties: {
+        name: {
+          type: "string"
+        },
+        address: {
+          type: "string"
+        },
+      }
+    },
+  };
+
+  const parser = AsyncAPISchemaParser();
+
+  it('should return Mime Types', async function () {
+    expect(parser.getMimeTypes()).not.toEqual([]);
+  });
+
+  it('should parse valid AsyncAPI Schema', async function () {
+    const schema = <ParseSchemaInput<object>>validSchema;
+    const parsed = await parser.parse(schema);
+    expect(parsed).toEqual(schema.data);
+  });
+
+  it('should validate valid AsyncAPI Schema', async function () {
+    const schema = <ValidateSchemaInput<object>>validSchema;
+    const result = await parser.validate(schema);
+
+    expect(result).toHaveLength(0);
+  });
+
+  it('should validate invalid AsyncAPI Schema with invalid schema', async function () {
+    const schema = <ValidateSchemaInput<object>>{
+      asyncapi: {
+        semver: {
+          version: "2.4.0",
+        }
+      },
+      path: ["components", "schemas", "schema1", "payload"],
+      data: {
+        oneOf: "this should be an array",
+        properties: {
+          name: {
+            if: "this should be an if"
+          }
+        }
+      }
+    };
+
+    const result = await parser.validate(schema);
+    const expectedResult: SchemaValidateResult[] = [
+      {
+        message: 'must be object,boolean',
+        path: ['components', 'schemas', 'schema1', 'payload', 'properties', 'name', 'if']
+      },
+      {
+        message: 'must be array',
+        path: ['components', 'schemas', 'schema1', 'payload', 'oneOf']
+      },
+      {
+        message: 'must be array',
+        path: ['components', 'schemas', 'schema1', 'payload', 'oneOf']
+      },
+      {
+        message: 'must be object,boolean',
+        path: ['components', 'schemas', 'schema1', 'payload', 'properties', 'name', 'if']
+      }
+    ];
+
+    expect(result).toEqual(expectedResult);
+  });
+});