diff --git a/Cargo.lock b/Cargo.lock
index 8792d90ac5..d66529a464 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -794,9 +794,9 @@ checksum = "1171693293099992e19cddea4e8b849964e9846f4acee11b3948bcc337be8776"
 
 [[package]]
 name = "libffi"
-version = "4.1.1"
+version = "5.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e7681c6fab541f799a829e44a445a0666cf8d8a6cfebf89419e6aed52c604e87"
+checksum = "0444124f3ffd67e1b0b0c661a7f81a278a135eb54aaad4078e79fbc8be50c8a5"
 dependencies = [
  "libc",
  "libffi-sys",
@@ -804,9 +804,9 @@ dependencies = [
 
 [[package]]
 name = "libffi-sys"
-version = "3.3.2"
+version = "4.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7b0d828d367b4450ed08e7d510dc46636cd660055f50d67ac943bfe788767c29"
+checksum = "3d722da8817ea580d0669da6babe2262d7b86a1af1103da24102b8bb9c101ce7"
 dependencies = [
  "cc",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index 12123c260d..8bb4f1c160 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -39,7 +39,7 @@ features = ['unprefixed_malloc_on_supported_platforms']
 [target.'cfg(unix)'.dependencies]
 libc = "0.2"
 # native-lib dependencies
-libffi = { version = "4.1.1", optional = true }
+libffi = { version = "5.0.0", optional = true }
 libloading = { version = "0.8", optional = true }
 serde = { version = "1.0.219", features = ["derive"], optional = true }
 
diff --git a/src/shims/native_lib/ffi.rs b/src/shims/native_lib/ffi.rs
index 0badf22bb7..196f43c6f6 100644
--- a/src/shims/native_lib/ffi.rs
+++ b/src/shims/native_lib/ffi.rs
@@ -9,11 +9,9 @@ use libffi::middle::{Arg as ArgPtr, Cif, Type as FfiType};
 ///
 /// The safety invariants of the foreign function being called must be upheld (if any).
 pub unsafe fn call<R: libffi::high::CType>(fun: CodePtr, args: &mut [OwnedArg]) -> R {
-    let arg_ptrs: Vec<_> = args.iter().map(|arg| arg.ptr()).collect();
     let cif = Cif::new(args.iter_mut().map(|arg| arg.ty.take().unwrap()), R::reify().into_middle());
-    // SAFETY: Caller upholds that the function is safe to call, and since we
-    // were passed a slice reference we know the `OwnedArg`s won't have been
-    // dropped by this point.
+    let arg_ptrs: Vec<_> = args.iter().map(|arg| ArgPtr::new(&*arg.bytes)).collect();
+    // SAFETY: Caller upholds that the function is safe to call.
     unsafe { cif.call(fun, &arg_ptrs) }
 }
 
@@ -31,16 +29,4 @@ impl OwnedArg {
     pub fn new(ty: FfiType, bytes: Box<[u8]>) -> Self {
         Self { ty: Some(ty), bytes }
     }
-
-    /// Creates a libffi argument pointer pointing to this argument's bytes.
-    /// NB: Since `libffi::middle::Arg` ignores the lifetime of the reference
-    /// it's derived from, it is up to the caller to ensure the `OwnedArg` is
-    /// not dropped before unsafely calling `libffi::middle::Cif::call()`!
-    fn ptr(&self) -> ArgPtr {
-        // FIXME: Using `&self.bytes[0]` to reference the whole array is
-        // definitely unsound under SB, but we're waiting on
-        // https://github.com/libffi-rs/libffi-rs/commit/112a37b3b6ffb35bd75241fbcc580de40ba74a73
-        // to land in a release so that we don't need to do this.
-        ArgPtr::new(&self.bytes[0])
-    }
 }