diff --git a/.circleci/config.yml b/.circleci/config.yml
index 594179f21..01e297072 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -7,7 +7,7 @@ jobs:
   # All checks on the codebase that can run in parallel to build_shared_library
   libwasmvm_sanity:
     docker:
-      - image: cimg/rust:1.67.0
+      - image: cimg/rust:1.70.0
     steps:
       - checkout
       - run:
@@ -18,8 +18,8 @@ jobs:
           command: rustup component add clippy rustfmt
       - restore_cache:
           keys:
-            - cargocache-v3-libwasmvm_sanity-rust:1.67.0-{{ checksum "libwasmvm/Cargo.lock" }}
-            - cargocache-v3-libwasmvm_sanity-rust:1.67.0-
+            - cargocache-v3-libwasmvm_sanity-rust:1.70.0-{{ checksum "libwasmvm/Cargo.lock" }}
+            - cargocache-v3-libwasmvm_sanity-rust:1.70.0-
       - run:
           name: Ensure libwasmvm/bindings.h is up-to-date
           working_directory: libwasmvm
@@ -66,7 +66,7 @@ jobs:
             - libwasmvm/target/release/.fingerprint
             - libwasmvm/target/release/build
             - libwasmvm/target/release/deps
-          key: cargocache-v3-libwasmvm_sanity-rust:1.67.0-{{ checksum "libwasmvm/Cargo.lock" }}
+          key: cargocache-v3-libwasmvm_sanity-rust:1.70.0-{{ checksum "libwasmvm/Cargo.lock" }}
 
   # This performs all the Rust debug builds on Windows. Similar to libwasmvm_sanity
   # but avoids duplicating things that are not platform dependent.
@@ -84,15 +84,15 @@ jobs:
           command: |
             set -o errexit
             curl -sS --output rustup-init.exe https://static.rust-lang.org/rustup/dist/x86_64-pc-windows-msvc/rustup-init.exe
-            ./rustup-init.exe --no-modify-path --profile minimal --default-toolchain 1.67.0 -y
+            ./rustup-init.exe --no-modify-path --profile minimal --default-toolchain 1.70.0 -y
             echo 'export PATH="$PATH;$USERPROFILE/.cargo/bin"' >> "$BASH_ENV"
       - run:
           name: Show Rust version information
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cachev4-libwasmvm_sanity_windows-rust:1.67.0-{{ checksum "libwasmvm/Cargo.lock" }}
-            - cachev4-libwasmvm_sanity_windows-rust:1.67.0-
+            - cachev4-libwasmvm_sanity_windows-rust:1.70.0-{{ checksum "libwasmvm/Cargo.lock" }}
+            - cachev4-libwasmvm_sanity_windows-rust:1.70.0-
       - run:
           name: Run unit tests
           working_directory: libwasmvm
@@ -104,7 +104,7 @@ jobs:
             - libwasmvm/target/debug/.fingerprint
             - libwasmvm/target/debug/build
             - libwasmvm/target/debug/deps
-          key: cachev4-libwasmvm_sanity_windows-rust:1.67.0-{{ checksum "libwasmvm/Cargo.lock" }}
+          key: cachev4-libwasmvm_sanity_windows-rust:1.70.0-{{ checksum "libwasmvm/Cargo.lock" }}
 
   libwasmvm_audit:
     docker:
@@ -219,7 +219,7 @@ jobs:
 
   build_shared_library:
     docker:
-      - image: cimg/rust:1.67.0
+      - image: cimg/rust:1.70.0
     steps:
       - checkout
       - run:
@@ -227,8 +227,8 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - cargocache-v3-build_shared_library-rust:1.67.0-{{ checksum "libwasmvm/Cargo.lock" }}
-            - cargocache-v3-build_shared_library-rust:1.67.0-
+            - cargocache-v3-build_shared_library-rust:1.70.0-{{ checksum "libwasmvm/Cargo.lock" }}
+            - cargocache-v3-build_shared_library-rust:1.70.0-
       - run:
           name: Create release build of libwasmvm
           command: make build-rust
@@ -245,7 +245,7 @@ jobs:
             - libwasmvm/target/release/.fingerprint
             - libwasmvm/target/release/build
             - libwasmvm/target/release/deps
-          key: cargocache-v3-build_shared_library-rust:1.67.0-{{ checksum "libwasmvm/Cargo.lock" }}
+          key: cargocache-v3-build_shared_library-rust:1.70.0-{{ checksum "libwasmvm/Cargo.lock" }}
 
   # Test the Go project
   wasmvm_test:
diff --git a/Makefile b/Makefile
index 8c4b23ee8..fefe0a454 100644
--- a/Makefile
+++ b/Makefile
@@ -103,6 +103,14 @@ release-build-macos-static:
 	cp libwasmvm/artifacts/libwasmvmstatic_darwin.a internal/api/libwasmvmstatic_darwin.a
 	make update-bindings
 
+# Creates a release build in a native MacOS build environment, of the shared library for macOS (.dylib)
+release-build-macos-native:
+	rm -rf libwasmvm/target/x86_64-apple-darwin/release
+	rm -rf libwasmvm/target/aarch64-apple-darwin/release
+	(cd libwasmvm && ../builders/guest/build_macos_native.sh)
+	cp libwasmvm/artifacts/libwasmvm.dylib internal/api
+	make update-bindings
+
 # Creates a release build in a containerized build environment of the shared library for Windows (.dll)
 release-build-windows:
 	# Builders should not write their target folder into the host file system (https://github.com/CosmWasm/wasmvm/issues/437)
diff --git a/builders/Dockerfile.alpine b/builders/Dockerfile.alpine
index 8ba3cbb8b..f06f4bfb2 100644
--- a/builders/Dockerfile.alpine
+++ b/builders/Dockerfile.alpine
@@ -18,7 +18,7 @@ RUN set -eux \
 
 RUN wget "https://static.rust-lang.org/rustup/dist/x86_64-unknown-linux-musl/rustup-init" \
   && chmod +x rustup-init \
-  && ./rustup-init -y --no-modify-path --profile minimal --default-toolchain 1.69.0 \
+  && ./rustup-init -y --no-modify-path --profile minimal --default-toolchain 1.70.0 \
   && rm rustup-init \
   && chmod -R a+w $RUSTUP_HOME $CARGO_HOME
 
diff --git a/builders/Dockerfile.centos7 b/builders/Dockerfile.centos7
index c95318092..f6ba4250b 100644
--- a/builders/Dockerfile.centos7
+++ b/builders/Dockerfile.centos7
@@ -26,7 +26,7 @@ ENV RUSTUP_HOME=/usr/local/rustup \
 
 RUN wget "https://static.rust-lang.org/rustup/dist/x86_64-unknown-linux-gnu/rustup-init" \
   && chmod +x rustup-init \
-  && ./rustup-init -y --no-modify-path --profile minimal --default-toolchain 1.69.0 \
+  && ./rustup-init -y --no-modify-path --profile minimal --default-toolchain 1.70.0 \
   && rm rustup-init \
   && chmod -R a+w $RUSTUP_HOME $CARGO_HOME \
   && rustup --version \
diff --git a/builders/Dockerfile.cross b/builders/Dockerfile.cross
index bcabb747a..72b094e78 100644
--- a/builders/Dockerfile.cross
+++ b/builders/Dockerfile.cross
@@ -1,4 +1,4 @@
-FROM rust:1.69.0-bullseye
+FROM rust:1.70.0-bullseye
 
 # Install build dependencies
 RUN apt-get update \
diff --git a/builders/Makefile b/builders/Makefile
index 3d18e0d31..6e6e25ef1 100644
--- a/builders/Makefile
+++ b/builders/Makefile
@@ -1,6 +1,6 @@
 # Versioned by a simple counter that is not bound to a specific CosmWasm version
 # See builders/README.md
-BUILDERS_PREFIX := cosmwasm/go-ext-builder:0016
+BUILDERS_PREFIX := cosmwasm/go-ext-builder:0017
 
 .PHONY: docker-image-centos7
 docker-image-centos7:
diff --git a/builders/README.md b/builders/README.md
index 4a568eef6..ae0452232 100644
--- a/builders/README.md
+++ b/builders/README.md
@@ -14,6 +14,10 @@ any machine that can run Docker can do the cross-compilation.
 
 ## Changelog
 
+**Version 0017:**
+
+- Update Rust to 1.70.0.
+
 **Version 0016:**
 
 - Update Rust to 1.69.0.
diff --git a/builders/guest/build_macos_native.sh b/builders/guest/build_macos_native.sh
new file mode 100755
index 000000000..67c003369
--- /dev/null
+++ b/builders/guest/build_macos_native.sh
@@ -0,0 +1,24 @@
+#!/bin/bash
+set -o errexit -o nounset -o pipefail
+
+# ref: https://wapl.es/rust/2019/02/17/rust-cross-compile-linux-to-macos.html
+#export PATH="/opt/osxcross/target/bin:$PATH"
+export LIBZ_SYS_STATIC=1
+
+# See https://github.com/CosmWasm/wasmvm/issues/222#issuecomment-880616953 for two approaches to
+# enable stripping through cargo (if that is desired).
+
+echo "Starting aarch64-apple-darwin build"
+export CC=aarch64-apple-darwin20.4-clang
+export CXX=aarch64-apple-darwin20.4-clang++
+cargo build --release --target aarch64-apple-darwin
+
+echo "Starting x86_64-apple-darwin build"
+export CC=o64-clang
+export CXX=o64-clang++
+cargo build --release --target x86_64-apple-darwin
+
+# Create a universal library with both archs
+lipo -output artifacts/libwasmvm.dylib -create \
+  target/x86_64-apple-darwin/release/deps/libwasmvm.dylib \
+  target/aarch64-apple-darwin/release/deps/libwasmvm.dylib
diff --git a/docs/COMPILER_VERSIONS.md b/docs/COMPILER_VERSIONS.md
index 785053066..9be7e28d5 100644
--- a/docs/COMPILER_VERSIONS.md
+++ b/docs/COMPILER_VERSIONS.md
@@ -63,6 +63,6 @@ We currently use the following version:
 
 | Type                     | Rust version | Note                              |
 | ------------------------ | ------------ | --------------------------------- |
-| Production Rust compiler | 1.69.0       | Builders version 0016             |
-| Min Rust compiler        | 1.67.0       | Supports builder versions >= 0015 |
-| Tooling Rust compiler    | 1.69.0       |                                   |
+| Production Rust compiler | 1.70.0       | Builders version 0017             |
+| Min Rust compiler        | 1.70.0       | Supports builder versions >= 0017 |
+| Tooling Rust compiler    | 1.70.0       |                                   |
diff --git a/libwasmvm/Cargo.lock b/libwasmvm/Cargo.lock
index c6a40e34b..682a5cf0c 100644
--- a/libwasmvm/Cargo.lock
+++ b/libwasmvm/Cargo.lock
@@ -223,9 +223,9 @@ dependencies = [
 
 [[package]]
 name = "clru"
-version = "0.4.0"
+version = "0.6.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "591ff76ca0691bd91c1b0b5b987e5cf93b21ec810ad96665c5a569c60846dd93"
+checksum = "b8191fa7302e03607ff0e237d4246cc043ff5b3cb9409d995172ba3bea16b807"
 
 [[package]]
 name = "const-oid"
@@ -249,9 +249,10 @@ dependencies = [
 [[package]]
 name = "cosmwasm-crypto"
 version = "1.4.0"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?rev=v1.4.0#f11b456d46073d0324d9e39ed617f7fcfdbe1b06"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=upgrade-wasmer#592ce72652d784c840596f92aaadeebc6770e0c6"
 dependencies = [
  "digest 0.10.7",
+ "ecdsa",
  "ed25519-zebra",
  "k256",
  "rand_core 0.6.4",
@@ -261,7 +262,7 @@ dependencies = [
 [[package]]
 name = "cosmwasm-derive"
 version = "1.4.0"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?rev=v1.4.0#f11b456d46073d0324d9e39ed617f7fcfdbe1b06"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=upgrade-wasmer#592ce72652d784c840596f92aaadeebc6770e0c6"
 dependencies = [
  "syn 1.0.109",
 ]
@@ -269,7 +270,7 @@ dependencies = [
 [[package]]
 name = "cosmwasm-std"
 version = "1.4.0"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?rev=v1.4.0#f11b456d46073d0324d9e39ed617f7fcfdbe1b06"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=upgrade-wasmer#592ce72652d784c840596f92aaadeebc6770e0c6"
 dependencies = [
  "base64",
  "bnum",
@@ -282,13 +283,14 @@ dependencies = [
  "serde",
  "serde-json-wasm",
  "sha2 0.10.7",
+ "static_assertions",
  "thiserror",
 ]
 
 [[package]]
 name = "cosmwasm-vm"
 version = "1.4.0"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?rev=v1.4.0#f11b456d46073d0324d9e39ed617f7fcfdbe1b06"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=upgrade-wasmer#592ce72652d784c840596f92aaadeebc6770e0c6"
 dependencies = [
  "bitflags",
  "bytecheck",
@@ -444,6 +446,16 @@ dependencies = [
  "scopeguard",
 ]
 
+[[package]]
+name = "crossbeam-queue"
+version = "0.3.8"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d1cfb3ea8a53f37c40dea2c7bedcbd88bdfae54f5e2175d6ecaff1c988353add"
+dependencies = [
+ "cfg-if",
+ "crossbeam-utils",
+]
+
 [[package]]
 name = "crossbeam-utils"
 version = "0.8.16"
@@ -612,7 +624,7 @@ checksum = "64fba5a42bd76a17cad4bfa00de168ee1cbfa06a5e8ce992ae880218c05641a9"
 dependencies = [
  "byteorder",
  "dynasm",
- "memmap2",
+ "memmap2 0.5.10",
 ]
 
 [[package]]
@@ -1052,6 +1064,15 @@ dependencies = [
  "libc",
 ]
 
+[[package]]
+name = "memmap2"
+version = "0.6.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6d28bba84adfe6646737845bc5ebbfa2c08424eb1c37e94a1fd2a82adb56a872"
+dependencies = [
+ "libc",
+]
+
 [[package]]
 name = "memoffset"
 version = "0.8.0"
@@ -1419,6 +1440,12 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "self_cell"
+version = "1.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4c309e515543e67811222dbc9e3dd7e1056279b782e1dacffe4242b718734fb6"
+
 [[package]]
 name = "serde"
 version = "1.0.188"
@@ -1505,6 +1532,16 @@ dependencies = [
  "digest 0.10.7",
 ]
 
+[[package]]
+name = "shared-buffer"
+version = "0.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2cf61602ee61e2f83dd016b3e6387245291cf728ea071c378b35088125b4d995"
+dependencies = [
+ "bytes",
+ "memmap2 0.6.2",
+]
+
 [[package]]
 name = "signature"
 version = "2.1.0"
@@ -1549,6 +1586,12 @@ version = "1.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a8f112729512f8e442d81f95a8a7ddf2b7c6b8a1a6f509a95864142b30cab2d3"
 
+[[package]]
+name = "static_assertions"
+version = "1.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a2eb9349b6444b326872e140eb1cf5e7c522154d69e7a0ffb0fb81c06b37543f"
+
 [[package]]
 name = "strsim"
 version = "0.10.0"
@@ -1863,9 +1906,9 @@ checksum = "ca6ad05a4870b2bf5fe995117d3728437bd27d7cd5f06f13c17443ef369775a1"
 
 [[package]]
 name = "wasmer"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fc7142dbb91ede83cc0aef2301fa75fcc7e0c9e5a7d5358e3c4f3a7249fe9ce8"
+checksum = "0e626f958755a90a6552b9528f59b58a62ae288e6c17fcf40e99495bc33c60f0"
 dependencies = [
  "bytes",
  "cfg-if",
@@ -1876,6 +1919,7 @@ dependencies = [
  "rustc-demangle",
  "serde",
  "serde-wasm-bindgen",
+ "shared-buffer",
  "target-lexicon",
  "thiserror",
  "wasm-bindgen",
@@ -1891,19 +1935,23 @@ dependencies = [
 
 [[package]]
 name = "wasmer-compiler"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e5b99c70711ec7631b602a9fc95577c40df21e8f3916159c9d80c3fb4f77abdc"
+checksum = "848e1922694cf97f4df680a0534c9d72c836378b5eb2313c1708fe1a75b40044"
 dependencies = [
  "backtrace",
+ "bytes",
  "cfg-if",
  "enum-iterator",
  "enumset",
  "lazy_static",
  "leb128",
- "memmap2",
+ "memmap2 0.5.10",
  "more-asserts",
  "region",
+ "rkyv",
+ "self_cell",
+ "shared-buffer",
  "smallvec",
  "thiserror",
  "wasmer-types",
@@ -1914,9 +1962,9 @@ dependencies = [
 
 [[package]]
 name = "wasmer-compiler-cranelift"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "52aef2ef35513a04fed54de9a7dc9c469d4742a5c2e378a5f7e2a79b1327e3bd"
+checksum = "3d96bce6fad15a954edcfc2749b59e47ea7de524b6ef3df392035636491a40b4"
 dependencies = [
  "cranelift-codegen",
  "cranelift-entity",
@@ -1933,9 +1981,9 @@ dependencies = [
 
 [[package]]
 name = "wasmer-compiler-singlepass"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ebfd019aa98b19fea0fb1d8db9b539145c9416d183ce4cda4e8e024b2c890aac"
+checksum = "ebaa865b40ffb3351b03dab9fe9930a5248c25daebd55b464b79b862d9b55ccd"
 dependencies = [
  "byteorder",
  "dynasm",
@@ -1952,9 +2000,9 @@ dependencies = [
 
 [[package]]
 name = "wasmer-derive"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "25bb1425c9e4dc3e2d3aacd6e82e22e27a3127379e0d09bcbdf25ff376229162"
+checksum = "7f08f80d166a9279671b7af7a09409c28ede2e0b4e3acabbf0e3cb22c8038ba7"
 dependencies = [
  "proc-macro-error",
  "proc-macro2",
@@ -1964,9 +2012,9 @@ dependencies = [
 
 [[package]]
 name = "wasmer-middlewares"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "acfc08fb8e2e1511f1d69302d7406ace6c0ec0c90e103f8c0a5aa81ecb9fe81f"
+checksum = "eeb4b87c0ea9f8636c81a8ab8f52bad01c8623c9fcbb3db5f367d5f157fada30"
 dependencies = [
  "wasmer",
  "wasmer-types",
@@ -1975,9 +2023,9 @@ dependencies = [
 
 [[package]]
 name = "wasmer-types"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d7e32ed799fa8c0d96ca9615d9ea8006857a0f0c18e7c2ed8082bd5c63a9ea70"
+checksum = "ae2c892882f0b416783fb4310e5697f5c30587f6f9555f9d4f2be85ab39d5d3d"
 dependencies = [
  "bytecheck",
  "enum-iterator",
@@ -1991,14 +2039,15 @@ dependencies = [
 
 [[package]]
 name = "wasmer-vm"
-version = "4.1.2"
+version = "4.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0847513cb176b5d62a6f65d6ae474594935e726a10e9e3387177d9cbf8b8cda0"
+checksum = "7c0a9a57b627fb39e5a491058d4365f099bc9b140031c000fded24a3306d9480"
 dependencies = [
  "backtrace",
  "cc",
  "cfg-if",
  "corosensei",
+ "crossbeam-queue",
  "dashmap",
  "derivative",
  "enum-iterator",
diff --git a/libwasmvm/Cargo.toml b/libwasmvm/Cargo.toml
index f3dab36ba..6635bfb75 100644
--- a/libwasmvm/Cargo.toml
+++ b/libwasmvm/Cargo.toml
@@ -26,8 +26,8 @@ default = []
 backtraces = []
 
 [dependencies]
-cosmwasm-std = { git = "https://github.com/CosmWasm/cosmwasm.git", rev = "v1.4.0", features = ["staking", "stargate", "iterator"] }
-cosmwasm-vm = { git = "https://github.com/CosmWasm/cosmwasm.git", rev = "v1.4.0", features = ["staking", "stargate", "iterator"] }
+cosmwasm-std = { git = "https://github.com/CosmWasm/cosmwasm.git", branch = "upgrade-wasmer", features = ["staking", "stargate", "iterator"] }
+cosmwasm-vm = { git = "https://github.com/CosmWasm/cosmwasm.git", branch = "upgrade-wasmer", features = ["staking", "stargate", "iterator"] }
 errno = "0.2"
 serde_json = "1.0.91"
 thiserror = "1.0.38"