diff --git a/packages/svelte/package.json b/packages/svelte/package.json
index 21752e2d4b..d806aa09a5 100644
--- a/packages/svelte/package.json
+++ b/packages/svelte/package.json
@@ -174,6 +174,7 @@
     "aria-query": "^5.3.1",
     "axobject-query": "^4.1.0",
     "clsx": "^2.1.1",
+    "devalue": "^5.3.2",
     "esm-env": "^1.2.1",
     "esrap": "^2.1.0",
     "is-reference": "^3.0.3",
diff --git a/packages/svelte/src/index-client.js b/packages/svelte/src/index-client.js
index 85eeab7de9..0dd330ea42 100644
--- a/packages/svelte/src/index-client.js
+++ b/packages/svelte/src/index-client.js
@@ -242,7 +242,13 @@ function init_update_callbacks(context) {
 }
 
 export { flushSync } from './internal/client/reactivity/batch.js';
-export { getContext, getAllContexts, hasContext, setContext } from './internal/client/context.js';
+export {
+	getContext,
+	getAllContexts,
+	hasContext,
+	setContext,
+	hydratable
+} from './internal/client/context.js';
 export { hydrate, mount, unmount } from './internal/client/render.js';
 export { tick, untrack, settled } from './internal/client/runtime.js';
 export { createRawSnippet } from './internal/client/dom/blocks/snippet.js';
diff --git a/packages/svelte/src/index-server.js b/packages/svelte/src/index-server.js
index f193c46894..7606129493 100644
--- a/packages/svelte/src/index-server.js
+++ b/packages/svelte/src/index-server.js
@@ -39,6 +39,12 @@ export async function settled() {}
 
 export { getAbortSignal } from './internal/server/abort-signal.js';
 
-export { getAllContexts, getContext, hasContext, setContext } from './internal/server/context.js';
+export {
+	getAllContexts,
+	getContext,
+	hasContext,
+	setContext,
+	hydratable
+} from './internal/server/context.js';
 
 export { createRawSnippet } from './internal/server/blocks/snippet.js';
diff --git a/packages/svelte/src/internal/client/context.js b/packages/svelte/src/internal/client/context.js
index cad75546d4..d7586515dd 100644
--- a/packages/svelte/src/internal/client/context.js
+++ b/packages/svelte/src/internal/client/context.js
@@ -6,6 +6,7 @@ import { create_user_effect } from './reactivity/effects.js';
 import { async_mode_flag, legacy_mode_flag } from '../flags/index.js';
 import { FILENAME } from '../../constants.js';
 import { BRANCH_EFFECT, EFFECT_RAN } from './constants.js';
+import { hydrating } from './dom/hydration.js';
 
 /** @type {ComponentContext | null} */
 export let component_context = null;
@@ -194,6 +195,30 @@ export function is_runes() {
 	return !legacy_mode_flag || (component_context !== null && component_context.l === null);
 }
 
+/**
+ * @template T
+ * @param {string} key
+ * @param {() => Promise<T>} fn
+ * @returns {Promise<T>}
+ */
+export function hydratable(key, fn) {
+	if (!hydrating) {
+		return fn();
+	}
+	/** @type {Map<string, unknown> | undefined} */
+	// @ts-expect-error
+	var store = window.__svelte?.h;
+	if (store === undefined) {
+		throw new Error('TODO this should be impossible?');
+	}
+	if (!store.has(key)) {
+		throw new Error(
+			`TODO Expected hydratable key "${key}" to exist during hydration, but it does not`
+		);
+	}
+	return /** @type {Promise<T>} */ (store.get(key));
+}
+
 /**
  * @param {string} name
  * @returns {Map<unknown, unknown>}
diff --git a/packages/svelte/src/internal/server/context.js b/packages/svelte/src/internal/server/context.js
index c59b2d260a..09d29d195f 100644
--- a/packages/svelte/src/internal/server/context.js
+++ b/packages/svelte/src/internal/server/context.js
@@ -110,3 +110,19 @@ export async function save(promise) {
 		return value;
 	};
 }
+
+/**
+ * @template T
+ * @param {string} key
+ * @param {() => Promise<T>} fn
+ * @returns {Promise<T>}
+ */
+export function hydratable(key, fn) {
+	if (ssr_context === null || ssr_context.r === null) {
+		// TODO probably should make this a different error like await_reactivity_loss
+		// also when can context be defined but r be null? just when context isn't used at all?
+		e.lifecycle_outside_component('hydratable');
+	}
+
+	return ssr_context.r.register_hydratable(key, fn);
+}
diff --git a/packages/svelte/src/internal/server/renderer.js b/packages/svelte/src/internal/server/renderer.js
index bbb43a6f3b..b2f1f45363 100644
--- a/packages/svelte/src/internal/server/renderer.js
+++ b/packages/svelte/src/internal/server/renderer.js
@@ -7,6 +7,7 @@ import * as e from './errors.js';
 import * as w from './warnings.js';
 import { BLOCK_CLOSE, BLOCK_OPEN } from './hydration.js';
 import { attributes } from './index.js';
+import { uneval } from 'devalue';
 
 /** @typedef {'head' | 'body'} RendererType */
 /** @typedef {{ [key in RendererType]: string }} AccumulatedContent */
@@ -266,6 +267,25 @@ export class Renderer {
 		}
 	}
 
+	/**
+	 * @template T
+	 * @param {string} key
+	 * @param {() => Promise<T>} fn
+	 */
+	register_hydratable(key, fn) {
+		if (this.global.mode === 'sync') {
+			// TODO
+			throw new Error('no no');
+		}
+		if (this.global.hydratables.has(key)) {
+			// TODO error
+			throw new Error("can't have two hydratables with the same key");
+		}
+		const result = fn();
+		this.global.hydratables.set(key, { blocking: true, value: result });
+		return result;
+	}
+
 	/**
 	 * @param {() => void} fn
 	 */
@@ -467,6 +487,7 @@ export class Renderer {
 			const renderer = Renderer.#open_render('async', component, options);
 
 			const content = await renderer.#collect_content_async();
+			content.head = (await renderer.#collect_hydratables()) + content.head;
 			return Renderer.#close_render(content, renderer);
 		} finally {
 			abort();
@@ -511,6 +532,23 @@ export class Renderer {
 		return content;
 	}
 
+	async #collect_hydratables() {
+		const map = this.global.hydratables;
+		if (!map) return '';
+
+		// TODO add namespacing for multiple apps, nonce, csp, whatever -- not sure what we need to do there
+		/** @type {string} */
+		let resolved = '<script>(window.__svelte ??= {}).h = ';
+		let resolved_map = new Map();
+		for (const [k, v] of map) {
+			if (!v.blocking) continue;
+			// sequential await is okay here -- all the work is already kicked off
+			resolved_map.set(k, await v.value);
+		}
+		resolved += uneval(resolved_map) + '</script>';
+		return resolved;
+	}
+
 	/**
 	 * @template {Record<string, any>} Props
 	 * @param {'sync' | 'async'} mode
@@ -576,6 +614,9 @@ export class SSRState {
 	/** @readonly @type {Set<{ hash: string; code: string }>} */
 	css = new Set();
 
+	/** @type {Map<string, { blocking: boolean, value: Promise<unknown> }>} */
+	hydratables = new Map();
+
 	/** @type {{ path: number[], value: string }} */
 	#title = { path: [], value: '' };
 
diff --git a/packages/svelte/src/reactivity/index-client.js b/packages/svelte/src/reactivity/index-client.js
index 3eb9b95333..beadbe9d10 100644
--- a/packages/svelte/src/reactivity/index-client.js
+++ b/packages/svelte/src/reactivity/index-client.js
@@ -5,3 +5,4 @@ export { SvelteURL } from './url.js';
 export { SvelteURLSearchParams } from './url-search-params.js';
 export { MediaQuery } from './media-query.js';
 export { createSubscriber } from './create-subscriber.js';
+export { Resource } from './resource.js';
diff --git a/packages/svelte/src/reactivity/index-server.js b/packages/svelte/src/reactivity/index-server.js
index 6a6c9dcf13..49c2f8597b 100644
--- a/packages/svelte/src/reactivity/index-server.js
+++ b/packages/svelte/src/reactivity/index-server.js
@@ -21,3 +21,91 @@ export class MediaQuery {
 export function createSubscriber(_) {
 	return () => {};
 }
+
+/**
+ * @template T
+ * @implements {Partial<Promise<T>>}
+ */
+export class Resource {
+	/** @type {Promise<void>} */
+	#promise;
+	#ready = false;
+	#loading = true;
+
+	/** @type {T | undefined} */
+	#current = undefined;
+	#error = undefined;
+
+	/**
+	 * @param {() => Promise<T>} fn
+	 * @param {() => Promise<T>} [init]
+	 */
+	constructor(fn, init = fn) {
+		this.#promise = Promise.resolve(init()).then(
+			(val) => {
+				this.#ready = true;
+				this.#loading = false;
+				this.#current = val;
+				this.#error = undefined;
+			},
+			(error) => {
+				this.#error = error;
+				this.#loading = false;
+			}
+		);
+	}
+
+	get then() {
+		// @ts-expect-error
+		return (onfulfilled, onrejected) =>
+			this.#promise.then(
+				() => onfulfilled?.(this.#current),
+				() => onrejected?.(this.#error)
+			);
+	}
+
+	get catch() {
+		return (/** @type {any} */ onrejected) => this.then(undefined, onrejected);
+	}
+
+	get finally() {
+		return (/** @type {any} */ onfinally) => this.then(onfinally, onfinally);
+	}
+
+	get current() {
+		return this.#current;
+	}
+
+	get error() {
+		return this.#error;
+	}
+
+	/**
+	 * Returns true if the resource is loading or reloading.
+	 */
+	get loading() {
+		return this.#loading;
+	}
+
+	/**
+	 * Returns true once the resource has been loaded for the first time.
+	 */
+	get ready() {
+		return this.#ready;
+	}
+
+	refresh() {
+		throw new Error('TODO Cannot refresh a resource on the server');
+	}
+
+	/**
+	 * @param {T} value
+	 */
+	set(value) {
+		this.#ready = true;
+		this.#loading = false;
+		this.#error = undefined;
+		this.#current = value;
+		this.#promise = Promise.resolve();
+	}
+}
diff --git a/packages/svelte/src/reactivity/resource.js b/packages/svelte/src/reactivity/resource.js
new file mode 100644
index 0000000000..4d423ec2b0
--- /dev/null
+++ b/packages/svelte/src/reactivity/resource.js
@@ -0,0 +1,172 @@
+/** @import { Source, Derived } from '#client' */
+import { state, derived, set, get, tick } from 'svelte/internal/client';
+import { deferred, noop } from '../internal/shared/utils';
+
+/**
+ * @template T
+ * @implements {Partial<Promise<T>>}
+ */
+export class Resource {
+	#init = false;
+
+	/** @type {() => Promise<T>} */
+	#fn;
+
+	/** @type {Source<boolean>} */
+	#loading = state(true);
+
+	/** @type {Array<(...args: any[]) => void>} */
+	#latest = [];
+
+	/** @type {Source<boolean>} */
+	#ready = state(false);
+
+	/** @type {Source<T | undefined>} */
+	#raw = state(undefined);
+
+	/** @type {Source<Promise<void>>} */
+	#promise;
+
+	/** @type {Derived<T | undefined>} */
+	#current = derived(() => {
+		if (!get(this.#ready)) return undefined;
+		return get(this.#raw);
+	});
+
+	#onrefresh;
+
+	/** {@type Source<any>} */
+	#error = state(undefined);
+
+	/** @type {Derived<Promise<T>['then']>} */
+	// @ts-expect-error - I feel this might actually be incorrect but I can't prove it yet.
+	// we are technically not returning a promise that resolves to the correct type... but it _is_ a promise that resolves at the correct time
+	#then = derived(() => {
+		const p = get(this.#promise);
+
+		return async (resolve, reject) => {
+			try {
+				await p;
+				await tick();
+
+				resolve?.(/** @type {T} */ (get(this.#current)));
+			} catch (error) {
+				reject?.(error);
+			}
+		};
+	});
+
+	/**
+	 * @param {() => Promise<T>} fn
+	 * @param {() => Promise<T>} [init]
+	 * @param {() => void} [onrefresh]
+	 */
+	constructor(fn, init = fn, onrefresh = noop) {
+		this.#fn = fn;
+		this.#promise = state(this.#run(init));
+		this.#onrefresh = onrefresh;
+	}
+
+	/** @param {() => Promise<T>} fn */
+	#run(fn = this.#fn) {
+		if (this.#init) {
+			set(this.#loading, true);
+		} else {
+			this.#init = true;
+		}
+
+		const { resolve, reject, promise } = deferred();
+
+		this.#latest.push(resolve);
+
+		Promise.resolve(fn())
+			.then((value) => {
+				// Skip the response if resource was refreshed with a later promise while we were waiting for this one to resolve
+				const idx = this.#latest.indexOf(resolve);
+				if (idx === -1) return;
+
+				this.#latest.splice(0, idx).forEach((r) => r());
+				set(this.#ready, true);
+				set(this.#loading, false);
+				set(this.#raw, value);
+				set(this.#error, undefined);
+
+				resolve(undefined);
+			})
+			.catch((e) => {
+				const idx = this.#latest.indexOf(resolve);
+				if (idx === -1) return;
+
+				this.#latest.splice(0, idx).forEach((r) => r());
+				set(this.#error, e);
+				set(this.#loading, false);
+				reject(e);
+			});
+
+		return promise;
+	}
+
+	get then() {
+		return get(this.#then);
+	}
+
+	get catch() {
+		get(this.#then);
+		return (/** @type {any} */ reject) => {
+			return get(this.#then)(undefined, reject);
+		};
+	}
+
+	get finally() {
+		get(this.#then);
+		return (/** @type {any} */ fn) => {
+			return get(this.#then)(
+				() => fn(),
+				() => fn()
+			);
+		};
+	}
+
+	get current() {
+		return get(this.#current);
+	}
+
+	get error() {
+		return get(this.#error);
+	}
+
+	/**
+	 * Returns true if the resource is loading or reloading.
+	 */
+	get loading() {
+		return get(this.#loading);
+	}
+
+	/**
+	 * Returns true once the resource has been loaded for the first time.
+	 */
+	get ready() {
+		return get(this.#ready);
+	}
+
+	/**
+	 * @returns {Promise<void>}
+	 */
+	refresh() {
+		this.#onrefresh();
+		const promise = this.#run();
+		set(this.#promise, promise);
+		return promise;
+	}
+
+	/**
+	 * @param {T} value
+	 */
+	set(value) {
+		set(this.#ready, true);
+		set(this.#loading, false);
+		set(this.#error, undefined);
+		set(this.#raw, value);
+		set(this.#promise, Promise.resolve());
+	}
+}
diff --git a/packages/svelte/types/index.d.ts b/packages/svelte/types/index.d.ts
index 6dc6629faa..08875314ea 100644
--- a/packages/svelte/types/index.d.ts
+++ b/packages/svelte/types/index.d.ts
@@ -476,6 +476,8 @@ declare module 'svelte' {
 	 *
 	 * */
 	export function getAllContexts<T extends Map<any, any> = Map<any, any>>(): T;
+
+	export function hydratable<T>(key: string, fn: () => Promise<T>): Promise<T>;
 	/**
 	 * Mounts a component to the given target and returns the exports and potentially the props (if compiled with `accessors: true`) of the component.
 	 * Transitions will play during the initial render unless the `intro` option is set to `false`.
@@ -2390,6 +2392,28 @@ declare module 'svelte/reactivity' {
 	 * @since 5.7.0
 	 */
 	export function createSubscriber(start: (update: () => void) => (() => void) | void): () => void;
+	export class Resource<T> implements Partial<Promise<T>> {
+		
+		constructor(fn: () => Promise<T>, init?: (() => Promise<T>) | undefined);
+		get then(): <TResult1 = T, TResult2 = never>(onfulfilled?: ((value: T) => TResult1 | PromiseLike<TResult1>) | null | undefined, onrejected?: ((reason: any) => TResult2 | PromiseLike<TResult2>) | null | undefined) => Promise<TResult1 | TResult2>;
+		get catch(): (reject: any) => Promise<T>;
+		get finally(): (fn: any) => Promise<any>;
+		get current(): T | undefined;
+		get error(): undefined;
+		/**
+		 * Returns true if the resource is loading or reloading.
+		 */
+		get loading(): boolean;
+		/**
+		 * Returns true once the resource has been loaded for the first time.
+		 */
+		get ready(): boolean;
+		
+		refresh(): Promise<void>;
+		
+		set(value: T): void;
+		#private;
+	}
 	class ReactiveValue<T> {
 		
 		constructor(fn: () => T, onsubscribe: (update: () => void) => void);
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index f585619252..973896f406 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -89,6 +89,9 @@ importers:
       clsx:
         specifier: ^2.1.1
         version: 2.1.1
+      devalue:
+        specifier: ^5.3.2
+        version: 5.3.2
       esm-env:
         specifier: ^1.2.1
         version: 1.2.1
@@ -1236,6 +1239,9 @@ packages:
     engines: {node: '>=0.10'}
     hasBin: true
 
+  devalue@5.3.2:
+    resolution: {integrity: sha512-UDsjUbpQn9kvm68slnrs+mfxwFkIflOhkanmyabZ8zOYk8SMEIbJ3TK+88g70hSIeytu4y18f0z/hYHMTrXIWw==}
+
   dir-glob@3.0.1:
     resolution: {integrity: sha512-WkrWp9GR4KXfKGYzOLmTuGVi1UWFfws377n9cc55/tb6DuqyF6pcQ5AbiHEshaDpY9v6oaSr2XCDidGmMwdzIA==}
     engines: {node: '>=8'}
@@ -3546,6 +3552,8 @@ snapshots:
   detect-libc@1.0.3:
     optional: true
 
+  devalue@5.3.2: {}
+
   dir-glob@3.0.1:
     dependencies:
       path-type: 4.0.0