diff --git a/Cargo.toml b/Cargo.toml
index 3b62542..7508614 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -16,6 +16,13 @@ Timeouts for futures.
 gloo-timers = { version = "0.4.0", features = ["futures"], optional = true }
 send_wrapper = { version = "0.6.0", optional = true }
 
+# WASI Preview 2 backend: a `wasi:clocks` timer driven by the `wstd` reactor.
+# Pulled in only for `wasm32-wasip2`, where the default thread-based backend
+# cannot run (the component model is single-threaded).
+[target.'cfg(all(target_arch = "wasm32", target_os = "wasi", target_env = "p2"))'.dependencies]
+wstd = "0.6"
+wasip2 = "1.0"
+
 [dev-dependencies]
 async-std = { version = "1.13", features = ["attributes"] }
 futures = "0.3.1"
diff --git a/src/lib.rs b/src/lib.rs
index 865f5d3..62d660a 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -16,12 +16,37 @@
 #![deny(missing_docs)]
 #![warn(missing_debug_implementations)]
 
-#[cfg(not(all(target_arch = "wasm32", feature = "wasm-bindgen")))]
-mod native;
-#[cfg(all(target_arch = "wasm32", feature = "wasm-bindgen"))]
+// On `wasm32-wasip2` the thread-based `native` backend cannot run (the WASI
+// component model is single-threaded), so use a `wasi:clocks`-backed timer.
+// `target_env = "p2"` selects WASI Preview 2 specifically, leaving `wasip1`
+// (and any future preview) on the `native` backend.
+#[cfg(all(target_arch = "wasm32", target_os = "wasi", target_env = "p2"))]
+mod wasip2;
+#[cfg(all(target_arch = "wasm32", target_os = "wasi", target_env = "p2"))]
+pub use self::wasip2::Delay;
+
+// Browser wasm with the `wasm-bindgen` feature: `setTimeout` via gloo-timers.
+#[cfg(all(
+    target_arch = "wasm32",
+    feature = "wasm-bindgen",
+    not(all(target_os = "wasi", target_env = "p2"))
+))]
 mod wasm;
+#[cfg(all(
+    target_arch = "wasm32",
+    feature = "wasm-bindgen",
+    not(all(target_os = "wasi", target_env = "p2"))
+))]
+pub use self::wasm::Delay;
 
-#[cfg(not(all(target_arch = "wasm32", feature = "wasm-bindgen")))]
+// All other targets: the thread-backed timer wheel.
+#[cfg(not(any(
+    all(target_arch = "wasm32", target_os = "wasi", target_env = "p2"),
+    all(target_arch = "wasm32", feature = "wasm-bindgen")
+)))]
+mod native;
+#[cfg(not(any(
+    all(target_arch = "wasm32", target_os = "wasi", target_env = "p2"),
+    all(target_arch = "wasm32", feature = "wasm-bindgen")
+)))]
 pub use self::native::Delay;
-#[cfg(all(target_arch = "wasm32", feature = "wasm-bindgen"))]
-pub use self::wasm::Delay;
diff --git a/src/wasip2.rs b/src/wasip2.rs
new file mode 100644
index 0000000..99706cc
--- /dev/null
+++ b/src/wasip2.rs
@@ -0,0 +1,66 @@
+//! A version of `Delay` that works on `wasm32-wasip2`.
+//!
+//! The default `native` backend relies on a background timer thread, which the
+//! WASI Preview 2 component model cannot spawn (it is single-threaded). This
+//! backend instead arms a `wasi:clocks/monotonic-clock` timer and awaits the
+//! resulting pollable through the [`wstd`] reactor, so it integrates with any
+//! executor built on `wstd::runtime` (e.g. `#[wstd::main]` / `wstd::runtime::block_on`).
+
+use std::fmt;
+use std::future::Future;
+use std::pin::Pin;
+use std::task::{Context, Poll};
+use std::time::Duration;
+
+use wstd::runtime::{AsyncPollable, WaitFor};
+
+/// A future which will fire at `dur` time into the future, backed by
+/// `wasi:clocks/monotonic-clock` and driven by the `wstd` reactor.
+pub struct Delay {
+    wait_for: WaitFor,
+}
+
+// SAFETY: `wasm32-wasip2` is single-threaded; the underlying WASI pollable
+// handle is a plain integer that is trivially safe to move across the
+// non-existent thread boundary. `Delay` must be `Send + Sync` to match the
+// other backends' API.
+unsafe impl Send for Delay {}
+unsafe impl Sync for Delay {}
+
+impl Delay {
+    /// Creates a new future which will fire at `dur` time into the future.
+    ///
+    /// Must be polled from within a `wstd::runtime` executor context.
+    pub fn new(dur: Duration) -> Delay {
+        Delay {
+            wait_for: arm(dur),
+        }
+    }
+
+    /// Resets the timeout to fire `dur` time into the future.
+    pub fn reset(&mut self, dur: Duration) {
+        self.wait_for = arm(dur);
+    }
+}
+
+/// Arm a monotonic-clock timer for `dur` and wrap it as an awaitable pollable.
+fn arm(dur: Duration) -> WaitFor {
+    let ns = dur.as_nanos().min(u64::MAX as u128) as u64;
+    let pollable = wasip2::clocks::monotonic_clock::subscribe_duration(ns);
+    AsyncPollable::new(pollable).wait_for()
+}
+
+impl Future for Delay {
+    type Output = ();
+
+    fn poll(self: Pin<&mut Self>, cx: &mut Context<'_>) -> Poll<Self::Output> {
+        // `WaitFor` is `Unpin`, so projecting through `get_mut` is sound.
+        Pin::new(&mut self.get_mut().wait_for).poll(cx)
+    }
+}
+
+impl fmt::Debug for Delay {
+    fn fmt(&self, f: &mut fmt::Formatter<'_>) -> fmt::Result {
+        f.debug_struct("Delay").finish()
+    }
+}