diff --git a/doc/api/stream.md b/doc/api/stream.md
index cc18b643b7158e..10b02e2ea1d5ef 100644
--- a/doc/api/stream.md
+++ b/doc/api/stream.md
@@ -45,8 +45,8 @@ There are four fundamental stream types within Node.js:
   is written and read (for example, [`zlib.createDeflate()`][]).
 
 Additionally, this module includes the utility functions
-[`stream.pipeline()`][], [`stream.finished()`][], [`stream.Readable.from()`][]
-and [`stream.addAbortSignal()`][].
+[`stream.pipeline()`][], [`stream.finished()`][], [`stream.Readable.from()`][],
+[`stream.addAbortSignal()`][] and [`stream.Transform.by()`][].
 
 ### Streams Promises API
 <!-- YAML
@@ -1889,7 +1889,51 @@ const stream = addAbortSignal(
   }
 })();
 ```
-## API for stream implementers
+
+### `stream.Transform.by(asyncGeneratorFunction[, options])`
+<!-- YAML
+added: REPLACEME
+-->
+
+* `asyncGeneratorFunction` {AsyncGeneratorFunction} A mapping function which
+accepts a `source` async iterable which can be used to read incoming data, while
+transformed data is pushed to the stream with the `yield` keyword.
+* `options` {Object} Options provided to `new stream.Transform([options])`.
+By default, `Transform.by()` will set `options.objectMode` to `true`,
+unless this is explicitly opted out by setting `options.objectMode` to `false`.
+* Returns: {stream.Transform}
+
+A utility method for creating Transform Streams with async generator functions.
+The async generator is supplied a single argument, `source`, which is used to
+read incoming chunks.
+
+Yielded values become the data chunks emitted from the stream.
+
+```js
+const { Readable, Transform } = require('stream');
+
+const readable = Readable.from(['hello', 'streams']);
+async function * mapper(source) {
+  for await (const chunk of source) {
+    // If objectMode was set to false, the buffer would have to be converted
+    // to a string here but since it is true by default for both Readable.from()
+    // and Transform.by() each chunk is already a string.
+    yield chunk.toUpperCase();
+  }
+}
+const transform = Transform.by(mapper);
+readable.pipe(transform);
+transform.on('data', (chunk) => {
+  console.log(chunk);
+});
+```
+
+The `source` parameter has an `encoding` property which represents the encoding
+of the `WriteableStream` side of the transform. This is the same `encoding`
+value that would be passed as the second parameter to the `transform()` function
+option (or `_transform()` method) supplied to `stream.Transform`.
+
+## API for Stream Implementers
 
 <!--type=misc-->
 
@@ -1928,7 +1972,7 @@ on the type of stream being created, as detailed in the chart below:
 | Reading only | [`Readable`][] | [`_read()`][stream-_read] |
 | Writing only | [`Writable`][] | [`_write()`][stream-_write], [`_writev()`][stream-_writev], [`_final()`][stream-_final] |
 | Reading and writing | [`Duplex`][] | [`_read()`][stream-_read], [`_write()`][stream-_write], [`_writev()`][stream-_writev], [`_final()`][stream-_final] |
-| Operate on written data, then read the result | [`Transform`][] | [`_transform()`][stream-_transform], [`_flush()`][stream-_flush], [`_final()`][stream-_final] |
+| Operate on written data, then read the result | [`Transform`][] | [`_transform()`][], [`_flush()`][stream-_flush], [`_final()`][stream-_final] |
 
 The implementation code for a stream should *never* call the "public" methods
 of a stream that are intended for use by consumers (as described in the
@@ -3095,6 +3139,35 @@ readable.on('data', (chunk) => {
 });
 ```
 
+#### Creating transform streams with async generator functions
+
+We can construct a Node.js transform stream with an asynchronous
+generator function using the `Transform.by()` utility method.
+
+```js
+const { Readable, Transform } = require('stream');
+
+async function * toUpperCase(source) {
+  for await (const chunk of source) {
+    yield chunk.toUpperCase();
+  }
+}
+const transform = Transform.by(toUpperCase);
+
+async function * generate() {
+  yield 'a';
+  yield 'b';
+  yield 'c';
+}
+
+const readable = Readable.from(generate());
+
+readable.pipe(transform);
+transform.on('data', (chunk) => {
+  console.log(chunk);
+});
+```
+
 #### Piping to writable streams from async iterators
 
 When writing to a writable stream from an async iterator, ensure correct
@@ -3259,6 +3332,7 @@ contain multi-byte characters.
 [`readable.push('')`]: #stream_readable_push
 [`readable.setEncoding()`]: #stream_readable_setencoding_encoding
 [`stream.Readable.from()`]: #stream_stream_readable_from_iterable_options
+[`stream.Transform.by()`]: #stream_stream_transform_by_asyncgeneratorfunction_options
 [`stream.cork()`]: #stream_writable_cork
 [`stream.finished()`]: #stream_stream_finished_stream_options_callback
 [`stream.pipe()`]: #stream_readable_pipe_destination_options
diff --git a/lib/internal/streams/transform.js b/lib/internal/streams/transform.js
index 26e0b07c2956c8..b262d9a29e0052 100644
--- a/lib/internal/streams/transform.js
+++ b/lib/internal/streams/transform.js
@@ -73,6 +73,8 @@ const {
   ERR_METHOD_NOT_IMPLEMENTED
 } = require('internal/errors').codes;
 const Duplex = require('internal/streams/duplex');
+const from = require('internal/streams/from');
+const { createDeferredPromise } = require('internal/util');
 ObjectSetPrototypeOf(Transform.prototype, Duplex.prototype);
 ObjectSetPrototypeOf(Transform, Duplex);
 
@@ -244,3 +246,25 @@ Transform.prototype._read = function() {
     callback();
   }
 };
+
+Transform.by = function by(asyncGeneratorFn, options) {
+  let { promise, resolve } = createDeferredPromise();
+  const asyncGenerator = async function*() {
+    while (true) {
+      const { chunk, done, encoding, cb } = await promise;
+      process.nextTick(cb);
+      if (done) return;
+      yield { chunk, encoding };
+      ({ promise, resolve } = createDeferredPromise());
+    }
+  }();
+  return from(Duplex, asyncGeneratorFn(asyncGenerator), {
+    objectMode: true,
+    autoDestroy: true,
+    ...options,
+    write: (chunk, encoding, cb) => {
+      resolve({ chunk, done: false, encoding, cb });
+    },
+    final: (cb) => resolve({ done: true, cb })
+  });
+};
diff --git a/test/parallel/test-stream-readable-async-iterators.js b/test/parallel/test-stream-readable-async-iterators.js
index 7c457fdc3da24b..e92e515fac65bd 100644
--- a/test/parallel/test-stream-readable-async-iterators.js
+++ b/test/parallel/test-stream-readable-async-iterators.js
@@ -497,6 +497,30 @@ async function tests() {
     mustReach[1]();
   }
 
+  {
+    console.log('readable side of a transform stream pushes null');
+    const transform = new Transform({
+      objectMode: true,
+      transform: (chunk, enc, cb) => { cb(null, chunk); }
+    });
+    transform.push(0);
+    transform.push(1);
+    process.nextTick(() => {
+      transform.push(null);
+    });
+
+    const mustReach = [ common.mustCall(), common.mustCall() ];
+
+    const iter = transform[Symbol.asyncIterator]();
+    assert.strictEqual((await iter.next()).value, 0);
+
+    for await (const d of iter) {
+      assert.strictEqual(d, 1);
+      mustReach[0]();
+    }
+    mustReach[1]();
+  }
+
   {
     console.log('all next promises must be resolved on end');
     const r = new Readable({
diff --git a/test/parallel/test-stream-transform-by.js b/test/parallel/test-stream-transform-by.js
new file mode 100644
index 00000000000000..2affdff759723f
--- /dev/null
+++ b/test/parallel/test-stream-transform-by.js
@@ -0,0 +1,249 @@
+'use strict';
+const { mustCall } = require('../common');
+const { once } = require('events');
+const { Readable, Transform } = require('stream');
+const { strictEqual } = require('assert');
+
+async function transformBy() {
+  const readable = Readable.from('test'.split(''));
+  async function * mapper(source) {
+    for await (const { chunk } of source) {
+      yield chunk.toUpperCase();
+    }
+  }
+
+  const stream = Transform.by(mapper);
+  readable.pipe(stream);
+  const expected = ['T', 'E', 'S', 'T'];
+  for await (const chunk of stream) {
+    strictEqual(chunk, expected.shift());
+  }
+}
+
+async function transformByFuncReturnsObjectWithSymbolAsyncIterator() {
+  const readable = Readable.from('test'.split(''));
+  const mapper = (source) => ({
+    [Symbol.asyncIterator]() {
+      return {
+        async next() {
+          const { done, value } = await source.next();
+          return { done, value: value ? value.chunk.toUpperCase() : value };
+        }
+      };
+    }
+  });
+
+  const stream = Transform.by(mapper);
+  readable.pipe(stream);
+  const expected = ['T', 'E', 'S', 'T'];
+  for await (const chunk of stream) {
+    strictEqual(chunk, expected.shift());
+  }
+}
+
+async function transformByEncoding() {
+  const readable = Readable.from('test'.split(''));
+  async function * mapper(source) {
+    for await (const { chunk, encoding } of source) {
+      strictEqual(encoding, 'ascii');
+      yield chunk.toUpperCase();
+    }
+  }
+  const stream = Transform.by(mapper);
+  stream.setDefaultEncoding('ascii');
+  readable.pipe(stream);
+
+  const expected = ['T', 'E', 'S', 'T'];
+  for await (const chunk of stream) {
+    strictEqual(chunk, expected.shift());
+  }
+}
+
+async function transformBySourceIteratorCompletes() {
+  const readable = Readable.from('test'.split(''));
+  const mustReach = mustCall();
+  async function * mapper(source) {
+    for await (const { chunk } of source) {
+      yield chunk.toUpperCase();
+    }
+    mustReach();
+  }
+
+  const stream = Transform.by(mapper);
+  readable.pipe(stream);
+  const expected = ['T', 'E', 'S', 'T'];
+  for await (const chunk of stream) {
+    strictEqual(chunk, expected.shift());
+  }
+}
+
+async function transformByYieldPlusReturn() {
+  const readable = Readable.from('test'.split(''));
+  async function * mapper(source) {
+    for await (const { chunk } of source) {
+      yield chunk.toUpperCase();
+    }
+    return 'final chunk';
+  }
+
+  const stream = Transform.by(mapper);
+  readable.pipe(stream);
+  const expected = ['T', 'E', 'S', 'T', 'final chunk'];
+  for await (const chunk of stream) {
+    strictEqual(chunk, expected.shift());
+  }
+}
+
+async function transformByReturnEndsStream() {
+  const readable = Readable.from('test'.split(''));
+  async function * mapper(source) {
+    for await (const { chunk } of source) {
+      yield chunk.toUpperCase();
+      return 'stop';
+    }
+  }
+
+  const stream = Transform.by(mapper);
+  readable.pipe(stream);
+  const expected = ['T', 'stop'];
+  const mustReach = mustCall();
+  for await (const chunk of stream) {
+    strictEqual(chunk, expected.shift());
+  }
+  mustReach();
+}
+
+async function transformByOnData() {
+  const readable = Readable.from('test'.split(''));
+  async function * mapper(source) {
+    for await (const { chunk } of source) {
+      yield chunk.toUpperCase();
+    }
+  }
+
+  const stream = Transform.by(mapper);
+  readable.pipe(stream);
+  const expected = ['T', 'E', 'S', 'T'];
+  let iterations = 0;
+  stream.on('data', (chunk) => {
+    iterations++;
+    strictEqual(chunk, expected.shift());
+  });
+
+  await once(stream, 'end');
+  strictEqual(iterations, 4);
+}
+
+async function transformByOnDataNonObject() {
+  const readable = Readable.from('test'.split(''), { objectMode: false });
+  async function * mapper(source) {
+    for await (const { chunk } of source) {
+      yield chunk.toString().toUpperCase();
+    }
+  }
+  const stream = Transform.by(mapper, { objectMode: false });
+  readable.pipe(stream);
+  const expected = ['T', 'E', 'S', 'T'];
+  let iterations = 0;
+  stream.on('data', (chunk) => {
+    iterations++;
+    strictEqual(chunk instanceof Buffer, true);
+    strictEqual(chunk.toString(), expected.shift());
+  });
+
+  await once(stream, 'end');
+  strictEqual(iterations, 4);
+}
+
+async function transformByOnErrorAndDestroyed() {
+  const stream = Readable.from('test'.split('')).pipe(Transform.by(
+    async function * mapper(source) {
+      for await (const { chunk } of source) {
+        if (chunk === 'e') throw new Error('kaboom');
+        yield chunk.toUpperCase();
+      }
+    }
+  ));
+  stream.on('data', (chunk) => {
+    strictEqual(chunk.toString(), 'T');
+  });
+  strictEqual(stream.destroyed, false);
+  const [ err ] = await once(stream, 'error');
+  strictEqual(err.message, 'kaboom');
+  strictEqual(stream.destroyed, true);
+}
+
+async function transformByErrorTryCatchAndDestroyed() {
+  const stream = Readable.from('test'.split('')).pipe(Transform.by(
+    async function * mapper(source) {
+      for await (const { chunk } of source) {
+        if (chunk === 'e') throw new Error('kaboom');
+        yield chunk.toUpperCase();
+      }
+    }
+  ));
+  strictEqual(stream.destroyed, false);
+  try {
+    for await (const chunk of stream) {
+      strictEqual(chunk.toString(), 'T');
+    }
+  } catch (err) {
+    strictEqual(err.message, 'kaboom');
+    strictEqual(stream.destroyed, true);
+  }
+}
+
+async function transformByOnErrorAndTryCatchAndDestroyed() {
+  const stream = Readable.from('test'.split('')).pipe(Transform.by(
+    async function * mapper(source) {
+      for await (const { chunk } of source) {
+        if (chunk === 'e') throw new Error('kaboom');
+        yield chunk.toUpperCase();
+      }
+    }
+  ));
+  strictEqual(stream.destroyed, false);
+  stream.once('error', mustCall((err) => {
+    strictEqual(err.message, 'kaboom');
+  }));
+  try {
+    for await (const chunk of stream) {
+      strictEqual(chunk.toString(), 'T');
+    }
+  } catch (err) {
+    strictEqual(err.message, 'kaboom');
+    strictEqual(stream.destroyed, true);
+  }
+}
+
+async function transformByThrowPriorToForAwait() {
+  async function * generate() {
+    yield 'a';
+    yield 'b';
+    yield 'c';
+  }
+  const read = Readable.from(generate());
+  const stream = Transform.by(async function * transformA(source) {
+    throw new Error('kaboom');
+  });
+  stream.on('error', mustCall((err) => {
+    strictEqual(err.message, 'kaboom');
+  }));
+
+  read.pipe(stream);
+}
+
+Promise.all([
+  transformBy(),
+  transformByFuncReturnsObjectWithSymbolAsyncIterator(),
+  transformByEncoding(),
+  transformBySourceIteratorCompletes(),
+  transformByYieldPlusReturn(),
+  transformByReturnEndsStream(),
+  transformByOnData(),
+  transformByOnDataNonObject(),
+  transformByOnErrorAndDestroyed(),
+  transformByErrorTryCatchAndDestroyed(),
+  transformByOnErrorAndTryCatchAndDestroyed(),
+  transformByThrowPriorToForAwait(),
+]).then(mustCall());
diff --git a/tools/doc/type-parser.js b/tools/doc/type-parser.js
index 4fd91f4b478149..3e8ba274368d20 100644
--- a/tools/doc/type-parser.js
+++ b/tools/doc/type-parser.js
@@ -32,6 +32,8 @@ const customTypesMap = {
   'ArrayBufferView':
     'https://developer.mozilla.org/en-US/docs/Web/API/ArrayBufferView',
 
+  'AsyncGeneratorFunction': 'https://tc39.es/ecma262/#sec-async-generator-function-definitions',
+
   'AsyncIterator': 'https://tc39.github.io/ecma262/#sec-asynciterator-interface',
 
   'AsyncIterable': 'https://tc39.github.io/ecma262/#sec-asynciterable-interface',