diff --git a/crates/neon/src/lib.rs b/crates/neon/src/lib.rs
index 959acb7ab..cf5f7f1cd 100644
--- a/crates/neon/src/lib.rs
+++ b/crates/neon/src/lib.rs
@@ -105,12 +105,21 @@ pub use neon_macros::*;
 #[cfg(feature = "napi-6")]
 mod lifecycle;
 
+#[cfg(feature = "napi-8")]
+#[repr(u64)]
+// Note: `upper` must be non-zero or `napi_check_object_type_tag` will always return false
+// https://github.com/nodejs/node/blob/5fad0b93667ffc6e4def52996b9529ac99b26319/src/js_native_api_v8.cc#L2455
+pub(crate) enum UpperTypeTag {
+    Module = 1,
+    Tsfn = 2,
+}
+
 #[cfg(feature = "napi-8")]
 static MODULE_TAG: once_cell::sync::Lazy<crate::sys::TypeTag> = once_cell::sync::Lazy::new(|| {
     let mut lower = [0; std::mem::size_of::<u64>()];
 
     // Generating a random module tag at runtime allows Neon builds to be reproducible. A few
-    //  alternativeswere considered:
+    //  alternatives were considered:
     // * Generating a random value at build time; this reduces runtime dependencies but, breaks
     //   reproducible builds
     // * A static random value; this solves the previous issues, but does not protect against ABI
@@ -123,7 +132,8 @@ static MODULE_TAG: once_cell::sync::Lazy<crate::sys::TypeTag> = once_cell::sync:
     // expansion of implementation.
     let lower = u64::from_ne_bytes(lower);
 
-    // Note: `upper` must be non-zero or `napi_check_object_type_tag` will always return false
-    // https://github.com/nodejs/node/blob/5fad0b93667ffc6e4def52996b9529ac99b26319/src/js_native_api_v8.cc#L2455
-    crate::sys::TypeTag { lower, upper: 1 }
+    crate::sys::TypeTag {
+        lower,
+        upper: UpperTypeTag::Module as u64,
+    }
 });
diff --git a/crates/neon/src/sys/bindings/functions.rs b/crates/neon/src/sys/bindings/functions.rs
index dc03b5271..bf5548cd5 100644
--- a/crates/neon/src/sys/bindings/functions.rs
+++ b/crates/neon/src/sys/bindings/functions.rs
@@ -253,6 +253,17 @@ mod napi1 {
                 message: *const c_char,
                 message_len: usize,
             );
+
+            fn wrap(
+                env: Env,
+                js_object: Value,
+                native_object: *mut c_void,
+                finalize_cb: Finalize,
+                finalize_hint: *mut c_void,
+                result: *mut Ref,
+            ) -> Status;
+
+            fn unwrap(env: Env, js_object: Value, result: *mut *mut c_void) -> Status;
         }
     );
 }
diff --git a/crates/neon/src/sys/tsfn.rs b/crates/neon/src/sys/tsfn.rs
index b58b45469..416a40fae 100644
--- a/crates/neon/src/sys/tsfn.rs
+++ b/crates/neon/src/sys/tsfn.rs
@@ -15,6 +15,14 @@ const BOUNDARY: FailureBoundary = FailureBoundary {
     panic: "A panic occurred while executing a `neon::event::Channel::send` callback",
 };
 
+#[cfg(feature = "napi-8")]
+// Identifies state stored in the async resource of a threadsafe function
+static TSFN_TAG: once_cell::sync::Lazy<crate::sys::TypeTag> = once_cell::sync::Lazy::new(|| {
+    let mut tag = *crate::MODULE_TAG;
+    tag.upper = crate::UpperTypeTag::Tsfn as u64;
+    tag
+});
+
 #[derive(Debug)]
 struct Tsfn(napi::ThreadsafeFunction);
 
@@ -27,10 +35,16 @@ unsafe impl Sync for Tsfn {}
 /// function for scheduling tasks to execute on a JavaScript thread.
 pub struct ThreadsafeFunction<T> {
     tsfn: Tsfn,
-    is_finalized: Arc<Mutex<bool>>,
+    state: Arc<Mutex<State>>,
     callback: fn(Option<Env>, T),
 }
 
+#[derive(Debug)]
+struct State {
+    is_finalized: bool,
+    has_ref: bool,
+}
+
 #[derive(Debug)]
 struct Callback<T> {
     callback: fn(Option<Env>, T),
@@ -40,6 +54,136 @@ struct Callback<T> {
 /// Error returned when scheduling a threadsafe function with some data
 pub struct CallError;
 
+unsafe extern "C" fn get_ref_callback(env: Env, info: napi::CallbackInfo) -> napi::Value {
+    let complete = |result| {
+        let mut out = MaybeUninit::uninit();
+        assert_eq!(
+            napi::get_boolean(env, result, out.as_mut_ptr()),
+            napi::Status::Ok
+        );
+        out.assume_init()
+    };
+
+    // If we hit _any_ failure condition, assume the threadsafe function is referenced
+    let bail = || complete(true);
+    let mut this = MaybeUninit::uninit();
+
+    if napi::get_cb_info(
+        env,
+        info,
+        ptr::null_mut(),
+        ptr::null_mut(),
+        this.as_mut_ptr(),
+        ptr::null_mut(),
+    ) != napi::Status::Ok
+    {
+        return bail();
+    }
+
+    let this = this.assume_init();
+
+    #[cfg(feature = "napi-8")]
+    {
+        let mut result = false;
+
+        if napi::check_object_type_tag(env, this, &*TSFN_TAG as *const _, &mut result as *mut _)
+            != napi::Status::Ok
+            || !result
+        {
+            return bail();
+        }
+    }
+
+    let mut state = MaybeUninit::uninit();
+
+    if napi::unwrap(env, this, state.as_mut_ptr()) != napi::Status::Ok {
+        return bail();
+    }
+
+    let state = &*state.assume_init().cast::<Mutex<State>>();
+    let is_ref = state.lock().map(|state| state.has_ref).unwrap_or(true);
+
+    complete(is_ref)
+}
+
+unsafe extern "C" fn drop_state(_env: Env, data: *mut c_void, _hint: *mut c_void) {
+    drop(Arc::<Mutex<State>>::from_raw(data.cast()))
+}
+
+unsafe fn create_async_resource(env: Env, state: Arc<Mutex<State>>) -> napi::Value {
+    let get_ref_fn_name = "hasRef";
+
+    let get_ref_fn = {
+        let mut get_ref_fn = MaybeUninit::uninit();
+
+        assert_eq!(
+            napi::create_function(
+                env,
+                get_ref_fn_name.as_ptr().cast(),
+                get_ref_fn_name.len(),
+                Some(get_ref_callback),
+                ptr::null_mut(),
+                get_ref_fn.as_mut_ptr(),
+            ),
+            napi::Status::Ok,
+        );
+
+        get_ref_fn.assume_init()
+    };
+
+    let resource = {
+        let mut resource = MaybeUninit::uninit();
+
+        assert_eq!(
+            napi::create_object(env, resource.as_mut_ptr()),
+            napi::Status::Ok
+        );
+
+        resource.assume_init()
+    };
+
+    let get_ref_key = {
+        let mut key = MaybeUninit::uninit();
+
+        assert_eq!(
+            napi::create_string_utf8(
+                env,
+                get_ref_fn_name.as_ptr().cast(),
+                get_ref_fn_name.len(),
+                key.as_mut_ptr()
+            ),
+            napi::Status::Ok
+        );
+
+        key.assume_init()
+    };
+
+    assert_eq!(
+        napi::set_property(env, resource, get_ref_key, get_ref_fn),
+        napi::Status::Ok
+    );
+
+    assert_eq!(
+        napi::wrap(
+            env,
+            resource,
+            Arc::into_raw(state) as *mut _,
+            Some(drop_state),
+            ptr::null_mut(),
+            ptr::null_mut(),
+        ),
+        napi::Status::Ok
+    );
+
+    #[cfg(feature = "napi-8")]
+    assert_eq!(
+        napi::type_tag_object(env, resource, &*TSFN_TAG),
+        napi::Status::Ok
+    );
+
+    resource
+}
+
 impl<T: Send + 'static> ThreadsafeFunction<T> {
     /// Creates a new unbounded N-API Threadsafe Function
     /// Safety: `Env` must be valid for the current thread
@@ -55,19 +199,22 @@ impl<T: Send + 'static> ThreadsafeFunction<T> {
         callback: fn(Option<Env>, T),
     ) -> Self {
         let mut result = MaybeUninit::uninit();
-        let is_finalized = Arc::new(Mutex::new(false));
+        let state = Arc::new(Mutex::new(State {
+            is_finalized: false,
+            has_ref: true,
+        }));
 
         assert_eq!(
             napi::create_threadsafe_function(
                 env,
-                std::ptr::null_mut(),
-                std::ptr::null_mut(),
+                ptr::null_mut(),
+                create_async_resource(env, state.clone()),
                 super::string(env, "neon threadsafe function"),
                 max_queue_size,
                 // Always set the reference count to 1. Prefer using
                 // Rust `Arc` to maintain the struct.
                 1,
-                Arc::into_raw(is_finalized.clone()) as *mut _,
+                Arc::into_raw(state.clone()) as *mut _,
                 Some(Self::finalize),
                 std::ptr::null_mut(),
                 Some(Self::callback),
@@ -78,7 +225,7 @@ impl<T: Send + 'static> ThreadsafeFunction<T> {
 
         Self {
             tsfn: Tsfn(result.assume_init()),
-            is_finalized,
+            state,
             callback,
         }
     }
@@ -98,10 +245,10 @@ impl<T: Send + 'static> ThreadsafeFunction<T> {
 
         // Hold the lock before entering `call_threadsafe_function` so that
         // `finalize_cb` would never complete.
-        let mut is_finalized = self.is_finalized.lock().unwrap();
+        let mut state = self.state.lock().unwrap();
 
         let status = {
-            if *is_finalized {
+            if state.is_finalized {
                 napi::Status::Closing
             } else {
                 unsafe {
@@ -115,7 +262,7 @@ impl<T: Send + 'static> ThreadsafeFunction<T> {
         } else {
             // Prevent further calls to `call_threadsafe_function`
             if status == napi::Status::Closing {
-                *is_finalized = true;
+                state.is_finalized = true;
             }
 
             // If the call failed, the callback won't execute
@@ -128,27 +275,31 @@ impl<T: Send + 'static> ThreadsafeFunction<T> {
     /// References a threadsafe function to prevent exiting the event loop until it has been dropped. (Default)
     /// Safety: `Env` must be valid for the current thread
     pub unsafe fn reference(&self, env: Env) {
+        let mut state = self.state.lock().unwrap();
         assert_eq!(
             napi::ref_threadsafe_function(env, self.tsfn.0),
             napi::Status::Ok,
         );
+        state.has_ref = true;
     }
 
     /// Unreferences a threadsafe function to allow exiting the event loop before it has been dropped.
     /// Safety: `Env` must be valid for the current thread
     pub unsafe fn unref(&self, env: Env) {
+        let mut state = self.state.lock().unwrap();
         assert_eq!(
             napi::unref_threadsafe_function(env, self.tsfn.0),
             napi::Status::Ok,
         );
+        state.has_ref = false;
     }
 
     // Provides a C ABI wrapper for a napi callback notifying us about tsfn
     // being finalized.
     unsafe extern "C" fn finalize(_env: Env, data: *mut c_void, _hint: *mut c_void) {
-        let is_finalized = Arc::from_raw(data as *mut Mutex<bool>);
+        let state = Arc::from_raw(data as *mut Mutex<State>);
 
-        *is_finalized.lock().unwrap() = true;
+        state.lock().unwrap().is_finalized = true;
     }
 
     // Provides a C ABI wrapper for invoking the user supplied function pointer
@@ -179,10 +330,10 @@ impl<T: Send + 'static> ThreadsafeFunction<T> {
 
 impl<T> Drop for ThreadsafeFunction<T> {
     fn drop(&mut self) {
-        let is_finalized = self.is_finalized.lock().unwrap();
+        let state = self.state.lock().unwrap();
 
         // tsfn was already finalized by `Environment::CleanupHandles()` in Node.js
-        if *is_finalized {
+        if state.is_finalized {
             return;
         }