diff --git a/drivers/timer/CMakeLists.txt b/drivers/timer/CMakeLists.txt
index 10edb91416..c44acda2ae 100644
--- a/drivers/timer/CMakeLists.txt
+++ b/drivers/timer/CMakeLists.txt
@@ -33,3 +33,4 @@ zephyr_library_sources_ifdef(CONFIG_SAM0_RTC_TIMER sam0_rtc_timer.c)
 zephyr_library_sources_ifdef(CONFIG_STM32_LPTIM_TIMER stm32_lptim_timer.c)
 zephyr_library_sources_ifdef(CONFIG_XLNX_PSTTC_TIMER xlnx_psttc_timer.c)
 zephyr_library_sources_ifdef(CONFIG_XTENSA_TIMER xtensa_sys_timer.c)
+zephyr_library_sources_ifdef(CONFIG_SMARTBOND_TIMER smartbond_timer.c)
diff --git a/drivers/timer/Kconfig b/drivers/timer/Kconfig
index 317efd71d8..2ddfe321e7 100644
--- a/drivers/timer/Kconfig
+++ b/drivers/timer/Kconfig
@@ -90,6 +90,7 @@ source "drivers/timer/Kconfig.rcar_cmt"
 source "drivers/timer/Kconfig.riscv_machine"
 source "drivers/timer/Kconfig.rv32m1_lptmr"
 source "drivers/timer/Kconfig.sam0_rtc"
+source "drivers/timer/Kconfig.smartbond"
 source "drivers/timer/Kconfig.stm32_lptim"
 source "drivers/timer/Kconfig.xlnx_psttc"
 source "drivers/timer/Kconfig.xtensa"
diff --git a/drivers/timer/Kconfig.smartbond b/drivers/timer/Kconfig.smartbond
new file mode 100644
index 0000000000..2b5cb3c32e
--- /dev/null
+++ b/drivers/timer/Kconfig.smartbond
@@ -0,0 +1,13 @@
+# Copyright (c) 2023 Renesas Electronics Corporation
+# SPDX-License-Identifier: Apache-2.0
+
+config SMARTBOND_TIMER
+	bool "Renesas SmartBond(tm) timer"
+	default y
+	depends on SOC_FAMILY_RENESAS_SMARTBOND
+	depends on CLOCK_CONTROL
+	depends on !$(dt_nodelabel_enabled,timer2)
+	select TICKLESS_CAPABLE
+	help
+	  This module implements a kernel device driver for the TIMER2 timer
+	  and provides the standard "system clock driver" interfaces.
diff --git a/drivers/timer/smartbond_timer.c b/drivers/timer/smartbond_timer.c
new file mode 100644
index 0000000000..34c9a7d721
--- /dev/null
+++ b/drivers/timer/smartbond_timer.c
@@ -0,0 +1,161 @@
+/*
+ * Copyright (c) 2023 Renesas Electronics Corporation
+ *
+ * SPDX-License-Identifier: Apache-2.0
+ */
+
+#include <zephyr/device.h>
+#include <zephyr/drivers/timer/system_timer.h>
+#include <zephyr/sys_clock.h>
+#include <zephyr/spinlock.h>
+#include <cmsis_core.h>
+#include <zephyr/irq.h>
+#include <da1469x_pdc.h>
+
+#define COUNTER_SPAN BIT(24)
+#define CYC_PER_TICK k_ticks_to_cyc_ceil32(1)
+#define TICK_TO_CYC(tick) k_ticks_to_cyc_ceil32(tick)
+#define CYC_TO_TICK(cyc) k_cyc_to_ticks_ceil32(cyc)
+#define MAX_TICKS (((COUNTER_SPAN / 2) - CYC_PER_TICK) / (CYC_PER_TICK))
+
+static uint32_t last_timer_val_reg;
+static uint32_t timer_val_31_24;
+
+static uint32_t last_isr_val;
+static uint32_t last_isr_val_rounded;
+static uint32_t announced_ticks;
+
+static void set_reload(uint32_t val)
+{
+	TIMER2->TIMER2_RELOAD_REG = val & TIMER2_TIMER2_RELOAD_REG_TIM_RELOAD_Msk;
+}
+
+static uint32_t timer_val_32(void)
+{
+	uint32_t timer_val_reg;
+	uint32_t val;
+
+	timer_val_reg = TIMER2->TIMER2_TIMER_VAL_REG &
+		TIMER2_TIMER2_TIMER_VAL_REG_TIM_TIMER_VALUE_Msk;
+	if (timer_val_reg < last_timer_val_reg) {
+		timer_val_31_24 += COUNTER_SPAN;
+	}
+	last_timer_val_reg = timer_val_reg;
+
+	val = timer_val_31_24 + timer_val_reg;
+
+	return val;
+}
+
+static uint32_t timer_val_32_noupdate(void)
+{
+	uint32_t timer_val_reg;
+	uint32_t val;
+
+	timer_val_reg = TIMER2->TIMER2_TIMER_VAL_REG &
+		TIMER2_TIMER2_TIMER_VAL_REG_TIM_TIMER_VALUE_Msk;
+	val = timer_val_31_24 + timer_val_reg;
+	if (timer_val_reg < last_timer_val_reg) {
+		val += COUNTER_SPAN;
+	}
+
+	return val;
+}
+
+void sys_clock_set_timeout(int32_t ticks, bool idle)
+{
+	uint32_t target_val;
+	uint32_t timer_val;
+
+	if (!IS_ENABLED(CONFIG_TICKLESS_KERNEL)) {
+		return;
+	}
+
+	if (ticks == K_TICKS_FOREVER) {
+		/* FIXME we could disable timer here */
+	}
+
+	ticks = (ticks == K_TICKS_FOREVER) ? MAX_TICKS : ticks;
+	ticks = CLAMP(ticks - 1, 0, (int32_t)MAX_TICKS);
+
+	timer_val = timer_val_32_noupdate();
+
+	/* Calculate target timer value and align to full tick */
+	target_val = timer_val + TICK_TO_CYC(ticks);
+	target_val = ((target_val + CYC_PER_TICK - 1) / CYC_PER_TICK) * CYC_PER_TICK;
+
+	set_reload(target_val);
+}
+
+uint32_t sys_clock_elapsed(void)
+{
+	if (!IS_ENABLED(CONFIG_TICKLESS_KERNEL)) {
+		return 0;
+	}
+
+	return CYC_TO_TICK(timer_val_32_noupdate() - last_isr_val);
+}
+
+uint32_t sys_clock_cycle_get_32(void)
+{
+	return timer_val_32_noupdate();
+}
+
+void sys_clock_idle_exit(void)
+{
+	TIMER2->TIMER2_CTRL_REG |= TIMER2_TIMER2_CTRL_REG_TIM_EN_Msk;
+}
+
+void sys_clock_disable(void)
+{
+	TIMER2->TIMER2_CTRL_REG &= ~TIMER2_TIMER2_CTRL_REG_TIM_EN_Msk;
+}
+
+static void timer2_isr(const void *arg)
+{
+	uint32_t val;
+	int32_t delta;
+	int32_t dticks;
+
+	ARG_UNUSED(arg);
+
+	TIMER2->TIMER2_CLEAR_IRQ_REG = 1;
+
+	val = timer_val_32();
+	delta = (int32_t)(val - last_isr_val_rounded);
+	last_isr_val = val;
+	dticks = CYC_TO_TICK(delta);
+	last_isr_val_rounded += TICK_TO_CYC(dticks);
+	announced_ticks += dticks;
+	sys_clock_announce(dticks);
+}
+
+static int sys_clock_driver_init(void)
+{
+#if CONFIG_PM
+	uint8_t pdc_idx;
+	uint8_t en_xtal;
+
+	en_xtal = DT_NODE_HAS_STATUS(DT_NODELABEL(xtal32m), okay) ? MCU_PDC_EN_XTAL : 0;
+
+	/* Enable wakeup by TIMER2 */
+	pdc_idx = da1469x_pdc_add(MCU_PDC_TRIGGER_TIMER2, MCU_PDC_MASTER_M33, en_xtal);
+	__ASSERT_NO_MSG(pdc_idx >= 0);
+	da1469x_pdc_set(pdc_idx);
+	da1469x_pdc_ack(pdc_idx);
+#endif
+
+	TIMER2->TIMER2_CTRL_REG = 0;
+	TIMER2->TIMER2_PRESCALER_REG = 0;
+	TIMER2->TIMER2_CTRL_REG |= TIMER2_TIMER2_CTRL_REG_TIM_CLK_EN_Msk;
+	TIMER2->TIMER2_CTRL_REG |= TIMER2_TIMER2_CTRL_REG_TIM_FREE_RUN_MODE_EN_Msk |
+				   TIMER2_TIMER2_CTRL_REG_TIM_IRQ_EN_Msk |
+				   TIMER2_TIMER2_CTRL_REG_TIM_EN_Msk;
+
+	IRQ_CONNECT(TIMER2_IRQn, _IRQ_PRIO_OFFSET, timer2_isr, 0, 0);
+	irq_enable(TIMER2_IRQn);
+
+	return 0;
+}
+
+SYS_INIT(sys_clock_driver_init, PRE_KERNEL_2, CONFIG_SYSTEM_CLOCK_INIT_PRIORITY);
diff --git a/soc/renesas/smartbond/da1469x/Kconfig.defconfig b/soc/renesas/smartbond/da1469x/Kconfig.defconfig
index fedbde9f19..97d364a87e 100644
--- a/soc/renesas/smartbond/da1469x/Kconfig.defconfig
+++ b/soc/renesas/smartbond/da1469x/Kconfig.defconfig
@@ -3,11 +3,21 @@
 
 if SOC_SERIES_DA1469X
 
+config SMARTBOND_TIMER
+	default y if PM
+
+config CORTEX_M_SYSTICK
+	default n if SMARTBOND_TIMER
+
 config NUM_IRQS
 	default 40
 
 config SYS_CLOCK_HW_CYCLES_PER_SEC
-	default $(dt_node_int_prop_int,/cpus/cpu@0,clock-frequency)
+	default $(dt_node_int_prop_int,/cpus/cpu@0,clock-frequency) if CORTEX_M_SYSTICK
+	default 32768 if SMARTBOND_TIMER
+
+config SYS_CLOCK_TICKS_PER_SEC
+	default 32768 if SMARTBOND_TIMER
 
 config SRAM_VECTOR_TABLE
 	default y