diff --git a/nemo/collections/common/tokenizers/__init__.py b/nemo/collections/common/tokenizers/__init__.py
index 6a71920bf6d4..4ba946cf9f76 100644
--- a/nemo/collections/common/tokenizers/__init__.py
+++ b/nemo/collections/common/tokenizers/__init__.py
@@ -19,6 +19,7 @@
 from nemo.collections.common.tokenizers.huggingface.auto_tokenizer import AutoTokenizer
 from nemo.collections.common.tokenizers.regex_tokenizer import RegExTokenizer
 from nemo.collections.common.tokenizers.sentencepiece_tokenizer import SentencePieceTokenizer
+from nemo.collections.common.tokenizers.tiktoken_tokenizer import TiktokenTokenizer
 from nemo.collections.common.tokenizers.tokenizer_spec import TokenizerSpec
 from nemo.collections.common.tokenizers.word_tokenizer import WordTokenizer
 
diff --git a/nemo/collections/common/tokenizers/tiktoken_tokenizer.py b/nemo/collections/common/tokenizers/tiktoken_tokenizer.py
new file mode 100644
index 000000000000..4b1847051cdc
--- /dev/null
+++ b/nemo/collections/common/tokenizers/tiktoken_tokenizer.py
@@ -0,0 +1,200 @@
+# Copyright (c) 2024, NVIDIA CORPORATION.  All rights reserved.
+#
+# Licensed under the Apache License, Version 2.0 (the "License");
+# you may not use this file except in compliance with the License.
+# You may obtain a copy of the License at
+#
+#     http://www.apache.org/licenses/LICENSE-2.0
+#
+# Unless required by applicable law or agreed to in writing, software
+# distributed under the License is distributed on an "AS IS" BASIS,
+# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+# See the License for the specific language governing permissions and
+# limitations under the License.
+
+import base64
+import json
+import os
+from pathlib import Path
+from typing import Dict, List, Optional
+
+try:
+    import tiktoken
+except ImportError:
+    pass
+
+from nemo.collections.common.tokenizers.tokenizer_spec import TokenizerSpec
+
+__all__ = ['TiktokenTokenizer']
+
+
+def reload_mergeable_ranks(
+    path: str,
+    max_vocab: Optional[int] = None,
+) -> Dict[bytes, int]:
+    """
+    Reload the tokenizer JSON file and convert it to Tiktoken format.
+    """
+    assert path.endswith(".json")
+
+    # reload vocab
+    with open(path, "r") as f:
+        vocab = json.load(f)
+    assert isinstance(vocab, list)
+    print(f"Vocab size: {len(vocab)}")
+    if max_vocab is not None:
+        vocab = vocab[:max_vocab]
+        print(f"Cutting vocab to first {len(vocab)} tokens.")
+
+    # build ranks
+    ranks: Dict[bytes, int] = {}
+    for i, x in enumerate(vocab):
+        assert x.keys() == {"rank", "token_bytes", "token_str"}
+        assert x["rank"] == i
+        merge = base64.b64decode(x["token_bytes"])
+        assert i >= 256 or merge == bytes([i])
+        ranks[merge] = x["rank"]
+
+    # sanity check
+    assert len(ranks) == len(vocab)
+    assert set(ranks.values()) == set(range(len(ranks)))
+
+    return ranks
+
+
+PATTERN_TIKTOKEN = "[^\\r\\n\\p{L}\\p{N}]?[\\p{Lu}\\p{Lt}\\p{Lm}\\p{Lo}\\p{M}]*[\\p{Ll}\\p{Lm}\\p{Lo}\\p{M}]+|[^\\r\\n\\p{L}\\p{N}]?[\\p{Lu}\\p{Lt}\\p{Lm}\\p{Lo}\\p{M}]+[\\p{Ll}\\p{Lm}\\p{Lo}\\p{M}]*|\\p{N}| ?[^\\s\\p{L}\\p{N}]+[\\r\\n/]*|\\s*[\\r\\n]+|\\s+(?!\\S)|\\s+"
+DEFAULT_TIKTOKEN_MAX_VOCAB = 2**17  # 131072
+SPECIAL_TOKENS = ["<unk>", "<s>", "</s>"]
+SPECIAL_TOKEN_TEMPLATE = "<SPECIAL_{id}>"
+
+
+class TiktokenTokenizer(TokenizerSpec):
+    """
+    TiktokenTokenizer https://github.com/openai/tiktoken.
+
+    Args:
+        model_path: path to tokenizer vocabulary
+        num_special_tokens: number of special tokens to generate
+        special_tokens: template for user-defined special tokens
+        pattern: Regex pattern to split the text
+    """
+
+    def __init__(
+        self,
+        vocab_file: str,
+        pattern: str = PATTERN_TIKTOKEN,
+        vocab_size: int = DEFAULT_TIKTOKEN_MAX_VOCAB,  # 131072
+        num_special_tokens: int = 1000,
+        special_tokens: Optional[List[str]] = None,
+    ):
+        if not vocab_file or not os.path.exists(vocab_file):
+            raise ValueError(f"vocab_file: {vocab_file} is invalid")
+
+        if special_tokens is None:
+            special_tokens = SPECIAL_TOKENS.copy()
+
+        assert len(special_tokens) == len(set(special_tokens)), f"Special tokens should be unique: {special_tokens}"
+        assert len(special_tokens) <= num_special_tokens < vocab_size
+        assert set(SPECIAL_TOKENS) <= set(special_tokens), f"Custom special tokens should include {SPECIAL_TOKENS}"
+
+        self._unk_id = special_tokens.index("<unk>")
+        self._bos_id = special_tokens.index("<s>")
+        self._eos_id = special_tokens.index("</s>")
+
+        self._vocab_size = vocab_size
+        print(f'{self._vocab_size = }')
+        self.num_special_tokens = num_special_tokens
+        special_filler = [SPECIAL_TOKEN_TEMPLATE.format(id=i) for i in range(len(special_tokens), num_special_tokens)]
+        if special_filler:
+            print(f"Adding special tokens {special_filler[0]}, ..., {special_filler[-1]}")
+        self.special_tokens = special_tokens + special_filler
+        assert len(set(self.special_tokens)) == len(self.special_tokens) == num_special_tokens, self.special_tokens
+        self.inner_vocab_size = vocab_size - num_special_tokens
+
+        # reload vocab
+        self.token2id = reload_mergeable_ranks(vocab_file, max_vocab=self.inner_vocab_size)
+        self.id2token = {v: k for k, v in self.token2id.items()}
+        assert set(range(self.inner_vocab_size)) == set(self.id2token.keys())
+
+        self.shifted_id2token = {i: tok for i, tok in enumerate(self.special_tokens)}
+        for key, value in self.id2token.items():
+            self.shifted_id2token[key + self.num_special_tokens] = value
+
+        self.tokenizer = tiktoken.Encoding(
+            name=Path(vocab_file).parent.name,
+            pat_str=pattern,
+            mergeable_ranks=self.token2id,
+            special_tokens={},  # special tokens are handled manually
+        )
+
+    def text_to_tokens(self, text: str):
+        token_ids = self.tokenizer.encode(text)
+        return [self.tokenizer.decode_single_token_bytes(token) for token in token_ids]
+
+    def tokens_to_text(self, tokens: List[int]):
+        token_ids = [self.tokenizer.encode_single_token(tokens) for tokens in tokens]
+        return self.tokenizer.decode(token_ids)
+
+    def token_to_id(self, token):
+        return self.tokenizer.encode_single_token(token)
+
+    def tokens_to_ids(self, tokens):
+        return [self.tokenizer.encode_single_token(token) for token in tokens]
+
+    def ids_to_tokens(self, token_ids):
+        tokens = []
+        for token_id in token_ids:
+            if token_id < self.num_special_tokens:
+                tokens.append(self.special_tokens[token_id])
+            else:
+                token_id -= self.num_special_tokens
+                token_bytes = self.tokenizer.decode_single_token_bytes(token_id)
+                tokens.append(token_bytes.decode('utf-8', errors='replace'))
+        return tokens
+
+    def text_to_ids(self, text: str):
+        tokens = self.tokenizer.encode(text)
+        tokens = [t + self.num_special_tokens for t in tokens]
+        return tokens
+
+    def ids_to_text(self, tokens: List[int]):
+        # Filter out special tokens and adjust the remaining tokens
+        adjusted_tokens = [
+            t - self.num_special_tokens
+            for t in tokens
+            if t not in {self.bos, self.eos} and t >= self.num_special_tokens
+        ]
+
+        # Decode only if there are tokens left after filtering
+        if adjusted_tokens:
+            return self.tokenizer.decode(adjusted_tokens)
+        else:
+            return ""  # Return an empty string if all tokens were filtered out
+
+    @property
+    def bos_id(self):
+        return self._bos_id
+
+    @property
+    def eos_id(self):
+        return self._eos_id
+
+    @property
+    def unk_id(self):
+        return self._unk_id
+
+    @property
+    def vocab(self):
+        return self.token2id
+
+    @property
+    def decoder(self):
+        return self.shifted_id2token
+
+    @property
+    def encoder(self):
+        return self.vocab
+
+    @property
+    def vocab_size(self) -> int:
+        return self._vocab_size
diff --git a/nemo/collections/nlp/modules/common/tokenizer_utils.py b/nemo/collections/nlp/modules/common/tokenizer_utils.py
index d3ee69f75b25..4cbadd87fe52 100644
--- a/nemo/collections/nlp/modules/common/tokenizer_utils.py
+++ b/nemo/collections/nlp/modules/common/tokenizer_utils.py
@@ -22,6 +22,7 @@
 from nemo.collections.common.tokenizers.huggingface.auto_tokenizer import AutoTokenizer
 from nemo.collections.common.tokenizers.regex_tokenizer import RegExTokenizer
 from nemo.collections.common.tokenizers.tabular_tokenizer import TabularTokenizer
+from nemo.collections.common.tokenizers.tiktoken_tokenizer import TiktokenTokenizer
 from nemo.collections.common.tokenizers.word_tokenizer import WordTokenizer
 from nemo.collections.nlp.modules.common.huggingface.huggingface_utils import get_huggingface_pretrained_lm_models_list
 from nemo.collections.nlp.modules.common.lm_utils import get_pretrained_lm_models_list
@@ -122,6 +123,8 @@ def get_tokenizer(
             legacy=True,
             chat_template=chat_template,
         )
+    elif tokenizer_name == 'tiktoken':
+        return nemo.collections.common.tokenizers.tiktoken_tokenizer.TiktokenTokenizer(vocab_file=vocab_file)
     elif tokenizer_name == 'word':
         return WordTokenizer(vocab_file=vocab_file, **special_tokens_dict)
     elif tokenizer_name == 'char':
@@ -221,6 +224,8 @@ def get_nmt_tokenizer(
         )
     elif library == 'tabular':
         return TabularTokenizer(vocab_file, delimiter=delimiter)
+    elif library == 'tiktoken':
+        return TiktokenTokenizer(vocab_file=vocab_file)
     else:
         raise NotImplementedError(
             'Currently we only support "huggingface", "sentencepiece", "megatron", and "byte-level" tokenizer'
diff --git a/nemo/export/multimodal/run.py b/nemo/export/multimodal/run.py
index 1809a6fc8ce7..86bcc716af79 100644
--- a/nemo/export/multimodal/run.py
+++ b/nemo/export/multimodal/run.py
@@ -80,7 +80,6 @@ def init_tokenizer(self, llm_engine_dir):
 
             self.tokenizer = AutoTokenizer.from_pretrained(os.path.join(llm_engine_dir, 'huggingface_tokenizer'))
             self.tokenizer.pad_token = self.tokenizer.eos_token
-
             if self.model_type == 'vita':
                 self.tokenizer.im_start_id = self.tokenizer.convert_tokens_to_ids("<extra_id_4>")
                 self.tokenizer.im_end_id = self.tokenizer.convert_tokens_to_ids("<extra_id_5>")
diff --git a/requirements/requirements_nlp.txt b/requirements/requirements_nlp.txt
index a1dad5b64a8a..f98f7c318c56 100644
--- a/requirements/requirements_nlp.txt
+++ b/requirements/requirements_nlp.txt
@@ -20,4 +20,5 @@ rouge_score
 sacrebleu  # manually install sacrebleu[ja] for Japanese support; MeCab is unsupported in Python 3.11+
 sentence_transformers
 tensorstore<0.1.46
+tiktoken==0.7.0
 zarr