diff --git a/packages/metro-cache/package.json b/packages/metro-cache/package.json
new file mode 100644
index 00000000..b594a480
--- /dev/null
+++ b/packages/metro-cache/package.json
@@ -0,0 +1,14 @@
+{
+  "version": "0.25.1",
+  "name": "metro-cache",
+  "description": "🚇 Cache layers for Metro",
+  "main": "src/index.js",
+  "repository": {
+    "type": "git",
+    "url": "git@github.com:facebook/metro.git"
+  },
+  "scripts": {
+    "prepare-release": "test -d build && rm -rf src.real && mv src src.real && mv build src",
+    "cleanup-release": "test ! -e build && mv src build && mv src.real src"
+  }
+}
diff --git a/packages/metro-cache/src/Cache.js b/packages/metro-cache/src/Cache.js
new file mode 100644
index 00000000..a8732b3f
--- /dev/null
+++ b/packages/metro-cache/src/Cache.js
@@ -0,0 +1,50 @@
+/**
+ * Copyright (c) 2018-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ * @format
+ */
+
+'use strict';
+
+import type {CacheStore} from 'metro-cache';
+
+class Cache {
+  _stores: $ReadOnlyArray<CacheStore>;
+
+  constructor(stores: $ReadOnlyArray<CacheStore>) {
+    this._stores = stores;
+  }
+
+  async get(key: Buffer): Promise<mixed> {
+    const stores = this._stores;
+    const length = stores.length;
+
+    for (let i = 0; i < length; i++) {
+      let value = stores[i].get(key);
+
+      if (value instanceof Promise) {
+        value = await value;
+      }
+
+      if (value != null) {
+        return value;
+      }
+    }
+
+    return null;
+  }
+
+  set(key: Buffer, value: mixed): void {
+    Promise.all(this._stores.map(store => store.set(key, value))).catch(err => {
+      process.nextTick(() => {
+        throw err;
+      });
+    });
+  }
+}
+
+module.exports = Cache;
diff --git a/packages/metro-cache/src/__tests__/Cache.test.js b/packages/metro-cache/src/__tests__/Cache.test.js
new file mode 100644
index 00000000..c74e7b66
--- /dev/null
+++ b/packages/metro-cache/src/__tests__/Cache.test.js
@@ -0,0 +1,112 @@
+/**
+ * Copyright (c) 2018-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @emails oncall+javascript_foundation
+ * @format
+ */
+
+'use strict';
+
+const Cache = require('../Cache');
+
+describe('Cache', () => {
+  function createStore(i) {
+    return {
+      name: 'store' + i,
+      get: jest.fn().mockImplementation(() => null),
+      set: jest.fn(),
+    };
+  }
+
+  it('returns null when no result is found', async () => {
+    const store1 = createStore();
+    const store2 = createStore();
+    const cache = new Cache([store1, store2]);
+
+    // Calling a wrapped method.
+    const result = await cache.get('arg');
+
+    expect(result).toBe(null);
+    expect(store1.get).toHaveBeenCalledTimes(1);
+    expect(store2.get).toHaveBeenCalledTimes(1);
+  });
+
+  it('sequentially searches up until it finds a valid result', async () => {
+    const store1 = createStore(1);
+    const store2 = createStore(2);
+    const store3 = createStore(3);
+    const cache = new Cache([store1, store2, store3]);
+
+    // Only cache 2 can return results.
+    store2.get.mockImplementation(() => 'foo');
+
+    const result = await cache.get('arg');
+
+    expect(result).toBe('foo');
+    expect(store1.get).toHaveBeenCalledTimes(1);
+    expect(store2.get).toHaveBeenCalledTimes(1);
+    expect(store3.get).not.toHaveBeenCalled();
+  });
+
+  it('awaits for promises on stores, even if they return undefined', async () => {
+    let resolve;
+
+    const store1 = createStore();
+    const store2 = createStore();
+    const promise = new Promise((res, rej) => (resolve = res));
+    const cache = new Cache([store1, store2]);
+
+    store1.get.mockImplementation(() => promise);
+    cache.get('foo');
+
+    // Store 1 returns a promise, so store 2 is not called until it resolves.
+    expect(store1.get).toHaveBeenCalledTimes(1);
+    expect(store2.get).not.toHaveBeenCalled();
+
+    resolve(undefined);
+    await promise;
+
+    expect(store1.get).toHaveBeenCalledTimes(1);
+    expect(store2.get).toHaveBeenCalledTimes(1);
+  });
+
+  it('throws on a buggy store', async () => {
+    jest.useFakeTimers();
+
+    const store1 = createStore();
+    const store2 = createStore();
+    const cache = new Cache([store1, store2]);
+
+    let err1 = null;
+    let err2 = null;
+
+    // Try sets.
+    store1.set.mockImplementation(() => Promise.reject(new RangeError('foo')));
+    store2.set.mockImplementation(() => null);
+
+    expect(() => cache.set('arg')).not.toThrow(); // Async throw.
+
+    try {
+      jest.runAllTimers(); // Advancing the timer will make the cache throw.
+    } catch (err) {
+      err1 = err;
+    }
+
+    expect(err1).toBeInstanceOf(RangeError);
+
+    // Try gets.
+    store1.get.mockImplementation(() => Promise.reject(new TypeError('bar')));
+    store2.get.mockImplementation(() => null);
+
+    try {
+      await cache.get('arg');
+    } catch (err) {
+      err2 = err;
+    }
+
+    expect(err2).toBeInstanceOf(TypeError);
+  });
+});
diff --git a/packages/metro-cache/src/__tests__/stableHash.js b/packages/metro-cache/src/__tests__/stableHash.js
new file mode 100644
index 00000000..9e5d173d
--- /dev/null
+++ b/packages/metro-cache/src/__tests__/stableHash.js
@@ -0,0 +1,37 @@
+/**
+ * Copyright (c) 2018-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @emails oncall+javascript_foundation
+ * @format
+ */
+
+'use strict';
+
+const stableHash = require('../stableHash');
+
+describe('stableHash', () => {
+  it('ensures that the hash implementation supports switched order properties', () => {
+    const sortedHash = stableHash({
+      a: 3,
+      b: 4,
+      c: {
+        d: 'd',
+        e: 'e',
+      },
+    });
+
+    const unsortedHash = stableHash({
+      b: 4,
+      c: {
+        e: 'e',
+        d: 'd',
+      },
+      a: 3,
+    });
+
+    expect(unsortedHash).toEqual(sortedHash);
+  });
+});
diff --git a/packages/metro-cache/src/index.js b/packages/metro-cache/src/index.js
new file mode 100644
index 00000000..06e14755
--- /dev/null
+++ b/packages/metro-cache/src/index.js
@@ -0,0 +1,17 @@
+/**
+ * Copyright (c) 2018-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ * @format
+ */
+
+'use strict';
+
+const Cache = require('./Cache');
+
+export type {CacheStore} from './types.flow';
+
+module.exports.Cache = Cache;
diff --git a/packages/metro-cache/src/stableHash.js b/packages/metro-cache/src/stableHash.js
new file mode 100644
index 00000000..5feea2bd
--- /dev/null
+++ b/packages/metro-cache/src/stableHash.js
@@ -0,0 +1,38 @@
+/**
+ * Copyright (c) 2018-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ * @format
+ */
+
+'use strict';
+
+const crypto = require('crypto');
+
+function canonicalize(key: string, value: mixed): mixed {
+  if (!(value instanceof Object) || value instanceof Array) {
+    return value;
+  }
+
+  const keys = Object.keys(value).sort();
+  const length = keys.length;
+  const object = {};
+
+  for (let i = 0; i < length; i++) {
+    object[keys[i]] = value[keys[i]];
+  }
+
+  return object;
+}
+
+function stableHash(value: mixed) {
+  return crypto
+    .createHash('md5')
+    .update(JSON.stringify(value, canonicalize))
+    .digest();
+}
+
+module.exports = stableHash;
diff --git a/packages/metro-cache/src/types.flow.js b/packages/metro-cache/src/types.flow.js
new file mode 100644
index 00000000..ca6c34a6
--- /dev/null
+++ b/packages/metro-cache/src/types.flow.js
@@ -0,0 +1,16 @@
+/**
+ * Copyright (c) 2018-present, Facebook, Inc.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ * @format
+ */
+
+'use strict';
+
+export type CacheStore = {
+  get(key: Buffer): ?mixed | Promise<?mixed>,
+  set(key: Buffer, value: mixed): void | Promise<void>,
+};
diff --git a/packages/metro/src/Config.js b/packages/metro/src/Config.js
index cdeba261..adaf14ad 100644
--- a/packages/metro/src/Config.js
+++ b/packages/metro/src/Config.js
@@ -22,12 +22,21 @@ import type {
 import type {PostProcessModules} from './DeltaBundler';
 import type {DynamicRequiresBehavior} from './ModuleGraph/worker/collectDependencies';
 import type {IncomingMessage, ServerResponse} from 'http';
+import type {CacheStore} from 'metro-cache';
 
 type Middleware = (IncomingMessage, ServerResponse, ?() => mixed) => mixed;
 
 export type ConfigT = {
+  // TODO: Remove this option below (T23793920)
+  assetTransforms?: boolean,
+
   assetRegistryPath: string,
 
+  /**
+   * List of all store caches.
+   */
+  cacheStores: Array<CacheStore>,
+
   /**
    * Can be used to generate a key that will invalidate the whole metro cache
    * (for example a global dependency version used by the transformer).
@@ -50,8 +59,7 @@ export type ConfigT = {
    * from here and use `require('./fonts/example.ttf')` inside your app.
    */
   getAssetExts: () => Array<string>,
-  // TODO: Remove this option below (T23793920)
-  assetTransforms?: boolean,
+
   /**
    * Returns a regular expression for modules that should be ignored by the
    * packager on a given platform.
@@ -157,6 +165,7 @@ const DEFAULT = ({
   enhanceMiddleware: middleware => middleware,
   extraNodeModules: {},
   assetTransforms: false,
+  cacheStores: [],
   cacheVersion: '1.0',
   dynamicDepsInPackages: 'throwAtRuntime',
   getAssetExts: () => [],
diff --git a/packages/metro/src/JSTransformer/__tests__/Transformer-test.js b/packages/metro/src/JSTransformer/__tests__/Transformer-test.js
index a848c424..f58c13d2 100644
--- a/packages/metro/src/JSTransformer/__tests__/Transformer-test.js
+++ b/packages/metro/src/JSTransformer/__tests__/Transformer-test.js
@@ -15,7 +15,7 @@ const defaults = require('../../defaults');
 const {Readable} = require('stream');
 
 describe('Transformer', function() {
-  let api, Cache;
+  let api;
   const fileName = '/an/arbitrary/file.js';
   const localPath = 'arbitrary/file.js';
   const transformModulePath = __filename;
@@ -37,9 +37,6 @@ describe('Transformer', function() {
       .mock('temp', () => ({path: () => '/arbitrary/path'}))
       .mock('jest-worker', () => ({__esModule: true, default: jest.fn()}));
 
-    Cache = jest.fn();
-    Cache.prototype.get = jest.fn((a, b, c) => c());
-
     const fs = require('fs');
     const jestWorker = require('jest-worker');