diff --git a/rpcs3/util/init_mutex.hpp b/rpcs3/util/init_mutex.hpp
new file mode 100644
index 0000000000..d47d8b7bbb
--- /dev/null
+++ b/rpcs3/util/init_mutex.hpp
@@ -0,0 +1,215 @@
+#pragma once
+
+#include "util/atomic.hpp"
+
+namespace stx
+{
+	// Mutex designed to support 3 categories of concurrent access to protected resource (initialization, finalization and normal use) while holding the "init" state bit
+	class init_mutex
+	{
+		// Set after initialization and removed before finalization
+		static const u32 c_init_bit = 0x8000'0000;
+
+		// Contains "reader" count and init bit
+		atomic_t<u32> m_state = 0;
+
+	public:
+		constexpr init_mutex() noexcept = default;
+
+		class init_lock final
+		{
+			init_mutex* _this;
+
+		public:
+			explicit init_lock(init_mutex& mtx) noexcept
+				: _this(&mtx)
+			{
+				while (true)
+				{
+					// Expect initial (zero) state, don't optimize for least expected cases
+					const u32 val = _this->m_state.compare_and_swap(0, 1);
+
+					if (val == 0)
+					{
+						// Success: obtained "init lock"
+						break;
+					}
+
+					if (val & c_init_bit)
+					{
+						// Failure
+						_this = nullptr;
+						break;
+					}
+
+					// Wait until the state becomes certain
+					_this->m_state.wait(val);
+				}
+			}
+
+			init_lock(const init_lock&) = delete;
+
+			init_lock& operator=(const init_lock&) = delete;
+
+			~init_lock()
+			{
+				if (_this)
+				{
+					// Set initialized state and remove "init lock"
+					_this->m_state += c_init_bit - 1;
+					_this->m_state.notify_all();
+				}
+			}
+
+			explicit operator bool() const& noexcept
+			{
+				return _this != nullptr;
+			}
+
+			explicit operator bool() && = delete;
+
+			void cancel() & noexcept
+			{
+				if (_this)
+				{
+					// Abandon "init lock"
+					_this->m_state -= 1;
+					_this->m_state.notify_all();
+					_this = nullptr;
+				}
+			}
+		};
+
+		// Obtain exclusive lock to initialize protected resource. Waits for ongoing initialization or finalization. Fails if already initialized.
+		[[nodiscard]] init_lock init() noexcept
+		{
+			return init_lock(*this);
+		}
+
+		class reset_lock final
+		{
+			init_mutex* _this;
+
+		public:
+			explicit reset_lock(init_mutex& mtx) noexcept
+				: _this(&mtx)
+			{
+				auto [val, ok] = _this->m_state.fetch_op([](u32& value)
+				{
+					if (value & c_init_bit)
+					{
+						// Remove initialized state and add "init lock"
+						value -= c_init_bit - 1;
+						return true;
+					}
+
+					return false;
+				});
+
+				if (!ok)
+				{
+					// Failure: not initialized
+					_this = nullptr;
+					return;
+				}
+
+				while (val != 1)
+				{
+					// Wait for other users to finish their work
+					_this->m_state.wait(val);
+					val = _this->m_state;
+				}
+			}
+
+			reset_lock(const reset_lock&) = delete;
+
+			reset_lock& operator=(const reset_lock&) = delete;
+
+			~reset_lock()
+			{
+				if (_this)
+				{
+					// Set uninitialized state and remove "init lock"
+					_this->m_state -= 1;
+					_this->m_state.notify_all();
+				}
+			}
+
+			explicit operator bool() const& noexcept
+			{
+				return _this != nullptr;
+			}
+
+			explicit operator bool() && = delete;
+		};
+
+		// Obtain exclusive lock to finalize protected resource. Waits for ongoing use. Fails if not initialized.
+		[[nodiscard]] reset_lock reset() noexcept
+		{
+			return reset_lock(*this);
+		}
+
+		class access_lock final
+		{
+			init_mutex* _this;
+
+		public:
+			explicit access_lock(init_mutex& mtx) noexcept
+				: _this(&mtx)
+			{
+				auto [val, ok] = _this->m_state.fetch_op([](u32& value)
+				{
+					if (value & c_init_bit)
+					{
+						// Add "access lock"
+						value += 1;
+						return true;
+					}
+
+					return false;
+				});
+
+				if (!ok)
+				{
+					_this = nullptr;
+					return;
+				}
+			}
+
+			access_lock(const access_lock&) = delete;
+
+			access_lock& operator=(const access_lock&) = delete;
+
+			~access_lock()
+			{
+				if (_this)
+				{
+					// TODO: check condition
+					if (--_this->m_state <= 1)
+					{
+						_this->m_state.notify_all();
+					}
+				}
+			}
+
+			explicit operator bool() const& noexcept
+			{
+				return _this != nullptr;
+			}
+
+			explicit operator bool() && = delete;
+		};
+
+		// Obtain shared lock to use protected resource. Fails if not initialized.
+		[[nodiscard]] access_lock access() noexcept
+		{
+			return access_lock(*this);
+		}
+
+		// Simple state test. Hard to use, easy to misuse.
+		bool volatile_is_initialized() const noexcept
+		{
+			return (m_state & c_init_bit) != 0;
+		}
+	};
+}