diff --git a/doc/release-notes-23395.md b/doc/release-notes-23395.md
new file mode 100644
index 00000000000..b9d7d9409c2
--- /dev/null
+++ b/doc/release-notes-23395.md
@@ -0,0 +1,8 @@
+Notable changes
+===============
+
+New settings
+------------
+
+- The `shutdownnotify` option is used to specify a command to execute synchronously
+before Bitcoin Core has begun its shutdown sequence. (#23395)
diff --git a/src/init.cpp b/src/init.cpp
index 5160718eaa2..685583bcbd8 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -191,8 +191,24 @@ static fs::path GetPidFile(const ArgsManager& args)
 // shutdown thing.
 //
 
+#if HAVE_SYSTEM
+static void ShutdownNotify(const ArgsManager& args)
+{
+    std::vector<std::thread> threads;
+    for (const auto& cmd : args.GetArgs("-shutdownnotify")) {
+        threads.emplace_back(runCommand, cmd);
+    }
+    for (auto& t : threads) {
+        t.join();
+    }
+}
+#endif
+
 void Interrupt(NodeContext& node)
 {
+#if HAVE_SYSTEM
+    ShutdownNotify(*node.args);
+#endif
     InterruptHTTPServer();
     InterruptHTTPRPC();
     InterruptRPC();
@@ -441,6 +457,7 @@ void SetupServerArgs(ArgsManager& argsman)
     argsman.AddArg("-settings=<file>", strprintf("Specify path to dynamic settings data file. Can be disabled with -nosettings. File is written at runtime and not meant to be edited by users (use %s instead for custom settings). Relative paths will be prefixed by datadir location. (default: %s)", BITCOIN_CONF_FILENAME, BITCOIN_SETTINGS_FILENAME), ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
 #if HAVE_SYSTEM
     argsman.AddArg("-startupnotify=<cmd>", "Execute command on startup.", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
+    argsman.AddArg("-shutdownnotify=<cmd>", "Execute command immediately before beginning shutdown. The need for shutdown may be urgent, so be careful not to delay it long (if the command doesn't require interaction with the server, consider having it fork into the background).", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
 #endif
 #ifndef WIN32
     argsman.AddArg("-sysperms", "Create new files with system default permissions, instead of umask 077 (only effective with disabled wallet functionality)", ArgsManager::ALLOW_ANY, OptionsCategory::OPTIONS);
diff --git a/test/functional/feature_notifications.py b/test/functional/feature_notifications.py
index 32fea18f376..8cb633d4545 100755
--- a/test/functional/feature_notifications.py
+++ b/test/functional/feature_notifications.py
@@ -31,7 +31,7 @@ class NotificationsTest(BitcoinTestFramework):
         self.num_nodes = 2
         self.setup_clean_chain = True
         # The experimental syscall sandbox feature (-sandbox) is not compatible with -alertnotify,
-        # -blocknotify or -walletnotify (which all invoke execve).
+        # -blocknotify, -walletnotify or -shutdownnotify (which all invoke execve).
         self.disable_syscall_sandbox = True
 
     def setup_network(self):
@@ -39,14 +39,18 @@ class NotificationsTest(BitcoinTestFramework):
         self.alertnotify_dir = os.path.join(self.options.tmpdir, "alertnotify")
         self.blocknotify_dir = os.path.join(self.options.tmpdir, "blocknotify")
         self.walletnotify_dir = os.path.join(self.options.tmpdir, "walletnotify")
+        self.shutdownnotify_dir = os.path.join(self.options.tmpdir, "shutdownnotify")
+        self.shutdownnotify_file = os.path.join(self.shutdownnotify_dir, "shutdownnotify.txt")
         os.mkdir(self.alertnotify_dir)
         os.mkdir(self.blocknotify_dir)
         os.mkdir(self.walletnotify_dir)
+        os.mkdir(self.shutdownnotify_dir)
 
         # -alertnotify and -blocknotify on node0, walletnotify on node1
         self.extra_args = [[
             f"-alertnotify=echo > {os.path.join(self.alertnotify_dir, '%s')}",
             f"-blocknotify=echo > {os.path.join(self.blocknotify_dir, '%s')}",
+            f"-shutdownnotify=echo > {self.shutdownnotify_file}",
         ], [
             f"-walletnotify=echo %h_%b > {os.path.join(self.walletnotify_dir, notify_outputname('%w', '%s'))}",
         ]]
@@ -162,6 +166,10 @@ class NotificationsTest(BitcoinTestFramework):
 
         # TODO: add test for `-alertnotify` large fork notifications
 
+        self.log.info("test -shutdownnotify")
+        self.stop_nodes()
+        self.wait_until(lambda: os.path.isfile(self.shutdownnotify_file), timeout=10)
+
     def expect_wallet_notify(self, tx_details):
         self.wait_until(lambda: len(os.listdir(self.walletnotify_dir)) >= len(tx_details), timeout=10)
         # Should have no more and no less files than expected