diff --git a/doc/api/buffer.md b/doc/api/buffer.md
index a8a7635dbdc748..bd7122d5b4d47a 100644
--- a/doc/api/buffer.md
+++ b/doc/api/buffer.md
@@ -507,6 +507,15 @@ added: v15.7.0
 Creates and returns a new `Blob` containing a subset of this `Blob` objects
 data. The original `Blob` is not altered.
 
+### `blob.stream()`
+<!-- YAML
+added: REPLACEME
+-->
+
+* Returns: {ReadableStream}
+
+Returns a new `ReadableStream` that allows the content of the `Blob` to be read.
+
 ### `blob.text()`
 <!-- YAML
 added: v15.7.0
@@ -514,8 +523,8 @@ added: v15.7.0
 
 * Returns: {Promise}
 
-Returns a promise that resolves the contents of the `Blob` decoded as a UTF-8
-string.
+Returns a promise that fulfills with the contents of the `Blob` decoded as a
+UTF-8 string.
 
 ### `blob.type`
 <!-- YAML
diff --git a/lib/internal/blob.js b/lib/internal/blob.js
index 927b9f54046bf2..d69c9c17980ee3 100644
--- a/lib/internal/blob.js
+++ b/lib/internal/blob.js
@@ -5,8 +5,10 @@ const {
   MathMax,
   MathMin,
   ObjectDefineProperty,
-  ObjectSetPrototypeOf,
   PromiseResolve,
+  PromiseReject,
+  PromisePrototypeFinally,
+  ReflectConstruct,
   RegExpPrototypeTest,
   StringPrototypeToLowerCase,
   Symbol,
@@ -16,14 +18,14 @@ const {
 } = primordials;
 
 const {
-  createBlob,
+  createBlob: _createBlob,
   FixedSizeBlobCopyJob,
 } = internalBinding('buffer');
 
 const { TextDecoder } = require('internal/encoding');
 
 const {
-  JSTransferable,
+  makeTransferable,
   kClone,
   kDeserialize,
 } = require('internal/worker/js_transferable');
@@ -44,6 +46,7 @@ const {
   AbortError,
   codes: {
     ERR_INVALID_ARG_TYPE,
+    ERR_INVALID_THIS,
     ERR_BUFFER_TOO_LARGE,
   }
 } = require('internal/errors');
@@ -56,10 +59,12 @@ const {
 const kHandle = Symbol('kHandle');
 const kType = Symbol('kType');
 const kLength = Symbol('kLength');
+const kArrayBufferPromise = Symbol('kArrayBufferPromise');
 
 const disallowedTypeCharacters = /[^\u{0020}-\u{007E}]/u;
 
 let Buffer;
+let ReadableStream;
 
 function lazyBuffer() {
   if (Buffer === undefined)
@@ -67,6 +72,14 @@ function lazyBuffer() {
   return Buffer;
 }
 
+function lazyReadableStream(options) {
+  if (ReadableStream === undefined) {
+    ReadableStream =
+      require('internal/webstreams/readablestream').ReadableStream;
+  }
+  return new ReadableStream(options);
+}
+
 function isBlob(object) {
   return object?.[kHandle] !== undefined;
 }
@@ -89,16 +102,7 @@ function getSource(source, encoding) {
   return [source.byteLength, source];
 }
 
-class InternalBlob extends JSTransferable {
-  constructor(handle, length, type = '') {
-    super();
-    this[kHandle] = handle;
-    this[kType] = type;
-    this[kLength] = length;
-  }
-}
-
-class Blob extends JSTransferable {
+class Blob {
   constructor(sources = [], options = {}) {
     emitExperimentalWarning('buffer.Blob');
     if (sources === null ||
@@ -120,13 +124,15 @@ class Blob extends JSTransferable {
     if (!isUint32(length))
       throw new ERR_BUFFER_TOO_LARGE(0xFFFFFFFF);
 
-    super();
-    this[kHandle] = createBlob(sources_, length);
+    this[kHandle] = _createBlob(sources_, length);
     this[kLength] = length;
 
     type = `${type}`;
     this[kType] = RegExpPrototypeTest(disallowedTypeCharacters, type) ?
       '' : StringPrototypeToLowerCase(type);
+
+    // eslint-disable-next-line no-constructor-return
+    return makeTransferable(this);
   }
 
   [kInspect](depth, options) {
@@ -150,7 +156,7 @@ class Blob extends JSTransferable {
     const length = this[kLength];
     return {
       data: { handle, type, length },
-      deserializeInfo: 'internal/blob:InternalBlob'
+      deserializeInfo: 'internal/blob:ClonedBlob'
     };
   }
 
@@ -160,11 +166,35 @@ class Blob extends JSTransferable {
     this[kLength] = length;
   }
 
-  get type() { return this[kType]; }
+  /**
+   * @readonly
+   * @type {string}
+   */
+  get type() {
+    if (!isBlob(this))
+      throw new ERR_INVALID_THIS('Blob');
+    return this[kType];
+  }
 
-  get size() { return this[kLength]; }
+  /**
+   * @readonly
+   * @type {number}
+   */
+  get size() {
+    if (!isBlob(this))
+      throw new ERR_INVALID_THIS('Blob');
+    return this[kLength];
+  }
 
+  /**
+   * @param {number} [start]
+   * @param {number} [end]
+   * @param {string} [contentType]
+   * @returns {Blob}
+   */
   slice(start = 0, end = this[kLength], contentType = '') {
+    if (!isBlob(this))
+      throw new ERR_INVALID_THIS('Blob');
     if (start < 0) {
       start = MathMax(this[kLength] + start, 0);
     } else {
@@ -188,35 +218,96 @@ class Blob extends JSTransferable {
 
     const span = MathMax(end - start, 0);
 
-    return new InternalBlob(
-      this[kHandle].slice(start, start + span), span, contentType);
+    return createBlob(
+      this[kHandle].slice(start, start + span),
+      span,
+      contentType);
   }
 
-  async arrayBuffer() {
+  /**
+   * @returns {Promise<ArrayBuffer>}
+   */
+  arrayBuffer() {
+    if (!isBlob(this))
+      return PromiseReject(new ERR_INVALID_THIS('Blob'));
+
+    // If there's already a promise in flight for the content,
+    // reuse it, but only once. After the cached promise resolves
+    // it will be cleared, allowing it to be garbage collected
+    // as soon as possible.
+    if (this[kArrayBufferPromise])
+      return this[kArrayBufferPromise];
+
     const job = new FixedSizeBlobCopyJob(this[kHandle]);
 
     const ret = job.run();
+
+    // If the job returns a value immediately, the ArrayBuffer
+    // was generated synchronously and should just be returned
+    // directly.
     if (ret !== undefined)
       return PromiseResolve(ret);
 
     const {
       promise,
       resolve,
-      reject
+      reject,
     } = createDeferredPromise();
+
     job.ondone = (err, ab) => {
       if (err !== undefined)
         return reject(new AbortError());
       resolve(ab);
     };
+    this[kArrayBufferPromise] =
+    PromisePrototypeFinally(
+      promise,
+      () => this[kArrayBufferPromise] = undefined);
 
-    return promise;
+    return this[kArrayBufferPromise];
   }
 
+  /**
+   *
+   * @returns {Promise<string>}
+   */
   async text() {
+    if (!isBlob(this))
+      throw new ERR_INVALID_THIS('Blob');
+
     const dec = new TextDecoder();
     return dec.decode(await this.arrayBuffer());
   }
+
+  /**
+   * @returns {ReadableStream}
+   */
+  stream() {
+    if (!isBlob(this))
+      throw new ERR_INVALID_THIS('Blob');
+
+    const self = this;
+    return new lazyReadableStream({
+      async start(controller) {
+        const ab = await self.arrayBuffer();
+        controller.enqueue(new Uint8Array(ab));
+        controller.close();
+      }
+    });
+  }
+}
+
+function ClonedBlob() {
+  return makeTransferable(ReflectConstruct(function() {}, [], Blob));
+}
+ClonedBlob.prototype[kDeserialize] = () => {};
+
+function createBlob(handle, length, type = '') {
+  return makeTransferable(ReflectConstruct(function() {
+    this[kHandle] = handle;
+    this[kType] = type;
+    this[kLength] = length;
+  }, [], Blob));
 }
 
 ObjectDefineProperty(Blob.prototype, SymbolToStringTag, {
@@ -224,13 +315,9 @@ ObjectDefineProperty(Blob.prototype, SymbolToStringTag, {
   value: 'Blob',
 });
 
-InternalBlob.prototype.constructor = Blob;
-ObjectSetPrototypeOf(
-  InternalBlob.prototype,
-  Blob.prototype);
-
 module.exports = {
   Blob,
-  InternalBlob,
+  ClonedBlob,
+  createBlob,
   isBlob,
 };
diff --git a/test/parallel/test-blob.js b/test/parallel/test-blob.js
index 6c880e9dea1c84..b7149048a9faab 100644
--- a/test/parallel/test-blob.js
+++ b/test/parallel/test-blob.js
@@ -198,3 +198,21 @@ assert.throws(() => new Blob({}), {
                      'Blob { size: 0, type: \'\' }');
   assert.strictEqual(inspect(b, { depth: -1 }), '[Blob]');
 }
+
+{
+  // The Blob has to be over a specific size for the data to
+  // be copied asynchronously..
+  const b = new Blob(['hello', 'there'.repeat(820)]);
+  assert.strictEqual(b.arrayBuffer(), b.arrayBuffer());
+  b.arrayBuffer().then(common.mustCall());
+}
+
+(async () => {
+  const b = new Blob(['hello']);
+  const reader = b.stream().getReader();
+  let res = await reader.read();
+  assert.strictEqual(res.value.byteLength, 5);
+  assert(!res.done);
+  res = await reader.read();
+  assert(res.done);
+})().then(common.mustCall());