diff --git a/BUILDING.md b/BUILDING.md
index 973c87b73ea1a5..6ebe84f6e1aad5 100644
--- a/BUILDING.md
+++ b/BUILDING.md
@@ -759,7 +759,135 @@ as `deps/icu` (You'll have: `deps/icu/source/...`)
 
 ## Building Node.js with FIPS-compliant OpenSSL
 
-The current version of Node.js does not support FIPS.
+The current version of Node.js does not support FIPS when statically linking
+(the default) with OpenSSL 1.1.1 but for dynamically linking it is possible
+to enable FIPS using the configuration flag `--openssl-is-fips`.
+
+### Configuring and building quictls/openssl for FIPS
+
+For quictls/openssl 3.0 it is possible to enable FIPS when dynamically linking.
+Node.js currently uses openssl-3.0.0+quic which can be configured as
+follows:
+```console
+$ git clone git@github.com:quictls/openssl.git
+$ cd openssl
+$ ./config --prefix=/path/to/install/dir/ shared enable-fips linux-x86_64
+```
+This can be compiled and installed using the following commands:
+```console
+$ make -j8
+$ make install_ssldirs
+$ make install_fips
+```
+
+After the FIPS module and configuration file have been installed by the above
+instructions we also need to update `/path/to/install/dir/ssl/openssl.cnf` to
+use the generated FIPS configuration file (`fipsmodule.cnf`):
+```text
+.include fipsmodule.cnf
+
+# List of providers to load
+[provider_sect]
+default = default_sect
+# The fips section name should match the section name inside the
+# included /path/to/install/dir/ssl/fipsmodule.cnf.
+fips = fips_sect
+
+[default_sect]
+activate = 1
+```
+
+In the above case OpenSSL is not installed in the default location so two
+environment variables need to be set, `OPENSSL_CONF`, and `OPENSSL_MODULES`
+which should point to the OpenSSL configuration file and the directory where
+OpenSSL modules are located:
+```console
+$ export OPENSSL_CONF=/path/to/install/dir/ssl/openssl.cnf
+$ export OPENSSL_MODULES=/path/to/install/dir/lib/ossl-modules
+```
+
+Node.js can then be configured to enable FIPS:
+```console
+$ ./configure --shared-openssl --shared-openssl-libpath=/path/to/install/dir/lib --shared-openssl-includes=/path/to/install/dir/include --shared-openssl-libname=crypto,ssl --openssl-is-fips
+$ export LD_LIBRARY_PATH=/path/to/install/dir/lib
+$ make -j8
+```
+
+Verify the produced executable:
+```console
+$ ldd ./node
+    linux-vdso.so.1 (0x00007ffd7917b000)
+    libcrypto.so.81.3 => /path/to/install/dir/lib/libcrypto.so.81.3 (0x00007fd911321000)
+    libssl.so.81.3 => /path/to/install/dir/lib/libssl.so.81.3 (0x00007fd91125e000)
+    libdl.so.2 => /usr/lib64/libdl.so.2 (0x00007fd911232000)
+    libstdc++.so.6 => /usr/lib64/libstdc++.so.6 (0x00007fd911039000)
+    libm.so.6 => /usr/lib64/libm.so.6 (0x00007fd910ef3000)
+    libgcc_s.so.1 => /usr/lib64/libgcc_s.so.1 (0x00007fd910ed9000)
+    libpthread.so.0 => /usr/lib64/libpthread.so.0 (0x00007fd910eb5000)
+    libc.so.6 => /usr/lib64/libc.so.6 (0x00007fd910cec000)
+    /lib64/ld-linux-x86-64.so.2 (0x00007fd9117f2000)
+```
+If the `ldd` command says that `libcrypto` cannot be found one needs to set
+`LD_LIBRARY_PATH` to point to the directory used above for
+`--shared-openssl-libpath` (see previous step).
+
+Verify the OpenSSL version:
+```console
+$ ./node -p process.versions.openssl
+3.0.0-alpha16+quic
+```
+
+Verify that FIPS is available:
+```console
+$ ./node -p 'process.config.variables.openssl_is_fips'
+true
+$ ./node --enable-fips -p 'crypto.getFips()'
+1
+```
+
+FIPS support can then be enable via the OpenSSL configuration file or
+using `--enable-fips` or `--force-fips` command line options to the Node.js
+executable. See sections
+[Enabling FIPS using Node.js options](#enabling-fips-using-node.js-options) and
+[Enabling FIPS using OpenSSL config](#enabling-fips-using-openssl-config) below.
+
+### Enabling FIPS using Node.js options
+This is done using one of the Node.js options `--enable-fips` or
+`--force-fips`, for example:
+```console
+$ node --enable-fips -p 'crypto.getFips()'
+```
+
+### Enabling FIPS using OpenSSL config
+This example show that using OpenSSL's configuration file, FIPS can be enabled
+without specifying the `--enable-fips` or `--force-fips` options by setting
+`default_properties = fips=yes` in the FIPS configuration file. See
+[link](https://github.com/openssl/openssl/blob/master/README-FIPS.md#loading-the-fips-module-at-the-same-time-as-other-providers)
+for details.
+
+For this to work the OpenSSL configuration file (default openssl.cnf) needs to
+be updated. The following shows an example:
+```console
+openssl_conf = openssl_init
+
+.include /path/to/install/dir/ssl/fipsmodule.cnf
+
+[openssl_init]
+providers = prov
+alg_section = algorithm_sect
+
+[prov]
+fips = fips_sect
+default = default_sect
+
+[default_sect]
+activate = 1
+
+[algorithm_sect]
+default_properties = fips=yes
+```
+After this change Node.js can be run without the `--enable-fips` or `--force-fips`
+options.
 
 ## Building Node.js with external core modules
 
diff --git a/common.gypi b/common.gypi
index 75d4b692e9b62b..4bc75c7c41c6dd 100644
--- a/common.gypi
+++ b/common.gypi
@@ -99,7 +99,7 @@
         'v8_base': '<(PRODUCT_DIR)/obj.target/tools/v8_gypfiles/libv8_snapshot.a',
       }],
       ['openssl_fips != ""', {
-        'openssl_product': '<(STATIC_LIB_PREFIX)crypto<(STATIC_LIB_SUFFIX)',
+        'openssl_product': '<(STATIC_LIB_PREFIX)openssl<(STATIC_LIB_SUFFIX)',
       }, {
         'openssl_product': '<(STATIC_LIB_PREFIX)openssl<(STATIC_LIB_SUFFIX)',
       }],
diff --git a/configure.py b/configure.py
index 9ec7da8924b132..895a0869cbc9d1 100755
--- a/configure.py
+++ b/configure.py
@@ -1456,6 +1456,12 @@ def without_ssl_error(option):
   if options.openssl_fips or options.openssl_fips == '':
      error('FIPS is not supported in this version of Node.js')
 
+  if options.openssl_is_fips and not options.shared_openssl:
+    error('--openssl-is-fips is only available with --shared-openssl')
+
+  if options.openssl_is_fips:
+    o['defines'] += ['OPENSSL_FIPS']
+
   if options.shared_openssl:
     variables['openssl_quic'] = b(getsharedopensslhasquic.get_has_quic(options.__dict__['shared_openssl_includes']))
 
diff --git a/src/crypto/crypto_util.cc b/src/crypto/crypto_util.cc
index 9c35a7cabbf551..0d533ce42531d1 100644
--- a/src/crypto/crypto_util.cc
+++ b/src/crypto/crypto_util.cc
@@ -14,6 +14,12 @@
 
 #include "math.h"
 
+#ifdef OPENSSL_FIPS
+#if OPENSSL_VERSION_MAJOR >= 3
+#include "openssl/provider.h"
+#endif
+#endif
+
 namespace node {
 
 using v8::ArrayBuffer;
@@ -197,7 +203,16 @@ void SetFipsCrypto(const FunctionCallbackInfo<Value>& args) {
 
 void TestFipsCrypto(const v8::FunctionCallbackInfo<v8::Value>& args) {
 #ifdef OPENSSL_FIPS
+#if OPENSSL_VERSION_MAJOR >= 3
+  OSSL_PROVIDER* fips_provider = nullptr;
+  if (OSSL_PROVIDER_available(nullptr, "fips")) {
+    fips_provider = OSSL_PROVIDER_load(nullptr, "fips");
+  }
+  const auto enabled = fips_provider == nullptr ? 0 :
+      OSSL_PROVIDER_self_test(fips_provider) ? 1 : 0;
+#else
   const auto enabled = FIPS_selftest() ? 1 : 0;
+#endif
 #else  // OPENSSL_FIPS
   const auto enabled = 0;
 #endif  // OPENSSL_FIPS
diff --git a/src/crypto/crypto_util.h b/src/crypto/crypto_util.h
index 27bb6310b884d1..f2f61aa4518581 100644
--- a/src/crypto/crypto_util.h
+++ b/src/crypto/crypto_util.h
@@ -24,7 +24,7 @@
 #endif  // !OPENSSL_NO_ENGINE
 // The FIPS-related functions are only available
 // when the OpenSSL itself was compiled with FIPS support.
-#ifdef  OPENSSL_FIPS
+#if defined(OPENSSL_FIPS) && OPENSSL_VERSION_MAJOR < 3
 #  include <openssl/fips.h>
 #endif  // OPENSSL_FIPS
 
diff --git a/test/parallel/test-crypto-fips.js b/test/parallel/test-crypto-fips.js
index 204951514a8ede..b6e70b62be68b9 100644
--- a/test/parallel/test-crypto-fips.js
+++ b/test/parallel/test-crypto-fips.js
@@ -66,6 +66,10 @@ testHelper(
   'require("crypto").getFips()',
   { ...process.env, 'OPENSSL_CONF': '' });
 
+// This should succeed for both FIPS and non-FIPS builds in combination with
+// OpenSSL 1.1.1 or OpenSSL 3.0
+const test_result = testFipsCrypto();
+assert.ok(test_result === 1 || test_result === 0);
 
 // If Node was configured using --shared-openssl fips support might be
 // available depending on how OpenSSL was built. If fips support is
@@ -79,7 +83,7 @@ testHelper(
 // ("Error: Cannot set FIPS mode in a non-FIPS build.").
 // Due to this uncertainty the following tests are skipped when configured
 // with --shared-openssl.
-if (!sharedOpenSSL()) {
+if (!sharedOpenSSL() && !common.hasOpenSSL3) {
   // OpenSSL config file should be able to turn on FIPS mode
   testHelper(
     'stdout',