diff --git a/src/material/core/_core-theme.scss b/src/material/core/_core-theme.scss
index 814c245ab8c6..cf6d1f82bd86 100644
--- a/src/material/core/_core-theme.scss
+++ b/src/material/core/_core-theme.scss
@@ -54,16 +54,16 @@
   @include option-theme.typography($theme);
   @include optgroup-theme.typography($theme);
   @include pseudo-checkbox-theme.typography($theme);
-  // TODO(mmalerba): add typography mixin for this.
-  // @include ripple-theme.typography($config);
+  @include ripple-theme.typography($theme);
 }
 
 @mixin density($theme) {
   @include option-theme.density($theme);
   @include optgroup-theme.density($theme);
+  @include ripple-theme.density($theme);
+
   // TODO(mmalerba): add density mixins for these.
-  // @include ripple-theme.density($density-scale);
-  // @include pseudo-checkbox-theme.density($density-scale);
+  // @include pseudo-checkbox-theme.density($theme);
 }
 
 // Mixin that renders all of the core styles that depend on the theme.
diff --git a/src/material/core/ripple/_ripple-theme.scss b/src/material/core/ripple/_ripple-theme.scss
index 6d2589a218a5..86aa6b53f197 100644
--- a/src/material/core/ripple/_ripple-theme.scss
+++ b/src/material/core/ripple/_ripple-theme.scss
@@ -1,26 +1,30 @@
-@use 'sass:meta';
+@use '../tokens/m2/mat/ripple' as tokens-mat-ripple;
+@use '../tokens/token-utils';
+@use '../style/sass-utils';
+
 @use '../theming/theming';
 @use '../theming/inspection';
 
-@mixin base($theme) {
-  // TODO(mmalerba): Move ripple base tokens here
-}
+@mixin base($theme) {}
 
-// Colors for the ripple elements.
 @mixin color($theme) {
-  $foreground-base: inspection.get-theme-color($theme, foreground, base);
-  $color-opacity: 0.1;
+  @include sass-utils.current-selector-or-root() {
+    @include token-utils.create-token-values(tokens-mat-ripple.$prefix,
+      tokens-mat-ripple.get-color-tokens($theme));
+  }
+}
 
-  .mat-ripple-element {
-    // If the ripple color is resolves to a color *type*, we can use it directly, otherwise
-    // (e.g. it resolves to a CSS variable) we fall back to using the color and setting an opacity.
-    @if (meta.type-of($foreground-base) == color) {
-      background-color: rgba($foreground-base, $color-opacity);
-    }
-    @else {
-      background-color: $foreground-base;
-      opacity: $color-opacity;
-    }
+@mixin typography($theme) {
+  @include sass-utils.current-selector-or-root() {
+    @include token-utils.create-token-values(tokens-mat-ripple.$prefix,
+      tokens-mat-ripple.get-typography-tokens($theme));
+  }
+}
+
+@mixin density($theme) {
+  @include sass-utils.current-selector-or-root() {
+    @include token-utils.create-token-values(tokens-mat-ripple.$prefix,
+      tokens-mat-ripple.get-density-tokens($theme));
   }
 }
 
@@ -30,5 +34,11 @@
     @if inspection.theme-has($theme, color) {
       @include color($theme);
     }
+    @if inspection.theme-has($theme, density) {
+      @include density($theme);
+    }
+    @if inspection.theme-has($theme, typography) {
+      @include typography($theme);
+    }
   }
 }
diff --git a/src/material/core/ripple/_ripple.scss b/src/material/core/ripple/_ripple.scss
index ca5b93f709dc..e958e7b6f0e0 100644
--- a/src/material/core/ripple/_ripple.scss
+++ b/src/material/core/ripple/_ripple.scss
@@ -1,4 +1,6 @@
 @use '@angular/cdk';
+@use '../tokens/m2/mat/ripple' as tokens-mat-ripple;
+@use '../tokens/token-utils';
 
 @mixin ripple() {
   // The host element of an mat-ripple directive should always have a position of "absolute" or
@@ -35,6 +37,12 @@
     // the ripples aren't clipped when inside the shadow DOM (see #24028).
     transform: scale3d(0, 0, 0);
 
+    @include token-utils.use-tokens(
+      tokens-mat-ripple.$prefix, tokens-mat-ripple.get-token-slots()) {
+      // We have to emit a fallback value here, because some internal builds depend on it.
+      background-color: var(#{token-utils.get-token-variable(color)}, rgba(#000, 0.1));
+    }
+
     // In high contrast mode the ripple is opaque, causing it to obstruct the content.
     @include cdk.high-contrast(active, off) {
       display: none;
diff --git a/src/material/core/tokens/m2/mat/_ripple.scss b/src/material/core/tokens/m2/mat/_ripple.scss
new file mode 100644
index 000000000000..fdb31a365a4b
--- /dev/null
+++ b/src/material/core/tokens/m2/mat/_ripple.scss
@@ -0,0 +1,49 @@
+@use 'sass:meta';
+@use '../../token-utils';
+@use '../../../theming/inspection';
+@use '../../../style/sass-utils';
+
+// The prefix used to generate the fully qualified name for tokens in this file.
+$prefix: (mat, ripple);
+
+// Tokens that can't be configured through Angular Material's current theming API,
+// but may be in a future version of the theming API.
+@function get-unthemable-tokens() {
+  @return ();
+}
+
+// Tokens that can be configured through Angular Material's color theming API.
+@function get-color-tokens($theme) {
+  $is-dark: inspection.get-theme-type($theme) == dark;
+  $base: inspection.get-theme-color($theme, foreground, base);
+
+  // If the base is a color *type* we can use it directly in the `rgba` call below.
+  // If it's anything else (e.g. a CSS variable) we fall back to using static colors
+  // since we don't have a way of adjusting the opacity.
+  $color: if(meta.type-of($base) == color, $base, if($is-dark, #fff, #000));
+
+  @return (
+    color: rgba($color, 0.1),
+  );
+}
+
+// Tokens that can be configured through Angular Material's typography theming API.
+@function get-typography-tokens($theme) {
+  @return ();
+}
+
+// Tokens that can be configured through Angular Material's density theming API.
+@function get-density-tokens($theme) {
+  @return ();
+}
+
+// Combines the tokens generated by the above functions into a single map with placeholder values.
+// This is used to create token slots.
+@function get-token-slots() {
+  @return sass-utils.deep-merge-all(
+      get-unthemable-tokens(),
+      get-color-tokens(token-utils.$placeholder-color-config),
+      get-typography-tokens(token-utils.$placeholder-typography-config),
+      get-density-tokens(token-utils.$placeholder-density-config)
+  );
+}