diff --git a/src/alloy/backend/x64/lir/lir_builder.cc b/src/alloy/backend/x64/lir/lir_builder.cc
index 5cbecf845..20e78d7f9 100644
--- a/src/alloy/backend/x64/lir/lir_builder.cc
+++ b/src/alloy/backend/x64/lir/lir_builder.cc
@@ -72,7 +72,7 @@ void LIRBuilder::Dump(StringBuffer* str) {
         continue;
       }
       if (i->opcode == &LIR_OPCODE_COMMENT_info) {
-        str->Append("  ; %s\n", (char*)i->arg[0].i64);
+        str->Append("  ; %s\n", i->arg[0].string);
         i = i->next;
         continue;
       }
@@ -189,7 +189,19 @@ LIRInstr* LIRBuilder::AppendInstr(
 }
 
 void LIRBuilder::Comment(const char* format, ...) {
+  char buffer[1024];
+  va_list args;
+  va_start(args, format);
+  xevsnprintfa(buffer, 1024, format, args);
+  va_end(args);
+  size_t len = xestrlena(buffer);
+  if (!len) {
+    return;
+  }
+  void* p = arena_->Alloc(len + 1);
+  xe_copy_struct(p, buffer, len + 1);
   auto instr = AppendInstr(LIR_OPCODE_COMMENT_info);
+  instr->arg[0].string = (char*)p;
 }
 
 void LIRBuilder::Nop() {
diff --git a/src/alloy/backend/x64/lir/lir_instr.h b/src/alloy/backend/x64/lir/lir_instr.h
index a10c981c3..6d3841f4c 100644
--- a/src/alloy/backend/x64/lir/lir_instr.h
+++ b/src/alloy/backend/x64/lir/lir_instr.h
@@ -76,6 +76,7 @@ typedef union {
   float       f32;
   double      f64;
   uint64_t    offset;
+  char*       string;
 } LIROperand;
 
 
diff --git a/src/alloy/backend/x64/lowering/lowering_table.cc b/src/alloy/backend/x64/lowering/lowering_table.cc
index 5c874fa70..8073aa053 100644
--- a/src/alloy/backend/x64/lowering/lowering_table.cc
+++ b/src/alloy/backend/x64/lowering/lowering_table.cc
@@ -55,8 +55,13 @@ int LoweringTable::Process(
   while (hir_block) {
     auto hir_label = hir_block->label_head;
     while (hir_label) {
-      // TODO(benvanik): copy name to LIR label.
-      hir_label->tag = lir_builder->NewLabel();
+      auto lir_label = lir_builder->NewLabel();
+      if (hir_label->name) {
+        size_t label_len = xestrlena(hir_label->name);
+        lir_label->name = (char*)lir_builder->arena()->Alloc(label_len + 1);
+        xe_copy_struct(lir_label->name, hir_label->name, label_len + 1);
+      }
+      hir_label->tag = lir_label;
       hir_label = hir_label->next;
     }
     hir_block = hir_block->next;
diff --git a/src/alloy/backend/x64/sources.gypi b/src/alloy/backend/x64/sources.gypi
index d63c6c415..22c367a09 100644
--- a/src/alloy/backend/x64/sources.gypi
+++ b/src/alloy/backend/x64/sources.gypi
@@ -6,6 +6,8 @@
     'x64_assembler.h',
     'x64_backend.cc',
     'x64_backend.h',
+    'x64_code_cache.cc',
+    'x64_code_cache.h',
     'x64_emitter.cc',
     'x64_emitter.h',
     'x64_function.cc',
diff --git a/src/alloy/backend/x64/x64_assembler.cc b/src/alloy/backend/x64/x64_assembler.cc
index aa76dad27..810f888a0 100644
--- a/src/alloy/backend/x64/x64_assembler.cc
+++ b/src/alloy/backend/x64/x64_assembler.cc
@@ -73,7 +73,6 @@ int X64Assembler::Initialize() {
 void X64Assembler::Reset() {
   builder_->Reset();
   optimizer_->Reset();
-  emitter_->Reset();
   string_buffer_.Reset();
   Assembler::Reset();
 }
@@ -107,13 +106,14 @@ int X64Assembler::Assemble(
   }
 
   // Emit machine code.
-  // TODO(benvanik): machine code.
-  //result = emitter_->Emit(builder_, &machine_code, &length);
+  void* machine_code = 0;
+  size_t code_size = 0;
+  result = emitter_->Emit(builder_, machine_code, code_size);
   XEEXPECTZERO(result);
 
   // Stash generated machine code.
   if (debug_info) {
-    DumpMachineCode(&string_buffer_);
+    DumpMachineCode(machine_code, code_size, &string_buffer_);
     debug_info->set_machine_code_disasm(string_buffer_.ToString());
     string_buffer_.Reset();
   }
@@ -132,19 +132,20 @@ XECLEANUP:
   return result;
 }
 
-void X64Assembler::DumpMachineCode(StringBuffer* str) {
+void X64Assembler::DumpMachineCode(
+    void* machine_code, size_t code_size, StringBuffer* str) {
   BE::DISASM disasm;
   xe_zero_struct(&disasm, sizeof(disasm));
   disasm.Archi = 64;
   disasm.Options = BE::Tabulation + BE::MasmSyntax + BE::PrefixedNumeral;
-  disasm.EIP = 0;// (BE::UIntPtr)assembler_.getCode();
-  BE::UIntPtr eip_end = 0;// assembler_.getCode() + assembler_.getCodeSize();
+  disasm.EIP = (BE::UIntPtr)machine_code;
+  BE::UIntPtr eip_end = disasm.EIP + code_size;
   while (disasm.EIP < eip_end) {
     size_t len = BE::Disasm(&disasm);
     if (len == BE::UNKNOWN_OPCODE) {
       break;
     }
-    str->Append("%p  %s", disasm.EIP, disasm.CompleteInstr);
+    str->Append("%p  %s\n", disasm.EIP, disasm.CompleteInstr);
     disasm.EIP += len;
   }
 }
diff --git a/src/alloy/backend/x64/x64_assembler.h b/src/alloy/backend/x64/x64_assembler.h
index 456caa5d9..bfb8d557c 100644
--- a/src/alloy/backend/x64/x64_assembler.h
+++ b/src/alloy/backend/x64/x64_assembler.h
@@ -39,7 +39,7 @@ public:
       runtime::DebugInfo* debug_info, runtime::Function** out_function);
 
 private:
-  void DumpMachineCode(StringBuffer* str);
+  void DumpMachineCode(void* machine_code, size_t code_size, StringBuffer* str);
 
 private:
   X64Backend*           x64_backend_;
diff --git a/src/alloy/backend/x64/x64_backend.cc b/src/alloy/backend/x64/x64_backend.cc
index 947626497..560328750 100644
--- a/src/alloy/backend/x64/x64_backend.cc
+++ b/src/alloy/backend/x64/x64_backend.cc
@@ -11,6 +11,7 @@
 
 #include <alloy/backend/x64/tracing.h>
 #include <alloy/backend/x64/x64_assembler.h>
+#include <alloy/backend/x64/x64_code_cache.h>
 #include <alloy/backend/x64/lowering/lowering_table.h>
 #include <alloy/backend/x64/lowering/lowering_sequences.h>
 
@@ -22,7 +23,7 @@ using namespace alloy::runtime;
 
 
 X64Backend::X64Backend(Runtime* runtime) :
-    lowering_table_(0),
+    code_cache_(0), lowering_table_(0),
     Backend(runtime) {
 }
 
@@ -30,6 +31,7 @@ X64Backend::~X64Backend() {
   alloy::tracing::WriteEvent(EventType::Deinit({
   }));
   delete lowering_table_;
+  delete code_cache_;
 }
 
 int X64Backend::Initialize() {
@@ -38,6 +40,12 @@ int X64Backend::Initialize() {
     return result;
   }
 
+  code_cache_ = new X64CodeCache();
+  result = code_cache_->Initialize();
+  if (result) {
+    return result;
+  }
+
   lowering_table_ = new LoweringTable(this);
   RegisterSequences(lowering_table_);
 
diff --git a/src/alloy/backend/x64/x64_backend.h b/src/alloy/backend/x64/x64_backend.h
index f6f7f13b8..b10f7e571 100644
--- a/src/alloy/backend/x64/x64_backend.h
+++ b/src/alloy/backend/x64/x64_backend.h
@@ -19,6 +19,7 @@ namespace alloy {
 namespace backend {
 namespace x64 {
 
+class X64CodeCache;
 namespace lowering { class LoweringTable; }
 
 
@@ -30,6 +31,7 @@ public:
   X64Backend(runtime::Runtime* runtime);
   virtual ~X64Backend();
 
+  X64CodeCache* code_cache() const { return code_cache_; }
   lowering::LoweringTable* lowering_table() const { return lowering_table_; }
 
   virtual int Initialize();
@@ -37,6 +39,7 @@ public:
   virtual Assembler* CreateAssembler();
 
 private:
+  X64CodeCache* code_cache_;
   lowering::LoweringTable* lowering_table_;
 };
 
diff --git a/src/alloy/backend/x64/x64_code_cache.cc b/src/alloy/backend/x64/x64_code_cache.cc
new file mode 100644
index 000000000..5db2dfbb4
--- /dev/null
+++ b/src/alloy/backend/x64/x64_code_cache.cc
@@ -0,0 +1,88 @@
+/**
+ ******************************************************************************
+ * Xenia : Xbox 360 Emulator Research Project                                 *
+ ******************************************************************************
+ * Copyright 2013 Ben Vanik. All rights reserved.                             *
+ * Released under the BSD license - see LICENSE in the root for more details. *
+ ******************************************************************************
+ */
+
+#include <alloy/backend/x64/x64_code_cache.h>
+
+#include <alloy/backend/x64/tracing.h>
+
+using namespace alloy;
+using namespace alloy::backend;
+using namespace alloy::backend::x64;
+
+
+X64CodeCache::X64CodeCache(size_t chunk_size) :
+    chunk_size_(chunk_size),
+    head_chunk_(NULL), active_chunk_(NULL) {
+  lock_ = AllocMutex();
+}
+
+X64CodeCache::~X64CodeCache() {
+  LockMutex(lock_);
+  auto chunk = head_chunk_;
+  while (chunk) {
+    auto next = chunk->next;
+    delete chunk;
+    chunk = next;
+  }
+  head_chunk_ = NULL;
+  UnlockMutex(lock_);
+  FreeMutex(lock_);
+}
+
+int X64CodeCache::Initialize() {
+  return 0;
+}
+
+void* X64CodeCache::PlaceCode(void* machine_code, size_t code_size) {
+  // Always move the code to land on 16b alignment. We do this by rounding up
+  // to 16b so that all offsets are aligned.
+  code_size = XEROUNDUP(code_size, 16);
+
+  LockMutex(lock_);
+
+  if (active_chunk_) {
+    if (active_chunk_->capacity - active_chunk_->offset < code_size) {
+      auto next = active_chunk_->next;
+      if (!next) {
+        XEASSERT(code_size < chunk_size_); // need to support larger chunks
+        next = new CodeChunk(chunk_size_);
+        active_chunk_->next = next;
+      }
+      active_chunk_ = next;
+    }
+  } else {
+    head_chunk_ = active_chunk_ = new CodeChunk(chunk_size_);
+  }
+
+  void* final_address = active_chunk_->buffer + active_chunk_->offset;
+  active_chunk_->offset += code_size;
+
+  UnlockMutex(lock_);
+
+  xe_copy_struct(final_address, machine_code, code_size);
+
+  // This isn't needed on x64 (probably), but is convention.
+  FlushInstructionCache(GetCurrentProcess(), final_address, code_size);
+  return final_address;
+}
+
+X64CodeCache::CodeChunk::CodeChunk(size_t chunk_size) :
+    next(NULL),
+    capacity(chunk_size), buffer(0), offset(0) {
+  buffer = (uint8_t*)VirtualAlloc(
+      NULL, capacity,
+      MEM_RESERVE | MEM_COMMIT,
+      PAGE_EXECUTE_READWRITE);
+}
+
+X64CodeCache::CodeChunk::~CodeChunk() {
+  if (buffer) {
+    VirtualFree(buffer, 0, MEM_RELEASE);
+  }
+}
diff --git a/src/alloy/backend/x64/x64_code_cache.h b/src/alloy/backend/x64/x64_code_cache.h
new file mode 100644
index 000000000..45dfe40e8
--- /dev/null
+++ b/src/alloy/backend/x64/x64_code_cache.h
@@ -0,0 +1,60 @@
+/**
+ ******************************************************************************
+ * Xenia : Xbox 360 Emulator Research Project                                 *
+ ******************************************************************************
+ * Copyright 2013 Ben Vanik. All rights reserved.                             *
+ * Released under the BSD license - see LICENSE in the root for more details. *
+ ******************************************************************************
+ */
+
+#ifndef ALLOY_BACKEND_X64_X64_CODE_CACHE_H_
+#define ALLOY_BACKEND_X64_X64_CODE_CACHE_H_
+
+#include <alloy/core.h>
+
+
+namespace alloy {
+namespace backend {
+namespace x64 {
+
+
+class X64CodeCache {
+public:
+  X64CodeCache(size_t chunk_size = DEFAULT_CHUNK_SIZE);
+  virtual ~X64CodeCache();
+
+  int Initialize();
+
+  // TODO(benvanik): ELF serialization/etc
+  // TODO(benvanik): keep track of code blocks
+  // TODO(benvanik): padding/guards/etc
+
+  void* PlaceCode(void* machine_code, size_t code_size);
+
+private:
+  class CodeChunk {
+  public:
+    CodeChunk(size_t chunk_size);
+    ~CodeChunk();
+  public:
+    CodeChunk*  next;
+    size_t      capacity;
+    uint8_t*    buffer;
+    size_t      offset;
+  };
+
+private:
+  static const size_t DEFAULT_CHUNK_SIZE = 4 * 1024 * 1024;
+  Mutex*      lock_;
+  size_t      chunk_size_;
+  CodeChunk*  head_chunk_;
+  CodeChunk*  active_chunk_;
+};
+
+
+}  // namespace x64
+}  // namespace backend
+}  // namespace alloy
+
+
+#endif  // ALLOY_BACKEND_X64_X64_CODE_CACHE_H_
diff --git a/src/alloy/backend/x64/x64_emitter.cc b/src/alloy/backend/x64/x64_emitter.cc
index 274fbeae4..a0fdf33ae 100644
--- a/src/alloy/backend/x64/x64_emitter.cc
+++ b/src/alloy/backend/x64/x64_emitter.cc
@@ -10,23 +10,98 @@
 #include <alloy/backend/x64/x64_emitter.h>
 
 #include <alloy/backend/x64/x64_backend.h>
+#include <alloy/backend/x64/x64_code_cache.h>
+#include <alloy/backend/x64/lir/lir_builder.h>
+
+#include <third_party/xbyak/xbyak/xbyak.h>
 
 using namespace alloy;
 using namespace alloy::backend;
 using namespace alloy::backend::x64;
+using namespace alloy::backend::x64::lir;
 using namespace alloy::runtime;
 
+using namespace Xbyak;
+
+
+namespace alloy {
+namespace backend {
+namespace x64 {
+
+class XbyakAllocator : public Allocator {
+public:
+	virtual bool useProtect() const { return false; }
+};
+
+class XbyakGenerator : public CodeGenerator {
+public:
+  XbyakGenerator(XbyakAllocator* allocator);
+  virtual ~XbyakGenerator();
+  void* Emplace(X64CodeCache* code_cache);
+  int Emit(LIRBuilder* builder);
+private:
+};
+
+}  // namespace x64
+}  // namespace backend
+}  // namespace alloy
+
 
 X64Emitter::X64Emitter(X64Backend* backend) :
-    backend_(backend) {
+    backend_(backend),
+    code_cache_(backend->code_cache()) {
+  allocator_ = new XbyakAllocator();
+  generator_ = new XbyakGenerator(allocator_);
 }
 
 X64Emitter::~X64Emitter() {
+  delete generator_;
+  delete allocator_;
 }
 
 int X64Emitter::Initialize() {
   return 0;
 }
 
-void X64Emitter::Reset() {
+int X64Emitter::Emit(
+    LIRBuilder* builder, void*& out_code_address, size_t& out_code_size) {
+  // Fill the generator with code.
+  int result = generator_->Emit(builder);
+  if (result) {
+    return result;
+  }
+
+  // Copy the final code to the cache and relocate it.
+  out_code_size = generator_->getSize();
+  out_code_address = generator_->Emplace(code_cache_);
+
+  return 0;
+}
+
+XbyakGenerator::XbyakGenerator(XbyakAllocator* allocator) :
+    CodeGenerator(1 * 1024 * 1024, AutoGrow, allocator) {
+}
+
+XbyakGenerator::~XbyakGenerator() {
+}
+
+void* XbyakGenerator::Emplace(X64CodeCache* code_cache) {
+  // To avoid changing xbyak, we do a switcharoo here.
+  // top_ points to the Xbyak buffer, and since we are in AutoGrow mode
+  // it has pending relocations. We copy the top_ to our buffer, swap the
+  // pointer, relocate, then return the original scratch pointer for use.
+  uint8_t* old_address = top_;
+  void* new_address = code_cache->PlaceCode(top_, size_);
+  top_ = (uint8_t*)new_address;
+  ready();
+  top_ = old_address;
+  reset();
+  return new_address;
+}
+
+int XbyakGenerator::Emit(LIRBuilder* builder) {
+  //
+  xor(rax, rax);
+  ret();
+  return 0;
 }
diff --git a/src/alloy/backend/x64/x64_emitter.h b/src/alloy/backend/x64/x64_emitter.h
index ea082513f..aec1fc0f9 100644
--- a/src/alloy/backend/x64/x64_emitter.h
+++ b/src/alloy/backend/x64/x64_emitter.h
@@ -18,7 +18,11 @@ namespace backend {
 namespace x64 {
 
 class X64Backend;
+class X64CodeCache;
+namespace lir { class LIRBuilder; }
 
+class XbyakAllocator;
+class XbyakGenerator;
 
 class X64Emitter {
 public:
@@ -27,10 +31,14 @@ public:
 
   int Initialize();
 
-  void Reset();
+  int Emit(lir::LIRBuilder* builder,
+           void*& out_code_address, size_t& out_code_size);
 
 private:
-  X64Backend* backend_;
+  X64Backend*     backend_;
+  X64CodeCache*   code_cache_;
+  XbyakAllocator* allocator_;
+  XbyakGenerator* generator_;
 };