diff --git a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt
index da15158f9de..fa7eeb1cd56 100644
--- a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt
+++ b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2Native.kt
@@ -319,15 +319,6 @@ class K2Native : CLICompiler<K2NativeCompilerArguments>() {
                     configuration.report(ERROR, "-Xgc-aggressive is only supported for -memory-model experimental")
                 }
                 put(GARBAGE_COLLECTOR_AGRESSIVE, arguments.gcAggressive)
-                put(RUNTIME_ASSERTS_MODE, when (arguments.runtimeAssertsMode) {
-                    "ignore" -> RuntimeAssertsMode.IGNORE
-                    "log" -> RuntimeAssertsMode.LOG
-                    "panic" -> RuntimeAssertsMode.PANIC
-                    else -> {
-                        configuration.report(ERROR, "Unsupported runtime asserts mode ${arguments.runtimeAssertsMode}")
-                        RuntimeAssertsMode.IGNORE
-                    }
-                })
                 put(PROPERTY_LAZY_INITIALIZATION, when (arguments.propertyLazyInitialization) {
                     null -> {
                         when (memoryModel) {
diff --git a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt
index c3199cfb632..aa43263d282 100644
--- a/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt
+++ b/kotlin-native/backend.native/cli.bc/src/org/jetbrains/kotlin/cli/bc/K2NativeCompilerArguments.kt
@@ -326,9 +326,6 @@ class K2NativeCompilerArguments : CommonCompilerArguments() {
     @Argument(value = "-Xir-property-lazy-initialization", valueDescription = "{disable|enable}", description = "Initialize top level properties lazily per file")
     var propertyLazyInitialization: String? = null
 
-    @Argument(value="-Xruntime-asserts-mode", valueDescription = "<mode>", description = "Enable asserts in runtime. Possible values: 'ignore', 'log', 'panic'")
-    var runtimeAssertsMode: String? = "ignore"
-
     // TODO: Remove when legacy MM is gone.
     @Argument(
             value = "-Xworker-exception-handling",
diff --git a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/BinaryOptions.kt b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/BinaryOptions.kt
index c802058b7a6..88ffa1bd1d1 100644
--- a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/BinaryOptions.kt
+++ b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/BinaryOptions.kt
@@ -12,6 +12,7 @@ import kotlin.properties.ReadOnlyProperty
 // Note: options defined in this class are a part of user interface, including the names:
 // users can pass these options using a -Xbinary=name=value compiler argument or corresponding Gradle DSL.
 object BinaryOptions : BinaryOptionRegistry() {
+    val runtimeAssertionsMode by option<RuntimeAssertsMode>()
 }
 
 open class BinaryOption<T : Any>(
diff --git a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfig.kt b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfig.kt
index 793fdd02f76..00daa0a4cf1 100644
--- a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfig.kt
+++ b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfig.kt
@@ -60,7 +60,7 @@ class KonanConfig(val project: Project, val configuration: CompilerConfiguration
     val destroyRuntimeMode: DestroyRuntimeMode get() = configuration.get(KonanConfigKeys.DESTROY_RUNTIME_MODE)!!
     val gc: GC get() = configuration.get(KonanConfigKeys.GARBAGE_COLLECTOR)!!
     val gcAggressive: Boolean get() = configuration.get(KonanConfigKeys.GARBAGE_COLLECTOR_AGRESSIVE)!!
-    val runtimeAssertsMode: RuntimeAssertsMode get() = configuration.get(KonanConfigKeys.RUNTIME_ASSERTS_MODE)!!
+    val runtimeAssertsMode: RuntimeAssertsMode get() = configuration.get(BinaryOptions.runtimeAssertionsMode) ?: RuntimeAssertsMode.IGNORE
     val workerExceptionHandling: WorkerExceptionHandling get() = configuration.get(KonanConfigKeys.WORKER_EXCEPTION_HANDLING)!!
 
     val needVerifyIr: Boolean
diff --git a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfigurationKeys.kt b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfigurationKeys.kt
index c8367ba43b1..0d7aab67428 100644
--- a/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfigurationKeys.kt
+++ b/kotlin-native/backend.native/compiler/ir/backend.native/src/org/jetbrains/kotlin/backend/konan/KonanConfigurationKeys.kt
@@ -161,7 +161,6 @@ class KonanConfigKeys {
         val GARBAGE_COLLECTOR: CompilerConfigurationKey<GC> = CompilerConfigurationKey.create("gc")
         val GARBAGE_COLLECTOR_AGRESSIVE: CompilerConfigurationKey<Boolean> = CompilerConfigurationKey.create("turn on agressive GC mode")
         val CHECK_LLD_COMPATIBILITY: CompilerConfigurationKey<Boolean> = CompilerConfigurationKey.create("check compatibility with LLD")
-        val RUNTIME_ASSERTS_MODE: CompilerConfigurationKey<RuntimeAssertsMode> = CompilerConfigurationKey.create("enable runtime asserts")
         val PROPERTY_LAZY_INITIALIZATION: CompilerConfigurationKey<Boolean>
                 = CompilerConfigurationKey.create("lazy top level properties initialization")
         val WORKER_EXCEPTION_HANDLING: CompilerConfigurationKey<WorkerExceptionHandling> = CompilerConfigurationKey.create("unhandled exception processing in Worker.executeAfter")
diff --git a/kotlin-native/backend.native/tests/build.gradle b/kotlin-native/backend.native/tests/build.gradle
index c00bafbc431..22e743ba237 100644
--- a/kotlin-native/backend.native/tests/build.gradle
+++ b/kotlin-native/backend.native/tests/build.gradle
@@ -120,11 +120,11 @@ if (ext.isExperimentalMM) {
 // TODO: It also makes sense to test -g without asserts, and also to test -opt with asserts.
 if (project.globalTestArgs.contains("-g")) {
     tasks.withType(KonanCompileNativeBinary.class).configureEach {
-        extraOpts "-Xruntime-asserts-mode=panic"
+        extraOpts "-Xbinary=runtimeAssertionsMode=panic"
     }
 
     tasks.withType(RunExternalTestGroup.class).configureEach {
-        flags = (flags ?: []) + "-Xruntime-asserts-mode=panic"
+        flags = (flags ?: []) + "-Xbinary=runtimeAssertionsMode=panic"
     }
 }