diff --git a/dts/bindings/flash_controller/openisa,rv32m1-ftfe.yaml b/dts/bindings/flash_controller/openisa,rv32m1-ftfe.yaml
new file mode 100644
index 00000000000..f651fc04032
--- /dev/null
+++ b/dts/bindings/flash_controller/openisa,rv32m1-ftfe.yaml
@@ -0,0 +1,15 @@
+---
+title: OpenISA Flash Memory Module (FTFE)
+version: 0.1
+
+description: >
+    This binding gives for the OpenISA Flash Memory Module E (FTFE)
+
+inherits:
+    !include flash-controller.yaml
+
+properties:
+    compatible:
+      constraint: "openisa,rv32m1-ftfe"
+
+...
diff --git a/dts/riscv32/rv32m1.dtsi b/dts/riscv32/rv32m1.dtsi
index d762838c5ad..0710fbb2400 100644
--- a/dts/riscv32/rv32m1.dtsi
+++ b/dts/riscv32/rv32m1.dtsi
@@ -282,7 +282,7 @@
 		};
 
 		flash-controller@40023000 {
-			compatible = "nxp,kinetis-ftfe";
+			compatible = "openisa,rv32m1-ftfe";
 			label = "FLASH_CTRL";
 			reg = <0x40023000 0x18>;