diff --git a/vllm/config/model.py b/vllm/config/model.py
index 5de97697698a..655b7c995f6d 100644
--- a/vllm/config/model.py
+++ b/vllm/config/model.py
@@ -84,7 +84,7 @@
     "transcription",
     "draft",
 ]
-TokenizerMode = Literal["auto", "hf", "slow", "mistral"]
+TokenizerMode = Literal["auto", "hf", "slow", "mistral", "deepseek_v32"]
 ModelDType = Literal["auto", "half", "float16", "bfloat16", "float", "float32"]
 LogprobsMode = Literal[
     "raw_logits", "raw_logprobs", "processed_logits", "processed_logprobs"
@@ -141,6 +141,7 @@ class ModelConfig:
     - "hf" will use the fast tokenizer if available.\n
     - "slow" will always use the slow tokenizer.\n
     - "mistral" will always use the tokenizer from `mistral_common`.\n
+    - "deepseek_v32" will always use the tokenizer from `deepseek_v32`.\n
     - Other custom values can be supported via plugins."""
     trust_remote_code: bool = False
     """Trust remote code (e.g., from HuggingFace) when downloading the model
diff --git a/vllm/entrypoints/openai/serving_engine.py b/vllm/entrypoints/openai/serving_engine.py
index 1d89aa011af2..c34d598a325c 100644
--- a/vllm/entrypoints/openai/serving_engine.py
+++ b/vllm/entrypoints/openai/serving_engine.py
@@ -106,7 +106,7 @@
 from vllm.pooling_params import PoolingParams
 from vllm.reasoning import ReasoningParser, ReasoningParserManager
 from vllm.sampling_params import BeamSearchParams, SamplingParams
-from vllm.tokenizers import MistralTokenizer, TokenizerLike
+from vllm.tokenizers import DeepseekV32Tokenizer, MistralTokenizer, TokenizerLike
 from vllm.tracing import (
     contains_trace_headers,
     extract_trace_headers,
@@ -1129,6 +1129,13 @@ async def _preprocess_chat(
                 messages=messages,
                 **_chat_template_kwargs,
             )
+        elif isinstance(tokenizer, DeepseekV32Tokenizer):
+            request_prompt = tokenizer.apply_chat_template(
+                conversation=conversation,
+                messages=messages,
+                model_config=model_config,
+                **_chat_template_kwargs,
+            )
         else:
             request_prompt = apply_hf_chat_template(
                 tokenizer=tokenizer,
diff --git a/vllm/tokenizers/__init__.py b/vllm/tokenizers/__init__.py
index 42487f5f5165..67a6d7c8eb3d 100644
--- a/vllm/tokenizers/__init__.py
+++ b/vllm/tokenizers/__init__.py
@@ -1,6 +1,7 @@
 # SPDX-License-Identifier: Apache-2.0
 # SPDX-FileCopyrightText: Copyright contributors to the vLLM project
 
+from .deepseekv32 import DeepseekV32Tokenizer
 from .hf import HfTokenizer
 from .mistral import MistralTokenizer
 from .protocol import TokenizerLike
@@ -21,4 +22,5 @@
     "get_tokenizer",
     "cached_tokenizer_from_config",
     "init_tokenizer_from_config",
+    "DeepseekV32Tokenizer",
 ]
diff --git a/vllm/tokenizers/deepseek_v32_encoding.py b/vllm/tokenizers/deepseek_v32_encoding.py
new file mode 100644
index 000000000000..72f43395b192
--- /dev/null
+++ b/vllm/tokenizers/deepseek_v32_encoding.py
@@ -0,0 +1,456 @@
+# SPDX-License-Identifier: Apache-2.0
+# SPDX-FileCopyrightText: Copyright contributors to the vLLM project
+
+
+# copy from https://huggingface.co/deepseek-ai/DeepSeek-V3.2/blob/main/encoding/encoding_dsv32.py
+import copy
+import json
+import re
+from typing import Any
+
+# flake8: noqa: E501
+TOOLS_SYSTEM_TEMPLATE = """## Tools
+You have access to a set of tools you can use to answer the user's question.
+You can invoke functions by writing a "<{dsml_token}function_calls>" block like the following as part of your reply to the user:
+<{dsml_token}function_calls>
+<{dsml_token}invoke name="$FUNCTION_NAME">
+<{dsml_token}parameter name="$PARAMETER_NAME" string="true|false">$PARAMETER_VALUE</{dsml_token}parameter>
+...
+</{dsml_token}invoke>
+<{dsml_token}invoke name="$FUNCTION_NAME2">
+...
+</{dsml_token}invoke>
+</{dsml_token}function_calls>
+String and scalar parameters should be specified as is without any escaping or quotes, while lists and objects should use JSON format. The "string" attribute should be set to "true" for string type parameters and "false" for other types (numbers, booleans, arrays, objects).
+If the thinking_mode is enabled, then after function results you should strongly consider outputting a thinking block. Here is an example:
+<{dsml_token}function_calls>
+...
+</{dsml_token}function_calls>
+<function_results>
+...
+</function_results>
+{thinking_start_token}...thinking about results{thinking_end_token}
+Here are the functions available in JSONSchema format:
+<functions>
+{tool_schemas}
+</functions>
+"""
+
+bos_token: str = "<｜begin▁of▁sentence｜>"
+eos_token: str = "<｜end▁of▁sentence｜>"
+thinking_start_token: str = "<think>"
+thinking_end_token: str = "</think>"
+dsml_token: str = "｜DSML｜"
+system_msg_template: str = "{content}"
+user_msg_template: str = "<｜User｜>{content}<｜Assistant｜>"
+assistant_msg_template: str = "{reasoning}{content}{tool_calls}<｜end▁of▁sentence｜>"
+thinking_template = "{reasoning_content}"
+
+response_format_template: str = "## Response Format:\n\nYou MUST strictly adhere to the following schema to reply:\n{schema}"
+tool_call_template: str = (
+    '<{dsml_token}invoke name="{name}">\n{arguments}\n</{dsml_token}invoke>'
+)
+tool_calls_template = (
+    "<{dsml_token}function_calls>\n{tool_calls}\n</{dsml_token}function_calls>"
+)
+
+tool_output_template: str = "\n<result>{content}</result>"
+
+
+def to_json(value: Any) -> str:
+    try:
+        return json.dumps(value, ensure_ascii=False)
+    except Exception:
+        return json.dumps(value, ensure_ascii=True)
+
+
+def tools_from_openai_format(tools):
+    return [tool["function"] for tool in tools]
+
+
+def tool_calls_from_openai_format(tool_calls):
+    return [
+        {
+            "name": tool_call["function"]["name"],
+            "arguments": tool_call["function"]["arguments"],
+        }
+        for tool_call in tool_calls
+    ]
+
+
+def tool_calls_to_openai_format(tool_calls):
+    return [
+        {
+            "type": "function",
+            "function": {
+                "name": tool_call["name"],
+                "arguments": tool_call["arguments"],
+            },
+        }
+        for tool_call in tool_calls
+    ]
+
+
+def encode_arguments_to_dsml(tool_call: dict[str, str]) -> str:
+    p_dsml_template = """<{dsml_token}parameter name="{key}" string="{is_str}">{value}</{dsml_token}parameter>"""
+    P_dsml_strs = []
+
+    arguments = json.loads(tool_call["arguments"])
+
+    for k, v in arguments.items():
+        p_dsml_str = p_dsml_template.format(
+            dsml_token=dsml_token,
+            key=k,
+            is_str="true" if isinstance(v, str) else "false",
+            value=v if isinstance(v, str) else to_json(v),
+        )
+
+        P_dsml_strs.append(p_dsml_str)
+
+    return "\n".join(P_dsml_strs)
+
+
+def decode_dsml_to_arguments(
+    tool_name: str, tool_args: dict[str, tuple[str, str]]
+) -> dict[str, str]:
+    def _decode_value(key: str, value: str, string: str):
+        if string == "true":
+            value = to_json(value)
+        return f"{to_json(key)}: {value}"
+
+    tool_args_json = (
+        "{"
+        + ", ".join(
+            [_decode_value(k, v, string=is_str) for k, (v, is_str) in tool_args.items()]
+        )
+        + "}"
+    )
+    return dict(name=tool_name, arguments=tool_args_json)
+
+
+def render_tools(tools: list[dict[str, str | dict[str, Any]]]) -> str:
+    tools_json = [to_json(t) for t in tools]
+
+    return TOOLS_SYSTEM_TEMPLATE.format(
+        tool_schemas="\n".join(tools_json),
+        dsml_token=dsml_token,
+        thinking_start_token=thinking_start_token,
+        thinking_end_token=thinking_end_token,
+    )
+
+
+def find_last_user_index(messages: list[dict[str, Any]]) -> int:
+    last_user_index = -1
+    for idx in range(len(messages) - 1, -1, -1):
+        if messages[idx].get("role") in ["user", "developer"]:
+            last_user_index = idx
+            break
+    return last_user_index
+
+
+def render_message(
+    index: int, messages: list[dict[str, Any]], thinking_mode: str
+) -> str:
+    assert 0 <= index < len(messages)
+    assert thinking_mode in ["chat", "thinking"], (
+        f"Invalid thinking_mode `{thinking_mode}`"
+    )
+
+    prompt = ""
+    msg = messages[index]
+    last_user_idx = find_last_user_index(messages)
+
+    role = msg.get("role")
+    content = msg.get("content")
+    tools = msg.get("tools")
+    response_format = msg.get("response_format")
+    tool_calls = msg.get("tool_calls")
+    reasoning_content = msg.get("reasoning") or msg.get("reasoning_content")
+
+    if tools:
+        tools = tools_from_openai_format(tools)
+    if tool_calls:
+        tool_calls = tool_calls_from_openai_format(tool_calls)
+
+    if role == "system":
+        prompt += system_msg_template.format(content=content or "")
+        if tools:
+            prompt += "\n\n" + render_tools(tools)
+
+        if response_format:
+            prompt += "\n\n" + response_format_template.format(
+                schema=to_json(response_format)
+            )
+
+    elif role == "developer":
+        assert content, f"Invalid message for role `{role}`: {msg}"
+        content_developer = ""
+        if tools:
+            content_developer += "\n\n" + render_tools(tools)
+
+        if response_format:
+            content_developer += "\n\n" + response_format_template.format(
+                schema=to_json(response_format)
+            )
+
+        content_developer += "\n\n# The user's message is: {}".format(content)
+
+        prompt += user_msg_template.format(content=content_developer)
+        if index == last_user_idx and thinking_mode == "thinking":
+            prompt += thinking_start_token
+        else:
+            prompt += thinking_end_token
+
+    elif role == "user":
+        prompt += user_msg_template.format(content=content)
+
+        if index == last_user_idx and thinking_mode == "thinking":
+            prompt += thinking_start_token
+        else:
+            prompt += thinking_end_token
+
+    elif role == "tool":
+        prev_assistant_idx = index - 1
+        assistant_msg = messages[prev_assistant_idx]
+        while prev_assistant_idx >= 0 and assistant_msg.get("role") == "tool":
+            prev_assistant_idx -= 1
+            assistant_msg = messages[prev_assistant_idx]
+
+        assert (
+            index == 0
+            or prev_assistant_idx >= 0
+            and assistant_msg.get("role") == "assistant"
+        ), f"Invalid messages at {index}:\n{assistant_msg}"
+
+        tool_call_order = index - prev_assistant_idx
+        assistant_tool_calls = assistant_msg.get("tool_calls")
+        assert assistant_tool_calls and len(assistant_tool_calls) >= tool_call_order, (
+            "No tool calls but found tool output"
+        )
+
+        if tool_call_order == 1:
+            prompt += "\n\n<function_results>"
+
+        prompt += tool_output_template.format(content=content)
+
+        if tool_call_order == len(assistant_tool_calls):
+            prompt += "\n</function_results>"
+
+            if index >= last_user_idx and thinking_mode == "thinking":
+                prompt += "\n\n" + thinking_start_token
+            else:
+                prompt += "\n\n" + thinking_end_token
+
+    elif role == "assistant":
+        prev_assistant_idx = index
+        thinking_part = ""
+
+        tool_calls_content = ""
+        if tool_calls:
+            tool_calls = [
+                tool_call_template.format(
+                    dsml_token=dsml_token,
+                    name=tool_call.get("name"),
+                    arguments=encode_arguments_to_dsml(tool_call),
+                )
+                for tool_call in tool_calls
+            ]
+            tool_calls_content += "\n\n" + tool_calls_template.format(
+                dsml_token=dsml_token, tool_calls="\n".join(tool_calls)
+            )
+
+        summary_content = content or ""
+
+        if thinking_mode == "thinking" and index > last_user_idx:
+            assert reasoning_content or tool_calls, (
+                f"ThinkingMode: {thinking_mode}, invalid message without reasoning_content/tool_calls `{msg}` after last user message"
+            )
+            thinking_part = (
+                thinking_template.format(reasoning_content=reasoning_content or "")
+                + thinking_end_token
+            )
+
+        prompt += assistant_msg_template.format(
+            reasoning=thinking_part,
+            content=summary_content,
+            tool_calls=tool_calls_content,
+        )
+    else:
+        raise NotImplementedError(f"Unknown role: {role}")
+
+    return prompt
+
+
+def drop_thinking_messages(
+    messages: list[dict[str, Any]], last_user_idx: int | None = None
+) -> list[dict[str, Any]]:
+    messages_wo_thinking: list[dict[str, Any]] = []
+    last_user_idx = (
+        find_last_user_index(messages) if last_user_idx is None else last_user_idx
+    )
+    for idx, msg in enumerate(messages):
+        role = msg.get("role")
+        if role in ["user", "system", "tool"] or idx >= last_user_idx:
+            messages_wo_thinking.append(msg)
+            continue
+
+        elif role == "assistant":
+            msg_wo_thinking = copy.copy(msg)
+            msg_wo_thinking.pop("reasoning_content", None)
+            msg_wo_thinking.pop("reasoning", None)
+            messages_wo_thinking.append(msg_wo_thinking)
+
+    return messages_wo_thinking
+
+
+def encode_messages(
+    messages: list[dict[str, Any]],
+    thinking_mode: str,
+    context: list[dict[str, Any]] | None = None,
+    drop_thinking: bool = True,
+    add_default_bos_token: bool = True,
+) -> str:
+    context = context if context else []
+    full_messages = context + messages
+
+    prompt = bos_token if add_default_bos_token and len(context) == 0 else ""
+
+    if thinking_mode == "thinking" and drop_thinking:
+        full_messages = drop_thinking_messages(full_messages)
+
+    for idx in range(len(messages)):
+        prompt += render_message(
+            idx + len(context), full_messages, thinking_mode=thinking_mode
+        )
+
+    return prompt
+
+
+def _read_until_stop(
+    index: int, text: str, stop: list[str]
+) -> tuple[int, str, None | str]:
+    min_pos = len(text)
+    matched_stop = None
+
+    for s in stop:
+        pos = text.find(s, index)
+        if pos != -1 and pos < min_pos:
+            min_pos = pos
+            matched_stop = s
+
+    if matched_stop:
+        content = text[index:min_pos]
+        return min_pos + len(matched_stop), content, matched_stop
+    else:
+        content = text[index:]
+        return len(text), content, None
+
+
+def parse_tool_calls(index: int, text: str):
+    tool_calls: list[dict[str, Any]] = []
+    stop_token = None
+    tool_calls_end_token = f"</{dsml_token}function_calls>"
+
+    while index < len(text):
+        index, _, stop_token = _read_until_stop(
+            index, text, [f"<{dsml_token}invoke", tool_calls_end_token]
+        )
+        assert _ == ">\n", "Tool call format error"
+
+        if stop_token == tool_calls_end_token:
+            break
+
+        assert stop_token is not None, "Missing special token"
+
+        index, tool_name_content, stop_token = _read_until_stop(
+            index, text, [f"<{dsml_token}parameter", f"</{dsml_token}invoke"]
+        )
+
+        p_tool_name = re.findall(
+            r'^\s*name="(.*?)">\n$', tool_name_content, flags=re.DOTALL
+        )
+        assert len(p_tool_name) == 1, "Tool name format error"
+        tool_name = p_tool_name[0]
+
+        tool_args: dict[str, tuple[str, str]] = {}
+        while stop_token == f"<{dsml_token}parameter":
+            index, param_content, stop_token = _read_until_stop(
+                index, text, [f"/{dsml_token}parameter"]
+            )
+
+            param_kv = re.findall(
+                r'^ name="(.*?)" string="(true|false)">(.*?)<$',
+                param_content,
+                flags=re.DOTALL,
+            )
+            assert len(param_kv) == 1, "Parameter format error"
+            param_name, string, param_value = param_kv[0]
+
+            assert param_name not in tool_args, "Duplicate parameter name"
+            tool_args[param_name] = (param_value, string)
+
+            index, content, stop_token = _read_until_stop(
+                index, text, [f"<{dsml_token}parameter", f"</{dsml_token}invoke"]
+            )
+            assert content == ">\n", "Parameter format error"
+
+        tool_call = decode_dsml_to_arguments(tool_name=tool_name, tool_args=tool_args)
+        tool_calls.append(tool_call)
+
+    return index, stop_token, tool_calls
+
+
+# NOTE: This function is designed to parse only correctly
+# formatted string and will not attempt to correct malformed output
+# that may be generated by the model.
+def parse_message_from_completion_text(text: str, thinking_mode: str):
+    summary_content, reasoning_content, tool_calls = "", "", []
+    index, stop_token = 0, None
+    tool_calls_start_token = f"\n\n<{dsml_token}function_calls"
+
+    is_thinking, is_tool_calling = thinking_mode == "thinking", False
+
+    if is_thinking:
+        index, content_delta, stop_token = _read_until_stop(
+            index, text, [thinking_end_token, tool_calls_start_token]
+        )
+        reasoning_content = content_delta
+        assert stop_token == thinking_end_token, "Invalid thinking format"
+
+    index, content_delta, stop_token = _read_until_stop(
+        index, text, [eos_token, tool_calls_start_token]
+    )
+    summary_content = content_delta
+    if stop_token == tool_calls_start_token:
+        is_tool_calling = True
+    else:
+        assert stop_token == eos_token, "Invalid summary format"
+
+    if is_tool_calling:
+        index, stop_token, tool_calls = parse_tool_calls(index, text)
+
+        index, tool_ends_text, stop_token = _read_until_stop(index, text, [eos_token])
+        assert not tool_ends_text, "Unexpected content after tool calls"
+
+    assert len(text) == index and stop_token in [eos_token, None], (
+        "Unexpected content at end"
+    )
+
+    for sp_token in [
+        bos_token,
+        eos_token,
+        thinking_start_token,
+        thinking_end_token,
+        dsml_token,
+    ]:
+        assert sp_token not in summary_content and sp_token not in reasoning_content, (
+            "Unexpected special token in content"
+        )
+
+    return {
+        "role": "assistant",
+        "content": summary_content,
+        "reasoning_content": reasoning_content,
+        "reasoning": reasoning_content,
+        "tool_calls": tool_calls_to_openai_format(tool_calls),
+    }
diff --git a/vllm/tokenizers/deepseekv32.py b/vllm/tokenizers/deepseekv32.py
new file mode 100644
index 000000000000..7466ad4076bd
--- /dev/null
+++ b/vllm/tokenizers/deepseekv32.py
@@ -0,0 +1,148 @@
+# SPDX-License-Identifier: Apache-2.0
+# SPDX-FileCopyrightText: Copyright contributors to the vLLM project
+
+from pathlib import Path
+
+from transformers import BatchEncoding
+
+from .deepseek_v32_encoding import encode_messages
+from .hf import HfTokenizer, TokenizerLike
+from .registry import TokenizerRegistry
+
+
+@TokenizerRegistry.register("deepseek_v32")
+class DeepseekV32Tokenizer(HfTokenizer):
+    def __init__(self, tokenizer: TokenizerLike):
+        self.tokenizer = tokenizer
+        self.name_or_path = (
+            tokenizer.name_or_path if hasattr(tokenizer, "name_or_path") else ""
+        )
+
+    @classmethod
+    def from_pretrained(
+        cls,
+        path_or_repo_id: str | Path,
+        *args,
+        trust_remote_code: bool = False,
+        revision: str | None = None,
+        download_dir: str | None = None,
+        **kwargs,
+    ) -> "TokenizerLike":
+        tokenizer = super().from_pretrained(
+            path_or_repo_id,
+            *args,
+            trust_remote_code=trust_remote_code,
+            revision=revision,
+            download_dir=download_dir,
+            **kwargs,
+        )
+        return DeepseekV32Tokenizer(tokenizer)
+
+    def apply_chat_template(self, messages, tools=None, **kwargs):
+        thinking = kwargs.get("thinking", False)
+        thinking_mode = "thinking"
+        if not thinking:
+            thinking_mode = "chat"
+        messages = messages.copy()
+        drop_thinking = True
+        if tools is not None and len(tools) > 0:
+            messages.insert(0, {"role": "system"})
+            messages[0]["tools"] = tools
+            drop_thinking = False
+        encode_config = dict(thinking_mode=thinking_mode, drop_thinking=drop_thinking)
+        prompt_str = encode_messages(messages, **encode_config)  # type: ignore
+        return prompt_str
+
+    @property
+    def all_special_tokens(self) -> list[str]:
+        return self.tokenizer.all_special_tokens
+
+    @property
+    def all_special_ids(self) -> list[int]:
+        return self.tokenizer.all_special_ids
+
+    @property
+    def bos_token_id(self) -> int:
+        return self.tokenizer.bos_token_id
+
+    @property
+    def eos_token_id(self) -> int:
+        return self.tokenizer.eos_token_id
+
+    @property
+    def pad_token_id(self) -> int:
+        return self.tokenizer.pad_token_id
+
+    @property
+    def is_fast(self) -> bool:
+        return self.tokenizer.is_fast
+
+    @property
+    def vocab_size(self) -> int:
+        return self.tokenizer.vocab_size
+
+    @property
+    def max_token_id(self) -> int:
+        return self.tokenizer.max_token_id
+
+    @property
+    def truncation_side(self) -> str:
+        return self.tokenizer.truncation_side
+
+    def __hash__(self) -> int:
+        return hash(id(self))
+
+    def __len__(self) -> int:
+        # </think> is an added token in DeepseekV32 tokenizer
+        return self.vocab_size + len(self.get_added_vocab())
+
+    def __call__(
+        self,
+        text: str | list[str],
+        text_pair: str | None = None,
+        add_special_tokens: bool = True,
+        truncation: bool = False,
+        max_length: int | None = None,
+    ) -> "BatchEncoding":
+        return self.tokenizer(
+            text,
+            text_pair=text_pair,
+            add_special_tokens=add_special_tokens,
+            truncation=truncation,
+            max_length=max_length,
+        )
+
+    def get_vocab(self) -> dict[str, int]:
+        return self.tokenizer.get_vocab()
+
+    def get_added_vocab(self) -> dict[str, int]:
+        return self.tokenizer.get_added_vocab()
+
+    def encode(
+        self,
+        text: str,
+        truncation: bool | None = None,
+        max_length: int | None = None,
+        add_special_tokens: bool = True,
+    ) -> list[int]:
+        return self.tokenizer.encode(
+            text,
+            truncation=truncation,
+            max_length=max_length,
+            add_special_tokens=add_special_tokens,
+        )
+
+    def convert_tokens_to_string(self, tokens: list[str]) -> str:
+        return self.tokenizer.convert_tokens_to_string(tokens)
+
+    def decode(self, ids: list[int] | int, skip_special_tokens: bool = False) -> str:
+        return self.tokenizer.decode(ids, skip_special_tokens=skip_special_tokens)
+
+    def convert_ids_to_tokens(
+        self,
+        ids: list[int],
+        skip_special_tokens: bool = False,
+    ) -> list[str]:
+        return self.tokenizer.convert_ids_to_tokens(
+            ids, skip_special_tokens=skip_special_tokens
+        )