Abstract: Disclosed herein is a reactive cold-applied thermoplastic bond coat system and method of application thereof. The system is a two- or three-component system defined by acrylate-based component(s) and an initiator suspension. Upon mixing of the components at the jobsite, the mixture is applied onto a substrate (e.g., waterproofing membrane), and a pavement material (e.g., asphalt) is applied onto the bond coat. Excellent asphalt compaction was observed, resulting in high surface contact area, along with very low water penetration to the bond coat interface. The high surface contact area and penetration of the asphalt into the bond coat provides a good bond between the asphalt and substrate.