diff --git a/src/components/sbb-loading-indicator/readme.md b/src/components/sbb-loading-indicator/readme.md
index 3b7275bcb9..e7a5abbe51 100644
--- a/src/components/sbb-loading-indicator/readme.md
+++ b/src/components/sbb-loading-indicator/readme.md
@@ -44,11 +44,12 @@ and then append the `sbb-loading-indicator` on it after giving it the correct `a
 
 ## Properties
 
-| Property           | Attribute           | Description                                                                                       | Type                   | Default     |
-| ------------------ | ------------------- | ------------------------------------------------------------------------------------------------- | ---------------------- | ----------- |
-| `disableAnimation` | `disable-animation` | Whether the animation is enabled.                                                                 | `boolean`              | `false`     |
-| `size`             | `size`              | Size variant, either s or m.                                                                      | `"l" \| "s"`           | `'s'`       |
-| `variant`          | `variant`           | Variant of the loading indicator; `circle` is meant to be used inline, while `window` as overlay. | `"circle" \| "window"` | `undefined` |
+| Property           | Attribute           | Description                                                                                       | Type                              | Default     |
+| ------------------ | ------------------- | ------------------------------------------------------------------------------------------------- | --------------------------------- | ----------- |
+| `color`            | `color`             | Color variant.                                                                                    | `"default" \| "smoke" \| "white"` | `'default'` |
+| `disableAnimation` | `disable-animation` | Whether the animation is enabled.                                                                 | `boolean`                         | `false`     |
+| `size`             | `size`              | Size variant, either s or m.                                                                      | `"l" \| "s"`                      | `'s'`       |
+| `variant`          | `variant`           | Variant of the loading indicator; `circle` is meant to be used inline, while `window` as overlay. | `"circle" \| "window"`            | `undefined` |
 
 
 ----------------------------------------------
diff --git a/src/components/sbb-loading-indicator/sbb-loading-indicator.custom.d.ts b/src/components/sbb-loading-indicator/sbb-loading-indicator.custom.d.ts
index 5adaf25ad1..f31546fa76 100644
--- a/src/components/sbb-loading-indicator/sbb-loading-indicator.custom.d.ts
+++ b/src/components/sbb-loading-indicator/sbb-loading-indicator.custom.d.ts
@@ -1,4 +1,5 @@
 export interface InterfaceSbbLoadingIndicatorAttributes {
   variant: 'window' | 'circle';
   size: 's' | 'l';
+  color: 'default' | 'smoke' | 'white';
 }
diff --git a/src/components/sbb-loading-indicator/sbb-loading-indicator.scss b/src/components/sbb-loading-indicator/sbb-loading-indicator.scss
index 97e1419764..142c7661c9 100644
--- a/src/components/sbb-loading-indicator/sbb-loading-indicator.scss
+++ b/src/components/sbb-loading-indicator/sbb-loading-indicator.scss
@@ -15,6 +15,14 @@
   --sbb-loading-indicator-duration: 0;
 }
 
+:host([color='smoke']) {
+  --sbb-loading-indicator-color: var(--sbb-color-smoke-default);
+}
+
+:host([color='white']) {
+  --sbb-loading-indicator-color: var(--sbb-color-white-default);
+}
+
 :host([variant='circle']) {
   --sbb-loading-indicator-height: var(--sbb-size-icon-ui-small);
   --sbb-loading-indicator-width: var(--sbb-size-icon-ui-small);
@@ -31,6 +39,10 @@
   --sbb-loading-indicator-circle-animated-border-radius: 50%;
 }
 
+:host([color='white'][variant='circle']) {
+  --sbb-loading-indicator-background-color: var(--sbb-color-iron-default);
+}
+
 :host([variant='circle']) .sbb-loading-indicator {
   display: inline-flex;
   height: auto;
@@ -85,6 +97,12 @@
   }
 }
 
+:host([color='white'][variant='circle']) .sbb-loading-indicator__animated-element::after {
+  @include sbb.if-forced-colors {
+    --sbb-loading-indicator-color: var(--sbb-color-white-default);
+  }
+}
+
 :host([variant='window']) {
   --sbb-loading-indicator-height: sbb.px-to-rem-build(32);
   --sbb-loading-indicator-width: sbb.px-to-rem-build(55);
diff --git a/src/components/sbb-loading-indicator/sbb-loading-indicator.spec.ts b/src/components/sbb-loading-indicator/sbb-loading-indicator.spec.ts
index 8180559910..9cfc6f64aa 100644
--- a/src/components/sbb-loading-indicator/sbb-loading-indicator.spec.ts
+++ b/src/components/sbb-loading-indicator/sbb-loading-indicator.spec.ts
@@ -9,7 +9,61 @@ describe('sbb-loading-indicator', () => {
     });
 
     expect(root).toEqualHtml(`
-      <sbb-loading-indicator variant="window" size="m" role="progressbar" aria-busy='true'>
+      <sbb-loading-indicator variant="window" size="m" color="default" role="progressbar" aria-busy='true'>
+        <mock:shadow-root>
+          <span class="sbb-loading-indicator">
+            <span class="sbb-loading-indicator__animated-element">
+              <span>
+                <span>
+                  <span></span>
+                  <span></span>
+                  <span></span>
+                  <span></span>
+                  <span></span>
+                </span>
+              </span>
+            </span>
+          </span>
+        </mock:shadow-root>
+      </sbb-loading-indicator>
+    `);
+  });
+
+  it('renders with variant `window` and color smoke', async () => {
+    const { root } = await newSpecPage({
+      components: [SbbLoadingIndicator],
+      html: '<sbb-loading-indicator variant="window" size="m" color="smoke"/>',
+    });
+
+    expect(root).toEqualHtml(`
+      <sbb-loading-indicator variant="window" size="m" color="smoke" role="progressbar" aria-busy='true'>
+        <mock:shadow-root>
+          <span class="sbb-loading-indicator">
+            <span class="sbb-loading-indicator__animated-element">
+              <span>
+                <span>
+                  <span></span>
+                  <span></span>
+                  <span></span>
+                  <span></span>
+                  <span></span>
+                </span>
+              </span>
+            </span>
+          </span>
+        </mock:shadow-root>
+      </sbb-loading-indicator>
+    `);
+  });
+
+  it('renders with variant `window` and color white', async () => {
+    const { root } = await newSpecPage({
+      components: [SbbLoadingIndicator],
+      html: '<sbb-loading-indicator variant="window" size="m" color="white"/>',
+    });
+
+    expect(root).toEqualHtml(`
+      <sbb-loading-indicator variant="window" size="m" color="white" role="progressbar" aria-busy='true'>
         <mock:shadow-root>
           <span class="sbb-loading-indicator">
             <span class="sbb-loading-indicator__animated-element">
@@ -36,7 +90,41 @@ describe('sbb-loading-indicator', () => {
     });
 
     expect(root).toEqualHtml(`
-      <sbb-loading-indicator variant="circle" size="s" role="progressbar" aria-busy="true">
+      <sbb-loading-indicator variant="circle" size="s" color="default" role="progressbar" aria-busy="true">
+        <mock:shadow-root>
+          <span class="sbb-loading-indicator">
+            <span class="sbb-loading-indicator__animated-element"></span>
+          </span>
+        </mock:shadow-root>
+      </sbb-loading-indicator>
+    `);
+  });
+
+  it('renders with variant `circle` and color smoke', async () => {
+    const { root } = await newSpecPage({
+      components: [SbbLoadingIndicator],
+      html: '<sbb-loading-indicator variant="circle" color="smoke"/>',
+    });
+
+    expect(root).toEqualHtml(`
+      <sbb-loading-indicator variant="circle" color="smoke" size="s" role="progressbar" aria-busy="true">
+        <mock:shadow-root>
+          <span class="sbb-loading-indicator">
+            <span class="sbb-loading-indicator__animated-element"></span>
+          </span>
+        </mock:shadow-root>
+      </sbb-loading-indicator>
+    `);
+  });
+
+  it('renders with variant `circle` and color white', async () => {
+    const { root } = await newSpecPage({
+      components: [SbbLoadingIndicator],
+      html: '<sbb-loading-indicator variant="circle" color="white"/>',
+    });
+
+    expect(root).toEqualHtml(`
+      <sbb-loading-indicator variant="circle" color="white" size="s" role="progressbar" aria-busy="true">
         <mock:shadow-root>
           <span class="sbb-loading-indicator">
             <span class="sbb-loading-indicator__animated-element"></span>
diff --git a/src/components/sbb-loading-indicator/sbb-loading-indicator.stories.tsx b/src/components/sbb-loading-indicator/sbb-loading-indicator.stories.tsx
index 2292261d28..10dc31f210 100644
--- a/src/components/sbb-loading-indicator/sbb-loading-indicator.stories.tsx
+++ b/src/components/sbb-loading-indicator/sbb-loading-indicator.stories.tsx
@@ -14,6 +14,12 @@ const textBlockStyle: Args = {
   borderRadius: 'var(--sbb-border-radius-4x)',
 };
 
+const negativeBlockStyle: Args = {
+  backgroundColor: 'var(--sbb-color-iron-default)',
+  color: 'var(--sbb-color-white-default)',
+  padding: '2rem',
+};
+
 const createLoadingIndicator = (args): void => {
   const loader: HTMLSbbLoadingIndicatorElement = document.createElement(
     'SBB-LOADING-INDICATOR',
@@ -50,6 +56,12 @@ const TemplateAccessibility = (args): JSX.Element => (
 
 const Template = (args): JSX.Element => <sbb-loading-indicator {...args}></sbb-loading-indicator>;
 
+const NegativeTemplate = (args): JSX.Element => (
+  <div style={negativeBlockStyle}>
+    <sbb-loading-indicator {...args}></sbb-loading-indicator>
+  </div>
+);
+
 const InlineTemplate = (args): JSX.Element => (
   <div>
     <p>
@@ -61,6 +73,17 @@ const InlineTemplate = (args): JSX.Element => (
   </div>
 );
 
+const NegativeInlineTemplate = (args): JSX.Element => (
+  <div style={negativeBlockStyle}>
+    <p>
+      <sbb-loading-indicator {...args}></sbb-loading-indicator> Inline loading indicator
+    </p>
+    <h2>
+      <sbb-loading-indicator {...args}></sbb-loading-indicator> Adaptive to font size
+    </h2>
+  </div>
+);
+
 const variant: InputType = {
   control: {
     type: 'select',
@@ -75,6 +98,13 @@ const size: InputType = {
   options: ['small', 'large'],
 };
 
+const color: InputType = {
+  control: {
+    type: 'inline-radio',
+  },
+  options: ['default', 'smoke', 'white'],
+};
+
 const disableAnimation: InputType = {
   control: {
     type: 'boolean',
@@ -84,33 +114,71 @@ const disableAnimation: InputType = {
 const defaultArgTypes: ArgTypes = {
   variant,
   size,
+  color,
   'disable-animation': disableAnimation,
 };
 
 const defaultArgs: Args = {
   variant: variant.options[0],
   size: size.options[0],
+  color: color.options[0],
   'disable-animation': isChromatic(),
 };
 
-export const WindowSmall: StoryObj = {
+export const WindowSmallDefault: StoryObj = {
   render: Template,
   argTypes: defaultArgTypes,
   args: { ...defaultArgs },
 };
 
-export const WindowLarge: StoryObj = {
+export const WindowSmallSmoke: StoryObj = {
+  render: Template,
+  argTypes: defaultArgTypes,
+  args: { ...defaultArgs, color: color.options[1] },
+};
+
+export const WindowSmallWhite: StoryObj = {
+  render: NegativeTemplate,
+  argTypes: defaultArgTypes,
+  args: { ...defaultArgs, color: color.options[2] },
+};
+
+export const WindowLargeDefault: StoryObj = {
   render: Template,
   argTypes: defaultArgTypes,
   args: { ...defaultArgs, size: size.options[1] },
 };
 
-export const Circle: StoryObj = {
+export const WindowLargeSmoke: StoryObj = {
+  render: Template,
+  argTypes: defaultArgTypes,
+  args: { ...defaultArgs, color: color.options[1], size: size.options[1] },
+};
+
+export const WindowLargeWhite: StoryObj = {
+  render: NegativeTemplate,
+  argTypes: defaultArgTypes,
+  args: { ...defaultArgs, color: color.options[2], size: size.options[1] },
+};
+
+export const CircleDefault: StoryObj = {
   render: InlineTemplate,
   argTypes: defaultArgTypes,
   args: { ...defaultArgs, variant: variant.options[1] },
 };
 
+export const CircleSmoke: StoryObj = {
+  render: InlineTemplate,
+  argTypes: defaultArgTypes,
+  args: { ...defaultArgs, color: color.options[1], variant: variant.options[1] },
+};
+
+export const CircleWhite: StoryObj = {
+  render: NegativeInlineTemplate,
+  argTypes: defaultArgTypes,
+  args: { ...defaultArgs, color: color.options[2], variant: variant.options[1] },
+};
+
 export const Accessibility: StoryObj = {
   render: TemplateAccessibility,
   argTypes: defaultArgTypes,
diff --git a/src/components/sbb-loading-indicator/sbb-loading-indicator.tsx b/src/components/sbb-loading-indicator/sbb-loading-indicator.tsx
index da1b65397d..66bf8daef8 100644
--- a/src/components/sbb-loading-indicator/sbb-loading-indicator.tsx
+++ b/src/components/sbb-loading-indicator/sbb-loading-indicator.tsx
@@ -13,6 +13,10 @@ export class SbbLoadingIndicator implements ComponentInterface {
   /** Size variant, either s or m. */
   @Prop({ reflect: true }) public size: InterfaceSbbLoadingIndicatorAttributes['size'] = 's';
 
+  /** Color variant. */
+  @Prop({ reflect: true }) public color: InterfaceSbbLoadingIndicatorAttributes['color'] =
+    'default';
+
   /** Whether the animation is enabled. */
   @Prop({ reflect: true }) public disableAnimation = false;