diff --git i/tools/uf2tool/CMakeLists.txt w/tools/uf2tool/CMakeLists.txt
index edc15429..03a6efff 100644
--- i/tools/uf2tool/CMakeLists.txt
+++ w/tools/uf2tool/CMakeLists.txt
@@ -22,23 +22,32 @@ cmake_minimum_required (VERSION 3.13)
 project (UF2Tool)
 
 set(UF2TOOL_PATH "" CACHE PATH "Path to UF2Tool source tree. If unset, hex package will be used")
+set(UF2TOOL_BIN "" CACHE PATH "Path to UF2Tool bin. If unset, package will be built.")
 
-if(NOT UF2TOOL_PATH STREQUAL "")
-    file(MAKE_DIRECTORY ${CMAKE_CURRENT_BINARY_DIR}/_checkouts)
-    file(CREATE_LINK ${UF2TOOL_PATH} ${CMAKE_CURRENT_BINARY_DIR}/_checkouts/uf2tool SYMBOLIC)
+if(UF2TOOL_BIN STREQUAL "")
+    if(NOT UF2TOOL_PATH STREQUAL "")
+        file(MAKE_DIRECTORY ${CMAKE_CURRENT_BINARY_DIR}/_checkouts)
+        file(CREATE_LINK ${UF2TOOL_PATH} ${CMAKE_CURRENT_BINARY_DIR}/_checkouts/uf2tool SYMBOLIC)
+    endif()
+
+    file(COPY ${CMAKE_CURRENT_SOURCE_DIR}/rebar.config
+        DESTINATION ${CMAKE_CURRENT_BINARY_DIR}
+    )
+
+    add_custom_command(
+        OUTPUT uf2tool
+        COMMAND rebar3 escriptize && cp _build/default/bin/uf2tool .
+        VERBATIM
+    )
+    add_custom_target(
+        UF2Tool ALL
+        DEPENDS uf2tool
+    )
+else()
+    file(CREATE_LINK ${UF2TOOL_BIN} ${CMAKE_CURRENT_BINARY_DIR}/uf2tool SYMBOLIC)
+    add_custom_target(
+        UF2Tool ALL
+        DEPENDS ${CMAKE_CURRENT_BINARY_DIR}/uf2tool
+    )
 endif()
 
-file(COPY ${CMAKE_CURRENT_SOURCE_DIR}/rebar.config
-    DESTINATION ${CMAKE_CURRENT_BINARY_DIR}
-)
-
-add_custom_command(
-    OUTPUT uf2tool
-    COMMAND rebar3 escriptize && cp _build/default/bin/uf2tool .
-    VERBATIM
-)
-
-add_custom_target(
-    UF2Tool ALL
-    DEPENDS uf2tool
-)