Realization of sub-10 nm spin-based logic and memory devices relies on the development of magnetic materials with perpendicular magnetic anisotropy that can provide low switching current and large thermal stability simultaneously. In this work, the authors report on one promising candidate, Fe 16 N 2 , a heavy-metal-free, non-interface perpendicular magnetic material and demonstrate a perpendicularly magnetized current-perpendicular-to-plane (CPP) giant magnetoresistance (GMR) device based on Fe 16 N 2 . The crystallinebased perpendicular anisotropy of Fe 16 N 2 in the CPP GMR device is measured to be about 1.9 Â 10 6 J m À3 (1.9 Â 10 7 erg cm À3 ), which is sufficient to maintain the thermal stability of sub-10 nm devices. A first principle calculation is performed to support this large magnitude of the perpendicular anisotropy. Moreover, the Gilbert damping constant of the Fe 16 N 2 thin film (α %0.01) measured by ferromagnetic resonance (FMR) is lower than for most existing materials with crystalline perpendicular magnetic anisotropy. The non-interface perpendicular anisotropy and low damping properties of Fe 16 N 2 may offer a pathway for future spintronics logic and memory devices.Giant/Tunnel magnetoresistance (GMR/TMR) devices with current-perpendicular-to-plane (CPP) geometry have been attracting substantial attention due to their potential applications in spin-transfer-torque RAM (STT-RAM) and logic devices. [1,2] Particularly, the CPP GMR/TMR devices with perpendicular magnetic anisotropy (PMA) hold great promise for much higher areal densities than in-plane devices for spin-based memory and logic circuits. [3][4][5] In comparison with the devices utilizing in-plane magnetic materials, PMA-based magnetic devices have large thermal stability in small dimension as well as no constraint on cell aspect ratio. Furthermore, studies demonstrate that perpendicularly magnetized GMR/TMR devices have lower critical current and faster switching speed than in-plane magnetized devices. [6,7] These characteristics facilitate low-power consumption in memory or logic circuit operations.PMA of thin films can be introduced by reduced magnetic symmetry in out-ofplane direction. It can be fulfilled either by crystal lattice asymmetry or by interface coupling between ultra-thin films. Among those PMA materials used in GMR/ TMR, L1 0 ordered alloys [5,8] and multilayers based on transition