diff --git a/modules/abstract-utxo/src/descriptor/descriptorWallet.ts b/modules/abstract-utxo/src/descriptor/descriptorWallet.ts
index 2259e2b890..0f9c3e7c4d 100644
--- a/modules/abstract-utxo/src/descriptor/descriptorWallet.ts
+++ b/modules/abstract-utxo/src/descriptor/descriptorWallet.ts
@@ -4,7 +4,7 @@ import { IWallet, WalletCoinSpecific } from '@bitgo/sdk-core';
 import { NamedDescriptor } from './NamedDescriptor';
 import { DescriptorMap } from '../core/descriptor';
 import { DescriptorValidationPolicy, KeyTriple, toDescriptorMapValidate } from './validatePolicy';
-import { UtxoWalletData } from '../wallet';
+import { UtxoWallet, UtxoWalletData } from '../wallet';
 
 type DescriptorWalletCoinSpecific = {
   descriptors: NamedDescriptor[];
@@ -20,7 +20,7 @@ type DescriptorWalletData = UtxoWalletData & {
   coinSpecific: DescriptorWalletCoinSpecific;
 };
 
-interface IDescriptorWallet extends IWallet {
+export interface IDescriptorWallet extends UtxoWallet {
   coinSpecific(): WalletCoinSpecific & DescriptorWalletCoinSpecific;
 }
 
diff --git a/modules/abstract-utxo/src/descriptor/index.ts b/modules/abstract-utxo/src/descriptor/index.ts
index 7206df8c3e..ebd32d2e9c 100644
--- a/modules/abstract-utxo/src/descriptor/index.ts
+++ b/modules/abstract-utxo/src/descriptor/index.ts
@@ -2,3 +2,4 @@ export { Miniscript, Descriptor } from '@bitgo/wasm-miniscript';
 export { assertDescriptorWalletAddress } from './assertDescriptorWalletAddress';
 export { NamedDescriptor } from './NamedDescriptor';
 export { isDescriptorWallet, getDescriptorMapFromWallet } from './descriptorWallet';
+export { getPolicyForEnv } from './validatePolicy';
diff --git a/modules/abstract-utxo/src/keychains.ts b/modules/abstract-utxo/src/keychains.ts
index bb5a77a413..4b4b6b3324 100644
--- a/modules/abstract-utxo/src/keychains.ts
+++ b/modules/abstract-utxo/src/keychains.ts
@@ -45,11 +45,17 @@ export function toKeychainTriple(keychains: UtxoNamedKeychains): Triple<UtxoKeyc
   return [user, backup, bitgo];
 }
 
-export function toBip32Triple(keychains: Triple<{ pub: string }> | Triple<string>): Triple<utxolib.BIP32Interface> {
-  return keychains.map((keychain: { pub: string } | string) => {
-    const v = typeof keychain === 'string' ? keychain : keychain.pub;
-    return utxolib.bip32.fromBase58(v);
-  }) as Triple<utxolib.BIP32Interface>;
+export function toBip32Triple(
+  keychains: UtxoNamedKeychains | Triple<{ pub: string }> | Triple<string>
+): Triple<utxolib.BIP32Interface> {
+  if (Array.isArray(keychains)) {
+    return keychains.map((keychain: { pub: string } | string) => {
+      const v = typeof keychain === 'string' ? keychain : keychain.pub;
+      return utxolib.bip32.fromBase58(v);
+    }) as Triple<utxolib.BIP32Interface>;
+  }
+
+  return toBip32Triple(toKeychainTriple(keychains));
 }
 
 export async function fetchKeychains(
diff --git a/modules/abstract-utxo/src/transaction/descriptor/index.ts b/modules/abstract-utxo/src/transaction/descriptor/index.ts
index 309dca1d3f..857716f36b 100644
--- a/modules/abstract-utxo/src/transaction/descriptor/index.ts
+++ b/modules/abstract-utxo/src/transaction/descriptor/index.ts
@@ -1,2 +1,4 @@
 export { DescriptorMap } from '../../core/descriptor';
 export { explainPsbt } from './explainPsbt';
+export { parse } from './parse';
+export { parseToAmountType } from './parseToAmountType';
diff --git a/modules/abstract-utxo/src/transaction/descriptor/parse.ts b/modules/abstract-utxo/src/transaction/descriptor/parse.ts
new file mode 100644
index 0000000000..9cc73b5de6
--- /dev/null
+++ b/modules/abstract-utxo/src/transaction/descriptor/parse.ts
@@ -0,0 +1,130 @@
+import * as utxolib from '@bitgo/utxo-lib';
+import { ITransactionRecipient } from '@bitgo/sdk-core';
+
+import {
+  AbstractUtxoCoin,
+  BaseOutput,
+  BaseParsedTransaction,
+  BaseParsedTransactionOutputs,
+  ParseTransactionOptions,
+} from '../../abstractUtxoCoin';
+import { getKeySignatures, toBip32Triple, UtxoNamedKeychains } from '../../keychains';
+import { getDescriptorMapFromWallet, getPolicyForEnv } from '../../descriptor';
+import { IDescriptorWallet } from '../../descriptor/descriptorWallet';
+import * as coreDescriptors from '../../core/descriptor';
+import { ParsedOutput } from '../../core/descriptor/psbt/parse';
+import { outputDifferencesWithExpected, OutputDifferenceWithExpected } from './outputDifference';
+import { fromExtendedAddressFormatToScript, toExtendedAddressFormat } from '../recipient';
+
+function toParsedOutput(recipient: ITransactionRecipient, network: utxolib.Network): ParsedOutput {
+  return {
+    address: recipient.address,
+    value: BigInt(recipient.amount),
+    script: fromExtendedAddressFormatToScript(recipient.address, network),
+  };
+}
+
+type ParsedOutputs = OutputDifferenceWithExpected<ParsedOutput> & {
+  outputs: ParsedOutput[];
+  changeOutputs: ParsedOutput[];
+};
+
+function parseOutputsWithPsbt(
+  psbt: utxolib.bitgo.UtxoPsbt,
+  descriptorMap: coreDescriptors.DescriptorMap,
+  recipientOutputs: ParsedOutput[]
+): ParsedOutputs {
+  const parsed = coreDescriptors.parse(psbt, descriptorMap, psbt.network);
+  const externalOutputs = parsed.outputs.filter((o) => o.scriptId === undefined);
+  const changeOutputs = parsed.outputs.filter((o) => o.scriptId !== undefined);
+  const outputDiffs = outputDifferencesWithExpected(externalOutputs, recipientOutputs);
+  return {
+    outputs: parsed.outputs,
+    changeOutputs,
+    ...outputDiffs,
+  };
+}
+
+function sumValues(arr: { value: bigint }[]): bigint {
+  return arr.reduce((sum, e) => sum + e.value, BigInt(0));
+}
+
+function toBaseOutputs(outputs: ParsedOutput[], network: utxolib.Network): BaseOutput<bigint>[] {
+  return outputs.map(
+    (o): BaseOutput<bigint> => ({
+      address: toExtendedAddressFormat(o.script, network),
+      amount: BigInt(o.value),
+      external: o.scriptId === undefined,
+    })
+  );
+}
+
+function toBaseParsedTransactionOutputs(
+  { outputs, changeOutputs, explicitExternalOutputs, implicitExternalOutputs, missingOutputs }: ParsedOutputs,
+  network: utxolib.Network
+): BaseParsedTransactionOutputs<bigint, BaseOutput<bigint>> {
+  return {
+    outputs: toBaseOutputs(outputs, network),
+    changeOutputs: toBaseOutputs(changeOutputs, network),
+    explicitExternalOutputs: toBaseOutputs(explicitExternalOutputs, network),
+    explicitExternalSpendAmount: sumValues(explicitExternalOutputs),
+    implicitExternalOutputs: toBaseOutputs(implicitExternalOutputs, network),
+    implicitExternalSpendAmount: sumValues(implicitExternalOutputs),
+    missingOutputs: toBaseOutputs(missingOutputs, network),
+  };
+}
+
+export function toBaseParsedTransactionOutputsFromPsbt(
+  psbt: utxolib.bitgo.UtxoPsbt,
+  descriptorMap: coreDescriptors.DescriptorMap,
+  recipients: ITransactionRecipient[],
+  network: utxolib.Network
+): BaseParsedTransactionOutputs<bigint, BaseOutput<bigint>> {
+  return toBaseParsedTransactionOutputs(
+    parseOutputsWithPsbt(
+      psbt,
+      descriptorMap,
+      recipients.map((r) => toParsedOutput(r, psbt.network))
+    ),
+    network
+  );
+}
+
+export type ParsedDescriptorTransaction<TAmount extends number | bigint> = BaseParsedTransaction<
+  TAmount,
+  BaseOutput<TAmount>
+>;
+
+export function parse(
+  coin: AbstractUtxoCoin,
+  wallet: IDescriptorWallet,
+  params: ParseTransactionOptions<number | bigint>
+): ParsedDescriptorTransaction<bigint> {
+  if (params.txParams.allowExternalChangeAddress) {
+    throw new Error('allowExternalChangeAddress is not supported for descriptor wallets');
+  }
+  if (params.txParams.changeAddress) {
+    throw new Error('changeAddress is not supported for descriptor wallets');
+  }
+  const keychains = params.verification?.keychains;
+  if (!keychains || !UtxoNamedKeychains.is(keychains)) {
+    throw new Error('keychain is required for descriptor wallets');
+  }
+  const { recipients } = params.txParams;
+  if (!recipients) {
+    throw new Error('recipients is required');
+  }
+  const psbt = coin.decodeTransactionFromPrebuild(params.txPrebuild);
+  if (!(psbt instanceof utxolib.bitgo.UtxoPsbt)) {
+    throw new Error('expected psbt to be an instance of UtxoPsbt');
+  }
+  const walletKeys = toBip32Triple(keychains);
+  const descriptorMap = getDescriptorMapFromWallet(wallet, walletKeys, getPolicyForEnv(params.wallet.bitgo.env));
+  return {
+    ...toBaseParsedTransactionOutputsFromPsbt(psbt, descriptorMap, recipients, psbt.network),
+    keychains,
+    keySignatures: getKeySignatures(wallet) ?? {},
+    customChange: undefined,
+    needsCustomChangeKeySignatureVerification: false,
+  };
+}
diff --git a/modules/abstract-utxo/src/transaction/descriptor/parseToAmountType.ts b/modules/abstract-utxo/src/transaction/descriptor/parseToAmountType.ts
new file mode 100644
index 0000000000..7706e8181c
--- /dev/null
+++ b/modules/abstract-utxo/src/transaction/descriptor/parseToAmountType.ts
@@ -0,0 +1,80 @@
+import { AbstractUtxoCoin, BaseOutput, BaseParsedTransaction, ParseTransactionOptions } from '../../abstractUtxoCoin';
+import { parse, ParsedDescriptorTransaction } from './parse';
+import { IDescriptorWallet } from '../../descriptor/descriptorWallet';
+
+type AmountType = 'number' | 'bigint' | 'string';
+
+function toAmountType(v: number | bigint | string, t: AmountType): number | bigint | string {
+  switch (t) {
+    case 'number':
+      return Number(v);
+    case 'bigint':
+      return BigInt(v);
+    case 'string':
+      return String(v);
+  }
+}
+
+type AmountTypeOptions = {
+  amountTypeBaseOutput: AmountType;
+  amountTypeAggregate: AmountType;
+};
+
+function baseOutputToTNumber<TAmount extends number | bigint>(
+  output: BaseOutput<bigint>,
+  amountType: AmountType
+): BaseOutput<TAmount> {
+  return {
+    address: output.address,
+    amount: toAmountType(output.amount, amountType) as TAmount,
+    external: output.external,
+  };
+}
+
+function entryToTNumber<
+  K extends keyof ParsedDescriptorTransaction<bigint>,
+  V extends ParsedDescriptorTransaction<bigint>[K]
+>(k: K, v: V, params: AmountTypeOptions): [K, V] {
+  switch (k) {
+    case 'outputs':
+    case 'changeOutputs':
+    case 'explicitExternalOutputs':
+    case 'implicitExternalOutputs':
+    case 'missingOutputs':
+      if (v === undefined) {
+        return [k, v];
+      }
+      if (Array.isArray(v)) {
+        return [k, v.map((o) => baseOutputToTNumber(o, params.amountTypeBaseOutput)) as V];
+      }
+      throw new Error('expected array');
+    case 'explicitExternalSpendAmount':
+    case 'implicitExternalSpendAmount':
+      if (typeof v !== 'bigint') {
+        throw new Error('expected bigint');
+      }
+      return [k, toAmountType(v, params.amountTypeAggregate) as V];
+    default:
+      return [k, v];
+  }
+}
+
+export function parsedDescriptorTransactionToTNumber<TAmount extends number | bigint, TOutput>(
+  obj: ParsedDescriptorTransaction<bigint>,
+  params: AmountTypeOptions
+): BaseParsedTransaction<TAmount, TOutput> {
+  return Object.fromEntries(
+    Object.entries(obj).map(([k, v]) => entryToTNumber(k as keyof ParsedDescriptorTransaction<bigint>, v, params))
+  ) as BaseParsedTransaction<TAmount, TOutput>;
+}
+
+export function parseToAmountType<TAmount extends number | bigint>(
+  coin: AbstractUtxoCoin,
+  wallet: IDescriptorWallet,
+  params: ParseTransactionOptions<TAmount>
+): BaseParsedTransaction<TAmount, BaseOutput<string>> {
+  return parsedDescriptorTransactionToTNumber<TAmount, BaseOutput<string>>(parse(coin, wallet, params), {
+    amountTypeAggregate: coin.amountType,
+    amountTypeBaseOutput: 'string',
+  });
+}
diff --git a/modules/abstract-utxo/src/transaction/descriptor/recipient.ts b/modules/abstract-utxo/src/transaction/descriptor/recipient.ts
new file mode 100644
index 0000000000..d285d7ea8d
--- /dev/null
+++ b/modules/abstract-utxo/src/transaction/descriptor/recipient.ts
@@ -0,0 +1,4 @@
+export type Recipient = {
+  address: string;
+  amount: bigint;
+};
diff --git a/modules/abstract-utxo/src/transaction/parseTransaction.ts b/modules/abstract-utxo/src/transaction/parseTransaction.ts
index d502afcec2..ae0dffb558 100644
--- a/modules/abstract-utxo/src/transaction/parseTransaction.ts
+++ b/modules/abstract-utxo/src/transaction/parseTransaction.ts
@@ -2,6 +2,7 @@ import { AbstractUtxoCoin, ParsedTransaction, ParseTransactionOptions } from '..
 
 import { isDescriptorWallet } from '../descriptor';
 
+import * as descriptor from './descriptor';
 import * as fixedScript from './fixedScript';
 
 export async function parseTransaction<TNumber extends bigint | number>(
@@ -9,7 +10,7 @@ export async function parseTransaction<TNumber extends bigint | number>(
   params: ParseTransactionOptions<TNumber>
 ): Promise<ParsedTransaction<TNumber>> {
   if (isDescriptorWallet(params.wallet)) {
-    throw new Error('Descriptor wallets are not supported');
+    return descriptor.parseToAmountType(coin, params.wallet, params);
   } else {
     return fixedScript.parseTransaction(coin, params);
   }
diff --git a/modules/abstract-utxo/src/transaction/recipient.ts b/modules/abstract-utxo/src/transaction/recipient.ts
index 27ccf03be2..90d44d73d3 100644
--- a/modules/abstract-utxo/src/transaction/recipient.ts
+++ b/modules/abstract-utxo/src/transaction/recipient.ts
@@ -22,6 +22,14 @@ export function fromExtendedAddressFormat(extendedAddress: string): { address: s
   return { address: extendedAddress };
 }
 
+export function fromExtendedAddressFormatToScript(extendedAddress: string, network: utxolib.Network): Buffer {
+  const result = fromExtendedAddressFormat(extendedAddress);
+  if ('script' in result) {
+    return Buffer.from(result.script, 'hex');
+  }
+  return utxolib.addressFormat.toOutputScriptTryFormats(result.address, network);
+}
+
 /**
  * Convert a script or address to the extended address format.
  * @param script
diff --git a/modules/abstract-utxo/test/transaction/descriptor/explainPsbt.ts b/modules/abstract-utxo/test/transaction/descriptor/explainPsbt.ts
index 984808773a..86443a1dfd 100644
--- a/modules/abstract-utxo/test/transaction/descriptor/explainPsbt.ts
+++ b/modules/abstract-utxo/test/transaction/descriptor/explainPsbt.ts
@@ -1,15 +1,11 @@
 import assert from 'assert';
 
+import { TransactionExplanation } from '../../../src';
 import { explainPsbt } from '../../../src/transaction/descriptor';
 import { mockPsbtDefaultWithDescriptorTemplate } from '../../core/descriptor/psbt/mock.utils';
 import { getDescriptorMap } from '../../core/descriptor/descriptor.utils';
-import { getFixture } from '../../core/fixtures.utils';
 import { getKeyTriple } from '../../core/key.utils';
-import { TransactionExplanation } from '../../../src';
-
-async function assertEqualFixture(name: string, v: unknown) {
-  assert.deepStrictEqual(v, await getFixture(__dirname + '/fixtures/' + name, v));
-}
+import { assertEqualFixture } from './fixtures.utils';
 
 function assertSignatureCount(expl: TransactionExplanation, signatures: number, inputSignatures: number[]) {
   assert.deepStrictEqual(expl.signatures, signatures);
diff --git a/modules/abstract-utxo/test/transaction/descriptor/fixtures.utils.ts b/modules/abstract-utxo/test/transaction/descriptor/fixtures.utils.ts
new file mode 100644
index 0000000000..22f6e377b0
--- /dev/null
+++ b/modules/abstract-utxo/test/transaction/descriptor/fixtures.utils.ts
@@ -0,0 +1,7 @@
+import assert from 'assert';
+
+import { getFixture } from '../../core/fixtures.utils';
+
+export async function assertEqualFixture(name: string, v: unknown): Promise<void> {
+  assert.deepStrictEqual(v, await getFixture(__dirname + '/fixtures/' + name, v));
+}
diff --git a/modules/abstract-utxo/test/transaction/descriptor/fixtures/parseWithRecipient.json b/modules/abstract-utxo/test/transaction/descriptor/fixtures/parseWithRecipient.json
new file mode 100644
index 0000000000..ab6e85e3a1
--- /dev/null
+++ b/modules/abstract-utxo/test/transaction/descriptor/fixtures/parseWithRecipient.json
@@ -0,0 +1,32 @@
+{
+  "outputs": [
+    {
+      "address": "bc1qvn279lx29cg843u77p3c37npay7w4uc4xw5d92xxa92z8gd3lkuq4w8477",
+      "amount": "400000",
+      "external": true
+    },
+    {
+      "address": "bc1q2yau645jl7k577lmanqn9a0ulcgcqm0wrrmx09dppd3kcwguvyzqk86umj",
+      "amount": "400000",
+      "external": false
+    }
+  ],
+  "changeOutputs": [
+    {
+      "address": "bc1q2yau645jl7k577lmanqn9a0ulcgcqm0wrrmx09dppd3kcwguvyzqk86umj",
+      "amount": "400000",
+      "external": false
+    }
+  ],
+  "explicitExternalOutputs": [
+    {
+      "address": "bc1qvn279lx29cg843u77p3c37npay7w4uc4xw5d92xxa92z8gd3lkuq4w8477",
+      "amount": "400000",
+      "external": true
+    }
+  ],
+  "explicitExternalSpendAmount": "400000",
+  "implicitExternalOutputs": [],
+  "implicitExternalSpendAmount": "0",
+  "missingOutputs": []
+}
diff --git a/modules/abstract-utxo/test/transaction/descriptor/fixtures/parseWithoutRecipients.json b/modules/abstract-utxo/test/transaction/descriptor/fixtures/parseWithoutRecipients.json
new file mode 100644
index 0000000000..0f8cf3700d
--- /dev/null
+++ b/modules/abstract-utxo/test/transaction/descriptor/fixtures/parseWithoutRecipients.json
@@ -0,0 +1,32 @@
+{
+  "outputs": [
+    {
+      "address": "bc1qvn279lx29cg843u77p3c37npay7w4uc4xw5d92xxa92z8gd3lkuq4w8477",
+      "amount": "400000",
+      "external": true
+    },
+    {
+      "address": "bc1q2yau645jl7k577lmanqn9a0ulcgcqm0wrrmx09dppd3kcwguvyzqk86umj",
+      "amount": "400000",
+      "external": false
+    }
+  ],
+  "changeOutputs": [
+    {
+      "address": "bc1q2yau645jl7k577lmanqn9a0ulcgcqm0wrrmx09dppd3kcwguvyzqk86umj",
+      "amount": "400000",
+      "external": false
+    }
+  ],
+  "explicitExternalOutputs": [],
+  "explicitExternalSpendAmount": "0",
+  "implicitExternalOutputs": [
+    {
+      "address": "bc1qvn279lx29cg843u77p3c37npay7w4uc4xw5d92xxa92z8gd3lkuq4w8477",
+      "amount": "400000",
+      "external": true
+    }
+  ],
+  "implicitExternalSpendAmount": "400000",
+  "missingOutputs": []
+}
diff --git a/modules/abstract-utxo/test/transaction/descriptor/parse.ts b/modules/abstract-utxo/test/transaction/descriptor/parse.ts
new file mode 100644
index 0000000000..2975dfd13d
--- /dev/null
+++ b/modules/abstract-utxo/test/transaction/descriptor/parse.ts
@@ -0,0 +1,48 @@
+import assert from 'assert';
+import * as utxolib from '@bitgo/utxo-lib';
+import { mockPsbtDefaultWithDescriptorTemplate } from '../../core/descriptor/psbt/mock.utils';
+import { toBaseParsedTransactionOutputsFromPsbt } from '../../../src/transaction/descriptor/parse';
+import { getDefaultXPubs, getDescriptorMap } from '../../core/descriptor/descriptor.utils';
+import { assertEqualFixture } from './fixtures.utils';
+import { toPlainObject } from '../../core/toPlainObject.utils';
+
+function toRecipient(output: utxolib.PsbtTxOutput): {
+  address: string;
+  amount: string;
+} {
+  assert(output.address);
+  return {
+    address: output.address,
+    amount: output.value.toString(),
+  };
+}
+
+describe('parse', function () {
+  describe('toBase', function () {
+    it('should return the correct BaseParsedTransactionOutputs', async function () {
+      const psbt = mockPsbtDefaultWithDescriptorTemplate('Wsh2Of3');
+      await assertEqualFixture(
+        'parseWithoutRecipients.json',
+        toPlainObject(
+          toBaseParsedTransactionOutputsFromPsbt(
+            psbt,
+            getDescriptorMap('Wsh2Of3', getDefaultXPubs('a')),
+            [],
+            psbt.network
+          )
+        )
+      );
+      await assertEqualFixture(
+        'parseWithRecipient.json',
+        toPlainObject(
+          toBaseParsedTransactionOutputsFromPsbt(
+            psbt,
+            getDescriptorMap('Wsh2Of3', getDefaultXPubs('a')),
+            [toRecipient(psbt.txOutputs[0])],
+            psbt.network
+          )
+        )
+      );
+    });
+  });
+});