diff --git a/.cargo/config.toml b/.cargo/config.toml
index 1267bf2728..2c1f069b58 100644
--- a/.cargo/config.toml
+++ b/.cargo/config.toml
@@ -1,6 +1,9 @@
+[alias]
+benchmark = "bench --package benchmarks"
+
 [target.aarch64-unknown-linux-gnu]
 linker = "aarch64-linux-gnu-gcc"
 
 [target.aarch64-unknown-linux-musl]
 linker = "aarch64-linux-musl-gcc"
-rustflags = ["-C", "target-feature=-crt-static"]
\ No newline at end of file
+rustflags = ["-C", "target-feature=-crt-static"]
diff --git a/.github/workflows/rust_ci.yml b/.github/workflows/rust_ci.yml
index 38077511bc..a73ab329d5 100644
--- a/.github/workflows/rust_ci.yml
+++ b/.github/workflows/rust_ci.yml
@@ -1,6 +1,7 @@
 on:
   pull_request:
     paths:
+      - "benchmarks/**"
       - "ironfish-mpc/**"
       - "ironfish-phase2/**"
       - "ironfish-rust/**"
@@ -14,6 +15,7 @@ on:
     branches:
       - master
     paths:
+      - "benchmarks/**"
       - "ironfish-mpc/**"
       - "ironfish-phase2/**"
       - "ironfish-rust/**"
@@ -45,7 +47,7 @@ jobs:
 
       - name: Check that cargo lockfile is up to date
         run: |
-          cargo check --locked
+          cargo check --locked --all-targets
 
       # Note: ironfish-zkp is does not need this due to different licensing
       - name: Check for license headers for ironfish-rust
diff --git a/Cargo.lock b/Cargo.lock
index 76b30d3532..ee09e59eab 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -33,6 +33,12 @@ dependencies = [
  "memchr",
 ]
 
+[[package]]
+name = "anes"
+version = "0.1.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4b46cbb362ab8752921c97e041f5e366ee6297bd428a31275b9fcf1e380f7299"
+
 [[package]]
 name = "anyhow"
 version = "1.0.68"
@@ -51,6 +57,17 @@ version = "0.7.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8da52d66c7071e2e3fa2a1e5c6d088fec47b593032b254f5e980de8ea54454d6"
 
+[[package]]
+name = "atty"
+version = "0.2.14"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d9b39be18770d11421cdb1b9947a45dd3f37e93092cbf377614828a319d5fee8"
+dependencies = [
+ "hermit-abi 0.1.19",
+ "libc",
+ "winapi",
+]
+
 [[package]]
 name = "autocfg"
 version = "1.1.0"
@@ -89,6 +106,14 @@ dependencies = [
  "subtle",
 ]
 
+[[package]]
+name = "benchmarks"
+version = "0.1.0"
+dependencies = [
+ "criterion",
+ "ironfish_rust",
+]
+
 [[package]]
 name = "bip0039"
 version = "0.9.0"
@@ -225,6 +250,12 @@ version = "1.4.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "14c189c53d098945499cdfa7ecc63567cf3886b3332b312a5b4585d8d3a6a610"
 
+[[package]]
+name = "cast"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "37b2a672a2cb129a2e41c10b1224bb368f9f37a2b16b612598138befd7b37eb5"
+
 [[package]]
 name = "cc"
 version = "1.0.78"
@@ -262,6 +293,33 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "ciborium"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b0c137568cc60b904a7724001b35ce2630fd00d5d84805fbb608ab89509d788f"
+dependencies = [
+ "ciborium-io",
+ "ciborium-ll",
+ "serde",
+]
+
+[[package]]
+name = "ciborium-io"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "346de753af073cc87b52b2083a506b38ac176a44cfb05497b622e27be899b369"
+
+[[package]]
+name = "ciborium-ll"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "213030a2b5a4e0c0892b6652260cf6ccac84827b83a85a534e178e3906c4cf1b"
+dependencies = [
+ "ciborium-io",
+ "half",
+]
+
 [[package]]
 name = "cipher"
 version = "0.3.0"
@@ -271,6 +329,27 @@ dependencies = [
  "generic-array",
 ]
 
+[[package]]
+name = "clap"
+version = "3.2.25"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4ea181bf566f71cb9a5d17a59e1871af638180a18fb0035c92ae62b705207123"
+dependencies = [
+ "bitflags",
+ "clap_lex",
+ "indexmap",
+ "textwrap",
+]
+
+[[package]]
+name = "clap_lex"
+version = "0.2.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2850f2f5a82cbf437dd5af4d49848fbdfc27c157c3d010345776f952765261c5"
+dependencies = [
+ "os_str_bytes",
+]
+
 [[package]]
 name = "constant_time_eq"
 version = "0.1.5"
@@ -298,6 +377,42 @@ dependencies = [
  "libc",
 ]
 
+[[package]]
+name = "criterion"
+version = "0.4.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e7c76e09c1aae2bc52b3d2f29e13c6572553b30c4aa1b8a49fd70de6412654cb"
+dependencies = [
+ "anes",
+ "atty",
+ "cast",
+ "ciborium",
+ "clap",
+ "criterion-plot",
+ "itertools",
+ "lazy_static",
+ "num-traits",
+ "oorandom",
+ "plotters",
+ "rayon",
+ "regex",
+ "serde",
+ "serde_derive",
+ "serde_json",
+ "tinytemplate",
+ "walkdir",
+]
+
+[[package]]
+name = "criterion-plot"
+version = "0.5.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6b50826342786a51a89e2da3a28f1c32b06e387201bc2d19791f622c673706b1"
+dependencies = [
+ "cast",
+ "itertools",
+]
+
 [[package]]
 name = "crossbeam-channel"
 version = "0.5.6"
@@ -568,6 +683,12 @@ dependencies = [
  "subtle",
 ]
 
+[[package]]
+name = "half"
+version = "1.8.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "eabb4a44450da02c90444cf74558da904edde8fb4e9035a9a6a4e15445af0bd7"
+
 [[package]]
 name = "halo2_gadgets"
 version = "0.2.0"
@@ -601,6 +722,21 @@ dependencies = [
  "tracing",
 ]
 
+[[package]]
+name = "hashbrown"
+version = "0.12.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8a9ee70c43aaf417c914396645a0fa852624801b24ebb7ae78fe8272889ac888"
+
+[[package]]
+name = "hermit-abi"
+version = "0.1.19"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "62b467343b94ba476dcb2500d242dadbb39557df889310ac77c5d99100aaac33"
+dependencies = [
+ "libc",
+]
+
 [[package]]
 name = "hermit-abi"
 version = "0.2.6"
@@ -664,6 +800,16 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "indexmap"
+version = "1.9.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bd070e393353796e801d209ad339e89596eb4c8d430d18ede6a1cced8fafbd99"
+dependencies = [
+ "autocfg",
+ "hashbrown",
+]
+
 [[package]]
 name = "ironfish-phase2"
 version = "0.2.2"
@@ -748,11 +894,26 @@ dependencies = [
  "zcash_proofs",
 ]
 
+[[package]]
+name = "itertools"
+version = "0.10.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b0fd2260e829bddf4cb6ea802289de2f86d6a7a690192fbe91b3f46e0f2c8473"
+dependencies = [
+ "either",
+]
+
+[[package]]
+name = "itoa"
+version = "1.0.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "453ad9f582a441959e5f0d088b02ce04cfe8d51a8eaf077f12ac6d3e94164ca6"
+
 [[package]]
 name = "js-sys"
-version = "0.3.60"
+version = "0.3.61"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "49409df3e3bf0856b916e2ceaca09ee28e6871cf7d9ce97a692cacfdb2a25a47"
+checksum = "445dde2150c55e483f3d8416706b97ec8e8237c307e5b7b4b8dd15e6af2a0730"
 dependencies = [
  "wasm-bindgen",
 ]
@@ -929,7 +1090,7 @@ version = "1.15.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0fac9e2da13b5eb447a6ce3d392f23a29d8694bff781bf03a16cd9ac8697593b"
 dependencies = [
- "hermit-abi",
+ "hermit-abi 0.2.6",
  "libc",
 ]
 
@@ -939,6 +1100,12 @@ version = "1.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6f61fba1741ea2b3d6a1e3178721804bb716a68a6aeba1149b5d52e3d464ea66"
 
+[[package]]
+name = "oorandom"
+version = "11.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0ab1bc2a289d34bd04a330323ac98a1b4bc82c9d9fcb1e66b63caa84da26b575"
+
 [[package]]
 name = "opaque-debug"
 version = "0.3.0"
@@ -973,6 +1140,12 @@ dependencies = [
  "zcash_note_encryption",
 ]
 
+[[package]]
+name = "os_str_bytes"
+version = "6.5.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ceedf44fb00f2d1984b0bc98102627ce622e083e49a5bacdb3e514fa4238e267"
+
 [[package]]
 name = "pairing"
 version = "0.22.0"
@@ -1042,6 +1215,34 @@ version = "0.2.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e0a7ae3ac2f1173085d398531c705756c94a4c56843785df85a60c1a0afac116"
 
+[[package]]
+name = "plotters"
+version = "0.3.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2538b639e642295546c50fcd545198c9d64ee2a38620a628724a3b266d5fbf97"
+dependencies = [
+ "num-traits",
+ "plotters-backend",
+ "plotters-svg",
+ "wasm-bindgen",
+ "web-sys",
+]
+
+[[package]]
+name = "plotters-backend"
+version = "0.3.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "193228616381fecdc1224c62e96946dfbc73ff4384fba576e052ff8c1bea8142"
+
+[[package]]
+name = "plotters-svg"
+version = "0.3.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f9a81d2759aae1dae668f783c308bc5c8ebd191ff4184aaa1b37f65a6ae5a56f"
+dependencies = [
+ "plotters-backend",
+]
+
 [[package]]
 name = "poly1305"
 version = "0.7.2"
@@ -1276,6 +1477,12 @@ version = "1.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "08d43f7aa6b08d49f382cde6a7982047c3426db949b1424bc4b7ec9ae12c6ce2"
 
+[[package]]
+name = "ryu"
+version = "1.0.13"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f91339c0467de62360649f8d3e185ca8de4224ff281f66000de5eb2a77a79041"
+
 [[package]]
 name = "salsa20"
 version = "0.9.0"
@@ -1286,6 +1493,15 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "same-file"
+version = "1.0.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "93fc1dc3aaa9bfed95e02e6eadabb4baf7e3078b0bd1b4d7b6b0b68378900502"
+dependencies = [
+ "winapi-util",
+]
+
 [[package]]
 name = "scopeguard"
 version = "1.1.0"
@@ -1312,6 +1528,17 @@ dependencies = [
  "syn",
 ]
 
+[[package]]
+name = "serde_json"
+version = "1.0.96"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "057d394a50403bcac12672b2b18fb387ab6d289d957dab67dd201875391e52f1"
+dependencies = [
+ "itoa",
+ "ryu",
+ "serde",
+]
+
 [[package]]
 name = "sha2"
 version = "0.9.9"
@@ -1366,6 +1593,12 @@ version = "1.0.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "55937e1799185b12863d447f42597ed69d9928686b8d88a1df17376a097d8369"
 
+[[package]]
+name = "textwrap"
+version = "0.16.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "222a222a5bfe1bba4a77b45ec488a741b3cb8872e5e499451fd7d0129c9c7c3d"
+
 [[package]]
 name = "thiserror"
 version = "1.0.38"
@@ -1414,6 +1647,16 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "tinytemplate"
+version = "1.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "be4d6b5f19ff7664e8c98d03e2139cb510db9b0a60b55f8e8709b689d939b6bc"
+dependencies = [
+ "serde",
+ "serde_json",
+]
+
 [[package]]
 name = "tinyvec"
 version = "1.6.0"
@@ -1516,6 +1759,16 @@ version = "0.9.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "49874b5167b65d7193b8aba1567f5c7d93d001cafc34600cee003eda787e483f"
 
+[[package]]
+name = "walkdir"
+version = "2.3.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "36df944cda56c7d8d8b7496af378e6b16de9284591917d307c9b4d313c44e698"
+dependencies = [
+ "same-file",
+ "winapi-util",
+]
+
 [[package]]
 name = "wasi"
 version = "0.9.0+wasi-snapshot-preview1"
@@ -1530,9 +1783,9 @@ checksum = "9c8d87e72b64a3b4db28d11ce29237c246188f4f51057d65a7eab63b7987e423"
 
 [[package]]
 name = "wasm-bindgen"
-version = "0.2.83"
+version = "0.2.84"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "eaf9f5aceeec8be17c128b2e93e031fb8a4d469bb9c4ae2d7dc1888b26887268"
+checksum = "31f8dcbc21f30d9b8f2ea926ecb58f6b91192c17e9d33594b3df58b2007ca53b"
 dependencies = [
  "cfg-if",
  "wasm-bindgen-macro",
@@ -1540,9 +1793,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-backend"
-version = "0.2.83"
+version = "0.2.84"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4c8ffb332579b0557b52d268b91feab8df3615f265d5270fec2a8c95b17c1142"
+checksum = "95ce90fd5bcc06af55a641a86428ee4229e44e07033963a2290a8e241607ccb9"
 dependencies = [
  "bumpalo",
  "log",
@@ -1555,9 +1808,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-macro"
-version = "0.2.83"
+version = "0.2.84"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "052be0f94026e6cbc75cdefc9bae13fd6052cdcaf532fa6c45e7ae33a1e6c810"
+checksum = "4c21f77c0bedc37fd5dc21f897894a5ca01e7bb159884559461862ae90c0b4c5"
 dependencies = [
  "quote",
  "wasm-bindgen-macro-support",
@@ -1565,9 +1818,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-macro-support"
-version = "0.2.83"
+version = "0.2.84"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "07bc0c051dc5f23e307b13285f9d75df86bfdf816c5721e573dec1f9b8aa193c"
+checksum = "2aff81306fcac3c7515ad4e177f521b5c9a15f2b08f4e32d823066102f35a5f6"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1578,9 +1831,19 @@ dependencies = [
 
 [[package]]
 name = "wasm-bindgen-shared"
-version = "0.2.83"
+version = "0.2.84"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1c38c045535d93ec4f0b4defec448e4291638ee608530863b1e2ba115d4fff7f"
+checksum = "0046fef7e28c3804e5e38bfa31ea2a0f73905319b677e57ebe37e49358989b5d"
+
+[[package]]
+name = "web-sys"
+version = "0.3.61"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e33b99f4b23ba3eec1a53ac264e35a755f00e966e0065077d6027c0f575b0b97"
+dependencies = [
+ "js-sys",
+ "wasm-bindgen",
+]
 
 [[package]]
 name = "winapi"
@@ -1598,6 +1861,15 @@ version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ac3b87c63620426dd9b991e5ce0329eff545bccbbb34f3be09ff6fb6ab51b7b6"
 
+[[package]]
+name = "winapi-util"
+version = "0.1.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "70ec6ce85bb158151cae5e5c87f95a8e97d2c0c4b001223f33a334e3ce5de178"
+dependencies = [
+ "winapi",
+]
+
 [[package]]
 name = "winapi-x86_64-pc-windows-gnu"
 version = "0.4.0"
diff --git a/Cargo.toml b/Cargo.toml
index 975927a49a..f9f280c5ea 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,7 @@
 [workspace]
 
 members = [
+    "benchmarks",
     "ironfish-mpc",
     "ironfish-phase2",
     "ironfish-rust",
diff --git a/README.md b/README.md
index c648761989..044a3cae74 100644
--- a/README.md
+++ b/README.md
@@ -19,9 +19,10 @@ The following steps should only be used to install if you are planning on contri
 1. Install [Rust](https://www.rust-lang.org/learn/get-started).
 1. Install [Yarn](https://classic.yarnpkg.com/en/docs/install).
 1. Windows:
+
    1. Install the current version of Python from the [Microsoft Store package](https://www.microsoft.com/en-us/p/python-310/9pjpw5ldxlz5).
    1. Install Visual C++ Build Environment: [Visual Studio Build Tools](https://visualstudio.microsoft.com/thank-you-downloading-visual-studio/?sku=BuildTools)
-   (using "Visual C++ build tools" or "Desktop development with C++" workload)
+      (using "Visual C++ build tools" or "Desktop development with C++" workload)
 
    If the above steps didn't work for you, please visit [Microsoft's Node.js Guidelines for Windows](https://github.com/Microsoft/nodejs-guidelines/blob/master/windows-environment.md#compiling-native-addon-modules) for additional tips.
 
@@ -60,6 +61,16 @@ Once your environment is set up - you can run the CLI by following [these direct
    1. Run `yarn test:watch` in ./ironfish or ./ironfish-cli if you want the tests to run on change
    1. Run `yarn test:coverage:html` if you want to export the coverage in an easy-to-use format (open the index.html file in the coverage folder of the project)
 
+## Running Benchmarks and Performance Tests
+
+1. Rust benchmarks:
+   - `cargo benchmark` is a cargo alias, defined in `./.cargo/config.toml`
+   1. `cargo benchmark` to run all benchmark tests
+   1. `cargo benchmark -- simple` to run only benchmarks containing the text 'simple' in the name
+1. Typescript benchmarks:
+   1. `cd ironfish`
+   1. `yarn test:perf`
+
 ## Structure of the repository
 
 - [ironfish](./ironfish/README.md): The library that contains the IronfishSDK and all Ironfish code written in TypeScript.
diff --git a/benchmarks/Cargo.toml b/benchmarks/Cargo.toml
new file mode 100644
index 0000000000..95fc91941d
--- /dev/null
+++ b/benchmarks/Cargo.toml
@@ -0,0 +1,30 @@
+[package]
+name = "benchmarks"
+version = "0.1.0"
+license = "MPL-2.0"
+
+[package.authors]
+workspace = true
+
+[package.edition]
+workspace = true
+
+[dependencies]
+criterion = "0.4"
+ironfish_rust = { path = "../ironfish-rust", features = ["benchmark"] }
+
+[[bench]]
+name = "asset"
+harness = false
+
+[[bench]]
+name = "merkle_note"
+harness = false
+
+[[bench]]
+name = "sapling_key"
+harness = false
+
+[[bench]]
+name = "transaction"
+harness = false
diff --git a/benchmarks/README.md b/benchmarks/README.md
new file mode 100644
index 0000000000..8a54f3b2a5
--- /dev/null
+++ b/benchmarks/README.md
@@ -0,0 +1,11 @@
+# benchmarks
+
+A collection of benchmarks and other related performance tests.
+
+These are for development purposes only and do not get shipped with the Node. As such, changes in this package do not require a version bump for releases.
+
+## Usage
+
+`cargo benchmark` - run all benchmarks
+
+`cargo benchmark -- simple` - run benchmarks with "simple" in the name.
diff --git a/benchmarks/benches/asset.rs b/benchmarks/benches/asset.rs
new file mode 100644
index 0000000000..5afe86a60e
--- /dev/null
+++ b/benchmarks/benches/asset.rs
@@ -0,0 +1,47 @@
+use criterion::{black_box, criterion_group, criterion_main, BatchSize, Criterion};
+use ironfish_rust::{
+    assets::asset::{Asset, METADATA_LENGTH, NAME_LENGTH},
+    SaplingKey,
+};
+
+pub fn new(c: &mut Criterion) {
+    c.bench_function("asset::new", |b| {
+        b.iter_batched(
+            // Setup
+            || {
+                let key = SaplingKey::generate_key();
+                key.public_address()
+            },
+            // Benchmark
+            |addr| {
+                Asset::new(addr, black_box("asset"), black_box("metadata")).unwrap();
+            },
+            BatchSize::SmallInput,
+        );
+    });
+}
+
+pub fn new_with_nonce(c: &mut Criterion) {
+    c.bench_function("asset::new_with_nonce", |b| {
+        b.iter_batched(
+            // Setup
+            || {
+                let key = SaplingKey::generate_key();
+                key.public_address()
+            },
+            // Benchmark
+            |addr| {
+                let _ = Asset::new_with_nonce(
+                    addr,
+                    black_box([b'a'; NAME_LENGTH]),
+                    black_box([b'b'; METADATA_LENGTH]),
+                    0,
+                );
+            },
+            BatchSize::SmallInput,
+        );
+    });
+}
+
+criterion_group!(benches, new, new_with_nonce);
+criterion_main!(benches);
diff --git a/benchmarks/benches/merkle_note.rs b/benchmarks/benches/merkle_note.rs
new file mode 100644
index 0000000000..5ad7a33f5d
--- /dev/null
+++ b/benchmarks/benches/merkle_note.rs
@@ -0,0 +1,70 @@
+use criterion::{criterion_group, criterion_main, BatchSize, Criterion};
+use ironfish_rust::{
+    assets::asset_identifier::NATIVE_ASSET, keys::EphemeralKeyPair, MerkleNote, Note, SaplingKey,
+    ValueCommitment,
+};
+
+pub fn decrypt_note_for_spender(c: &mut Criterion) {
+    c.bench_function("merkle_note::decrypt_note_for_spender", |b| {
+        b.iter_batched(
+            // Setup
+            || {
+                let spender_key = SaplingKey::generate_key();
+                let receiver_key = SaplingKey::generate_key();
+
+                let note = Note::new(
+                    receiver_key.public_address(),
+                    42,
+                    "",
+                    NATIVE_ASSET,
+                    spender_key.public_address(),
+                );
+
+                let ekp = EphemeralKeyPair::new();
+                let value_commitment = ValueCommitment::new(note.value(), note.asset_generator());
+                let merkle_note = MerkleNote::new(&spender_key, &note, &value_commitment, &ekp);
+
+                return (spender_key.outgoing_view_key().clone(), merkle_note);
+            },
+            // Benchmark
+            |(ovk, merkle_note)| {
+                merkle_note.decrypt_note_for_spender(&ovk).unwrap();
+            },
+            BatchSize::SmallInput,
+        );
+    });
+}
+
+pub fn decrypt_note_for_owner(c: &mut Criterion) {
+    c.bench_function("merkle_note::decrypt_note_for_owner", |b| {
+        b.iter_batched(
+            // Setup
+            || {
+                let spender_key = SaplingKey::generate_key();
+                let receiver_key = SaplingKey::generate_key();
+
+                let note = Note::new(
+                    receiver_key.public_address(),
+                    42,
+                    "",
+                    NATIVE_ASSET,
+                    spender_key.public_address(),
+                );
+
+                let ekp = EphemeralKeyPair::new();
+                let value_commitment = ValueCommitment::new(note.value(), note.asset_generator());
+                let merkle_note = MerkleNote::new(&spender_key, &note, &value_commitment, &ekp);
+
+                return (receiver_key.incoming_view_key().clone(), merkle_note);
+            },
+            // Benchmark
+            |(ivk, merkle_note)| {
+                merkle_note.decrypt_note_for_owner(&ivk).unwrap();
+            },
+            BatchSize::SmallInput,
+        );
+    });
+}
+
+criterion_group!(benches, decrypt_note_for_spender, decrypt_note_for_owner);
+criterion_main!(benches);
diff --git a/benchmarks/benches/sapling_key.rs b/benchmarks/benches/sapling_key.rs
new file mode 100644
index 0000000000..0df95a8094
--- /dev/null
+++ b/benchmarks/benches/sapling_key.rs
@@ -0,0 +1,13 @@
+use criterion::{criterion_group, criterion_main, Criterion};
+use ironfish_rust::SaplingKey;
+
+pub fn generate_key(c: &mut Criterion) {
+    c.bench_function("sapling_key::generate_key", |b| {
+        b.iter(|| {
+            SaplingKey::generate_key();
+        });
+    });
+}
+
+criterion_group!(benches, generate_key);
+criterion_main!(benches);
diff --git a/benchmarks/benches/transaction.rs b/benchmarks/benches/transaction.rs
new file mode 100644
index 0000000000..66ebbc028c
--- /dev/null
+++ b/benchmarks/benches/transaction.rs
@@ -0,0 +1,69 @@
+use benchmarks::slow_config;
+use criterion::{criterion_group, criterion_main, Criterion};
+use ironfish_rust::{
+    assets::{asset::Asset, asset_identifier::NATIVE_ASSET},
+    test_util::make_fake_witness,
+    Note, ProposedTransaction, SaplingKey,
+};
+
+pub fn simple(c: &mut Criterion) {
+    let key = SaplingKey::generate_key();
+    let public_address = key.public_address();
+
+    let spend_note = Note::new(public_address, 42, "", NATIVE_ASSET, public_address);
+    let witness = make_fake_witness(&spend_note);
+
+    let out_note = Note::new(public_address, 41, "", NATIVE_ASSET, public_address);
+
+    c.bench_function("transaction::simple", |b| {
+        b.iter(|| {
+            let mut proposed = ProposedTransaction::new(key.clone());
+
+            proposed.add_spend(spend_note.clone(), &witness).unwrap();
+            proposed.add_output(out_note.clone()).unwrap();
+
+            let tx = proposed.post(None, 1).unwrap();
+
+            assert_eq!(tx.spends().len(), 1);
+            assert_eq!(tx.outputs().len(), 1);
+        })
+    });
+}
+
+pub fn all_descriptions(c: &mut Criterion) {
+    let key = SaplingKey::generate_key();
+    let public_address = key.public_address();
+
+    let spend_note = Note::new(public_address, 42, "", NATIVE_ASSET, public_address);
+    let witness = make_fake_witness(&spend_note);
+
+    let out_note = Note::new(public_address, 41, "", NATIVE_ASSET, public_address);
+
+    let asset = Asset::new(public_address, "Testcoin", "A really cool coin").unwrap();
+    let asset_value = 10;
+
+    c.bench_function("transaction::all_descriptions", |b| {
+        b.iter(|| {
+            let mut proposed = ProposedTransaction::new(key.clone());
+
+            proposed.add_spend(spend_note.clone(), &witness).unwrap();
+            proposed.add_output(out_note.clone()).unwrap();
+            proposed.add_mint(asset, asset_value).unwrap();
+            proposed.add_burn(*asset.id(), asset_value).unwrap();
+
+            let tx = proposed.post(None, 1).unwrap();
+
+            assert_eq!(tx.spends().len(), 1);
+            assert_eq!(tx.outputs().len(), 1);
+            assert_eq!(tx.mints().len(), 1);
+            assert_eq!(tx.burns().len(), 1);
+        })
+    });
+}
+
+criterion_group! {
+    name = slow_benches;
+    config = slow_config();
+    targets = simple, all_descriptions
+}
+criterion_main!(slow_benches);
diff --git a/benchmarks/src/lib.rs b/benchmarks/src/lib.rs
new file mode 100644
index 0000000000..c25e86264f
--- /dev/null
+++ b/benchmarks/src/lib.rs
@@ -0,0 +1,12 @@
+use std::time::Duration;
+
+use criterion::Criterion;
+
+pub const LONG_BENCH_DURATION: Duration = Duration::from_secs(60);
+pub const LONG_BENCH_SAMPLE_SIZE: usize = 50;
+
+pub fn slow_config() -> Criterion {
+    Criterion::default()
+        .measurement_time(LONG_BENCH_DURATION)
+        .sample_size(LONG_BENCH_SAMPLE_SIZE)
+}
diff --git a/ironfish-rust/Cargo.toml b/ironfish-rust/Cargo.toml
index aac84444aa..62c6498a06 100644
--- a/ironfish-rust/Cargo.toml
+++ b/ironfish-rust/Cargo.toml
@@ -9,6 +9,9 @@ workspace = true
 [package.edition]
 workspace = true
 
+[features]
+benchmark = []
+
 [lib]
 name = "ironfish_rust"
 path = "src/lib.rs"
diff --git a/ironfish-rust/src/lib.rs b/ironfish-rust/src/lib.rs
index a32b9ab661..9852c64242 100644
--- a/ironfish-rust/src/lib.rs
+++ b/ironfish-rust/src/lib.rs
@@ -30,8 +30,11 @@ pub use {
     },
 };
 
-#[cfg(test)]
-pub(crate) mod test_util; // I'm not sure if this is the right way to publish the utility library.
+#[cfg(any(test, feature = "benchmark"))]
+pub mod test_util;
+
+#[cfg(feature = "benchmark")]
+pub use ironfish_zkp::primitives::ValueCommitment;
 
 // The main entry-point to the sapling API. Construct this with loaded parameters, and then call
 // methods on it to do the actual work.
diff --git a/ironfish-rust/src/test_util.rs b/ironfish-rust/src/test_util.rs
index ca8283d478..47254864b8 100644
--- a/ironfish-rust/src/test_util.rs
+++ b/ironfish-rust/src/test_util.rs
@@ -7,13 +7,13 @@ use super::{
     witness::{Witness, WitnessNode},
     MerkleNoteHash,
 };
+use bls12_381::Scalar;
 use ironfish_zkp::constants::TREE_DEPTH;
 use rand::{thread_rng, Rng};
 
 /// Given a note, construct a Witness with a valid root_hash and authentication
 /// path placing that note at a random location in a Merkle tree.
-#[cfg(test)]
-pub(crate) fn make_fake_witness(note: &Note) -> Witness {
+pub fn make_fake_witness(note: &Note) -> Witness {
     let mut rng = thread_rng();
     let mut buffer = [0u8; 64];
     thread_rng().fill(&mut buffer[..]);
@@ -39,8 +39,6 @@ pub(crate) fn make_fake_witness(note: &Note) -> Witness {
 /// Currently marked for test-only compilation,
 /// but it may be useful to publish
 /// something like this in the future.
-#[cfg(test)]
-use bls12_381::Scalar;
 
 pub(crate) fn auth_path_to_root_hash(
     auth_path: &[WitnessNode<Scalar>],
diff --git a/ironfish-rust/src/transaction/mod.rs b/ironfish-rust/src/transaction/mod.rs
index 4a6f7959e4..691d413d8f 100644
--- a/ironfish-rust/src/transaction/mod.rs
+++ b/ironfish-rust/src/transaction/mod.rs
@@ -642,6 +642,14 @@ impl Transaction {
         &self.outputs
     }
 
+    pub fn mints(&self) -> &Vec<MintDescription> {
+        &self.mints
+    }
+
+    pub fn burns(&self) -> &Vec<BurnDescription> {
+        &self.burns
+    }
+
     /// Get the transaction fee for this transaction. Miners should generally
     /// expect this to be positive (or they would lose money mining it!).
     /// The miners_fee transaction would be a special case.