diff --git a/README.md b/README.md
index 1177484c1bb..98803658175 100644
--- a/README.md
+++ b/README.md
@@ -171,6 +171,23 @@ Or for visionOS:
 ```
 > python OpenUSD/build_scripts/build_usd.py --build-target visionOS --build-monolithic /path/to/my_usd_install_dir
 ```
+###### Framework Builds (Experimental)
+
+Builds for Apple platforms may optionally build as a framework using the `--build-apple-framework` flag. 
+
+**NOTE:** This feature is experimental and may change how it functions in future OpenUSD versions.
+
+- Framework builds are enabled by default for iOS and visionOS build targets. It can optionally be enabled for macOS.
+- Framework builds require monolithic builds. 
+- Building a universal macOS framework is currently not supported. Please generate the arches separately and `lipo` 
+  them together after.
+
+To add the Framework to your application, add `OpenUSD.framework` to your Xcode project.
+It is recommended to set it to `Embed and Sign`.
+
+To setup headers, configure the Xcode `SYSTEM_HEADER_SEARCH_PATHS` to add the path to your headers. e.g
+`$(SRCROOT)/OpenUSD.framework/Headers` if the framework exists in your projects root. 
+
 
 ##### Windows:
 
diff --git a/build_scripts/build_usd.py b/build_scripts/build_usd.py
index 8b1c67c2355..b240e26aad0 100644
--- a/build_scripts/build_usd.py
+++ b/build_scripts/build_usd.py
@@ -1077,6 +1077,9 @@ def _RunBuild(arch):
             if MacOSTargetEmbedded(context):
                 env["SDKROOT"] = apple_utils.GetSDKRoot(context)
                 buildArgs.append(f' compiler=clang arch=arm64 extra_inc=big_iron.inc target={context.buildTarget.lower()}')
+            if context.buildAppleFramework:
+                # Force build of static libs as well
+                buildArgs.append(f" extra_inc=big_iron.inc ")
             makeTBBCmd = 'make -j{procs} arch={arch} {buildArgs}'.format(
                 arch=arch, procs=context.numJobs,
                 buildArgs=" ".join(buildArgs))
@@ -1547,9 +1550,7 @@ def InstallDraco(context, force, buildArgs):
 
 def InstallMaterialX(context, force, buildArgs):
     with CurrentWorkingDirectory(DownloadURL(MATERIALX_URL, context, force)):
-        cmakeOptions = ['-DMATERIALX_BUILD_SHARED_LIBS=ON',
-                        '-DMATERIALX_BUILD_TESTS=OFF'
-        ]
+        cmakeOptions = ['-DMATERIALX_BUILD_TESTS=OFF']
 
         if MacOSTargetEmbedded(context):
             # The materialXShaderGen in hdSt assumes the GLSL shadergen is
@@ -1569,6 +1570,10 @@ def InstallMaterialX(context, force, buildArgs):
                         '        add_subdirectory(source/MaterialXRenderGlsl)\n' +
                         '    endif()')
                        ], multiLineMatches=True)
+        if MacOS() and context.buildAppleFramework:
+            cmakeOptions.extend(["-DMATERIALX_BUILD_SHARED_LIBS=OFF"])
+        else:
+            cmakeOptions.extend(["-DMATERIALX_BUILD_SHARED_LIBS=ON"])
 
         cmakeOptions += buildArgs
         RunCMake(context, force, cmakeOptions)
@@ -1840,6 +1845,8 @@ def InstallUSD(context, force, buildArgs):
         if Windows():
             # Increase the precompiled header buffer limit.
             extraArgs.append('-DCMAKE_CXX_FLAGS="/Zm150"')
+        if MacOS():
+            extraArgs.append(f"-DPXR_BUILD_APPLE_FRAMEWORK={'ON' if context.buildAppleFramework else 'OFF'}")
 
         # Make sure to use boost installed by the build script and not any
         # system installed boost
@@ -1967,6 +1974,12 @@ def InstallUSD(context, force, buildArgs):
                        help=("Build target for macOS cross compilation. "
                              "(default: {})".format(
                                 apple_utils.GetBuildTargetDefault())))
+    subgroup = group.add_mutually_exclusive_group()
+    subgroup.add_argument("--build-apple-framework", dest="build_apple_framework", action="store_true",
+                          help="Build USD as an Apple Framework (Default if using embedded platforms)")
+    subgroup.add_argument("--no-build-apple-framework", dest="no_build_apple_framework", action="store_true",
+                          help="Do not build USD as an Apple Framework (Default if macOS)")
+
     if apple_utils.IsHostArm():
         # Intel Homebrew stores packages in /usr/local which unfortunately can
         # be where a lot of other things are too. So we only add this flag on arm macs.
@@ -2315,6 +2328,12 @@ def __init__(self, args):
                  else False)
             if apple_utils.IsHostArm() and args.ignore_homebrew:
                 self.ignorePaths.append("/opt/homebrew")
+
+            self.buildAppleFramework = ((args.build_apple_framework or MacOSTargetEmbedded(self))
+                                        and not args.no_build_apple_framework)
+            if self.buildAppleFramework:
+                    self.buildShared = False
+                    self.buildMonolithic = True
         else:
             self.buildTarget = ""
 
@@ -2327,7 +2346,7 @@ def __init__(self, args):
         self.forceBuild = [dep.lower() for dep in args.force_build]
 
         # Some components are disabled for embedded build targets
-        embedded = MacOSTargetEmbedded(self)
+        embedded = (MacOS() and (MacOSTargetEmbedded(self) or self.buildAppleFramework))
 
         # Optional components
         self.buildTests = args.build_tests and not embedded
@@ -2669,6 +2688,11 @@ def _JoinVersion(v):
     Use C++11 ABI               {useCXX11ABI}
 """
 
+if MacOS():
+    summaryMsg += """\
+    Framework Build             {buildAppleFramework}
+""".format(buildAppleFramework=("On" if context.buildAppleFramework else "Off"))
+
 summaryMsg += """\
     Variant                     {buildVariant}
     Target                      {buildTarget}
@@ -2866,3 +2890,9 @@ def FormatBuildArguments(buildArgs):
 if context.buildPrman:
     Print("See documentation at http://openusd.org/docs/RenderMan-USD-Imaging-Plugin.html "
           "for setting up the RenderMan plugin.\n")
+
+if MacOS() and context.buildAppleFramework:
+    Print("""
+        Add the following framework to your Xcode Project, and add the headers folder within to your search path:
+        OpenUSD.framework
+    """)
\ No newline at end of file
diff --git a/cmake/defaults/CXXDefaults.cmake b/cmake/defaults/CXXDefaults.cmake
index 5259eb9815a..c13fa39bbd2 100644
--- a/cmake/defaults/CXXDefaults.cmake
+++ b/cmake/defaults/CXXDefaults.cmake
@@ -86,3 +86,12 @@ if (PXR_PREFER_SAFETY_OVER_SPEED)
 else()
    set(PXR_PREFER_SAFETY_OVER_SPEED "0")
 endif()
+
+# Set that Apple Framework is being build
+if (PXR_BUILD_APPLE_FRAMEWORK)
+    _add_define("PXR_BUILD_APPLE_FRAMEWORK")
+endif()
+
+if(NOT PXR_EXTRA_BINARY_RELATIVE_RESOURCES STREQUAL "")
+    _add_define("PXR_EXTRA_BINARY_RELATIVE_RESOURCES=${PXR_EXTRA_BINARY_RELATIVE_RESOURCES}")
+endif()
\ No newline at end of file
diff --git a/cmake/defaults/Options.cmake b/cmake/defaults/Options.cmake
index 2b4edec8d8b..0fea80abb06 100644
--- a/cmake/defaults/Options.cmake
+++ b/cmake/defaults/Options.cmake
@@ -70,6 +70,20 @@ if(APPLE)
             set(PXR_ENABLE_OPENVDB_SUPPORT OFF)
         endif()
     endif ()
+
+    option(PXR_BUILD_APPLE_FRAMEWORK "Builds an Apple Framework." ${PXR_APPLE_EMBEDDED})
+    set(PXR_APPLE_FRAMEWORK_NAME "OpenUSD" CACHE STRING "Name to provide Apple Framework build")
+    set(PXR_APPLE_IDENTIFIER_DOMAIN "org.openusd" CACHE STRING "Name to provide Apple Framework build")
+    if (${PXR_BUILD_APPLE_FRAMEWORK})
+        if(${PXR_BUILD_USD_TOOLS})
+            MESSAGE(STATUS "Setting PXR_BUILD_USD_TOOLS=OFF because PXR_BUILD_APPLE_FRAMEWORK is enabled.")
+        endif()
+        set(PXR_BUILD_USD_TOOLS OFF)
+        if(${PXR_ENABLE_PYTHON_SUPPORT})
+            MESSAGE(STATUS "Setting PXR_ENABLE_PYTHON_SUPPORT=OFF because PXR_BUILD_APPLE_FRAMEWORK is enabled.")
+        endif ()
+        set(PXR_ENABLE_PYTHON_SUPPORT OFF)
+    endif()
 endif()
 
 
@@ -159,7 +173,21 @@ set(PXR_EXTRA_PLUGINS ""
     CACHE
     INTERNAL
     "Aggregation of extra plugin directories containing a plugInfo.json.")
+set(PXR_EXTRA_BINARY_RELATIVE_RESOURCES ""
+        CACHE
+        STRING
+        "An optional resources folder relative to the binary to look for resources.")
 
+if (${PXR_BUILD_APPLE_FRAMEWORK})
+    MESSAGE(STATUS "Framework build requires monolithic builds.")
+    set(PXR_BUILD_MONOLITHIC ON)
+    set(BUILD_SHARED_LIBS OFF)
+    if(PXR_APPLE_EMBEDDED)
+        set(PXR_EXTRA_BINARY_RELATIVE_RESOURCES "Assets")
+    else()
+        set(PXR_EXTRA_BINARY_RELATIVE_RESOURCES "Resources")
+    endif()
+endif ()
 # Resolve options that depend on one another so that subsequent .cmake scripts
 # all have the final value for these options.
 if (${PXR_BUILD_USD_IMAGING} AND NOT ${PXR_BUILD_IMAGING})
diff --git a/cmake/macros/Private.cmake b/cmake/macros/Private.cmake
index 6fe1134c14e..a6d7b7abaf5 100644
--- a/cmake/macros/Private.cmake
+++ b/cmake/macros/Private.cmake
@@ -691,6 +691,11 @@ function(_pxr_add_rpath rpathRef target)
 endfunction()
 
 function(_pxr_install_rpath rpathRef NAME)
+    if (PXR_BUILD_APPLE_FRAMEWORK)
+        # Apple Frameworks already fix the install path at the end
+        # so this maks things faster and reduces duplication errors
+        return()
+    endif()
     # Get and remove the origin.
     list(GET ${rpathRef} 0 origin)
     set(rpath ${${rpathRef}})
@@ -1538,3 +1543,33 @@ function(_pxr_library NAME)
         endif()
     endif()
 endfunction() # _pxr_library
+
+function(pxr_create_apple_framework)
+    # This function is used to create a framework build after the primary build is complete
+    # We could optionally have used the FRAMEWORK CMAKE Property (https://cmake.org/cmake/help/latest/prop_tgt/FRAMEWORK.html)
+    # However, the changes to make it work with the OpenUSD install process would have been significantly more
+    # invasive to orchestrate all the post-install steps that USD does.
+    # In the future, we can work towards making this
+
+    # CMake can have a lot of different boolean representations,
+    # that need to be narrowed down to a constant form for zsh
+    if (PXR_APPLE_EMBEDDED)
+        set(EMBEDDED_BUILD "true")
+    else()
+        set(EMBEDDED_BUILD "false")
+    endif()
+
+    _get_library_prefix(LIB_PREFIX)
+    if(TARGET usd_ms)
+        set(FRAMEWORK_ROOT_LIBRARY_NAME "${LIB_PREFIX}usd_ms.dylib")
+    else()
+        set(FRAMEWORK_ROOT_LIBRARY_NAME "${LIB_PREFIX}usd.dylib")
+    endif()
+
+    # Install the Info.plist and shell script
+    configure_file(cmake/resources/Info.plist.in "${PROJECT_BINARY_DIR}/Info.plist" @ONLY)
+    configure_file(cmake/resources/AppleFrameworkBuild.zsh.in "${PROJECT_BINARY_DIR}/AppleFrameworkBuild.zsh" @ONLY)
+
+    # Run the shell script for the primary configuration
+    install(CODE "execute_process(COMMAND zsh ${PROJECT_BINARY_DIR}/AppleFrameworkBuild.zsh )")
+endfunction() # pxr_create_apple_framework
\ No newline at end of file
diff --git a/cmake/macros/Public.cmake b/cmake/macros/Public.cmake
index 807cf7d83f1..f4740a050c9 100644
--- a/cmake/macros/Public.cmake
+++ b/cmake/macros/Public.cmake
@@ -1234,6 +1234,11 @@ function(pxr_toplevel_epilogue)
     # Setup the plugins in the top epilogue to ensure that everybody has had a
     # chance to update PXR_EXTRA_PLUGINS with their plugin paths.
     pxr_setup_plugins()
+
+    if (PXR_BUILD_APPLE_FRAMEWORK)
+        pxr_create_apple_framework()
+    endif ()
+
 endfunction() # pxr_toplevel_epilogue
 
 function(pxr_monolithic_epilogue)
diff --git a/cmake/modules/FindOpenSubdiv.cmake b/cmake/modules/FindOpenSubdiv.cmake
index 77bdb27ca5c..a8fd3ecd989 100644
--- a/cmake/modules/FindOpenSubdiv.cmake
+++ b/cmake/modules/FindOpenSubdiv.cmake
@@ -78,9 +78,13 @@ endif()
 SET(_opensubdiv_LIBRARIES)
 FOREACH(COMPONENT ${_opensubdiv_FIND_COMPONENTS})
   STRING(TOUPPER ${COMPONENT} UPPERCOMPONENT)
+  set(_lib_name ${COMPONENT})
+  if (APPLE AND PXR_BUILD_APPLE_FRAMEWORK)
+      set(_lib_name lib${COMPONENT}.a)
+  endif ()
   FIND_LIBRARY(OPENSUBDIV_${UPPERCOMPONENT}_LIBRARY
     NAMES
-      ${COMPONENT}
+      ${_lib_name}
     HINTS
       ${_opensubdiv_SEARCH_DIRS}
     PATH_SUFFIXES
diff --git a/cmake/modules/FindTBB.cmake b/cmake/modules/FindTBB.cmake
index a0726bb80b0..d46aef32246 100644
--- a/cmake/modules/FindTBB.cmake
+++ b/cmake/modules/FindTBB.cmake
@@ -246,13 +246,22 @@ if(NOT TBB_FOUND)
         set(_lib_name ${_comp})
       endif()
 
+      set(_lib_names_release ${_lib_name})
+      set(_lib_names_debug ${_lib_name}_debug)
+
+      if (APPLE AND PXR_BUILD_APPLE_FRAMEWORK)
+        # When building a monolithic framework, it's best to take the static lib
+        set(_lib_names_release lib${_lib_name}.a)
+        set(_lib_names_debug lib${_lib_name}_debug.a)
+      endif ()
+
       # Search for the libraries
-      find_library(TBB_${_comp}_LIBRARY_RELEASE ${_lib_name}
+      find_library(TBB_${_comp}_LIBRARY_RELEASE NAMES ${_lib_names_release}
           HINTS ${TBB_LIBRARY} ${TBB_SEARCH_DIR}
           PATHS ${TBB_DEFAULT_SEARCH_DIR} ENV LIBRARY_PATH
           PATH_SUFFIXES ${TBB_LIB_PATH_SUFFIX})
 
-      find_library(TBB_${_comp}_LIBRARY_DEBUG ${_lib_name}_debug
+      find_library(TBB_${_comp}_LIBRARY_DEBUG NAMES ${_lib_names_debug}
           HINTS ${TBB_LIBRARY} ${TBB_SEARCH_DIR}
           PATHS ${TBB_DEFAULT_SEARCH_DIR} ENV LIBRARY_PATH
           PATH_SUFFIXES ${TBB_LIB_PATH_SUFFIX})
diff --git a/cmake/resources/AppleFrameworkBuild.zsh.in b/cmake/resources/AppleFrameworkBuild.zsh.in
new file mode 100644
index 00000000000..d484f4f4c21
--- /dev/null
+++ b/cmake/resources/AppleFrameworkBuild.zsh.in
@@ -0,0 +1,87 @@
+#!/bin/zsh
+
+# Creates an Apple framework for the given platform type
+# documentation: https://developer.apple.com/documentation/bundleresources/placing_content_in_a_bundle
+#                https://developer.apple.com/library/archive/documentation/MacOSX/Conceptual/BPFrameworks/Concepts/FrameworkAnatomy.html
+# We use this instead of setting the FRAMEWORK property on the monolithic target to reduce how invasive a change this might be.
+# See pxr_create_apple_framework in Public.cmake for more details
+echo "⌛️ Creating @PXR_APPLE_FRAMEWORK_NAME@ ..."
+
+# Variables are substituted by CMake
+CMAKE_INSTALL_PREFIX="@CMAKE_INSTALL_PREFIX@"
+PROJECT_BINARY_DIR="@PROJECT_BINARY_DIR@"
+
+FRAMEWORK_NAME="@PXR_APPLE_FRAMEWORK_NAME@"
+FRAMEWORK_DIR="${CMAKE_INSTALL_PREFIX}/frameworks/${FRAMEWORK_NAME}.framework"
+FRAMEWORK_LIBRARIES_DIR="${FRAMEWORK_DIR}/Libraries"
+FRAMEWORK_ROOT_LIBRARY_NAME="@FRAMEWORK_ROOT_LIBRARY_NAME@"
+EMBEDDED_BUILD=@EMBEDDED_BUILD@
+APPLY_HEADER_PREFIX=@APPLY_HEADER_PREFIX@
+FRAMEWORK_RESOURCES_DIR="${FRAMEWORK_DIR}"
+MATERIALX_SOURCE_LIBRARIES="${CMAKE_INSTALL_PREFIX}/libraries/"
+BUNDLE_IDENTIFIER="@PXR_APPLE_IDENTIFIER_DOMAIN@.@PXR_APPLE_FRAMEWORK_NAME@"
+CODESIGN_ID="@CMAKE_XCODE_ATTRIBUTE_CODE_SIGN_IDENTITY@"
+OLD_RC_PATH="${CMAKE_INSTALL_PREFIX}/lib"
+
+
+# Remove the existing directory if it exists
+if [ -d ${FRAMEWORK_DIR} ]; then
+  echo "Removing existing framework";
+  rm -Rf ${FRAMEWORK_DIR};
+fi
+
+# Create the parent directory
+echo "Creating Framework Directory: ${FRAMEWORK_DIR}"
+mkdir -p ${FRAMEWORK_DIR}
+
+if [ "$EMBEDDED_BUILD" = true ];then
+  FRAMEWORK_RESOURCES_DIR="${FRAMEWORK_DIR}/Assets"
+  FRAMEWORK_PLIST_LOCATION="${FRAMEWORK_DIR}/Info.plist"
+  FRAMEWORK_HEADERS_DIR="${FRAMEWORK_DIR}/Headers"
+  FRAMEWORK_LIB_PATH=""${FRAMEWORK_DIR}/${FRAMEWORK_NAME}""
+  FRAMEWORK_LINKER_PATH="@rpath/Frameworks/${FRAMEWORK_NAME}.framework/${FRAMEWORK_NAME}"
+else
+  FRAMEWORK_RESOURCES_DIR="${FRAMEWORK_DIR}/Versions/A/Resources/"
+  FRAMEWORK_PLIST_LOCATION="${FRAMEWORK_DIR}/Versions/A/Resources/Info.plist"
+  FRAMEWORK_HEADERS_DIR="${FRAMEWORK_DIR}/Versions/A/Headers"
+  FRAMEWORK_LIB_PATH="${FRAMEWORK_DIR}/Versions/A/${FRAMEWORK_NAME}"
+  FRAMEWORK_LINKER_PATH="@rpath/${FRAMEWORK_NAME}.framework/${FRAMEWORK_NAME}"
+fi
+
+echo "Creating Resources Root: ${FRAMEWORK_RESOURCES_DIR}"
+mkdir -p ${FRAMEWORK_RESOURCES_DIR}
+
+echo "Creating Headers Root: ${FRAMEWORK_HEADERS_DIR}"
+mkdir -p ${FRAMEWORK_HEADERS_DIR}
+
+# Copy the plist over
+echo "Copying files into ${FRAMEWORK_DIR}"
+ditto "${PROJECT_BINARY_DIR}/Info.plist" "${FRAMEWORK_PLIST_LOCATION}"
+
+
+# Copy the MaterialX libraries if they exist
+if [ -d "${MATERIALX_SOURCE_LIBRARIES}" ]; then
+  ditto ${MATERIALX_SOURCE_LIBRARIES} "${FRAMEWORK_RESOURCES_DIR}/libraries/"
+fi
+
+
+# Copy the primary directories over
+ditto "${CMAKE_INSTALL_PREFIX}/include/" ${FRAMEWORK_HEADERS_DIR}
+ditto "${CMAKE_INSTALL_PREFIX}/plugin/usd/" "${FRAMEWORK_RESOURCES_DIR}/usd"
+ditto "${CMAKE_INSTALL_PREFIX}/lib/usd/" "${FRAMEWORK_RESOURCES_DIR}/usd"
+
+cp "${CMAKE_INSTALL_PREFIX}/lib/${FRAMEWORK_ROOT_LIBRARY_NAME}" "${FRAMEWORK_LIB_PATH}"
+
+# Setup symlinks
+if [ "$EMBEDDED_BUILD" = false ];then
+  (cd "${FRAMEWORK_DIR}/Versions" && ln -s "A" "Current")
+  (cd ${FRAMEWORK_DIR} && ln -s "Versions/Current/Resources" "Resources")
+  (cd ${FRAMEWORK_DIR} && ln -s "Versions/Current/Headers" "Headers")
+  (cd ${FRAMEWORK_DIR} && ln -s "Versions/Current/${FRAMEWORK_NAME}" ${FRAMEWORK_NAME})
+fi
+
+# Fix the linkage on the primary dylib
+install_name_tool -id "${FRAMEWORK_LINKER_PATH}" "${FRAMEWORK_DIR}/${FRAMEWORK_NAME}"
+install_name_tool -change "@rpath/libusd_ms.dylib" "${FRAMEWORK_LINKER_PATH}" "${FRAMEWORK_DIR}/${FRAMEWORK_NAME}"
+
+echo "✅ Finished creating framework at ${FRAMEWORK_DIR}"
\ No newline at end of file
diff --git a/cmake/resources/Info.plist.in b/cmake/resources/Info.plist.in
new file mode 100644
index 00000000000..90f3976502b
--- /dev/null
+++ b/cmake/resources/Info.plist.in
@@ -0,0 +1,24 @@
+<?xml version="1.0" encoding="UTF-8"?>
+<!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd">
+<plist version="1.0">
+<dict>
+    <key>CFBundleDevelopmentRegion</key>
+    <string>en</string>
+    <key>CFBundleExecutable</key>
+    <string>@PXR_APPLE_FRAMEWORK_NAME@</string>
+    <key>CFBundleIdentifier</key>
+    <string>@PXR_APPLE_IDENTIFIER_DOMAIN@.@PXR_APPLE_FRAMEWORK_NAME@</string>
+    <key>CFBundleInfoDictionaryVersion</key>
+    <string>6.0</string>
+    <key>CFBundleName</key>
+    <string>@PXR_APPLE_FRAMEWORK_NAME@</string>
+    <key>CFBundlePackageType</key>
+    <string>FMWK</string>
+    <key>CFBundleShortVersionString</key>
+    <string>@PXR_MAJOR_VERSION@.@PXR_MINOR_VERSION@.@PXR_PATCH_VERSION@</string>
+    <key>CFBundleVersion</key>
+    <string>@PXR_VERSION@</string>
+    <key>CSResourcesFileMapped</key>
+    <true />
+</dict>
+</plist>
\ No newline at end of file
diff --git a/pxr/base/plug/initConfig.cpp b/pxr/base/plug/initConfig.cpp
index 12ca61a963e..46c61b08a32 100644
--- a/pxr/base/plug/initConfig.cpp
+++ b/pxr/base/plug/initConfig.cpp
@@ -93,6 +93,11 @@ ARCH_CONSTRUCTOR(Plug_InitConfig, 2)
     _AppendPathList(&result, buildLocation, binaryPath);
     _AppendPathList(&result, pluginBuildLocation, binaryPath);
 
+#ifdef PXR_EXTRA_BINARY_RELATIVE_RESOURCES
+    std::string relativeResourcePath = std::string(TF_PP_STRINGIZE(PXR_EXTRA_BINARY_RELATIVE_RESOURCES)) + "/usd";
+    _AppendPathList(&result, relativeResourcePath, binaryPath);
+#endif
+
 #ifdef PXR_INSTALL_LOCATION
     _AppendPathList(&result, installLocation, binaryPath);
 #endif // PXR_INSTALL_LOCATION
diff --git a/pxr/usd/usdMtlx/utils.cpp b/pxr/usd/usdMtlx/utils.cpp
index 8752bdcf0e7..90e1bd1aa4d 100644
--- a/pxr/usd/usdMtlx/utils.cpp
+++ b/pxr/usd/usdMtlx/utils.cpp
@@ -16,6 +16,8 @@
 #include "pxr/usd/sdf/types.h"
 #include "pxr/usd/sdr/shaderProperty.h"
 #include "pxr/base/arch/fileSystem.h"
+#include "pxr/base/arch/symbols.h"
+#include "pxr/base/arch/systemInfo.h"
 #include "pxr/base/gf/matrix3d.h"
 #include "pxr/base/gf/matrix4d.h"
 #include "pxr/base/gf/vec2f.h"
@@ -194,6 +196,22 @@ _ComputeStdlibSearchPaths()
         stdlibSearchPaths =
             _MergeSearchPaths(stdlibSearchPaths, { resourceMtlxLibrary });
     }
+
+#ifdef PXR_EXTRA_BINARY_RELATIVE_RESOURCES
+    std::string relativeResourcePath = "../" + std::string(TF_PP_STRINGIZE(PXR_EXTRA_BINARY_RELATIVE_RESOURCES)) + "/libraries";
+    std::string binaryPath;
+    if (!ArchGetAddressInfo(
+        reinterpret_cast<void*>(&_ComputeStdlibSearchPaths), &binaryPath,
+            nullptr, nullptr, nullptr)
+            && binaryPath.empty())
+    {
+        binaryPath = ArchGetExecutablePath();
+        binaryPath = TfGetPathName(binaryPath);
+    }
+    stdlibSearchPaths =_MergeSearchPaths(stdlibSearchPaths, { TfStringCatPaths(binaryPath, relativeResourcePath) });
+
+#endif
+
     return stdlibSearchPaths;
 }