diff --git a/.github/workflows/create-release-pr.yml b/.github/workflows/create-release-pr.yml
new file mode 100644
index 000000000..8b71fb66d
--- /dev/null
+++ b/.github/workflows/create-release-pr.yml
@@ -0,0 +1,210 @@
+name: Create Release PR
+
+on:
+  workflow_dispatch:
+    inputs:
+      release_version:
+        description: 'The release_version used for the release branch name, e.g. release/vx.x.x'
+        default: 'vx.x.x'
+        required: true
+        type: string
+      pre_release_version:
+        description: "Pre-Release version, e.g. 'beta.1'"
+        required: false
+        type: string
+
+env:
+  RELEASE_VERSION: ${{ inputs.release_version }}
+  PRE_RELEASE_VERSION: ${{ inputs.pre_release_version }}
+  RELEASE_BRANCH: release/${{ inputs.release_version }}
+
+jobs:
+  create-release-pr:
+    runs-on: ubuntu-latest
+
+    steps:
+      - name: Set Release Version and Branch to Check Out
+        id: set-release
+        run: |
+          if [[ $RELEASE_VERSION =~ ^v[0-9]+\.[0-9]+\.[0-9]+$ ]]; then
+            if [[ $PRE_RELEASE_VERSION =~ ^[a-z.0-9]+$ ]]; then
+              echo "release-tag: $RELEASE_VERSION-$PRE_RELEASE_VERSION"
+              echo "release-tag=$RELEASE_VERSION-$PRE_RELEASE_VERSION" >> $GITHUB_OUTPUT
+            elif [[ -n $PRE_RELEASE_VERSION ]]; then
+              echo "Input pre_release_version is not empty, but does not match the regex pattern ^[-a-z0-9]+$"
+              exit 1
+            else
+              echo "release-tag: $RELEASE_VERSION"
+              echo "release-tag=$RELEASE_VERSION" >> $GITHUB_OUTPUT
+            fi
+          else
+            echo "Version input doesn't match the regex pattern ^[0-9]+\.[0-9]+\.[0-9]+$"
+            exit 1
+          fi
+
+      - name: Checkout
+        uses: actions/checkout@v3
+        with:
+          fetch-depth: 0
+
+      - name: Create Release Branch if it does not exist
+        run: |
+          if ! git show-ref --verify --quiet "refs/remotes/origin/$RELEASE_BRANCH"; then
+            git checkout -b $RELEASE_BRANCH
+            git push --set-upstream origin $RELEASE_BRANCH
+          elif [[ $(git rev-parse --abbrev-ref HEAD) != "$RELEASE_BRANCH" ]]; then
+            echo "Current Branch: $(git rev-parse --abbrev-ref HEAD)"
+            echo "Release branch exists, make sure you're using the workflow from the release branch or delete the existing release branch."
+            exit 1
+          else
+            echo "Release branch exists and used as workflow ref."
+          fi
+
+      - name: Get Latest Release
+        id: get-release
+        run: |
+          if [[ -n $PRE_RELEASE_VERSION ]]; then
+            echo "Get the latest release"
+            tag=$(curl -L \
+                        --header "Accept: application/vnd.github.v3+json" \
+                        "https://api.github.com/repos/${{ github.repository }}/releases" | jq -r '.[0].tag_name')
+            echo "latest-tag=$tag" >> $GITHUB_OUTPUT
+          else
+            echo "Get the latest stable release"
+            tag=$(curl -L \
+                        --header "Accept: application/vnd.github.v3+json" \
+                        "https://api.github.com/repos/${{ github.repository }}/releases/latest" | jq -r '.tag_name')
+            echo "latest-tag=$tag" >> $GITHUB_OUTPUT
+          fi
+
+      - name: Build Changelog
+        id: build-changelog
+        env:
+          PREVIOUS_VERSION: ${{ steps.get-release.outputs.latest-tag }}
+        run: |
+          CHANGELOG=$(curl -L \
+            -X POST \
+            -H "Accept: application/vnd.github+json" \
+            -H "Authorization: Bearer ${{ github.token }}"\
+            -H "X-GitHub-Api-Version: 2022-11-28" \
+            https://api.github.com/repos/${{ github.repository }}/releases/generate-notes \
+            -d '{"tag_name":"${{ env.RELEASE_VERSION }}","target_commitish":"${{ env.RELEASE_BRANCH }}","previous_tag_name":"${{ env.PREVIOUS_VERSION }}","configuration_file_path":".github/release.yml"}' \
+            | jq -r '.body')
+
+          # The EOF steps are used to save multiline string in github:
+          # https://docs.github.com/en/actions/using-workflows/workflow-commands-for-github-actions#example-of-a-multiline-string
+          EOF=$(dd if=/dev/urandom bs=15 count=1 status=none | base64)
+          echo "changelog<<$EOF" >> $GITHUB_OUTPUT
+          echo -e "${CHANGELOG}" >> $GITHUB_OUTPUT
+          echo "$EOF" >> $GITHUB_OUTPUT
+
+      - name: Update Changelog
+        if: ${{ env.PRE_RELEASE_VERSION == '' }}
+        env:
+          CHANGELOG_CONTENT: ${{ steps.build-changelog.outputs.changelog }}
+          PREVIOUS_VERSION: ${{ steps.get-release.outputs.latest-tag }}
+        run: |
+          echo -e "# ${RELEASE_VERSION}\n\n${CHANGELOG_CONTENT}\n" | cat - CHANGELOG.md > temp && mv temp CHANGELOG.md
+
+      - name: Use Node.js
+        uses: actions/setup-node@v3
+        with:
+          node-version: 16
+
+      - name: Update Version References in Source
+        env:
+          RELEASE_TAG: ${{ steps.set-release.outputs.release-tag }}
+        run: |
+          rm -rf dist node_modules
+          npm ci
+          npm run build
+          NEW_HASH=$(cat dist/browser/algosdk.min.js | openssl dgst -sha384 -binary | openssl base64 -A)
+          python3 scripts/bump_version.py ${RELEASE_TAG:1} --new_hash "${NEW_HASH}"
+          npx prettier --write .
+
+      - name: Commit Changes
+        uses: EndBug/add-and-commit@v9.1.3
+        env:
+          RELEASE_TAG: ${{ steps.set-release.outputs.release-tag }}
+        with:
+          message: "bump up version to ${{ env.RELEASE_TAG }}"
+
+      - name: Create Pull Request to Master
+        env:
+          CHANGELOG_CONTENT: ${{ steps.build-changelog.outputs.changelog }}
+          PREVIOUS_VERSION: ${{ steps.get-release.outputs.latest-tag }}
+          GH_TOKEN: ${{ github.token }}
+          RELEASE_TAG: ${{ steps.set-release.outputs.release-tag }}
+        run: |
+          # Note: There's an issue adding teams as reviewers, see https://github.com/cli/cli/issues/6395
+          PULL_REQUEST_URL=$(gh pr create --base "master" \
+            --title "FOR REVIEW ONLY: ${{ github.event.repository.name }} $RELEASE_TAG" \
+            --label "Skip-Release-Notes" \
+            --label "Team Hyper Flow" \
+            --body "${CHANGELOG_CONTENT}" | tail -n 1)
+          if [[ $PULL_REQUEST_URL =~ ^https://github.com/${{ github.repository }}/pull/[0-9]+$ ]]; then
+            PULL_REQUEST_NUM=$(echo $PULL_REQUEST_URL | sed 's:.*/::')
+            echo "pull-request-master=$PULL_REQUEST_URL" >> $GITHUB_ENV
+            echo "pull-request-master-num=$PULL_REQUEST_NUM" >> $GITHUB_ENV
+            echo "Pull request to Master created: $PULL_REQUEST_URL"
+          else
+            echo "There was an issue creating the pull request to master branch."
+            exit 1
+          fi
+
+      - name: Create Pull Request to Develop
+        if: ${{ env.PRE_RELEASE_VERSION == '' }}
+        env:
+          GH_TOKEN: ${{ github.token }}
+          RELEASE_TAG: ${{ steps.set-release.outputs.release-tag }}
+        run: |
+          # Note: There's an issue adding teams as reviewers, see https://github.com/cli/cli/issues/6395
+          PULL_REQUEST_URL=$(gh pr create --base "develop" \
+            --title "FOR REVIEW ONLY: Merge back ${{ github.event.repository.name }} $RELEASE_TAG to develop" \
+            --label "Skip-Release-Notes" \
+            --label "Team Hyper Flow" \
+            --body "Merge back version changes to develop." | tail -n 1)
+          if [[ $PULL_REQUEST_URL =~ ^https://github.com/${{ github.repository }}/pull/[0-9]+$ ]]; then
+            echo "Pull request to Develop created: $PULL_REQUEST_URL"
+            DEVELOP_PR_MESSAGE="\nPull Request to develop: $PULL_REQUEST_URL"
+            echo "pull-request-develop-message=$DEVELOP_PR_MESSAGE" >> $GITHUB_ENV
+          else
+            echo "There was an issue creating the pull request to develop branch."
+            exit 1
+          fi
+
+      - name: Send Slack Message
+        id: slack
+        uses: slackapi/slack-github-action@v1.24.0
+        env:
+          RELEASE_TAG: ${{ steps.set-release.outputs.release-tag }}
+          SLACK_WEBHOOK_URL: ${{ secrets.SLACK_WEBHOOK_URL }}
+          SLACK_WEBHOOK_TYPE: INCOMING_WEBHOOK
+          SDK_DEPLOYMENT_URL: ${{ secrets.SDK_DEPLOYMENT_URL }}
+        with:
+          payload: |
+            {
+              "blocks": [
+                {
+                  "type": "header",
+                  "text": {
+                    "type": "plain_text",
+                    "text": "${{ github.event.repository.name }} Release PR for ${{ env.RELEASE_TAG }}"
+                  }
+                },
+                {
+                  "type": "section",
+                  "text": {
+                    "type": "mrkdwn",
+                    "text": "*Approvals needed for*:\nPull Request to master: ${{ env.pull-request-master}}${{ env.pull-request-develop-message }}"
+                  }
+                },
+                {
+                  "type": "section",
+                  "text": {
+                    "type": "mrkdwn",
+                    "text": "*After approvals*\nDeploy SDK using the <${{ env.SDK_DEPLOYMENT_URL }}|Deployment Pipeline> with the following parameters:\n*SDK*: ${{ github.event.repository.name }}\n*RELEASE_PR_NUM*: ${{ env.pull-request-master-num }}\n*RELEASE_VERSION*: ${{ env.RELEASE_VERSION }}\n*PRE_RELEASE_VERSION*: ${{ env.PRE_RELEASE_VERSION }}"
+                  }
+                }
+              ]
+            }
diff --git a/scripts/bump_version.py b/scripts/bump_version.py
new file mode 100755
index 000000000..b201b8cce
--- /dev/null
+++ b/scripts/bump_version.py
@@ -0,0 +1,82 @@
+# This script bumps up the version in `pom.xml` and `README.md` for new releases.
+# Usage: python bump_version.py {new_version} (--new_hash <INTEGRITY-HASH>
+# --read_me <path-to-README.md> --package_json <path-to-package.json>
+# --package-lock_json <path-to-package-lock.json>)
+
+import argparse
+import re
+import json
+import sys
+
+
+def check_version(new_version):
+    if not re.fullmatch(r"[0-9]+\.[0-9]+\.[-a-z.0-9]+", new_version):
+        sys.exit(
+            "The version does not match the regex(major.minor.patch): [0-9]+\.[0-9]+\.[-a-z.0-9]+"
+        )
+
+
+def bump_package_json(new_version, file_path):
+    with open(file_path, "r") as file:
+        content = json.load(file)
+
+    content["version"] = new_version
+
+    with open(file_path, "w") as file:
+        json.dump(content, file, indent=2)
+
+
+def bump_package_lock_json(new_version, file_path):
+    with open(file_path, "r") as file:
+        content = json.load(file)
+
+    content["version"] = new_version
+    content["packages"][""]["version"] = new_version
+
+    with open(file_path, "w") as file:
+        json.dump(content, file, indent=2)
+
+
+def update_read_me(new_version, new_hash, file_path):
+    with open(file_path, "r") as file:
+        content = file.read()
+
+    # Replace version
+    new_content = re.sub(
+        "algosdk@v[0-9]+\.[0-9]+\.[-a-z.0-9]+",
+        f"algosdk@v{new_version}",
+        content,
+    )
+    # Replace hash
+    new_content = re.sub(
+        'integrity="sha384-.*?"', f'integrity="sha384-{new_hash}"', new_content
+    )
+
+    with open(file_path, "w") as file:
+        file.write(new_content)
+
+
+if __name__ == "__main__":
+    parser = argparse.ArgumentParser(
+        description="updates the version for a release and the integrity hash in the README.md, package.json, and package-lock.json",
+        formatter_class=argparse.ArgumentDefaultsHelpFormatter,
+    )
+    parser.add_argument("new_version", help="new version as major.minor.patch")
+    parser.add_argument(
+        "--new_hash", required=True, help="new integrity hash for the build"
+    )
+    parser.add_argument(
+        "--package_json", default="package.json", help="path to package.json"
+    )
+    parser.add_argument(
+        "--package_lock_json",
+        default="package-lock.json",
+        help="path to package-lock.json",
+    )
+    parser.add_argument("--read_me", default="README.md", help="path to readme")
+
+    args = parser.parse_args()
+    check_version(args.new_version)
+    bump_package_json(args.new_version, args.package_json)
+    bump_package_lock_json(args.new_version, args.package_lock_json)
+    update_read_me(args.new_version, args.new_hash, args.read_me)