diff --git a/demux/avio_crypto.c b/demux/avio_crypto.c
new file mode 100644
index 0000000000..29b3771a30
--- /dev/null
+++ b/demux/avio_crypto.c
@@ -0,0 +1,164 @@
+/*
+ * This file is part of mpv.
+ *
+ * mpv is free software; you can redistribute it and/or
+ * modify it under the terms of the GNU Lesser General Public
+ * License as published by the Free Software Foundation; either
+ * version 2.1 of the License, or (at your option) any later version.
+ *
+ * mpv is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of
+ * MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+ * GNU Lesser General Public License for more details.
+ *
+ * You should have received a copy of the GNU Lesser General Public
+ * License along with mpv.  If not, see <http://www.gnu.org/licenses/>.
+ */
+
+#include <string.h>
+
+#include <libavformat/avio.h>
+#include <libavutil/aes.h>
+#include <libavutil/error.h>
+#include <libavutil/mem.h>
+
+#include "avio_crypto.h"
+
+#include "common/common.h"
+#include "misc/bstr.h"
+#include "mpv_talloc.h"
+
+#define BLOCKSIZE         16
+// In-place decrypt scratch. Holds unconsumed plaintext followed by at most one
+// held-back ciphertext block. Any value >= 2*BLOCKSIZE works, this is just a
+// reasonable batch size.
+#define IO_BUFFER_SIZE    (4 * 1024)
+#define AVIO_BUFFER_SIZE  (64 * 1024)
+
+struct crypto_priv {
+    AVIOContext *inner;
+    struct AVAES *aes;
+    uint8_t iv[BLOCKSIZE];
+
+    // [0          .. plain_pos)  consumed plaintext (free space)
+    // [plain_pos  .. plain_end)  plaintext to deliver
+    // [plain_end  .. ct_end)     held-back ciphertext (< BLOCKSIZE)
+    uint8_t buf[IO_BUFFER_SIZE];
+    int plain_pos;
+    int plain_end;
+    int ct_end;
+    bool inner_eof;
+};
+
+static void priv_destructor(void *ptr)
+{
+    struct crypto_priv *p = ptr;
+    av_free(p->aes);
+}
+
+static int crypto_read(void *opaque, uint8_t *buf, int size)
+{
+    struct crypto_priv *p = opaque;
+
+    if (size <= 0)
+        return 0;
+
+    while (p->plain_pos == p->plain_end) {
+        // Compact held-back ciphertext to the start of the buffer.
+        int held = p->ct_end - p->plain_end;
+        if (held > 0 && p->plain_end > 0)
+            memmove(p->buf, p->buf + p->plain_end, held);
+        p->plain_pos = p->plain_end = 0;
+        p->ct_end = held;
+
+        // Refill until we have two blocks pending (so the final one can stay
+        // held back for PKCS#7 stripping) or hit EOF.
+        while (!p->inner_eof && p->ct_end < 2 * BLOCKSIZE) {
+            int n = avio_read(p->inner, p->buf + p->ct_end,
+                              sizeof(p->buf) - p->ct_end);
+            if (n <= 0) {
+                p->inner_eof = true;
+                break;
+            }
+            p->ct_end += n;
+        }
+
+        int blocks = p->ct_end / BLOCKSIZE;
+        if (!p->inner_eof)
+            blocks--;
+        if (blocks <= 0)
+            return AVERROR_EOF;
+
+        av_aes_crypt(p->aes, p->buf, p->buf, blocks, p->iv, 1);
+        p->plain_end = blocks * BLOCKSIZE;
+
+        // Final batch: drop PKCS#7 padding bytes from the tail.
+        if (p->inner_eof && p->plain_end == p->ct_end) {
+            int padding = p->buf[p->plain_end - 1];
+            if (padding < 1 || padding > BLOCKSIZE)
+                return AVERROR_INVALIDDATA;
+            p->plain_end -= padding;
+        }
+    }
+
+    int copy = MPMIN(p->plain_end - p->plain_pos, size);
+    memcpy(buf, p->buf + p->plain_pos, copy);
+    p->plain_pos += copy;
+    return copy;
+}
+
+int mp_avio_crypto_open(AVIOContext **out_pb, AVIOContext *inner,
+                        bstr key, bstr iv)
+{
+    if (!out_pb || !inner || key.len != BLOCKSIZE || iv.len != BLOCKSIZE)
+        return AVERROR(EINVAL);
+
+    int r;
+    void *avio_buf = NULL;
+    struct crypto_priv *p = talloc_zero(NULL, struct crypto_priv);
+    talloc_set_destructor(p, priv_destructor);
+
+    p->inner = inner;
+    p->aes = av_aes_alloc();
+    if (!p->aes) {
+        r = AVERROR(ENOMEM);
+        goto fail;
+    }
+    if (av_aes_init(p->aes, key.start, BLOCKSIZE * 8, 1) < 0) {
+        r = AVERROR(EINVAL);
+        goto fail;
+    }
+    memcpy(p->iv, iv.start, BLOCKSIZE);
+
+    avio_buf = av_malloc(AVIO_BUFFER_SIZE);
+    if (!avio_buf) {
+        r = AVERROR(ENOMEM);
+        goto fail;
+    }
+
+    AVIOContext *pb = avio_alloc_context(avio_buf, AVIO_BUFFER_SIZE, 0, p,
+                                         crypto_read, NULL, NULL);
+    if (!pb) {
+        r = AVERROR(ENOMEM);
+        goto fail;
+    }
+    pb->seekable = 0;
+
+    *out_pb = pb;
+    return 0;
+
+fail:
+    av_free(avio_buf);
+    talloc_free(p);
+    return r;
+}
+
+void mp_avio_crypto_close(AVIOContext **pb)
+{
+    if (!pb || !*pb)
+        return;
+    struct crypto_priv *p = (*pb)->opaque;
+    av_freep(&(*pb)->buffer);
+    avio_context_free(pb);
+    talloc_free(p);
+}
diff --git a/demux/avio_crypto.h b/demux/avio_crypto.h
new file mode 100644
index 0000000000..3528b9e99b
--- /dev/null
+++ b/demux/avio_crypto.h
@@ -0,0 +1,32 @@
+/*
+ * This file is part of mpv.
+ *
+ * mpv is free software; you can redistribute it and/or
+ * modify it under the terms of the GNU Lesser General Public
+ * License as published by the Free Software Foundation; either
+ * version 2.1 of the License, or (at your option) any later version.
+ *
+ * mpv is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of
+ * MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+ * GNU Lesser General Public License for more details.
+ *
+ * You should have received a copy of the GNU Lesser General Public
+ * License along with mpv.  If not, see <http://www.gnu.org/licenses/>.
+ */
+
+#pragma once
+
+#include <libavformat/avio.h>
+
+struct bstr;
+
+// AES-128-CBC + PKCS#7 decryption layer over `inner`. `key` and `iv` are 16
+// bytes each; other lengths return AVERROR(EINVAL). Neither buffer is retained
+// past this call.
+//
+// The returned wrapper is read-only and non-seekable, and does not own
+// `inner`.
+int mp_avio_crypto_open(AVIOContext **out_pb, AVIOContext *inner,
+                        struct bstr key, struct bstr iv);
+void mp_avio_crypto_close(AVIOContext **pb);
diff --git a/meson.build b/meson.build
index 636fde3fa1..4d757a3be9 100644
--- a/meson.build
+++ b/meson.build
@@ -627,7 +627,8 @@ libcurl = dependency('libcurl', version: '>= 7.88.0', required: get_option('libc
 features += {'libcurl': libcurl.found()}
 if features['libcurl']
     dependencies += [libcurl]
-    sources += files('stream/stream_curl.c')
+    sources += files('demux/avio_crypto.c',
+                     'stream/stream_curl.c')
 endif
 
 cdda_opt = get_option('cdda').require(
diff --git a/stream/stream_curl.c b/stream/stream_curl.c
index a571e83cd6..fa0b081e41 100644
--- a/stream/stream_curl.c
+++ b/stream/stream_curl.c
@@ -36,6 +36,7 @@
 #include "common/global.h"
 #include "common/msg.h"
 #include "cookies.h"
+#include "demux/avio_crypto.h"
 #include "demux/demux.h"
 #include "misc/bstr.h"
 #include "misc/dispatch.h"
@@ -1005,6 +1006,7 @@ struct curl_avio_cookie {
     struct stream *stream;
     struct mp_cancel *cancel;
     const char *location; // final URL after redirects, exposed via the "location" opt
+    AVIOContext *transport;
 };
 
 static const AVClass curl_avio_cookie_class = {
@@ -1080,10 +1082,10 @@ static int64_t curl_avio_seek(void *opaque, int64_t pos, int whence)
     return pos;
 }
 
-int mp_curl_avio_open(struct demuxer *demuxer, AVIOContext **pb_out,
-                      void **cookie_out, const char *url, int flags,
-                      AVDictionary **options,
-                      const char *whitelist, const char *blacklist)
+static int open_curl_transport(struct demuxer *demuxer, AVIOContext **pb_out,
+                               void **cookie_out, const char *url, int flags,
+                               AVDictionary **options,
+                               const char *whitelist, const char *blacklist)
 {
     *pb_out = NULL;
     *cookie_out = NULL;
@@ -1108,12 +1110,6 @@ int mp_curl_avio_open(struct demuxer *demuxer, AVIOContext **pb_out,
     struct curl_open_args oa = {0};
     if (options && *options) {
         AVDictionaryEntry *e;
-        // Nested IO plumbs whitelist/blacklist through the AVDictionary,
-        // use that if set, same as FFmpeg's implementation.
-        if ((e = av_dict_get(*options, "protocol_whitelist", NULL, 0)))
-            whitelist = e->value;
-        if ((e = av_dict_get(*options, "protocol_blacklist", NULL, 0)))
-            blacklist = e->value;
         // lavf's http demuxer exposes initial/final byte offsets as AVOptions
         // Some demuxers, like lavf/hls.c assume it is always available, even for
         // custom IO... Add support for this.
@@ -1181,16 +1177,112 @@ int mp_curl_avio_open(struct demuxer *demuxer, AVIOContext **pb_out,
     return 0;
 }
 
+static void close_curl_transport(AVIOContext *pb, struct curl_avio_cookie *c)
+{
+    av_freep(&pb->buffer);
+    avio_context_free(&pb);
+    free_stream(c->stream);
+    talloc_free(c->cancel);
+    talloc_free(c);
+}
+
+// Open a `crypto+...` URL by opening the inner URL with curl and layering
+// AES-128-CBC decryption on top using the `key`/`iv` hex strings from the
+// AVDictionary. Returns AVERROR(ENOSYS) when curl can't handle the inner or
+//the AES options are missing.
+static int open_curl_crypto(struct demuxer *demuxer, AVIOContext **pb_out,
+                            void **cookie_out, const char *inner_url,
+                            int flags, AVDictionary **options,
+                            const char *whitelist, const char *blacklist)
+{
+    if (flags & AVIO_FLAG_WRITE)
+        return AVERROR(ENOSYS);
+    if (!options || !*options)
+        return AVERROR(ENOSYS);
+
+    AVDictionaryEntry *key_e = av_dict_get(*options, "key", NULL, 0);
+    AVDictionaryEntry *iv_e = av_dict_get(*options, "iv", NULL, 0);
+    if (!key_e || !iv_e)
+        return AVERROR(ENOSYS);
+
+    void *tmp = talloc_new(NULL);
+    AVIOContext *transport = NULL;
+    void *cookie = NULL;
+    AVIOContext *wrapper = NULL;
+
+    bstr key = {0}, iv = {0};
+    bstr_decode_hex(tmp, bstr0(key_e->value), &key);
+    bstr_decode_hex(tmp, bstr0(iv_e->value), &iv);
+
+    int r = open_curl_transport(demuxer, &transport, &cookie, inner_url, flags,
+                                options, whitelist, blacklist);
+    if (r < 0)
+        goto done;
+
+    r = mp_avio_crypto_open(&wrapper, transport, key, iv);
+    if (r < 0) {
+        MP_ERR(demuxer, "Failed to set up crypto stream: %s\n", av_err2str(r));
+        close_curl_transport(transport, cookie);
+        goto done;
+    }
+
+    // Consume from the dict so demuxer-side mp_avdict_print_unset stays quiet.
+    av_dict_set(options, "key", NULL, 0);
+    av_dict_set(options, "iv", NULL, 0);
+
+    ((struct curl_avio_cookie *)cookie)->transport = transport;
+    *pb_out = wrapper;
+    *cookie_out = cookie;
+
+done:
+    talloc_free(tmp);
+    return r;
+}
+
+int mp_curl_avio_open(struct demuxer *demuxer, AVIOContext **pb_out,
+                      void **cookie_out, const char *url, int flags,
+                      AVDictionary **options,
+                      const char *whitelist, const char *blacklist)
+{
+    *pb_out = NULL;
+    *cookie_out = NULL;
+
+    if (flags & AVIO_FLAG_WRITE)
+        return AVERROR(ENOSYS);
+
+    // Nested IO plumbs whitelist/blacklist through the AVDictionary, use that
+    // if set, same as FFmpeg's implementation.
+    if (options && *options) {
+        AVDictionaryEntry *e;
+        if ((e = av_dict_get(*options, "protocol_whitelist", NULL, 0)))
+            whitelist = e->value;
+        if ((e = av_dict_get(*options, "protocol_blacklist", NULL, 0)))
+            blacklist = e->value;
+    }
+
+    bstr rest = bstr0(url);
+    if (bstr_eatstart0(&rest, "crypto+") || bstr_eatstart0(&rest, "crypto:")) {
+        if (!is_protocol_allowed(demuxer->log, (bstr)bstr0_lit("crypto"), whitelist, blacklist))
+            return AVERROR(EINVAL);
+        return open_curl_crypto(demuxer, pb_out, cookie_out, rest.start,
+                                flags, options, whitelist, blacklist);
+    }
+
+    return open_curl_transport(demuxer, pb_out, cookie_out, url, flags,
+                               options, whitelist, blacklist);
+}
+
 void mp_curl_avio_close(AVIOContext *pb, void *cookie)
 {
     struct curl_avio_cookie *c = cookie;
-    if (pb) {
-        av_freep(&pb->buffer);
-        avio_context_free(&pb);
-    }
-    if (c) {
-        free_stream(c->stream);
-        talloc_free(c->cancel);
-        talloc_free(c);
+    if (!c)
+        return;
+
+    AVIOContext *transport = c->transport;
+    if (transport) {
+        mp_avio_crypto_close(&pb);
+    } else {
+        transport = pb;
     }
+    close_curl_transport(transport, c);
 }