diff --git a/indexer/streams/src/handlers/index.ts b/indexer/streams/src/handlers/index.ts
index 060e416..edd56d9 100644
--- a/indexer/streams/src/handlers/index.ts
+++ b/indexer/streams/src/handlers/index.ts
@@ -1,4 +1,9 @@
 export { streamFundedHandler } from "./stream-funded.handler.js";
 export { streamWithdrawalHandler } from "./stream-withdrawal.handler.js";
 export { streamCancelHandler } from "./stream-cancel.handler.js";
+export {
+  handleStreamCreated,
+  parseStreamCreatedPayload,
+  STREAM_CREATED_TOPIC,
+} from "./streamCreated.js";
 export * from "./types.js";
diff --git a/indexer/streams/src/handlers/streamCreated.test.ts b/indexer/streams/src/handlers/streamCreated.test.ts
new file mode 100644
index 0000000..e36be52
--- /dev/null
+++ b/indexer/streams/src/handlers/streamCreated.test.ts
@@ -0,0 +1,179 @@
+import { describe, expect, test } from "vitest";
+
+import {
+  STREAM_CREATED_TOPIC,
+  getEventIdentity,
+  handleStreamCreated,
+  mapStreamCreatedToRecord,
+  parseStreamCreatedPayload,
+} from "./streamCreated.js";
+import type { StreamCreatedEvent } from "./types.js";
+
+function createMockEvent(overrides?: Partial<StreamCreatedEvent>): StreamCreatedEvent {
+  return {
+    contractId: "0x123",
+    ledger: 12345,
+    txHash: "0xabc",
+    eventIndex: 0,
+    topics: [STREAM_CREATED_TOPIC],
+    data: JSON.stringify({
+      streamId: "stream-1",
+      sender: "0xsender",
+      recipient: "0xrecipient",
+      amount: "1000000000",
+      startTime: "1000000",
+      endTime: "2000000",
+    }),
+    ...overrides,
+  };
+}
+
+const mockPayload = {
+  streamId: "stream-1",
+  sender: "0xsender",
+  recipient: "0xrecipient",
+  amount: "1000000000",
+  startTime: "1000000",
+  endTime: "2000000",
+};
+
+describe("parseStreamCreatedPayload", () => {
+  test("parses a valid StreamCreated event", () => {
+    const event = createMockEvent();
+    const payload = parseStreamCreatedPayload(event);
+
+    expect(payload).toEqual(mockPayload);
+  });
+
+  test("throws when event topic does not match", () => {
+    const event = createMockEvent({ topics: ["WrongTopic"] });
+
+    expect(() => parseStreamCreatedPayload(event)).toThrow(
+      "Expected StreamCreated event topic, got WrongTopic",
+    );
+  });
+
+  test("throws when topics array is empty", () => {
+    const event = createMockEvent({ topics: [] });
+
+    expect(() => parseStreamCreatedPayload(event)).toThrow(
+      "Expected StreamCreated event topic, got undefined",
+    );
+  });
+
+  test("throws on invalid JSON data", () => {
+    const event = createMockEvent({ data: "not-json" });
+
+    expect(() => parseStreamCreatedPayload(event)).toThrow(
+      "Failed to parse event data: invalid JSON",
+    );
+  });
+
+  test("throws on missing streamId field", () => {
+    const { streamId: _, ...partial } = mockPayload;
+    const event = createMockEvent({ data: JSON.stringify(partial) });
+
+    expect(() => parseStreamCreatedPayload(event)).toThrow(
+      'Invalid payload: "streamId" must be a non-empty string',
+    );
+  });
+
+  test("throws on non-string amount field", () => {
+    const event = createMockEvent({
+      data: JSON.stringify({ ...mockPayload, amount: 12345 }),
+    });
+
+    expect(() => parseStreamCreatedPayload(event)).toThrow(
+      'Invalid payload: "amount" must be a non-empty string',
+    );
+  });
+
+  test("throws on empty string recipient", () => {
+    const event = createMockEvent({
+      data: JSON.stringify({ ...mockPayload, recipient: "" }),
+    });
+
+    expect(() => parseStreamCreatedPayload(event)).toThrow(
+      'Invalid payload: "recipient" must be a non-empty string',
+    );
+  });
+});
+
+describe("getEventIdentity", () => {
+  test("produces a deterministic identity string", () => {
+    const event = createMockEvent();
+    const identity = getEventIdentity(event);
+
+    expect(identity).toBe("0x123:12345:0xabc:0");
+  });
+
+  test("changes when any identity field changes", () => {
+    const base = createMockEvent();
+    const differentContract = createMockEvent({ contractId: "0x456" });
+    const differentLedger = createMockEvent({ ledger: 99999 });
+    const differentTxHash = createMockEvent({ txHash: "0xdef" });
+    const differentIndex = createMockEvent({ eventIndex: 1 });
+
+    const baseId = getEventIdentity(base);
+    expect(getEventIdentity(differentContract)).not.toBe(baseId);
+    expect(getEventIdentity(differentLedger)).not.toBe(baseId);
+    expect(getEventIdentity(differentTxHash)).not.toBe(baseId);
+    expect(getEventIdentity(differentIndex)).not.toBe(baseId);
+  });
+});
+
+describe("mapStreamCreatedToRecord", () => {
+  test("maps payload and event to a Stream record", () => {
+    const event = createMockEvent();
+    const record = mapStreamCreatedToRecord(mockPayload, event);
+
+    expect(record).toEqual({
+      id: "stream-1",
+      sender: "0xsender",
+      recipient: "0xrecipient",
+      amount: "1000000000",
+      startTime: "1000000",
+      endTime: "2000000",
+      contractId: "0x123",
+      ledger: 12345,
+      txHash: "0xabc",
+      eventIndex: 0,
+    });
+  });
+});
+
+describe("handleStreamCreated", () => {
+  test("returns stream record and identity", () => {
+    const event = createMockEvent();
+    const result = handleStreamCreated(event);
+
+    expect(result.stream.id).toBe("stream-1");
+    expect(result.stream.contractId).toBe("0x123");
+    expect(result.stream.ledger).toBe(12345);
+    expect(result.identity).toBe("0x123:12345:0xabc:0");
+  });
+
+  test("is idempotent (same input produces same output)", () => {
+    const event = createMockEvent();
+    const result1 = handleStreamCreated(event);
+    const result2 = handleStreamCreated(event);
+
+    expect(result1).toEqual(result2);
+  });
+
+  test("handles different stream IDs correctly", () => {
+    const event1 = createMockEvent({
+      data: JSON.stringify({ ...mockPayload, streamId: "stream-1" }),
+    });
+    const event2 = createMockEvent({
+      data: JSON.stringify({ ...mockPayload, streamId: "stream-2" }),
+    });
+
+    const result1 = handleStreamCreated(event1);
+    const result2 = handleStreamCreated(event2);
+
+    expect(result1.stream.id).toBe("stream-1");
+    expect(result2.stream.id).toBe("stream-2");
+    expect(result1.stream.id).not.toBe(result2.stream.id);
+  });
+});
diff --git a/indexer/streams/src/handlers/streamCreated.ts b/indexer/streams/src/handlers/streamCreated.ts
new file mode 100644
index 0000000..33df1a0
--- /dev/null
+++ b/indexer/streams/src/handlers/streamCreated.ts
@@ -0,0 +1,88 @@
+import type { StreamCreatedEvent, StreamRecord } from "./types.js";
+
+export const STREAM_CREATED_TOPIC = "StreamCreated";
+
+export interface StreamCreatedPayload {
+  streamId: string;
+  sender: string;
+  recipient: string;
+  amount: string;
+  startTime: string;
+  endTime: string;
+}
+
+export function parseStreamCreatedPayload(event: StreamCreatedEvent): StreamCreatedPayload {
+  const eventName = event.topics[0];
+  if (!eventName || eventName !== STREAM_CREATED_TOPIC) {
+    throw new Error(
+      `Expected ${STREAM_CREATED_TOPIC} event topic, got ${eventName ?? "undefined"}`,
+    );
+  }
+
+  let parsed: Record<string, unknown>;
+  try {
+    parsed = JSON.parse(event.data) as Record<string, unknown>;
+  } catch {
+    throw new Error("Failed to parse event data: invalid JSON");
+  }
+
+  const requiredFields = [
+    "streamId",
+    "sender",
+    "recipient",
+    "amount",
+    "startTime",
+    "endTime",
+  ] as const;
+
+  for (const field of requiredFields) {
+    const value = parsed[field];
+    if (typeof value !== "string" || value.length === 0) {
+      throw new Error(
+        `Invalid payload: "${field}" must be a non-empty string, got ${typeof value === "string" ? "empty string" : typeof value}`,
+      );
+    }
+  }
+
+  return {
+    streamId: parsed.streamId as string,
+    sender: parsed.sender as string,
+    recipient: parsed.recipient as string,
+    amount: parsed.amount as string,
+    startTime: parsed.startTime as string,
+    endTime: parsed.endTime as string,
+  };
+}
+
+export function getEventIdentity(event: StreamCreatedEvent): string {
+  return `${event.contractId}:${event.ledger}:${event.txHash}:${event.eventIndex}`;
+}
+
+export function mapStreamCreatedToRecord(
+  payload: StreamCreatedPayload,
+  event: StreamCreatedEvent,
+): StreamRecord {
+  return {
+    id: payload.streamId,
+    sender: payload.sender,
+    recipient: payload.recipient,
+    amount: payload.amount,
+    startTime: payload.startTime,
+    endTime: payload.endTime,
+    contractId: event.contractId,
+    ledger: event.ledger,
+    txHash: event.txHash,
+    eventIndex: event.eventIndex,
+  };
+}
+
+export function handleStreamCreated(event: StreamCreatedEvent): {
+  stream: StreamRecord;
+  identity: string;
+} {
+  const payload = parseStreamCreatedPayload(event);
+  const stream = mapStreamCreatedToRecord(payload, event);
+  const identity = getEventIdentity(event);
+
+  return { stream, identity };
+}
diff --git a/indexer/streams/src/handlers/types.ts b/indexer/streams/src/handlers/types.ts
index 92bb017..ad59caf 100644
--- a/indexer/streams/src/handlers/types.ts
+++ b/indexer/streams/src/handlers/types.ts
@@ -1,3 +1,25 @@
+export interface StreamCreatedEvent {
+  contractId: string;
+  ledger: number;
+  txHash: string;
+  eventIndex: number;
+  topics: string[];
+  data: string;
+}
+
+export interface StreamRecord {
+  id: string;
+  sender: string;
+  recipient: string;
+  amount: string;
+  startTime: string;
+  endTime: string;
+  contractId: string;
+  ledger: number;
+  txHash: string;
+  eventIndex: number;
+}
+
 export interface StreamFundedPayload {
   streamId: string | undefined;
   sender: string | undefined;
diff --git a/indexer/streams/src/index.ts b/indexer/streams/src/index.ts
index 94682ad..731f74f 100644
--- a/indexer/streams/src/index.ts
+++ b/indexer/streams/src/index.ts
@@ -10,3 +10,8 @@ export { Stream } from "./db/entity/Stream.js";
 export { WithdrawalAction } from "./db/entity/WithdrawalAction.js";
 export { CancelAction } from "./db/entity/CancelAction.js";
 export * from "./handlers/index.js";
+export {
+  handleStreamCreated,
+  parseStreamCreatedPayload,
+  STREAM_CREATED_TOPIC,
+} from "./handlers/streamCreated.js";