I had a lot of fun working on this actually, so I decided to flesh it out a bit more. Here is the code I used, if you’d like to take a look or use it.
Demo:
I have these two icons
Which each have these settings:
Alignment set to 0.5, 0.5
Position set to 0, 0
Anchor set to top left
And I have this circle which is just a border with these settings
Blueprints Here:

