Make multiple links in labels clickable

I have labels with paragraphs of text that may or may not contain one or more URLs at any given time.
I want to parse the string of text, see a URL exists, and make it clickable to open in the default browser.

The trick is I'm trying to do this without using any controls that render it as HTML. I am hoping to use labels with spans or something of that sort. Most of the "HtmlLabel" packages and things of that sort technically work but render the label as HTML. For reasons too complicated to demonstrate, I need to avoid this.

Is there such a method or converter already out there?