diff --git a/tm2/pkg/crypto/keys/client/derive.go b/tm2/pkg/crypto/keys/client/derive.go
new file mode 100644
index 00000000000..cf4d6c1de7c
--- /dev/null
+++ b/tm2/pkg/crypto/keys/client/derive.go
@@ -0,0 +1,134 @@
+package client
+
+import (
+	"context"
+	"errors"
+	"flag"
+	"math"
+
+	"github.com/gnolang/gno/tm2/pkg/commands"
+	"github.com/gnolang/gno/tm2/pkg/crypto"
+	"github.com/gnolang/gno/tm2/pkg/crypto/bip39"
+	"github.com/gnolang/gno/tm2/pkg/crypto/hd"
+	"github.com/gnolang/gno/tm2/pkg/crypto/secp256k1"
+)
+
+var (
+	errInvalidMnemonic     = errors.New("invalid bip39 mnemonic")
+	errInvalidNumAccounts  = errors.New("invalid number of accounts")
+	errInvalidAccountIndex = errors.New("invalid account index")
+)
+
+type deriveCfg struct {
+	mnemonic     string
+	numAccounts  uint64
+	accountIndex uint64
+}
+
+// newDeriveCmd creates a new gnokey derive subcommand
+func newDeriveCmd(io *commands.IO) *commands.Command {
+	cfg := &deriveCfg{}
+
+	return commands.NewCommand(
+		commands.Metadata{
+			Name:       "derive",
+			ShortUsage: "derive [flags]",
+			ShortHelp:  "Derives the account addresses from the specified mnemonic",
+		},
+		cfg,
+		func(_ context.Context, _ []string) error {
+			return execDerive(cfg, io)
+		},
+	)
+}
+
+func (c *deriveCfg) RegisterFlags(fs *flag.FlagSet) {
+	fs.StringVar(
+		&c.mnemonic,
+		"mnemonic",
+		"",
+		"the bip39 mnemonic",
+	)
+
+	fs.Uint64Var(
+		&c.numAccounts,
+		"num-accounts",
+		10,
+		"the number of accounts to derive from the mnemonic",
+	)
+
+	fs.Uint64Var(
+		&c.accountIndex,
+		"account-index",
+		0,
+		"the account index in the mnemonic",
+	)
+}
+
+func execDerive(cfg *deriveCfg, io *commands.IO) error {
+	// Make sure the number of accounts is valid
+	if cfg.numAccounts == 0 || !isUint32(cfg.numAccounts) {
+		return errInvalidNumAccounts
+	}
+
+	// Make sure the account index is valid
+	if !isUint32(cfg.accountIndex) {
+		return errInvalidAccountIndex
+	}
+
+	// Make sure the mnemonic is valid
+	if !bip39.IsMnemonicValid(cfg.mnemonic) {
+		return errInvalidMnemonic
+	}
+
+	// Generate the accounts
+	accounts := generateAccounts(
+		cfg.mnemonic,
+		cfg.accountIndex,
+		cfg.numAccounts,
+	)
+
+	io.Printf("[Generated Accounts]\n\n")
+	io.Printf("Account Index: %d\n\n", cfg.accountIndex)
+
+	// Print them out
+	for index, account := range accounts {
+		io.Printfln("%d. %s", index, account.String())
+	}
+
+	return nil
+}
+
+// isUint32 verifies a uint64 value can be represented
+// as a uint32
+func isUint32(value uint64) bool {
+	return value <= math.MaxUint32
+}
+
+// generateAccounts the accounts using the provided mnemonics
+func generateAccounts(mnemonic string, accountIndex, numAccounts uint64) []crypto.Address {
+	addresses := make([]crypto.Address, numAccounts)
+
+	// Generate the seed
+	seed := bip39.NewSeed(mnemonic, "")
+
+	for i := uint64(0); i < numAccounts; i++ {
+		key := generateKeyFromSeed(seed, uint32(accountIndex), uint32(i))
+		address := key.PubKey().Address()
+
+		addresses[i] = address
+	}
+
+	return addresses
+}
+
+// generateKeyFromSeed generates a private key from
+// the provided seed and index
+func generateKeyFromSeed(seed []byte, account, index uint32) crypto.PrivKey {
+	pathParams := hd.NewFundraiserParams(account, crypto.CoinType, index)
+
+	masterPriv, ch := hd.ComputeMastersFromSeed(seed)
+	derivedPriv, _ := hd.DerivePrivateKeyForPath(masterPriv, ch, pathParams.String())
+
+	return secp256k1.PrivKeySecp256k1(derivedPriv)
+}
diff --git a/tm2/pkg/crypto/keys/client/derive_test.go b/tm2/pkg/crypto/keys/client/derive_test.go
new file mode 100644
index 00000000000..3ba9d525784
--- /dev/null
+++ b/tm2/pkg/crypto/keys/client/derive_test.go
@@ -0,0 +1,98 @@
+package client
+
+import (
+	"bytes"
+	"math"
+	"testing"
+
+	"github.com/gnolang/gno/tm2/pkg/commands"
+	"github.com/gnolang/gno/tm2/pkg/crypto/bip39"
+	"github.com/stretchr/testify/assert"
+	"github.com/stretchr/testify/require"
+)
+
+func Test_execDerive(t *testing.T) {
+	t.Parallel()
+
+	t.Run("invalid number of accounts, no accounts requested", func(t *testing.T) {
+		t.Parallel()
+
+		cfg := &deriveCfg{
+			numAccounts: 0,
+		}
+
+		assert.ErrorIs(t, execDerive(cfg, nil), errInvalidNumAccounts)
+	})
+
+	t.Run("invalid number of accounts, > uint32", func(t *testing.T) {
+		t.Parallel()
+
+		cfg := &deriveCfg{
+			numAccounts: math.MaxUint32 + 1, // > uint32
+		}
+
+		assert.ErrorIs(t, execDerive(cfg, nil), errInvalidNumAccounts)
+	})
+
+	t.Run("invalid account index", func(t *testing.T) {
+		t.Parallel()
+
+		cfg := &deriveCfg{
+			numAccounts:  1,
+			accountIndex: math.MaxUint32 + 1, // > uint32
+		}
+
+		assert.ErrorIs(t, execDerive(cfg, nil), errInvalidAccountIndex)
+	})
+
+	t.Run("invalid mnemonic", func(t *testing.T) {
+		t.Parallel()
+
+		cfg := &deriveCfg{
+			numAccounts:  1,
+			accountIndex: 0,
+			mnemonic:     "one two",
+		}
+
+		assert.ErrorIs(t, execDerive(cfg, nil), errInvalidMnemonic)
+	})
+
+	t.Run("valid accounts generated", func(t *testing.T) {
+		t.Parallel()
+
+		// Generate a dummy mnemonic
+		entropy, entropyErr := bip39.NewEntropy(mnemonicEntropySize)
+		require.NoError(t, entropyErr)
+
+		mnemonic, mnemonicErr := bip39.NewMnemonic(entropy)
+		require.NoError(t, mnemonicErr)
+
+		cfg := &deriveCfg{
+			numAccounts:  1,
+			accountIndex: 0,
+			mnemonic:     mnemonic,
+		}
+
+		// Create a test IO so we can capture output
+		mockOut := bytes.NewBufferString("")
+
+		testIO := commands.NewTestIO()
+		testIO.SetOut(commands.WriteNopCloser(mockOut))
+
+		require.NoError(t, execDerive(cfg, testIO))
+
+		// Grab the output
+		deriveOutput := mockOut.String()
+
+		// Verify the addresses are derived correctly
+		expectedAccounts := generateAccounts(
+			mnemonic,
+			cfg.accountIndex,
+			cfg.numAccounts,
+		)
+
+		for _, expectedAccount := range expectedAccounts {
+			assert.Contains(t, deriveOutput, expectedAccount.String())
+		}
+	})
+}
diff --git a/tm2/pkg/crypto/keys/client/root.go b/tm2/pkg/crypto/keys/client/root.go
index 550dd408b77..d117d39b46c 100644
--- a/tm2/pkg/crypto/keys/client/root.go
+++ b/tm2/pkg/crypto/keys/client/root.go
@@ -46,6 +46,7 @@ func NewRootCmd(io *commands.IO) *commands.Command {
 		newQueryCmd(cfg, io),
 		newBroadcastCmd(cfg, io),
 		newMakeTxCmd(cfg, io),
+		newDeriveCmd(io),
 	)
 
 	return cmd