diff --git a/crates/cast/src/cmd/wallet/mod.rs b/crates/cast/src/cmd/wallet/mod.rs
index d7f7ffefe9d5f..7975a7f474781 100644
--- a/crates/cast/src/cmd/wallet/mod.rs
+++ b/crates/cast/src/cmd/wallet/mod.rs
@@ -87,6 +87,22 @@ pub enum WalletSubcommands {
         wallet: WalletOpts,
     },
 
+    /// Derive accounts from a mnemonic
+    #[command(visible_alias = "d")]
+    Derive {
+        /// The accounts will be derived from the specified mnemonic phrase.
+        #[arg(value_name = "MNEMONIC")]
+        mnemonic: String,
+
+        /// Number of accounts to display.
+        #[arg(long, short, default_value = "1")]
+        accounts: Option<u8>,
+
+        /// Insecure mode: display private keys in the terminal.
+        #[arg(long, default_value = "false")]
+        insecure: bool,
+    },
+
     /// Sign a message or typed data.
     #[command(visible_alias = "s")]
     Sign {
@@ -228,7 +244,7 @@ pub enum WalletSubcommands {
     /// Derives private key from mnemonic
     #[command(name = "private-key", visible_alias = "pk", aliases = &["derive-private-key", "--derive-private-key"])]
     PrivateKey {
-        /// If provided, the private key will be derived from the specified menomonic phrase.
+        /// If provided, the private key will be derived from the specified mnemonic phrase.
         #[arg(value_name = "MNEMONIC")]
         mnemonic_override: Option<String>,
 
@@ -491,6 +507,54 @@ impl WalletSubcommands {
                 let addr = wallet.address();
                 sh_println!("{}", addr.to_checksum(None))?;
             }
+            Self::Derive { mnemonic, accounts, insecure } => {
+                let format_json = shell::is_json();
+                let mut accounts_json = json!([]);
+                for i in 0..accounts.unwrap_or(1) {
+                    let wallet = WalletOpts {
+                        raw: RawWalletOpts {
+                            mnemonic: Some(mnemonic.clone()),
+                            mnemonic_index: i as u32,
+                            ..Default::default()
+                        },
+                        ..Default::default()
+                    }
+                    .signer()
+                    .await?;
+
+                    match wallet {
+                        WalletSigner::Local(local_wallet) => {
+                            let address = local_wallet.address().to_checksum(None);
+                            let private_key = hex::encode(local_wallet.credential().to_bytes());
+                            if format_json {
+                                if insecure {
+                                    accounts_json.as_array_mut().unwrap().push(json!({
+                                        "address": format!("{}", address),
+                                        "private_key": format!("0x{}", private_key),
+                                    }));
+                                } else {
+                                    accounts_json.as_array_mut().unwrap().push(json!({
+                                        "address": format!("{}", address)
+                                    }));
+                                }
+                            } else {
+                                sh_println!("- Account {i}:")?;
+                                if insecure {
+                                    sh_println!("Address:     {}", address)?;
+                                    sh_println!("Private key: 0x{}\n", private_key)?;
+                                } else {
+                                    sh_println!("Address:     {}\n", address)?;
+                                }
+                            }
+                        }
+                        _ => eyre::bail!("Only local wallets are supported by this command"),
+                    }
+                }
+
+                if format_json {
+                    sh_println!("{}", serde_json::to_string_pretty(&accounts_json)?)?;
+                }
+            }
             Self::PublicKey { wallet, private_key_override } => {
                 let wallet = private_key_override
                     .map(|pk| WalletOpts {
diff --git a/crates/cast/tests/cli/main.rs b/crates/cast/tests/cli/main.rs
index 695d8425a1d8f..c17461104d537 100644
--- a/crates/cast/tests/cli/main.rs
+++ b/crates/cast/tests/cli/main.rs
@@ -904,6 +904,119 @@ casttest!(wallet_mnemonic_from_entropy_json_verbose, |_prj, cmd| {
 "#]]);
 });
 
+// tests that `cast wallet derive` outputs the addresses of the accounts derived from the mnemonic
+casttest!(wallet_derive_mnemonic, |_prj, cmd| {
+    cmd.args([
+        "wallet",
+        "derive",
+        "--accounts",
+        "3",
+        "test test test test test test test test test test test junk",
+    ])
+    .assert_success()
+    .stdout_eq(str![[r#"
+- Account 0:
+[ADDRESS]
+
+- Account 1:
+[ADDRESS]
+
+- Account 2:
+[ADDRESS]
+
+
+"#]]);
+});
+
+// tests that `cast wallet derive` with insecure flag outputs the addresses and private keys of the
+// accounts derived from the mnemonic
+casttest!(wallet_derive_mnemonic_insecure, |_prj, cmd| {
+    cmd.args([
+        "wallet",
+        "derive",
+        "--accounts",
+        "3",
+        "--insecure",
+        "test test test test test test test test test test test junk",
+    ])
+    .assert_success()
+    .stdout_eq(str![[r#"
+- Account 0:
+[ADDRESS]
+[PRIVATE_KEY]
+
+- Account 1:
+[ADDRESS]
+[PRIVATE_KEY]
+
+- Account 2:
+[ADDRESS]
+[PRIVATE_KEY]
+
+
+"#]]);
+});
+
+// tests that `cast wallet derive` with json flag outputs the addresses of the accounts derived from
+// the mnemonic in JSON format
+casttest!(wallet_derive_mnemonic_json, |_prj, cmd| {
+    cmd.args([
+        "wallet",
+        "derive",
+        "--accounts",
+        "3",
+        "--json",
+        "test test test test test test test test test test test junk",
+    ])
+    .assert_success()
+    .stdout_eq(str![[r#"
+[
+  {
+    "address": "0xf39Fd6e51aad88F6F4ce6aB8827279cffFb92266"
+  },
+  {
+    "address": "0x70997970C51812dc3A010C7d01b50e0d17dc79C8"
+  },
+  {
+    "address": "0x3C44CdDdB6a900fa2b585dd299e03d12FA4293BC"
+  }
+]
+
+"#]]);
+});
+
+// tests that `cast wallet derive` with insecure and json flag outputs the addresses and private
+// keys of the accounts derived from the mnemonic in JSON format
+casttest!(wallet_derive_mnemonic_insecure_json, |_prj, cmd| {
+    cmd.args([
+        "wallet",
+        "derive",
+        "--accounts",
+        "3",
+        "--insecure",
+        "--json",
+        "test test test test test test test test test test test junk",
+    ])
+    .assert_success()
+    .stdout_eq(str![[r#"
+[
+  {
+    "address": "0xf39Fd6e51aad88F6F4ce6aB8827279cffFb92266",
+    "private_key": "0xac0974bec39a17e36ba4a6b4d238ff944bacb478cbed5efcae784d7bf4f2ff80"
+  },
+  {
+    "address": "0x70997970C51812dc3A010C7d01b50e0d17dc79C8",
+    "private_key": "0x59c6995e998f97a5a0044966f0945389dc9e86dae88c7a8412f4603b6b78690d"
+  },
+  {
+    "address": "0x3C44CdDdB6a900fa2b585dd299e03d12FA4293BC",
+    "private_key": "0x5de4111afa1a4b94908f83103eb1f1706367c2e68ca870fc3fb9a804cdab365a"
+  }
+]
+
+"#]]);
+});
+
 // tests that `cast wallet private-key` with arguments outputs the private key
 casttest!(wallet_private_key_from_mnemonic_arg, |_prj, cmd| {
     cmd.args([