diff --git a/tm2/pkg/crypto/keys/client/query.go b/tm2/pkg/crypto/keys/client/query.go
index 3278d0ea0ea..7735384e9f1 100644
--- a/tm2/pkg/crypto/keys/client/query.go
+++ b/tm2/pkg/crypto/keys/client/query.go
@@ -3,7 +3,9 @@ package client
 import (
 	"context"
 	"flag"
+	"strings"
 
+	"github.com/gnolang/gno/gnovm/pkg/gnolang"
 	"github.com/gnolang/gno/tm2/pkg/bft/rpc/client"
 	ctypes "github.com/gnolang/gno/tm2/pkg/bft/rpc/core/types"
 	"github.com/gnolang/gno/tm2/pkg/commands"
@@ -17,6 +19,8 @@ type QueryCfg struct {
 	Path string
 }
 
+const balancesQuery = "bank/balances/"
+
 func NewQueryCmd(rootCfg *BaseCfg, io commands.IO) *commands.Command {
 	cfg := &QueryCfg{
 		RootCfg: rootCfg,
@@ -78,21 +82,52 @@ func QueryHandler(cfg *QueryCfg) (*ctypes.ResultABCIQuery, error) {
 		return nil, errors.New("missing remote url")
 	}
 
+	path := cfg.Path
+
+	if path == "" {
+		return nil, errors.New("missing path")
+	}
+
+	if strings.Contains(path, balancesQuery) {
+		path = handleBalanceQuery(path)
+		if path == "" {
+			return nil, errors.New("could not derive address from pkgpath")
+		}
+	}
+
 	data := []byte(cfg.Data)
 	opts2 := client.ABCIQueryOptions{
 		// Height: height, XXX
 		// Prove: false, XXX
 	}
+
 	cli, err := client.NewHTTPClient(remote)
 	if err != nil {
 		return nil, errors.Wrap(err, "new http client")
 	}
 
 	qres, err := cli.ABCIQueryWithOptions(
-		cfg.Path, data, opts2)
+		path, data, opts2)
 	if err != nil {
 		return nil, errors.Wrap(err, "querying")
 	}
 
 	return qres, nil
 }
+
+func handleBalanceQuery(path string) string {
+	// If the query is bank/balances & it contains a path, derive the address from the path
+	if strings.Contains(path, "gno.land/") {
+		i := strings.Index(path, balancesQuery)
+		pkgPath := path[i+len(balancesQuery):]
+
+		pkgAddr := gnolang.DerivePkgAddr(pkgPath)
+		if len(pkgAddr.Bytes()) == 0 {
+			return ""
+		}
+
+		path = balancesQuery + pkgAddr.String()
+	}
+
+	return path
+}
diff --git a/tm2/pkg/crypto/keys/client/query_test.go b/tm2/pkg/crypto/keys/client/query_test.go
new file mode 100644
index 00000000000..c9ea28836b8
--- /dev/null
+++ b/tm2/pkg/crypto/keys/client/query_test.go
@@ -0,0 +1,20 @@
+package client
+
+import (
+	"testing"
+
+	"github.com/gnolang/gno/gnovm/pkg/gnolang"
+)
+
+func TestHandleBalanceQuery(t *testing.T) {
+	pkgPath := "gno.land/r/demo/wugnot"
+	queryPath := balancesQuery + pkgPath
+
+	addr := gnolang.DerivePkgAddr(pkgPath)
+
+	parsedPath := handleBalanceQuery(queryPath)
+
+	if parsedPath != balancesQuery+addr.String() {
+		t.Fatalf("expected %s, got %s", balancesQuery+addr.String(), parsedPath)
+	}
+}