diff --git a/cardano-cli/cardano-cli.cabal b/cardano-cli/cardano-cli.cabal
index 1ecf223ed1..1e6bd31539 100644
--- a/cardano-cli/cardano-cli.cabal
+++ b/cardano-cli/cardano-cli.cabal
@@ -335,6 +335,7 @@ test-suite cardano-cli-test
     Test.Cli.AddCostModels
     Test.Cli.CreateCardano
     Test.Cli.CreateTestnetData
+    Test.Cli.DRepMetadata
     Test.Cli.FilePermissions
     Test.Cli.Governance.DRep
     Test.Cli.Governance.Hash
diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Commands/Governance/DRep.hs b/cardano-cli/src/Cardano/CLI/EraBased/Commands/Governance/DRep.hs
index b1e10d780e..8ef5e2e088 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Commands/Governance/DRep.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Commands/Governance/DRep.hs
@@ -11,10 +11,13 @@ module Cardano.CLI.EraBased.Commands.Governance.DRep
   , GovernanceDRepRetirementCertificateCmdArgs (..)
   , GovernanceDRepUpdateCertificateCmdArgs (..)
   , GovernanceDRepMetadataHashCmdArgs (..)
+  , DRepMetadataSource (..)
+  , DRepHashGoal (..)
   )
 where
 
 import           Cardano.Api
+import qualified Cardano.Api.Ledger as L
 
 import           Cardano.CLI.Types.Common
 import           Cardano.CLI.Types.Key
@@ -81,10 +84,24 @@ data GovernanceDRepUpdateCertificateCmdArgs era
 data GovernanceDRepMetadataHashCmdArgs era
   = GovernanceDRepMetadataHashCmdArgs
   { eon :: !(ConwayEraOnwards era)
-  , metadataFile :: !(DRepMetadataFile In)
-  , mOutFile :: !(Maybe (File () Out))
+  , drepMetadataSource :: !DRepMetadataSource
+  , hashGoal :: !DRepHashGoal
   }
 
+data DRepMetadataSource
+  = DrepMetadataFileIn !(DRepMetadataFile In)
+  | DrepMetadataURL !L.Url
+  deriving Show
+
+data DRepHashGoal
+  = -- | The hash is written to stdout
+    DRepHashToStdout
+  | -- | The hash to check against
+    CheckDRepHash !(Hash DRepMetadata)
+  | -- | The output file to which the hash is written
+    DRepHashToFile !(File () Out)
+  deriving Show
+
 renderGovernanceDRepCmds
   :: ()
   => GovernanceDRepCmds era
diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Options/Governance/DRep.hs b/cardano-cli/src/Cardano/CLI/EraBased/Options/Governance/DRep.hs
index 506233cfb1..63f9587595 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Options/Governance/DRep.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Options/Governance/DRep.hs
@@ -10,7 +10,9 @@ module Cardano.CLI.EraBased.Options.Governance.DRep
 where
 
 import           Cardano.Api
+import           Cardano.Api.Ledger (extractHash)
 import qualified Cardano.Api.Ledger as L
+import           Cardano.Api.Shelley (Hash (DRepMetadataHash))
 
 import           Cardano.CLI.Environment
 import           Cardano.CLI.EraBased.Commands.Governance.DRep
@@ -19,6 +21,7 @@ import           Cardano.CLI.Parser
 import           Cardano.CLI.Read
 import           Cardano.CLI.Types.Common
 import           Cardano.CLI.Types.Key
+import           Cardano.Ledger.SafeHash (castSafeHash)
 
 import           Control.Applicative
 import           Data.Foldable
@@ -129,6 +132,19 @@ pDrepMetadataUrl =
   AnchorUrl
     <$> pUrl "drep-metadata-url" "DRep anchor URL"
 
+pExpectedDrepMetadataHash :: Parser (Hash DRepMetadata)
+pExpectedDrepMetadataHash =
+  Opt.option (DRepMetadataHash . extractHash . castSafeHash <$> readSafeHash) $
+    mconcat
+      [ Opt.long "expected-hash"
+      , Opt.metavar "HASH"
+      , Opt.help $
+          mconcat
+            [ "Expected hash for the DRep metadata, for verification purposes. "
+            , "If provided, the hash of the DRep metadata is compared to this value."
+            ]
+      ]
+
 pDrepMetadataHash :: Parser (L.SafeHash L.StandardCrypto L.AnchorData)
 pDrepMetadataHash =
   Opt.option readSafeHash $
@@ -188,10 +204,26 @@ pGovernanceDrepMetadataHashCmd era = do
     $ Opt.info
       ( fmap GovernanceDRepMetadataHashCmd $
           GovernanceDRepMetadataHashCmdArgs w
-            <$> pFileInDirection "drep-metadata-file" "JSON Metadata file to hash."
-            <*> pMaybeOutputFile
+            <$> pDRepMetadataSource
+            <*> pDRepHashGoal
       )
-    $ Opt.progDesc "Calculate the hash of a metadata file."
+    $ Opt.progDesc
+      "Calculate the hash of a metadata file, optionally checking the obtained hash against an expected value."
+
+pDRepHashGoal :: Parser DRepHashGoal
+pDRepHashGoal =
+  asum
+    [ CheckDRepHash <$> pExpectedDrepMetadataHash
+    , DRepHashToFile <$> pOutputFile
+    ]
+    <|> pure DRepHashToStdout
+
+pDRepMetadataSource :: Parser DRepMetadataSource
+pDRepMetadataSource =
+  asum
+    [ DrepMetadataFileIn <$> pFileInDirection "drep-metadata-file" "JSON Metadata file to hash."
+    , DrepMetadataURL <$> pUrl "drep-metadata-url" "URL pointing to the JSON Metadata file to hash."
+    ]
 
 --------------------------------------------------------------------------------
 
diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Run/Governance/DRep.hs b/cardano-cli/src/Cardano/CLI/EraBased/Run/Governance/DRep.hs
index b787fe5019..84499fc860 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Run/Governance/DRep.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Run/Governance/DRep.hs
@@ -18,17 +18,19 @@ where
 import           Cardano.Api
 import qualified Cardano.Api.Ledger as L
 
+import           Cardano.CLI.EraBased.Commands.Governance.DRep (DRepHashGoal (..))
 import qualified Cardano.CLI.EraBased.Commands.Governance.DRep as Cmd
 import qualified Cardano.CLI.EraBased.Run.Key as Key
-import           Cardano.CLI.Run.Hash (getByteStringFromURL, httpsAndIpfsSchemas)
+import           Cardano.CLI.Run.Hash (allSchemas, getByteStringFromURL, httpsAndIpfsSchemas)
 import           Cardano.CLI.Types.Common
 import           Cardano.CLI.Types.Errors.CmdError
 import           Cardano.CLI.Types.Errors.GovernanceCmdError
-import           Cardano.CLI.Types.Errors.HashCmdError (HashCheckError (..))
+import           Cardano.CLI.Types.Errors.HashCmdError (FetchURLError, HashCheckError (..))
 import           Cardano.CLI.Types.Errors.RegistrationError
 import           Cardano.CLI.Types.Key
 
 import           Control.Monad (void, when)
+import           Data.ByteString (ByteString)
 import           Data.Function
 import qualified Data.Text.Encoding as Text
 
@@ -178,16 +180,37 @@ runGovernanceDRepMetadataHashCmd
   -> ExceptT GovernanceCmdError IO ()
 runGovernanceDRepMetadataHashCmd
   Cmd.GovernanceDRepMetadataHashCmdArgs
-    { metadataFile
-    , mOutFile
+    { drepMetadataSource
+    , hashGoal
     } = do
-    metadataBytes <- firstExceptT ReadFileError . newExceptT $ readByteStringFile metadataFile
+    metadataBytes <- case drepMetadataSource of
+      Cmd.DrepMetadataFileIn metadataFile ->
+        firstExceptT ReadFileError . newExceptT $ readByteStringFile metadataFile
+      Cmd.DrepMetadataURL urlText ->
+        fetchURLToGovernanceCmdError $ getByteStringFromURL allSchemas urlText
     let (_metadata, metadataHash) = hashDRepMetadata metadataBytes
-    firstExceptT WriteFileError
-      . newExceptT
-      . writeByteStringOutput mOutFile
-      . serialiseToRawBytesHex
-      $ metadataHash
+    case hashGoal of
+      CheckDRepHash expectedHash
+        | metadataHash /= expectedHash ->
+            left $ GovernanceCmdHashMismatchError expectedHash metadataHash
+        | otherwise -> liftIO $ putStrLn "Hashes match!"
+      DRepHashToFile outFile -> writeOutput (Just outFile) metadataHash
+      DRepHashToStdout -> writeOutput Nothing metadataHash
+   where
+    writeOutput
+      :: MonadIO m
+      => Maybe (File content Out)
+      -> Hash DRepMetadata
+      -> ExceptT GovernanceCmdError m ()
+    writeOutput mOutFile =
+      firstExceptT WriteFileError
+        . newExceptT
+        . writeByteStringOutput mOutFile
+        . serialiseToRawBytesHex
+
+    fetchURLToGovernanceCmdError
+      :: ExceptT FetchURLError IO ByteString -> ExceptT GovernanceCmdError IO ByteString
+    fetchURLToGovernanceCmdError = withExceptT GovernanceCmdFetchURLError
 
 -- | Check the hash of the anchor data against the hash in the anchor if
 -- checkHash is set to CheckHash.
diff --git a/cardano-cli/src/Cardano/CLI/Types/Errors/GovernanceCmdError.hs b/cardano-cli/src/Cardano/CLI/Types/Errors/GovernanceCmdError.hs
index f3713d7a65..f6f82d3801 100644
--- a/cardano-cli/src/Cardano/CLI/Types/Errors/GovernanceCmdError.hs
+++ b/cardano-cli/src/Cardano/CLI/Types/Errors/GovernanceCmdError.hs
@@ -9,7 +9,7 @@ import           Cardano.Api.Shelley
 
 import           Cardano.Binary (DecoderError)
 import           Cardano.CLI.Read
-import           Cardano.CLI.Types.Errors.HashCmdError (HashCheckError)
+import           Cardano.CLI.Types.Errors.HashCmdError (FetchURLError, HashCheckError)
 import           Cardano.CLI.Types.Errors.StakeAddressCmdError
 
 import           Control.Exception (displayException)
@@ -56,6 +56,12 @@ data GovernanceCmdError
     GovernanceCmdMIRCertNotSupportedInConway
   | GovernanceCmdGenesisDelegationNotSupportedInConway
   | GovernanceDRepHashCheckError HashCheckError
+  | GovernanceCmdHashMismatchError
+      !(Hash DRepMetadata)
+      -- ^ Expected hash
+      !(Hash DRepMetadata)
+      -- ^ Actual hash
+  | GovernanceCmdFetchURLError !FetchURLError
   deriving Show
 
 instance Error GovernanceCmdError where
@@ -119,5 +125,13 @@ instance Error GovernanceCmdError where
       "Genesis delegation is not supported in Conway era onwards."
     GovernanceDRepHashCheckError hashCheckError ->
       "Error while checking DRep metadata hash: " <> pretty (displayException hashCheckError)
+    GovernanceCmdHashMismatchError (DRepMetadataHash expectedHash) (DRepMetadataHash actualHash) ->
+      "Hashes do not match!"
+        <> "\nExpected:"
+          <+> pretty (show expectedHash)
+        <> "\n  Actual:"
+          <+> pretty (show actualHash)
+    GovernanceCmdFetchURLError fetchErr ->
+      pretty (displayException fetchErr)
    where
     renderDecoderError = pretty . TL.toLazyText . B.build
diff --git a/cardano-cli/test/cardano-cli-golden/Test/Golden/Governance/DRep.hs b/cardano-cli/test/cardano-cli-golden/Test/Golden/Governance/DRep.hs
index 41e9482feb..3e1dcd4736 100644
--- a/cardano-cli/test/cardano-cli-golden/Test/Golden/Governance/DRep.hs
+++ b/cardano-cli/test/cardano-cli-golden/Test/Golden/Governance/DRep.hs
@@ -1,4 +1,5 @@
 {-# LANGUAGE CPP #-}
+
 {- HLINT ignore "Use camelCase" -}
 
 module Test.Golden.Governance.DRep where
@@ -16,8 +17,11 @@ import           Numeric (showOct)
 import           System.Posix.Files (fileMode, getFileStatus)
 #endif
 
-import           Test.Cardano.CLI.Util (FileSem, bracketSem, execCardanoCLI, newFileSem,
-                   noteInputFile, noteTempFile, propertyOnce)
+import           GHC.IO.Exception (ExitCode (ExitFailure))
+import           Test.Cardano.CLI.Hash (exampleAnchorDataHash, exampleAnchorDataIpfsHash,
+                   exampleAnchorDataPathGolden, serveFilesWhile, tamperBase16Hash)
+import           Test.Cardano.CLI.Util (FileSem, bracketSem, execCardanoCLI, execDetailCardanoCLI,
+                   newFileSem, noteInputFile, noteTempFile, propertyOnce)
 
 import           Hedgehog
 import qualified Hedgehog as H
@@ -32,7 +36,8 @@ drepRetirementCertSem = newFileSem "test/cardano-cli-golden/files/golden/governa
 
 -- | Semaphore protecting against locked file error, when running properties concurrently.
 drepRegistrationCertSem :: FileSem
-drepRegistrationCertSem = newFileSem "test/cardano-cli-golden/files/golden/governance/drep/drep_registration_certificate.json"
+drepRegistrationCertSem =
+  newFileSem "test/cardano-cli-golden/files/golden/governance/drep/drep_registration_certificate.json"
 {-# NOINLINE drepRegistrationCertSem #-}
 
 hprop_golden_governanceDRepKeyGen :: Property
@@ -41,11 +46,17 @@ hprop_golden_governanceDRepKeyGen =
     verificationKeyFile <- H.noteTempFile tempDir "key-gen.vkey"
     signingKeyFile <- H.noteTempFile tempDir "key-gen.skey"
 
-    void $ execCardanoCLI
-      [  "conway", "governance", "drep", "key-gen"
-      , "--verification-key-file", verificationKeyFile
-      , "--signing-key-file", signingKeyFile
-      ]
+    void $
+      execCardanoCLI
+        [ "conway"
+        , "governance"
+        , "drep"
+        , "key-gen"
+        , "--verification-key-file"
+        , verificationKeyFile
+        , "--signing-key-file"
+        , signingKeyFile
+        ]
 
     H.assertFileOccurences 1 "DRepVerificationKey_ed25519" verificationKeyFile
     H.assertFileOccurences 1 "DRepSigningKey_ed25519" signingKeyFile
@@ -59,10 +70,10 @@ hprop_golden_governanceDRepKeyGen =
 
     vrfMode === "600"
     sgnMode === "600"
-    where
-      retrievePermissions path = withFrozenCallStack $ do
-        mode <- H.evalIO $ fileMode <$> getFileStatus path
-        pure $ showOct (mode .&. 0o777) "" -- we only need the 3 lowest octets here
+ where
+  retrievePermissions path = withFrozenCallStack $ do
+    mode <- H.evalIO $ fileMode <$> getFileStatus path
+    pure $ showOct (mode .&. 0o777) "" -- we only need the 3 lowest octets here
 #endif
 
 hprop_golden_governance_drep_id_bech32 :: Property
@@ -72,12 +83,19 @@ hprop_golden_governance_drep_id_bech32 =
     idFile <- H.noteTempFile tempDir "drep.id.bech32"
     idGold <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep.id.bech32"
 
-    void $ execCardanoCLI
-      [  "conway", "governance", "drep", "id"
-      , "--drep-verification-key-file", vkeyFile
-      , "--output-format", "bech32"
-      , "--out-file", idFile
-      ]
+    void $
+      execCardanoCLI
+        [ "conway"
+        , "governance"
+        , "drep"
+        , "id"
+        , "--drep-verification-key-file"
+        , vkeyFile
+        , "--output-format"
+        , "bech32"
+        , "--out-file"
+        , idFile
+        ]
 
     H.diffFileVsGoldenFile idFile idGold
 
@@ -88,30 +106,46 @@ hprop_golden_governance_drep_id_hex =
     idFile <- H.noteTempFile tempDir "drep.id.hex"
     idGold <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep.id.hex"
 
-    void $ execCardanoCLI
-      [  "conway", "governance", "drep", "id"
-      , "--drep-verification-key-file", vkeyFile
-      , "--output-format", "hex"
-      , "--out-file", idFile
-      ]
+    void $
+      execCardanoCLI
+        [ "conway"
+        , "governance"
+        , "drep"
+        , "id"
+        , "--drep-verification-key-file"
+        , vkeyFile
+        , "--output-format"
+        , "hex"
+        , "--out-file"
+        , idFile
+        ]
 
     H.diffFileVsGoldenFile idFile idGold
 
 hprop_golden_governance_drep_extended_key_signing :: Property
 hprop_golden_governance_drep_extended_key_signing =
   propertyOnce . H.moduleWorkspace "tmp" $ \tempDir -> do
-    skeyFile <- noteInputFile "test/cardano-cli-golden/files/input/governance/drep/extended-key-signing/drep.skey"
-    txBody <- noteInputFile "test/cardano-cli-golden/files/input/governance/drep/extended-key-signing/tx.body"
+    skeyFile <-
+      noteInputFile "test/cardano-cli-golden/files/input/governance/drep/extended-key-signing/drep.skey"
+    txBody <-
+      noteInputFile "test/cardano-cli-golden/files/input/governance/drep/extended-key-signing/tx.body"
 
     outFile <- H.noteTempFile tempDir "outFile"
-    outGold <- H.note "test/cardano-cli-golden/files/golden/governance/drep/extended-key-signing/tx.signed"
-
-    H.noteShowM_ $ execCardanoCLI
-      [  "conway", "transaction", "sign"
-      , "--tx-body-file", txBody
-      , "--signing-key-file", skeyFile
-      , "--out-file", outFile
-      ]
+    outGold <-
+      H.note "test/cardano-cli-golden/files/golden/governance/drep/extended-key-signing/tx.signed"
+
+    H.noteShowM_ $
+      execCardanoCLI
+        [ "conway"
+        , "transaction"
+        , "sign"
+        , "--tx-body-file"
+        , txBody
+        , "--signing-key-file"
+        , skeyFile
+        , "--out-file"
+        , outFile
+        ]
 
     H.diffFileVsGoldenFile outFile outGold
 
@@ -122,12 +156,19 @@ hprop_golden_governance_drep_retirement_certificate_vkey_file =
     certFile <- H.noteTempFile tempDir "drep.retirement.cert"
     H.noteShow_ drepRetirementCertSem
 
-    void $ execCardanoCLI
-      [  "conway", "governance", "drep", "retirement-certificate"
-      , "--drep-verification-key-file", drepVKeyFile
-      , "--deposit-amt", "1000000"
-      , "--out-file", certFile
-      ]
+    void $
+      execCardanoCLI
+        [ "conway"
+        , "governance"
+        , "drep"
+        , "retirement-certificate"
+        , "--drep-verification-key-file"
+        , drepVKeyFile
+        , "--deposit-amt"
+        , "1000000"
+        , "--out-file"
+        , certFile
+        ]
 
     bracketSem drepRetirementCertSem $
       H.diffFileVsGoldenFile certFile
@@ -140,12 +181,19 @@ hprop_golden_governance_drep_retirement_certificate_id_hex =
 
     idFile <- H.readFile "test/cardano-cli-golden/files/input/drep.id.hex"
 
-    void $ execCardanoCLI
-      [  "conway", "governance", "drep", "retirement-certificate"
-      , "--drep-key-hash", idFile
-      , "--deposit-amt", "1000000"
-      , "--out-file", certFile
-      ]
+    void $
+      execCardanoCLI
+        [ "conway"
+        , "governance"
+        , "drep"
+        , "retirement-certificate"
+        , "--drep-key-hash"
+        , idFile
+        , "--deposit-amt"
+        , "1000000"
+        , "--out-file"
+        , certFile
+        ]
 
     bracketSem drepRetirementCertSem $
       H.diffFileVsGoldenFile certFile
@@ -158,30 +206,45 @@ hprop_golden_governance_drep_retirement_certificate_id_bech32 =
 
     idFile <- H.readFile "test/cardano-cli-golden/files/input/drep.id.bech32"
 
-    void $ execCardanoCLI
-      [  "conway", "governance", "drep", "retirement-certificate"
-      , "--drep-key-hash", idFile
-      , "--deposit-amt", "1000000"
-      , "--out-file", certFile
-      ]
+    void $
+      execCardanoCLI
+        [ "conway"
+        , "governance"
+        , "drep"
+        , "retirement-certificate"
+        , "--drep-key-hash"
+        , idFile
+        , "--deposit-amt"
+        , "1000000"
+        , "--out-file"
+        , certFile
+        ]
 
     bracketSem drepRetirementCertSem $
       H.diffFileVsGoldenFile certFile
 
 hprop_golden_governance_drep_metadata_hash :: Property
 hprop_golden_governance_drep_metadata_hash = propertyOnce . H.moduleWorkspace "tmp" $ \tempDir -> do
-  goldenDRepMetadataHash <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash"
+  goldenDRepMetadataHash <-
+    H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash"
 
   drepMetadataFile <- noteTempFile tempDir "drep-metadata.json"
-  H.evalIO $ writeFile drepMetadataFile "{ \"Lorem\": \"ipsum\", \"dolor\": \"sit\", \"amet\": \"consectetur\" }"
+  H.evalIO $
+    writeFile drepMetadataFile "{ \"Lorem\": \"ipsum\", \"dolor\": \"sit\", \"amet\": \"consectetur\" }"
 
   outputDRepMetadataHash <- H.noteTempFile tempDir "drep-metadata-hash.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep","metadata-hash"
-    , "--drep-metadata-file", drepMetadataFile
-    , "--out-file", outputDRepMetadataHash
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "metadata-hash"
+      , "--drep-metadata-file"
+      , drepMetadataFile
+      , "--out-file"
+      , outputDRepMetadataHash
+      ]
 
   H.diffFileVsGoldenFile outputDRepMetadataHash goldenDRepMetadataHash
 
@@ -189,18 +252,25 @@ hprop_golden_governance_drep_metadata_hash = propertyOnce . H.moduleWorkspace "t
 -- @cabal test cardano-cli-golden --test-options '-p "/golden governance drep metadata hash cip119/"'@
 hprop_golden_governance_drep_metadata_hash_cip119 :: Property
 hprop_golden_governance_drep_metadata_hash_cip119 = propertyOnce . H.moduleWorkspace "tmp" $ \tempDir -> do
-  goldenDRepMetadataHashCip119 <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash_cip119"
-  
-  --Use jsonld file from test vector of CIP119 https://github.com/cardano-foundation/CIPs/blob/master/CIP-0119/test-vector.md
+  goldenDRepMetadataHashCip119 <-
+    H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash_cip119"
+
+  -- Use jsonld file from test vector of CIP119 https://github.com/cardano-foundation/CIPs/blob/master/CIP-0119/test-vector.md
   drepMetadataFile <- noteInputFile "test/cardano-cli-golden/files/input/governance/drep/drep.jsonld"
 
   outputDRepMetadataHashCip119 <- H.noteTempFile tempDir "drep-metadata-hash-cip119.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep", "metadata-hash"
-    , "--drep-metadata-file", drepMetadataFile
-    , "--out-file", outputDRepMetadataHashCip119
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "metadata-hash"
+      , "--drep-metadata-file"
+      , drepMetadataFile
+      , "--out-file"
+      , outputDRepMetadataHashCip119
+      ]
 
   H.diffFileVsGoldenFile outputDRepMetadataHashCip119 goldenDRepMetadataHashCip119
 
@@ -211,14 +281,23 @@ hprop_golden_governance_drep_registration_certificate_vkey_file = propertyOnce .
 
   outFile <- H.noteTempFile tempDir "drep-reg-cert.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep", "registration-certificate"
-    , "--drep-verification-key-file", drepVKeyFile
-    , "--key-reg-deposit-amt", "0"
-    , "--drep-metadata-url", "dummy-url"
-    , "--drep-metadata-hash", "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
-    , "--out-file", outFile
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "registration-certificate"
+      , "--drep-verification-key-file"
+      , drepVKeyFile
+      , "--key-reg-deposit-amt"
+      , "0"
+      , "--drep-metadata-url"
+      , "dummy-url"
+      , "--drep-metadata-hash"
+      , "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
+      , "--out-file"
+      , outFile
+      ]
 
   bracketSem drepRegistrationCertSem $
     H.diffFileVsGoldenFile outFile
@@ -230,14 +309,23 @@ hprop_golden_governance_drep_registration_certificate_id_hex = propertyOnce . H.
 
   outFile <- H.noteTempFile tempDir "drep-reg-cert.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep", "registration-certificate"
-    , "--drep-key-hash", idFile
-    , "--key-reg-deposit-amt", "0"
-    , "--drep-metadata-url", "dummy-url"
-    , "--drep-metadata-hash", "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
-    , "--out-file", outFile
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "registration-certificate"
+      , "--drep-key-hash"
+      , idFile
+      , "--key-reg-deposit-amt"
+      , "0"
+      , "--drep-metadata-url"
+      , "dummy-url"
+      , "--drep-metadata-hash"
+      , "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
+      , "--out-file"
+      , outFile
+      ]
 
   bracketSem drepRegistrationCertSem $
     H.diffFileVsGoldenFile outFile
@@ -249,32 +337,52 @@ hprop_golden_governance_drep_registration_certificate_id_bech32 = propertyOnce .
 
   outFile <- H.noteTempFile tempDir "drep-reg-cert.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep", "registration-certificate"
-    , "--drep-key-hash", idFile
-    , "--key-reg-deposit-amt", "0"
-    , "--drep-metadata-url", "dummy-url"
-    , "--drep-metadata-hash", "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
-    , "--out-file", outFile
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "registration-certificate"
+      , "--drep-key-hash"
+      , idFile
+      , "--key-reg-deposit-amt"
+      , "0"
+      , "--drep-metadata-url"
+      , "dummy-url"
+      , "--drep-metadata-hash"
+      , "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
+      , "--out-file"
+      , outFile
+      ]
 
   bracketSem drepRegistrationCertSem $
     H.diffFileVsGoldenFile outFile
 
 hprop_golden_governance_drep_registration_certificate_script_hash :: Property
 hprop_golden_governance_drep_registration_certificate_script_hash = propertyOnce . H.moduleWorkspace "tmp" $ \tempDir -> do
-  goldenFile <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_registration_certificate_script.json"
+  goldenFile <-
+    H.note
+      "test/cardano-cli-golden/files/golden/governance/drep/drep_registration_certificate_script.json"
 
   outFile <- H.noteTempFile tempDir "drep-reg-cert.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep", "registration-certificate"
-    , "--drep-script-hash", "00000000000000000000000000000000000000000000000000000003"
-    , "--key-reg-deposit-amt", "0"
-    , "--drep-metadata-url", "dummy-url"
-    , "--drep-metadata-hash", "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
-    , "--out-file", outFile
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "registration-certificate"
+      , "--drep-script-hash"
+      , "00000000000000000000000000000000000000000000000000000003"
+      , "--key-reg-deposit-amt"
+      , "0"
+      , "--drep-metadata-url"
+      , "dummy-url"
+      , "--drep-metadata-hash"
+      , "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
+      , "--out-file"
+      , outFile
+      ]
 
   H.diffFileVsGoldenFile outFile goldenFile
 
@@ -283,34 +391,53 @@ hprop_golden_governance_drep_registration_certificate_script_hash = propertyOnce
 hprop_golden_governance_drep_update_certificate_vkey_file :: Property
 hprop_golden_governance_drep_update_certificate_vkey_file = propertyOnce . H.moduleWorkspace "tmp" $ \tempDir -> do
   drepVKeyFile <- noteInputFile "test/cardano-cli-golden/files/input/drep.vkey"
-  goldenFile <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_update_certificate.json"
+  goldenFile <-
+    H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_update_certificate.json"
 
   outFile <- H.noteTempFile tempDir "drep-upd-cert.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep", "update-certificate"
-    , "--drep-verification-key-file", drepVKeyFile
-    , "--drep-metadata-url", "dummy-url"
-    , "--drep-metadata-hash", "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
-    , "--out-file", outFile
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "update-certificate"
+      , "--drep-verification-key-file"
+      , drepVKeyFile
+      , "--drep-metadata-url"
+      , "dummy-url"
+      , "--drep-metadata-hash"
+      , "52e69500a92d80f2126c836a4903dc582006709f004cf7a28ed648f732dff8d2"
+      , "--out-file"
+      , outFile
+      ]
 
   H.diffFileVsGoldenFile outFile goldenFile
-  
+
 -- | Execute me with:
 -- @cabal test cardano-cli-golden --test-options '-p "/golden governance drep update certificate script hash/"'@
 hprop_golden_governance_drep_update_certificate_script_hash :: Property
 hprop_golden_governance_drep_update_certificate_script_hash = propertyOnce . H.moduleWorkspace "tmp" $ \tempDir -> do
-  goldenFile <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep_update_certificate_script_hash.json"
+  goldenFile <-
+    H.note
+      "test/cardano-cli-golden/files/golden/governance/drep/drep_update_certificate_script_hash.json"
   outFile <- H.noteTempFile tempDir "drep-upd-cert.txt"
 
-  void $ execCardanoCLI
-    [ "conway", "governance", "drep", "update-certificate"
-    , "--drep-script-hash", "8f33600845940d65bdbc7ea7a247a7997aa8558649128fa82c4c0468"
-    , "--drep-metadata-url", "https://raw.githubusercontent.com/cardano-foundation/CIPs/master/CIP-0119/examples/drep.jsonld"
-    , "--drep-metadata-hash", "fecc1773db89b45557d82e07719c275f6877a6cadfd2469f4dc5a7df5b38b4a4"
-    , "--out-file", outFile
-    ]
+  void $
+    execCardanoCLI
+      [ "conway"
+      , "governance"
+      , "drep"
+      , "update-certificate"
+      , "--drep-script-hash"
+      , "8f33600845940d65bdbc7ea7a247a7997aa8558649128fa82c4c0468"
+      , "--drep-metadata-url"
+      , "https://raw.githubusercontent.com/cardano-foundation/CIPs/master/CIP-0119/examples/drep.jsonld"
+      , "--drep-metadata-hash"
+      , "fecc1773db89b45557d82e07719c275f6877a6cadfd2469f4dc5a7df5b38b4a4"
+      , "--out-file"
+      , outFile
+      ]
 
   H.diffFileVsGoldenFile outFile goldenFile
 
@@ -319,14 +446,53 @@ hprop_golden_governance_drep_update_certificate_script_hash = propertyOnce . H.m
 hprop_golden_verification_key_drep :: Property
 hprop_golden_verification_key_drep =
   propertyOnce . H.moduleWorkspace "tmp" $ \tempDir -> do
-    skeyFile <- noteInputFile "test/cardano-cli-golden/files/input/governance/drep/extended-key-signing/drep.skey"
+    skeyFile <-
+      noteInputFile "test/cardano-cli-golden/files/input/governance/drep/extended-key-signing/drep.skey"
     vkeyFileOut <- noteTempFile tempDir "drep.extended.vkey"
     goldenFile <- H.note "test/cardano-cli-golden/files/golden/governance/drep/drep-extended.vkey.out"
 
-    H.noteShowM_ $ execCardanoCLI
-      [  "conway", "key", "verification-key"
-      , "--signing-key-file", skeyFile
-      , "--verification-key-file", vkeyFileOut
-      ]
+    H.noteShowM_ $
+      execCardanoCLI
+        [ "conway"
+        , "key"
+        , "verification-key"
+        , "--signing-key-file"
+        , skeyFile
+        , "--verification-key-file"
+        , vkeyFileOut
+        ]
 
     H.diffFileVsGoldenFile vkeyFileOut goldenFile
+
+-- Execute me with:
+-- @cabal test cardano-cli-test --test-options '-p "/drep metadata hash url wrong hash fails/"'@
+hprop_golden_drep_metadata_hash_url_wrong_hash_fails :: Property
+hprop_golden_drep_metadata_hash_url_wrong_hash_fails =
+  propertyOnce $ do
+    -- We modify the hash slightly so that the hash check fails
+    alteredHash <- H.evalMaybe $ tamperBase16Hash exampleAnchorDataHash
+    let relativeUrl = [exampleAnchorDataIpfsHash]
+
+    -- Create temporary HTTP server with files required by the call to `cardano-cli`
+    (exitCode, _, result) <-
+      serveFilesWhile
+        [ (relativeUrl, exampleAnchorDataPathGolden)
+        ]
+        ( \port -> do
+            execDetailCardanoCLI
+              [ "conway"
+              , "governance"
+              , "drep"
+              , "metadata-hash"
+              , "--drep-metadata-url"
+              , "http://127.0.0.1:" ++ show port ++ "/" ++ exampleAnchorDataIpfsHash
+              , "--expected-hash"
+              , alteredHash
+              ]
+        )
+
+    exitCode === ExitFailure 1
+
+    H.diffVsGoldenFile
+      result
+      "test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash_url_wrong_hash_fails.out"
diff --git a/cardano-cli/test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash_url_wrong_hash_fails.out b/cardano-cli/test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash_url_wrong_hash_fails.out
new file mode 100644
index 0000000000..2021fd252f
--- /dev/null
+++ b/cardano-cli/test/cardano-cli-golden/files/golden/governance/drep/drep_metadata_hash_url_wrong_hash_fails.out
@@ -0,0 +1,3 @@
+Command failed: governance drep metadata-hash  Error: Hashes do not match!
+Expected: "ee38a4f5b8b9d8372386cc923bad19d1a0662298cf355bbe947e5eedf127fa9c"
+  Actual: "de38a4f5b8b9d8372386cc923bad19d1a0662298cf355bbe947e5eedf127fa9c"
diff --git a/cardano-cli/test/cardano-cli-golden/files/golden/help.cli b/cardano-cli/test/cardano-cli-golden/files/golden/help.cli
index 4e133a9d60..ff8632d071 100644
--- a/cardano-cli/test/cardano-cli-golden/files/golden/help.cli
+++ b/cardano-cli/test/cardano-cli-golden/files/golden/help.cli
@@ -6861,10 +6861,16 @@ Usage: cardano-cli conway governance drep update-certificate
 
   Create a DRep update certificate.
 
-Usage: cardano-cli conway governance drep metadata-hash --drep-metadata-file FILEPATH
-                                                          [--out-file FILEPATH]
+Usage: cardano-cli conway governance drep metadata-hash 
+                                                          ( --drep-metadata-file FILEPATH
+                                                          | --drep-metadata-url TEXT
+                                                          )
+                                                          [ --expected-hash HASH
+                                                          | --out-file FILEPATH
+                                                          ]
 
-  Calculate the hash of a metadata file.
+  Calculate the hash of a metadata file, optionally checking the obtained hash
+  against an expected value.
 
 Usage: cardano-cli conway governance vote (create | view)
 
@@ -8847,10 +8853,16 @@ Usage: cardano-cli latest governance drep update-certificate
 
   Create a DRep update certificate.
 
-Usage: cardano-cli latest governance drep metadata-hash --drep-metadata-file FILEPATH
-                                                          [--out-file FILEPATH]
+Usage: cardano-cli latest governance drep metadata-hash 
+                                                          ( --drep-metadata-file FILEPATH
+                                                          | --drep-metadata-url TEXT
+                                                          )
+                                                          [ --expected-hash HASH
+                                                          | --out-file FILEPATH
+                                                          ]
 
-  Calculate the hash of a metadata file.
+  Calculate the hash of a metadata file, optionally checking the obtained hash
+  against an expected value.
 
 Usage: cardano-cli latest governance vote (create | view)
 
diff --git a/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep.cli b/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep.cli
index 6d23ec55ac..ef5f334fa9 100644
--- a/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep.cli
+++ b/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep.cli
@@ -19,4 +19,5 @@ Available commands:
   registration-certificate Create a registration certificate.
   retirement-certificate   Create a DRep retirement certificate.
   update-certificate       Create a DRep update certificate.
-  metadata-hash            Calculate the hash of a metadata file.
+  metadata-hash            Calculate the hash of a metadata file, optionally
+                           checking the obtained hash against an expected value.
diff --git a/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep_metadata-hash.cli b/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep_metadata-hash.cli
index b19fa03019..cf1c1d8099 100644
--- a/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep_metadata-hash.cli
+++ b/cardano-cli/test/cardano-cli-golden/files/golden/help/conway_governance_drep_metadata-hash.cli
@@ -1,10 +1,20 @@
-Usage: cardano-cli conway governance drep metadata-hash --drep-metadata-file FILEPATH
-                                                          [--out-file FILEPATH]
+Usage: cardano-cli conway governance drep metadata-hash 
+                                                          ( --drep-metadata-file FILEPATH
+                                                          | --drep-metadata-url TEXT
+                                                          )
+                                                          [ --expected-hash HASH
+                                                          | --out-file FILEPATH
+                                                          ]
 
-  Calculate the hash of a metadata file.
+  Calculate the hash of a metadata file, optionally checking the obtained hash
+  against an expected value.
 
 Available options:
   --drep-metadata-file FILEPATH
                            JSON Metadata file to hash.
-  --out-file FILEPATH      Optional output file. Default is to write to stdout.
+  --drep-metadata-url TEXT URL pointing to the JSON Metadata file to hash.
+  --expected-hash HASH     Expected hash for the DRep metadata, for verification
+                           purposes. If provided, the hash of the DRep metadata
+                           is compared to this value.
+  --out-file FILEPATH      The output file.
   -h,--help                Show this help text
diff --git a/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep.cli b/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep.cli
index c528ca5510..aa51969226 100644
--- a/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep.cli
+++ b/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep.cli
@@ -19,4 +19,5 @@ Available commands:
   registration-certificate Create a registration certificate.
   retirement-certificate   Create a DRep retirement certificate.
   update-certificate       Create a DRep update certificate.
-  metadata-hash            Calculate the hash of a metadata file.
+  metadata-hash            Calculate the hash of a metadata file, optionally
+                           checking the obtained hash against an expected value.
diff --git a/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep_metadata-hash.cli b/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep_metadata-hash.cli
index 8244533c50..30264f2d17 100644
--- a/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep_metadata-hash.cli
+++ b/cardano-cli/test/cardano-cli-golden/files/golden/help/latest_governance_drep_metadata-hash.cli
@@ -1,10 +1,20 @@
-Usage: cardano-cli latest governance drep metadata-hash --drep-metadata-file FILEPATH
-                                                          [--out-file FILEPATH]
+Usage: cardano-cli latest governance drep metadata-hash 
+                                                          ( --drep-metadata-file FILEPATH
+                                                          | --drep-metadata-url TEXT
+                                                          )
+                                                          [ --expected-hash HASH
+                                                          | --out-file FILEPATH
+                                                          ]
 
-  Calculate the hash of a metadata file.
+  Calculate the hash of a metadata file, optionally checking the obtained hash
+  against an expected value.
 
 Available options:
   --drep-metadata-file FILEPATH
                            JSON Metadata file to hash.
-  --out-file FILEPATH      Optional output file. Default is to write to stdout.
+  --drep-metadata-url TEXT URL pointing to the JSON Metadata file to hash.
+  --expected-hash HASH     Expected hash for the DRep metadata, for verification
+                           purposes. If provided, the hash of the DRep metadata
+                           is compared to this value.
+  --out-file FILEPATH      The output file.
   -h,--help                Show this help text
diff --git a/cardano-cli/test/cardano-cli-test/Test/Cli/DRepMetadata.hs b/cardano-cli/test/cardano-cli-test/Test/Cli/DRepMetadata.hs
new file mode 100644
index 0000000000..99655ab383
--- /dev/null
+++ b/cardano-cli/test/cardano-cli-test/Test/Cli/DRepMetadata.hs
@@ -0,0 +1,63 @@
+{-# LANGUAGE FlexibleContexts #-}
+
+module Test.Cli.DRepMetadata where
+
+import           Cardano.Api (MonadIO)
+
+import           Control.Monad (void)
+import           Control.Monad.Catch (MonadCatch)
+import           Control.Monad.Trans.Control (MonadBaseControl)
+
+import           Test.Cardano.CLI.Hash (exampleAnchorDataHash, exampleAnchorDataIpfsHash,
+                   exampleAnchorDataPathTest, serveFilesWhile, tamperBase16Hash)
+import           Test.Cardano.CLI.Util (execCardanoCLIWithEnvVars, expectFailure, propertyOnce)
+
+import           Hedgehog (Property)
+import qualified Hedgehog as H
+import           Hedgehog.Internal.Property (MonadTest)
+
+-- Execute me with:
+-- @cabal test cardano-cli-test --test-options '-p "/drep metadata hash url wrong hash fails/"'@
+hprop_drep_metadata_hash_url_wrong_hash_fails :: Property
+hprop_drep_metadata_hash_url_wrong_hash_fails =
+  propertyOnce . expectFailure $ do
+    -- We modify the hash slightly so that the hash check fails
+    alteredHash <- H.evalMaybe $ tamperBase16Hash exampleAnchorDataHash
+    -- We run the test with the modified hash
+    baseDrepMetadataHashUrl alteredHash
+
+-- Execute me with:
+-- @cabal test cardano-cli-test --test-options '-p "/drep metadata hash url correct hash/"'@
+hprop_drep_metadata_hash_url_correct_hash :: Property
+hprop_drep_metadata_hash_url_correct_hash =
+  propertyOnce $ baseDrepMetadataHashUrl exampleAnchorDataHash
+
+baseDrepMetadataHashUrl
+  :: (MonadBaseControl IO m, MonadTest m, MonadIO m, MonadCatch m)
+  => String
+  -- ^ The hash to check against. Changing this value allows us to test the
+  -- behavior of the command both when the hash is correct and when it is incorrect
+  -- reusing the same code.
+  -> m ()
+baseDrepMetadataHashUrl hash = do
+  let relativeUrl = ["ipfs", exampleAnchorDataIpfsHash]
+
+  -- Create temporary HTTP server with files required by the call to `cardano-cli`
+  -- In this case, the server emulates an IPFS gateway
+  serveFilesWhile
+    [ (relativeUrl, exampleAnchorDataPathTest)
+    ]
+    ( \port -> do
+        void $
+          execCardanoCLIWithEnvVars
+            [("IPFS_GATEWAY_URI", "http://localhost:" ++ show port ++ "/")]
+            [ "conway"
+            , "governance"
+            , "drep"
+            , "metadata-hash"
+            , "--drep-metadata-url"
+            , "ipfs://" ++ exampleAnchorDataIpfsHash
+            , "--expected-hash"
+            , hash
+            ]
+    )