diff --git a/src/routes/safe/store/actions/fetchBalances.js b/src/routes/safe/store/actions/fetchBalances.js
index 76f2705a..d833b9c4 100644
--- a/src/routes/safe/store/actions/fetchBalances.js
+++ b/src/routes/safe/store/actions/fetchBalances.js
@@ -7,9 +7,11 @@ import { getBalanceInEtherOf, getWeb3 } from '~/wallets/getWeb3'
 import { type GlobalState } from '~/store/index'
 import { makeBalance, type Balance, type BalanceProps } from '~/routes/safe/store/model/balance'
 import logo from '~/assets/icons/icon_etherTokens.svg'
+import { ensureOnce } from '~/utils/singleton'
 import addBalances from './addBalances'
 
-export const getStandardTokenContract = async () => {
+
+const createStandardTokenContract = async () => {
   const web3 = getWeb3()
   const erc20Token = await contract(StandardToken)
   erc20Token.setProvider(web3.currentProvider)
@@ -17,6 +19,8 @@ export const getStandardTokenContract = async () => {
   return erc20Token
 }
 
+export const getStandardTokenContract = ensureOnce(createStandardTokenContract)
+
 export const calculateBalanceOf = async (tokenAddress: string, address: string, decimals: number) => {
   const erc20Token = await getStandardTokenContract()