diff --git a/src/status_im/utils/keychain/core.cljs b/src/status_im/utils/keychain/core.cljs
index f0c0123646..166882d74d 100644
--- a/src/status_im/utils/keychain/core.cljs
+++ b/src/status_im/utils/keychain/core.cljs
@@ -129,14 +129,23 @@
   (comp validate
         string->js-array))
 
+(defonce generic-password (atom nil))
+
 (defn get-encryption-key []
-  (log/debug "initializing realm encryption key...")
-  (.. (.getGenericPassword rn/keychain)
-      (then
-       (fn [res]
-         (if res
-           (handle-found res)
-           (handle-not-found))))))
+  (log/debug "PERF" "initializing realm encryption key..." (.now js/Date))
+  (if @generic-password
+    (js/Promise.
+     (fn [on-success _]
+       (on-success (security/unmask @generic-password))))
+    (.. (.getGenericPassword rn/keychain)
+        (then
+         (fn [res]
+           (if res
+             (let [handled-res (handle-found res)]
+               (reset! generic-password
+                       (security/->MaskedData handled-res))
+               handled-res)
+             (handle-not-found)))))))
 
 (defn safe-get-encryption-key
   "Return encryption key or empty string in case invalid/empty"
diff --git a/test/cljs/status_im/test/utils/keychain/core.cljs b/test/cljs/status_im/test/utils/keychain/core.cljs
index e7334b4827..8a2386919e 100644
--- a/test/cljs/status_im/test/utils/keychain/core.cljs
+++ b/test/cljs/status_im/test/utils/keychain/core.cljs
@@ -40,7 +40,8 @@
 (deftest key-is-weak
   (async
    done
-   (with-redefs [rn/keychain #js {:getGenericPassword (constantly (.resolve js/Promise #js {:password (key->json weak-key)}))}]
+   (with-redefs [rn/keychain #js {:getGenericPassword (constantly (.resolve js/Promise #js {:password (key->json weak-key)}))}
+                 keychain/generic-password (atom nil)]
      (testing "it returns a valid key"
        (.. (keychain/get-encryption-key)
            (then (fn [_]
@@ -54,7 +55,8 @@
 (deftest safe-key-is-not-valid
   (async
    done
-   (with-redefs [rn/keychain #js {:getGenericPassword (constantly (.resolve js/Promise #js {:password (key->json weak-key)}))}]
+   (with-redefs [rn/keychain #js {:getGenericPassword (constantly (.resolve js/Promise #js {:password (key->json weak-key)}))}
+                 keychain/generic-password (atom nil)]
      (testing "it returns a valid key"
        (.. (keychain/safe-get-encryption-key)
            (then (fn [k]
@@ -67,7 +69,8 @@
 (deftest safe-key-is-nil
   (async
    done
-   (with-redefs [rn/keychain #js {:getGenericPassword (constantly (.resolve js/Promise #js {:password nil}))}]
+   (with-redefs [rn/keychain #js {:getGenericPassword (constantly (.resolve js/Promise #js {:password nil}))}
+                 keychain/generic-password (atom nil)]
      (testing "it returns a valid key"
        (.. (keychain/safe-get-encryption-key)
            (then (fn [k]