diff --git a/CHANGELOG.md b/CHANGELOG.md
index f58b8c421..319e2136c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # HSD Release Notes & Changelog
 
+## Unreleased
+
+### Wallet changes
+  - Add `--wallet-preload-all` (or `--preload-all` for standalone wallet node)
+    that will open all wallets before starting other services (e.g. HTTP).
+    By default this is set to `false`.
+
 ## v5.0.0
 
 **When upgrading to this version of hsd, you must pass `--wallet-migrate=2` when
diff --git a/lib/wallet/node.js b/lib/wallet/node.js
index e28894ef1..dcf762a5d 100644
--- a/lib/wallet/node.js
+++ b/lib/wallet/node.js
@@ -52,7 +52,8 @@ class WalletNode extends Node {
       wipeNoReally: this.config.bool('wipe-no-really'),
       spv: this.config.bool('spv'),
       walletMigrate: this.config.uint('migrate'),
-      checkLookahead: this.config.bool('check-lookahead', false)
+      checkLookahead: this.config.bool('check-lookahead', false),
+      preloadAll: this.config.bool('preload-all', false)
     });
 
     this.rpc = new RPC(this);
diff --git a/lib/wallet/plugin.js b/lib/wallet/plugin.js
index f0a7b7434..017769556 100644
--- a/lib/wallet/plugin.js
+++ b/lib/wallet/plugin.js
@@ -53,7 +53,8 @@ class Plugin extends EventEmitter {
       wipeNoReally: this.config.bool('wipe-no-really'),
       spv: node.spv,
       walletMigrate: this.config.uint('migrate'),
-      checkLookahead: this.config.bool('check-lookahead', false)
+      checkLookahead: this.config.bool('check-lookahead', false),
+      preloadAll: this.config.bool('preload-all', false)
     });
 
     this.rpc = new RPC(this);
diff --git a/lib/wallet/walletdb.js b/lib/wallet/walletdb.js
index bf65c048d..eb0224129 100644
--- a/lib/wallet/walletdb.js
+++ b/lib/wallet/walletdb.js
@@ -226,6 +226,7 @@ class WalletDB extends EventEmitter {
     }
 
     await this.checkLookahead();
+    await this.preloadAll();
   }
 
   /**
@@ -277,6 +278,26 @@ class WalletDB extends EventEmitter {
     await b.write();
    }
 
+  /**
+   * Preload all wallets.
+   * @returns {Promise}
+   */
+
+  async preloadAll() {
+    if (!this.options.preloadAll)
+      return;
+
+    this.logger.info('Preloading all wallets...');
+    const wids = await this.db.keys({
+      gte: layout.W.min(),
+      lte: layout.W.max(),
+      parse: key => layout.W.decode(key)[0]
+    });
+
+    for (const wid of wids)
+      await this._get(wid);
+  }
+
   /**
    * Verify network.
    * @returns {Promise}
@@ -2505,6 +2526,7 @@ class WalletOptions {
     this.wipeNoReally = false;
     this.walletMigrate = -1;
     this.checkLookahead = false;
+    this.preloadAll = false;
 
     if (options)
       this.fromOptions(options);
@@ -2592,6 +2614,11 @@ class WalletOptions {
       this.checkLookahead = options.checkLookahead;
     }
 
+    if (options.preloadAll != null) {
+      assert(typeof options.preloadAll === 'boolean');
+      this.preloadAll = options.preloadAll;
+    }
+
     return this;
   }