diff --git a/cmd/bucket-handlers.go b/cmd/bucket-handlers.go
index dfd600134..81b58ead6 100644
--- a/cmd/bucket-handlers.go
+++ b/cmd/bucket-handlers.go
@@ -91,7 +91,7 @@ const (
 // -- If IP of the entry doesn't match, this means entry is
 //
 //	for another instance. Log an error to console.
-func initFederatorBackend(buckets []BucketInfo, objLayer ObjectLayer) {
+func initFederatorBackend(buckets []string, objLayer ObjectLayer) {
 	if len(buckets) == 0 {
 		return
 	}
@@ -112,10 +112,10 @@ func initFederatorBackend(buckets []BucketInfo, objLayer ObjectLayer) {
 	domainMissing := err == dns.ErrDomainMissing
 	if dnsBuckets != nil {
 		for _, bucket := range buckets {
-			bucketsSet.Add(bucket.Name)
-			r, ok := dnsBuckets[bucket.Name]
+			bucketsSet.Add(bucket)
+			r, ok := dnsBuckets[bucket]
 			if !ok {
-				bucketsToBeUpdated.Add(bucket.Name)
+				bucketsToBeUpdated.Add(bucket)
 				continue
 			}
 			if !globalDomainIPs.Intersection(set.CreateStringSet(getHostsSlice(r)...)).IsEmpty() {
@@ -134,7 +134,7 @@ func initFederatorBackend(buckets []BucketInfo, objLayer ObjectLayer) {
 				// but if we do see a difference with local domain IPs with
 				// hostSlice from etcd then we should update with newer
 				// domainIPs, we proceed to do that here.
-				bucketsToBeUpdated.Add(bucket.Name)
+				bucketsToBeUpdated.Add(bucket)
 				continue
 			}
 
@@ -143,7 +143,7 @@ func initFederatorBackend(buckets []BucketInfo, objLayer ObjectLayer) {
 			// bucket names are globally unique in federation at a given
 			// path prefix, name collision is not allowed. We simply log
 			// an error and continue.
-			bucketsInConflict.Add(bucket.Name)
+			bucketsInConflict.Add(bucket)
 		}
 	}
 
diff --git a/cmd/bucket-metadata-sys.go b/cmd/bucket-metadata-sys.go
index 6cf2d732c..fc6a6ff5b 100644
--- a/cmd/bucket-metadata-sys.go
+++ b/cmd/bucket-metadata-sys.go
@@ -392,9 +392,7 @@ func (sys *BucketMetadataSys) GetReplicationConfig(ctx context.Context, bucket s
 		return nil, time.Time{}, BucketReplicationConfigNotFound{Bucket: bucket}
 	}
 	if reloaded {
-		globalBucketTargetSys.set(BucketInfo{
-			Name: bucket,
-		}, meta)
+		globalBucketTargetSys.set(bucket, meta)
 	}
 	return meta.replicationConfig, meta.ReplicationConfigUpdatedAt, nil
 }
@@ -413,9 +411,7 @@ func (sys *BucketMetadataSys) GetBucketTargetsConfig(bucket string) (*madmin.Buc
 		return nil, BucketRemoteTargetNotFound{Bucket: bucket}
 	}
 	if reloaded {
-		globalBucketTargetSys.set(BucketInfo{
-			Name: bucket,
-		}, meta)
+		globalBucketTargetSys.set(bucket, meta)
 	}
 	return meta.bucketTargetConfig, nil
 }
@@ -471,7 +467,7 @@ func (sys *BucketMetadataSys) GetConfig(ctx context.Context, bucket string) (met
 }
 
 // Init - initializes bucket metadata system for all buckets.
-func (sys *BucketMetadataSys) Init(ctx context.Context, buckets []BucketInfo, objAPI ObjectLayer) error {
+func (sys *BucketMetadataSys) Init(ctx context.Context, buckets []string, objAPI ObjectLayer) error {
 	if objAPI == nil {
 		return errServerNotInitialized
 	}
@@ -484,7 +480,7 @@ func (sys *BucketMetadataSys) Init(ctx context.Context, buckets []BucketInfo, ob
 }
 
 // concurrently load bucket metadata to speed up loading bucket metadata.
-func (sys *BucketMetadataSys) concurrentLoad(ctx context.Context, buckets []BucketInfo, failedBuckets map[string]struct{}) {
+func (sys *BucketMetadataSys) concurrentLoad(ctx context.Context, buckets []string, failedBuckets map[string]struct{}) {
 	g := errgroup.WithNErrs(len(buckets))
 	bucketMetas := make([]BucketMetadata, len(buckets))
 	for index := range buckets {
@@ -494,8 +490,8 @@ func (sys *BucketMetadataSys) concurrentLoad(ctx context.Context, buckets []Buck
 			// herd upon start up sequence.
 			time.Sleep(25*time.Millisecond + time.Duration(rand.Int63n(int64(100*time.Millisecond))))
 
-			_, _ = sys.objAPI.HealBucket(ctx, buckets[index].Name, madmin.HealOpts{Recreate: true})
-			meta, err := loadBucketMetadata(ctx, sys.objAPI, buckets[index].Name)
+			_, _ = sys.objAPI.HealBucket(ctx, buckets[index], madmin.HealOpts{Recreate: true})
+			meta, err := loadBucketMetadata(ctx, sys.objAPI, buckets[index])
 			if err != nil {
 				return err
 			}
@@ -508,7 +504,7 @@ func (sys *BucketMetadataSys) concurrentLoad(ctx context.Context, buckets []Buck
 	for index, err := range errs {
 		if err != nil {
 			internalLogOnceIf(ctx, fmt.Errorf("Unable to load bucket metadata, will be retried: %w", err),
-				"load-bucket-metadata-"+buckets[index].Name, logger.WarningKind)
+				"load-bucket-metadata-"+buckets[index], logger.WarningKind)
 		}
 	}
 
@@ -519,7 +515,7 @@ func (sys *BucketMetadataSys) concurrentLoad(ctx context.Context, buckets []Buck
 		if errs[i] != nil {
 			continue
 		}
-		sys.metadataMap[buckets[i].Name] = meta
+		sys.metadataMap[buckets[i]] = meta
 	}
 	sys.Unlock()
 
@@ -528,7 +524,7 @@ func (sys *BucketMetadataSys) concurrentLoad(ctx context.Context, buckets []Buck
 			if failedBuckets == nil {
 				failedBuckets = make(map[string]struct{})
 			}
-			failedBuckets[buckets[i].Name] = struct{}{}
+			failedBuckets[buckets[i]] = struct{}{}
 			continue
 		}
 		globalEventNotifier.set(buckets[i], meta)   // set notification targets
@@ -548,7 +544,7 @@ func (sys *BucketMetadataSys) refreshBucketsMetadataLoop(ctx context.Context, fa
 		case <-ctx.Done():
 			return
 		case <-t.C:
-			buckets, err := sys.objAPI.ListBuckets(ctx, BucketOptions{})
+			buckets, err := sys.objAPI.ListBuckets(ctx, BucketOptions{NoMetadata: true})
 			if err != nil {
 				internalLogIf(ctx, err, logger.WarningKind)
 				break
@@ -579,8 +575,8 @@ func (sys *BucketMetadataSys) refreshBucketsMetadataLoop(ctx context.Context, fa
 
 				// Initialize the failed buckets
 				if _, ok := failedBuckets[buckets[i].Name]; ok {
-					globalEventNotifier.set(buckets[i], meta)
-					globalBucketTargetSys.set(buckets[i], meta)
+					globalEventNotifier.set(buckets[i].Name, meta)
+					globalBucketTargetSys.set(buckets[i].Name, meta)
 					delete(failedBuckets, buckets[i].Name)
 				}
 
@@ -600,8 +596,8 @@ func (sys *BucketMetadataSys) Initialized() bool {
 }
 
 // Loads bucket metadata for all buckets into BucketMetadataSys.
-func (sys *BucketMetadataSys) init(ctx context.Context, buckets []BucketInfo) {
-	count := 100 // load 100 bucket metadata at a time.
+func (sys *BucketMetadataSys) init(ctx context.Context, buckets []string) {
+	count := globalEndpoints.ESCount() * 10
 	failedBuckets := make(map[string]struct{})
 	for {
 		if len(buckets) < count {
diff --git a/cmd/bucket-replication.go b/cmd/bucket-replication.go
index 3baa91415..67c0bcc5e 100644
--- a/cmd/bucket-replication.go
+++ b/cmd/bucket-replication.go
@@ -3086,7 +3086,7 @@ func (p *ReplicationPool) deleteResyncMetadata(ctx context.Context, bucket strin
 }
 
 // initResync - initializes bucket replication resync for all buckets.
-func (p *ReplicationPool) initResync(ctx context.Context, buckets []BucketInfo, objAPI ObjectLayer) error {
+func (p *ReplicationPool) initResync(ctx context.Context, buckets []string, objAPI ObjectLayer) error {
 	if objAPI == nil {
 		return errServerNotInitialized
 	}
@@ -3095,7 +3095,7 @@ func (p *ReplicationPool) initResync(ctx context.Context, buckets []BucketInfo,
 	return nil
 }
 
-func (p *ReplicationPool) startResyncRoutine(ctx context.Context, buckets []BucketInfo, objAPI ObjectLayer) {
+func (p *ReplicationPool) startResyncRoutine(ctx context.Context, buckets []string, objAPI ObjectLayer) {
 	r := rand.New(rand.NewSource(time.Now().UnixNano()))
 	// Run the replication resync in a loop
 	for {
@@ -3113,13 +3113,13 @@ func (p *ReplicationPool) startResyncRoutine(ctx context.Context, buckets []Buck
 }
 
 // Loads bucket replication resync statuses into memory.
-func (p *ReplicationPool) loadResync(ctx context.Context, buckets []BucketInfo, objAPI ObjectLayer) error {
+func (p *ReplicationPool) loadResync(ctx context.Context, buckets []string, objAPI ObjectLayer) error {
 	// Make sure only one node running resync on the cluster.
 	ctx, cancel := globalLeaderLock.GetLock(ctx)
 	defer cancel()
 
 	for index := range buckets {
-		bucket := buckets[index].Name
+		bucket := buckets[index]
 
 		meta, err := loadBucketResyncMetadata(ctx, bucket, objAPI)
 		if err != nil {
diff --git a/cmd/bucket-targets.go b/cmd/bucket-targets.go
index 266ce57d5..0dda96c68 100644
--- a/cmd/bucket-targets.go
+++ b/cmd/bucket-targets.go
@@ -612,7 +612,7 @@ func (sys *BucketTargetSys) UpdateAllTargets(bucket string, tgts *madmin.BucketT
 }
 
 // create minio-go clients for buckets having remote targets
-func (sys *BucketTargetSys) set(bucket BucketInfo, meta BucketMetadata) {
+func (sys *BucketTargetSys) set(bucket string, meta BucketMetadata) {
 	cfg := meta.bucketTargetConfig
 	if cfg == nil || cfg.Empty() {
 		return
@@ -626,9 +626,9 @@ func (sys *BucketTargetSys) set(bucket BucketInfo, meta BucketMetadata) {
 			continue
 		}
 		sys.arnRemotesMap[tgt.Arn] = arnTarget{Client: tgtClient}
-		sys.updateBandwidthLimit(bucket.Name, tgt.Arn, tgt.BandwidthLimit)
+		sys.updateBandwidthLimit(bucket, tgt.Arn, tgt.BandwidthLimit)
 	}
-	sys.targetsMap[bucket.Name] = cfg.Targets
+	sys.targetsMap[bucket] = cfg.Targets
 }
 
 // Returns a minio-go Client configured to access remote host described in replication target config.
diff --git a/cmd/endpoint.go b/cmd/endpoint.go
index f3247b024..d716050bd 100644
--- a/cmd/endpoint.go
+++ b/cmd/endpoint.go
@@ -253,6 +253,14 @@ type PoolEndpoints struct {
 // EndpointServerPools - list of list of endpoints
 type EndpointServerPools []PoolEndpoints
 
+// ESCount returns the total number of erasure sets in this cluster
+func (l EndpointServerPools) ESCount() (count int) {
+	for _, p := range l {
+		count += p.SetCount
+	}
+	return
+}
+
 // GetNodes returns a sorted list of nodes in this cluster
 func (l EndpointServerPools) GetNodes() (nodes []Node) {
 	nodesMap := make(map[string]Node)
diff --git a/cmd/erasure-server-pool.go b/cmd/erasure-server-pool.go
index 2299f8d2d..7230b5f6b 100644
--- a/cmd/erasure-server-pool.go
+++ b/cmd/erasure-server-pool.go
@@ -2008,10 +2008,12 @@ func (z *erasureServerPools) ListBuckets(ctx context.Context, opts BucketOptions
 				if err != nil {
 					return nil, err
 				}
-				for i := range buckets {
-					createdAt, err := globalBucketMetadataSys.CreatedAt(buckets[i].Name)
-					if err == nil {
-						buckets[i].Created = createdAt
+				if !opts.NoMetadata {
+					for i := range buckets {
+						createdAt, err := globalBucketMetadataSys.CreatedAt(buckets[i].Name)
+						if err == nil {
+							buckets[i].Created = createdAt
+						}
 					}
 				}
 				return buckets, nil
@@ -2025,10 +2027,13 @@ func (z *erasureServerPools) ListBuckets(ctx context.Context, opts BucketOptions
 	if err != nil {
 		return nil, err
 	}
-	for i := range buckets {
-		createdAt, err := globalBucketMetadataSys.CreatedAt(buckets[i].Name)
-		if err == nil {
-			buckets[i].Created = createdAt
+
+	if !opts.NoMetadata {
+		for i := range buckets {
+			createdAt, err := globalBucketMetadataSys.CreatedAt(buckets[i].Name)
+			if err == nil {
+				buckets[i].Created = createdAt
+			}
 		}
 	}
 	return buckets, nil
diff --git a/cmd/event-notification.go b/cmd/event-notification.go
index 7089df75e..ceda47ef9 100644
--- a/cmd/event-notification.go
+++ b/cmd/event-notification.go
@@ -69,7 +69,7 @@ func (evnot *EventNotifier) GetARNList() []string {
 }
 
 // Loads notification policies for all buckets into EventNotifier.
-func (evnot *EventNotifier) set(bucket BucketInfo, meta BucketMetadata) {
+func (evnot *EventNotifier) set(bucket string, meta BucketMetadata) {
 	config := meta.notificationConfig
 	if config == nil {
 		return
@@ -81,7 +81,7 @@ func (evnot *EventNotifier) set(bucket BucketInfo, meta BucketMetadata) {
 			internalLogIf(GlobalContext, err)
 		}
 	}
-	evnot.AddRulesMap(bucket.Name, config.ToRulesMap())
+	evnot.AddRulesMap(bucket, config.ToRulesMap())
 }
 
 // Targets returns all the registered targets
diff --git a/cmd/object-api-interface.go b/cmd/object-api-interface.go
index 8960b6ca6..b9c55210a 100644
--- a/cmd/object-api-interface.go
+++ b/cmd/object-api-interface.go
@@ -179,8 +179,9 @@ type DeleteBucketOptions struct {
 
 // BucketOptions provides options for ListBuckets and GetBucketInfo call.
 type BucketOptions struct {
-	Deleted bool // true only when site replication is enabled
-	Cached  bool // true only when we are requesting a cached response instead of hitting the disk for example ListBuckets() call.
+	Deleted    bool // true only when site replication is enabled
+	Cached     bool // true only when we are requesting a cached response instead of hitting the disk for example ListBuckets() call.
+	NoMetadata bool
 }
 
 // SetReplicaStatus sets replica status and timestamp for delete operations in ObjectOptions
diff --git a/cmd/object-api-interface_gen.go b/cmd/object-api-interface_gen.go
index c8994be71..12b878584 100644
--- a/cmd/object-api-interface_gen.go
+++ b/cmd/object-api-interface_gen.go
@@ -9,13 +9,16 @@ import (
 // MarshalMsg implements msgp.Marshaler
 func (z BucketOptions) MarshalMsg(b []byte) (o []byte, err error) {
 	o = msgp.Require(b, z.Msgsize())
-	// map header, size 2
+	// map header, size 3
 	// string "Deleted"
-	o = append(o, 0x82, 0xa7, 0x44, 0x65, 0x6c, 0x65, 0x74, 0x65, 0x64)
+	o = append(o, 0x83, 0xa7, 0x44, 0x65, 0x6c, 0x65, 0x74, 0x65, 0x64)
 	o = msgp.AppendBool(o, z.Deleted)
 	// string "Cached"
 	o = append(o, 0xa6, 0x43, 0x61, 0x63, 0x68, 0x65, 0x64)
 	o = msgp.AppendBool(o, z.Cached)
+	// string "NoMetadata"
+	o = append(o, 0xaa, 0x4e, 0x6f, 0x4d, 0x65, 0x74, 0x61, 0x64, 0x61, 0x74, 0x61)
+	o = msgp.AppendBool(o, z.NoMetadata)
 	return
 }
 
@@ -49,6 +52,12 @@ func (z *BucketOptions) UnmarshalMsg(bts []byte) (o []byte, err error) {
 				err = msgp.WrapError(err, "Cached")
 				return
 			}
+		case "NoMetadata":
+			z.NoMetadata, bts, err = msgp.ReadBoolBytes(bts)
+			if err != nil {
+				err = msgp.WrapError(err, "NoMetadata")
+				return
+			}
 		default:
 			bts, err = msgp.Skip(bts)
 			if err != nil {
@@ -63,7 +72,7 @@ func (z *BucketOptions) UnmarshalMsg(bts []byte) (o []byte, err error) {
 
 // Msgsize returns an upper bound estimate of the number of bytes occupied by the serialized message
 func (z BucketOptions) Msgsize() (s int) {
-	s = 1 + 8 + msgp.BoolSize + 7 + msgp.BoolSize
+	s = 1 + 8 + msgp.BoolSize + 7 + msgp.BoolSize + 11 + msgp.BoolSize
 	return
 }
 
diff --git a/cmd/server-main.go b/cmd/server-main.go
index e707c96b4..f72807e2f 100644
--- a/cmd/server-main.go
+++ b/cmd/server-main.go
@@ -1053,11 +1053,11 @@ func serverMain(ctx *cli.Context) {
 			bootLogIf(GlobalContext, globalEventNotifier.InitBucketTargets(GlobalContext, newObject))
 		})
 
-		var buckets []BucketInfo
+		var buckets []string
 		// List buckets to initialize bucket metadata sub-sys.
 		bootstrapTrace("listBuckets", func() {
 			for {
-				buckets, err = newObject.ListBuckets(GlobalContext, BucketOptions{})
+				bucketsList, err := newObject.ListBuckets(GlobalContext, BucketOptions{NoMetadata: true})
 				if err != nil {
 					if configRetriableErrors(err) {
 						logger.Info("Waiting for list buckets to succeed to initialize buckets.. possible cause (%v)", err)
@@ -1067,6 +1067,10 @@ func serverMain(ctx *cli.Context) {
 					bootLogIf(GlobalContext, fmt.Errorf("Unable to list buckets to initialize bucket metadata sub-system: %w", err))
 				}
 
+				buckets = make([]string, len(bucketsList))
+				for i := range bucketsList {
+					buckets[i] = bucketsList[i].Name
+				}
 				break
 			}
 		})