diff --git a/Riot/Assets/en.lproj/Vector.strings b/Riot/Assets/en.lproj/Vector.strings
index bf1b697465..62f0797dcb 100644
--- a/Riot/Assets/en.lproj/Vector.strings
+++ b/Riot/Assets/en.lproj/Vector.strings
@@ -1977,6 +1977,7 @@ Tap the + to start adding people.";
 
 // MARK: - Launch loading
 
+"launch_loading_migrating_data" = "Migrating data\n%@ %%";
 "launch_loading_server_syncing" = "Syncing with the server";
 "launch_loading_server_syncing_nth_attempt" = "Syncing with the server\n(%@ attempt)";
 "launch_loading_processing_response" = "Processing data\n%@ %%";
diff --git a/Riot/Generated/Strings.swift b/Riot/Generated/Strings.swift
index 3de9542c2e..bb8e85211b 100644
--- a/Riot/Generated/Strings.swift
+++ b/Riot/Generated/Strings.swift
@@ -3179,6 +3179,10 @@ public class VectorL10n: NSObject {
   public static var later: String { 
     return VectorL10n.tr("Vector", "later") 
   }
+  /// Migrating data\n%@ %%
+  public static func launchLoadingMigratingData(_ p1: String) -> String {
+    return VectorL10n.tr("Vector", "launch_loading_migrating_data", p1)
+  }
   /// Processing data\n%@ %%
   public static func launchLoadingProcessingResponse(_ p1: String) -> String {
     return VectorL10n.tr("Vector", "launch_loading_processing_response", p1)
diff --git a/Riot/Modules/Application/LegacyAppDelegate.m b/Riot/Modules/Application/LegacyAppDelegate.m
index 15cdb8be1c..6ede5be425 100644
--- a/Riot/Modules/Application/LegacyAppDelegate.m
+++ b/Riot/Modules/Application/LegacyAppDelegate.m
@@ -2395,14 +2395,14 @@ - (void)showLaunchAnimation
         MXLogDebug(@"[AppDelegate] showLaunchAnimation");
         
         LaunchLoadingView *launchLoadingView;
-        if (MXSDKOptions.sharedInstance.enableSyncProgress)
+        if (MXSDKOptions.sharedInstance.enableStartupProgress)
         {
             MXSession *mainSession = self.mxSessions.firstObject;
-            launchLoadingView = [LaunchLoadingView instantiateWithSyncProgress:mainSession.syncProgress];
+            launchLoadingView = [LaunchLoadingView instantiateWithStartupProgress:mainSession.startupProgress];
         }
         else
         {
-            launchLoadingView = [LaunchLoadingView instantiateWithSyncProgress:nil];
+            launchLoadingView = [LaunchLoadingView instantiateWithStartupProgress:nil];
         }
                 
         launchLoadingView.frame = window.bounds;
diff --git a/Riot/Modules/Authentication/AuthenticationCoordinator.swift b/Riot/Modules/Authentication/AuthenticationCoordinator.swift
index 8b98989929..9f2e7083b6 100644
--- a/Riot/Modules/Authentication/AuthenticationCoordinator.swift
+++ b/Riot/Modules/Authentication/AuthenticationCoordinator.swift
@@ -613,8 +613,8 @@ final class AuthenticationCoordinator: NSObject, AuthenticationCoordinatorProtoc
     
     /// Replace the contents of the navigation router with a loading animation.
     private func showLoadingAnimation() {
-        let syncProgress: MXSessionSyncProgress? = MXSDKOptions.sharedInstance().enableSyncProgress ? session?.syncProgress : nil
-        let loadingViewController = LaunchLoadingViewController(syncProgress: syncProgress)
+        let startupProgress: MXSessionStartupProgress? = MXSDKOptions.sharedInstance().enableStartupProgress ? session?.startupProgress : nil
+        let loadingViewController = LaunchLoadingViewController(startupProgress: startupProgress)
         loadingViewController.modalPresentationStyle = .fullScreen
         
         // Replace the navigation stack with the loading animation
diff --git a/Riot/Modules/Authentication/Legacy/LegacyAuthenticationCoordinator.swift b/Riot/Modules/Authentication/Legacy/LegacyAuthenticationCoordinator.swift
index 583419075f..d6270edae1 100644
--- a/Riot/Modules/Authentication/Legacy/LegacyAuthenticationCoordinator.swift
+++ b/Riot/Modules/Authentication/Legacy/LegacyAuthenticationCoordinator.swift
@@ -106,8 +106,8 @@ final class LegacyAuthenticationCoordinator: NSObject, AuthenticationCoordinator
     // MARK: - Private
     
     private func showLoadingAnimation() {
-        let syncProgress: MXSessionSyncProgress? = MXSDKOptions.sharedInstance().enableSyncProgress ? session?.syncProgress : nil
-        let loadingViewController = LaunchLoadingViewController(syncProgress: syncProgress)
+        let startupProgress: MXSessionStartupProgress? = MXSDKOptions.sharedInstance().enableStartupProgress ? session?.startupProgress : nil
+        let loadingViewController = LaunchLoadingViewController(startupProgress: startupProgress)
         loadingViewController.modalPresentationStyle = .fullScreen
         
         // Replace the navigation stack with the loading animation
diff --git a/Riot/Modules/LaunchLoading/LaunchLoadingView.swift b/Riot/Modules/LaunchLoading/LaunchLoadingView.swift
index 55f3aff054..18d6add9d4 100644
--- a/Riot/Modules/LaunchLoading/LaunchLoadingView.swift
+++ b/Riot/Modules/LaunchLoading/LaunchLoadingView.swift
@@ -41,9 +41,9 @@ final class LaunchLoadingView: UIView, NibLoadable, Themable {
     
     // MARK: - Setup
     
-    static func instantiate(syncProgress: MXSessionSyncProgress?) -> LaunchLoadingView {
+    static func instantiate(startupProgress: MXSessionStartupProgress?) -> LaunchLoadingView {
         let view = LaunchLoadingView.loadFromNib()
-        syncProgress?.delegate = view
+        startupProgress?.delegate = view
         return view
     }
     
@@ -54,7 +54,7 @@ final class LaunchLoadingView: UIView, NibLoadable, Themable {
         animationTimeline.play()
         self.animationTimeline = animationTimeline
         
-        self.statusLabel.isHidden = !MXSDKOptions.sharedInstance().enableSyncProgress
+        self.statusLabel.isHidden = !MXSDKOptions.sharedInstance().enableStartupProgress
     }
     
     // MARK: - Public
@@ -65,21 +65,35 @@ final class LaunchLoadingView: UIView, NibLoadable, Themable {
     }
 }
 
-extension LaunchLoadingView: MXSessionSyncProgressDelegate {
-    func sessionDidUpdateSyncState(_ state: MXSessionSyncState) {
-        guard MXSDKOptions.sharedInstance().enableSyncProgress else {
+extension LaunchLoadingView: MXSessionStartupProgressDelegate {
+    func sessionDidUpdateStartupStage(_ stage: MXSessionStartupStage) {
+        guard MXSDKOptions.sharedInstance().enableStartupProgress else {
+            return
+        }
+        updateStatusText(for: stage)
+
+    }
+    
+    private func updateStatusText(for stage: MXSessionStartupStage) {
+        guard Thread.isMainThread else {
+            DispatchQueue.main.async { [weak self] in
+                self?.updateStatusText(for: stage)
+            }
             return
         }
         
         // Sync may be doing a lot of heavy work on the main thread and the status text
         // does not update reliably enough without explicitly refreshing
         CATransaction.begin()
-        statusLabel.text = statusText(for: state)
+        statusLabel.text = statusText(for: stage)
         CATransaction.commit()
     }
     
-    private func statusText(for state: MXSessionSyncState) -> String {
-        switch state {
+    private func statusText(for stage: MXSessionStartupStage) -> String {
+        switch stage {
+        case .migratingData(let progress):
+            let percent = Int(floor(progress * 100))
+            return VectorL10n.launchLoadingMigratingData("\(percent)")
         case .serverSyncing(let attempts):
             if attempts > 1, let nth = numberFormatter.string(from: NSNumber(value: attempts)) {
                 return VectorL10n.launchLoadingServerSyncingNthAttempt(nth)
diff --git a/Riot/Modules/LaunchLoading/LaunchLoadingViewController.swift b/Riot/Modules/LaunchLoading/LaunchLoadingViewController.swift
index 1da229b79a..ef9630dda9 100644
--- a/Riot/Modules/LaunchLoading/LaunchLoadingViewController.swift
+++ b/Riot/Modules/LaunchLoading/LaunchLoadingViewController.swift
@@ -21,10 +21,10 @@ class LaunchLoadingViewController: UIViewController, Reusable {
     
     required init?(coder: NSCoder) { fatalError("init(coder:) has not been implemented") }
     
-    init(syncProgress: MXSessionSyncProgress?) {
+    init(startupProgress: MXSessionStartupProgress?) {
         super.init(nibName: "LaunchLoadingViewController", bundle: nil)
         
-        let launchLoadingView = LaunchLoadingView.instantiate(syncProgress: syncProgress)
+        let launchLoadingView = LaunchLoadingView.instantiate(startupProgress: startupProgress)
         launchLoadingView.update(theme: ThemeService.shared().theme)
         view.vc_addSubViewMatchingParent(launchLoadingView)
         
diff --git a/changelog.d/pr-7286.change b/changelog.d/pr-7286.change
new file mode 100644
index 0000000000..ff8cbb8204
--- /dev/null
+++ b/changelog.d/pr-7286.change
@@ -0,0 +1 @@
+CryptoV2: Display migration progress during startup