diff --git a/daemon/algod/api/server/v2/delta.go b/daemon/algod/api/server/v2/delta.go
index d70e8275a6..ae1d2d43e5 100644
--- a/daemon/algod/api/server/v2/delta.go
+++ b/daemon/algod/api/server/v2/delta.go
@@ -85,9 +85,10 @@ func StateDeltaToLedgerDelta(sDelta ledgercore.StateDelta, consensus config.Cons
 
 	for key, kvDelta := range sDelta.KvMods {
 		var keyBytes = []byte(key)
+		var valueBytes = kvDelta.Data
 		keyValues = append(keyValues, model.KvDelta{
 			Key:   &keyBytes,
-			Value: &kvDelta.Data,
+			Value: &valueBytes,
 		})
 	}
 
diff --git a/daemon/algod/api/server/v2/delta_test.go b/daemon/algod/api/server/v2/delta_test.go
index 29135ce47c..316dbb8078 100644
--- a/daemon/algod/api/server/v2/delta_test.go
+++ b/daemon/algod/api/server/v2/delta_test.go
@@ -89,6 +89,12 @@ func TestDelta(t *testing.T) {
 				Data:    []byte("foobar"),
 				OldData: []byte("barfoo"),
 			},
+			"box2": {
+				Data: []byte("alpha"),
+			},
+			"box3": {
+				Data: []byte("beta"),
+			},
 		},
 		Txleases: map[ledgercore.Txlease]basics.Round{
 			{Sender: poolAddr, Lease: txLease}: 600,
@@ -134,6 +140,10 @@ func TestDelta(t *testing.T) {
 	require.Equal(t, len(original.KvMods), len(*converted.KvMods))
 	require.Equal(t, []uint8("box1"), *(*converted.KvMods)[0].Key)
 	require.Equal(t, original.KvMods["box1"].Data, *(*converted.KvMods)[0].Value)
+	require.Equal(t, []uint8("box2"), *(*converted.KvMods)[1].Key)
+	require.Equal(t, original.KvMods["box2"].Data, *(*converted.KvMods)[1].Value)
+	require.Equal(t, []uint8("box3"), *(*converted.KvMods)[2].Key)
+	require.Equal(t, original.KvMods["box3"].Data, *(*converted.KvMods)[2].Value)
 	require.Equal(t, txLease[:], (*converted.TxLeases)[0].Lease)
 	require.Equal(t, poolAddr.String(), (*converted.TxLeases)[0].Sender)
 	require.Equal(t, uint64(600), (*converted.TxLeases)[0].Expiration)