diff --git a/src/Ledger.cpp b/src/Ledger.cpp
index 0c5929082e..146ccd1a4b 100644
--- a/src/Ledger.cpp
+++ b/src/Ledger.cpp
@@ -401,7 +401,16 @@ void Ledger::addJson(Json::Value& ret, int options)
 				SerializedLedgerEntry sle(sit, item->getTag());
 				state.append(sle.getJson(0));
 			}
-			else state.append(item->getTag().GetHex());
+			else
+			{ // 16-bit namespace, 160-bit tag, 80-bit index
+				const uint256& tag = item->getTag();
+				uint160 account;
+				memcpy(account.begin(), tag.begin() + 4, account.size());
+				NewcoinAddress naAccount;
+				naAccount.setAccountID(account);
+				state.append(strHex(tag.begin(), 4) + ":" + naAccount.humanAccountID() + ":" +
+					strHex(tag.begin() + 4 + account.size(), tag.size() - (account.size() + 4)));
+			}
 		}
 		ledger["AccountState"] = state;
 	}