diff --git a/cmd/crates/soroban-spec-tools/src/lib.rs b/cmd/crates/soroban-spec-tools/src/lib.rs
index 6b2cb74c3..7899f6093 100644
--- a/cmd/crates/soroban-spec-tools/src/lib.rs
+++ b/cmd/crates/soroban-spec-tools/src/lib.rs
@@ -585,6 +585,11 @@ impl Spec {
             (val, ScType::Result(inner)) => self.xdr_to_json(val, &inner.ok_type)?,
 
             (val, ScType::Option(inner)) => self.xdr_to_json(val, &inner.value_type)?,
+
+            // ScType::Val is the generic Soroban value type that can hold any ScVal.
+            // Delegate to to_json which handles all ScVal variants without type info.
+            (val, ScType::Val) => to_json(val)?,
+
             (ScVal::Map(Some(_)) | ScVal::Vec(Some(_)) | ScVal::U32(_), type_) => {
                 self.sc_object_to_json(val, type_)?
             }
@@ -2450,4 +2455,63 @@ mod tests {
         let json = spec.sc_map_to_json(&sc_map, &map_type).unwrap();
         assert_eq!(json.to_string(), r#"{"foo":2}"#);
     }
+
+    #[test]
+    fn test_xdr_to_json_bytes_with_val_type() {
+        // Regression test for https://github.com/stellar/stellar-cli/issues/2469
+        // When a contract function returns ScType::Val and the runtime value is
+        // ScVal::Bytes (e.g. BytesN<32>), xdr_to_json should succeed instead of
+        // panicking with "doesn't have a matching Val".
+        let spec = Spec(None);
+        let bytes_val = ScVal::Bytes(ScBytes(
+            vec![
+                0x05, 0x5e, 0xf8, 0x16, 0x22, 0x3e, 0xe5, 0x21, 0x6b, 0x18, 0xc2, 0xdf, 0x00, 0xd6,
+                0x15, 0xee, 0x08, 0x9a, 0x8e, 0xf1, 0x1b, 0x92, 0x7a, 0x76, 0x4e, 0x4f, 0x5d, 0x6c,
+                0x0c, 0xb4, 0xf4, 0xc7,
+            ]
+            .try_into()
+            .unwrap(),
+        ));
+        let result = spec.xdr_to_json(&bytes_val, &ScType::Val);
+        assert_eq!(
+            result.unwrap(),
+            Value::String(
+                "055ef816223ee5216b18c2df00d615ee089a8ef11b927a764e4f5d6c0cb4f4c7".to_string()
+            )
+        );
+    }
+
+    #[test]
+    fn test_xdr_to_json_map_with_val_type() {
+        // ScVal::Map with ScType::Val should delegate to to_json, not sc_object_to_json.
+        let spec = Spec(None);
+        let map_val = ScVal::Map(Some(
+            ScMap::sorted_from(vec![ScMapEntry {
+                key: ScVal::Symbol(ScSymbol("key".try_into().unwrap())),
+                val: ScVal::U32(42),
+            }])
+            .unwrap(),
+        ));
+        let result = spec.xdr_to_json(&map_val, &ScType::Val);
+        assert!(result.is_ok(), "Map with ScType::Val should not error");
+    }
+
+    #[test]
+    fn test_xdr_to_json_vec_with_val_type() {
+        // ScVal::Vec with ScType::Val should delegate to to_json, not sc_object_to_json.
+        let spec = Spec(None);
+        let vec_val = ScVal::Vec(Some(
+            ScVec::try_from(vec![ScVal::U32(1), ScVal::U32(2)]).unwrap(),
+        ));
+        let result = spec.xdr_to_json(&vec_val, &ScType::Val);
+        assert!(result.is_ok(), "Vec with ScType::Val should not error");
+    }
+
+    #[test]
+    fn test_xdr_to_json_u32_with_val_type() {
+        // ScVal::U32 with ScType::Val should delegate to to_json, not sc_object_to_json.
+        let spec = Spec(None);
+        let result = spec.xdr_to_json(&ScVal::U32(100), &ScType::Val);
+        assert_eq!(result.unwrap(), Value::Number(100.into()));
+    }
 }