diff --git a/litellm/proxy/_experimental/mcp_server/mcp_server_manager.py b/litellm/proxy/_experimental/mcp_server/mcp_server_manager.py
index 7509f62f7f4..274487af9f7 100644
--- a/litellm/proxy/_experimental/mcp_server/mcp_server_manager.py
+++ b/litellm/proxy/_experimental/mcp_server/mcp_server_manager.py
@@ -1361,6 +1361,18 @@ async def _byok_listing_auth_header(
     return await _get_byok_credential(mcp_server, user_api_key_auth)
 
 
+def _listing_upstream_auth_header(
+    mcp_server: MCPServer,
+    mcp_auth_header: str | dict[str, str] | None,
+    byok_auth_header: str | dict[str, str] | None,
+) -> str | dict[str, str] | None:
+    """The credential a tools/list sends upstream: an oauth2 server's is minted or signed, never the
+    stored BYOK one, the same rule ``_get_tools_from_mcp_servers`` applies to its own resolution."""
+    if mcp_server.auth_type == MCPAuth.oauth2:
+        return mcp_auth_header
+    return byok_auth_header
+
+
 def _client_forwarded_authorization_headers(
     mcp_server: MCPServer,
     oauth2_headers: dict[str, str] | None,
@@ -4500,6 +4512,9 @@ class MCPServerManager:
 
         client = None
         resolved_mcp_auth_header: Final = await _byok_listing_auth_header(server, user_api_key_auth, mcp_auth_header)
+        upstream_mcp_auth_header: Final = _listing_upstream_auth_header(
+            server, mcp_auth_header, resolved_mcp_auth_header
+        )
         listed_caller: Final = ListedToolsCaller(
             user_api_key_auth=user_api_key_auth,
             mcp_auth_header=resolved_mcp_auth_header,
@@ -4549,7 +4564,7 @@ class MCPServerManager:
                 if (
                     get_mcp_jwt_signer() is not None
                     and not has_static_authorization
-                    and not resolved_mcp_auth_header
+                    and not upstream_mcp_auth_header
                     and not has_extra_authorization
                 ):
                     extra_headers = await inject_mcp_jwt_headers_for_upstream(
@@ -4572,7 +4587,7 @@ class MCPServerManager:
 
             client = await self._create_mcp_client(
                 server=server,
-                mcp_auth_header=resolved_mcp_auth_header,
+                mcp_auth_header=upstream_mcp_auth_header,
                 extra_headers=extra_headers,
                 stdio_env=stdio_env,
                 subject_token=subject_token,
diff --git a/tests/test_litellm/proxy/_experimental/mcp_server/test_mcp_server_manager.py b/tests/test_litellm/proxy/_experimental/mcp_server/test_mcp_server_manager.py
index eab57b0aee4..28a1098b436 100644
--- a/tests/test_litellm/proxy/_experimental/mcp_server/test_mcp_server_manager.py
+++ b/tests/test_litellm/proxy/_experimental/mcp_server/test_mcp_server_manager.py
@@ -7380,6 +7380,58 @@ class TestMCPServerManager:
         assert listed is not None and listed.description == "t"
         assert manager._create_mcp_client.await_args.kwargs["mcp_auth_header"] == "Bearer hdr"
 
+    @pytest.mark.asyncio
+    async def test_oauth2_byok_listing_leaves_the_minted_token_and_signer_in_place(self):
+        """The stored BYOK secret keys the catalog slot tools/call reads, but never reaches the oauth2
+        upstream on tools/list: the client mints its M2M token and MCPJWTSigner still signs."""
+        from litellm.proxy._experimental.mcp_server.byok_credential_cache import (
+            byok_credential_cache_key,
+            cache_byok_credential,
+        )
+        from litellm.proxy._experimental.mcp_server.operations import byok_credential_cache
+
+        manager = MCPServerManager()
+        server = MCPServer(
+            server_id="cc1",
+            name="cc1",
+            transport=MCPTransport.http,
+            url="http://cc1",
+            auth_type=MCPAuth.oauth2,
+            client_id="cid",
+            client_secret="csec",
+            token_url="http://cc1/token",
+            is_byok=True,
+        )
+        alice = UserAPIKeyAuth(api_key="sk-alice", user_id="alice")
+        manager._create_mcp_client = AsyncMock(return_value=AsyncMock())
+        manager._fetch_tools_with_timeout = AsyncMock(
+            return_value=[MCPTool(name="echo", description="m2m catalog", inputSchema={})]
+        )
+        signer_headers = AsyncMock(return_value={"Authorization": "Bearer signed-jwt"})
+        cache_byok_credential("alice", "cc1", "BYOK-ALICE-SECRET")
+        try:
+            with (
+                patch(  # test-quality-ok: the signer is a process-wide singleton the manager reads, no injection seam
+                    "litellm.proxy.guardrails.guardrail_hooks.mcp_jwt_signer.mcp_jwt_signer.get_mcp_jwt_signer",
+                    return_value=MagicMock(),
+                ),
+                patch(  # test-quality-ok: same singleton's header injection, asserted on by call
+                    "litellm.proxy.guardrails.guardrail_hooks.mcp_jwt_signer.mcp_jwt_signer.inject_mcp_jwt_headers_for_upstream",
+                    signer_headers,
+                ),
+            ):
+                await manager._get_tools_from_server(server=server, user_api_key_auth=alice)
+        finally:
+            byok_credential_cache.delete_cache(byok_credential_cache_key("alice", "cc1"))
+
+        client_kwargs = manager._create_mcp_client.await_args.kwargs
+        assert client_kwargs["mcp_auth_header"] is None, client_kwargs
+        assert client_kwargs["extra_headers"] == {"Authorization": "Bearer signed-jwt"}
+        signer_headers.assert_awaited_once()
+        call_side = ListedToolsCaller(user_api_key_auth=alice, mcp_auth_header="BYOK-ALICE-SECRET")
+        listed = manager.get_listed_tool(server, "echo", call_side)
+        assert listed is not None and listed.description == "m2m catalog"
+
     @pytest.mark.parametrize(
         ("signer", "static_headers"),
         [