diff --git a/hub/admin-web/src/lib/api.ts b/hub/admin-web/src/lib/api.ts
index 4c63ff4..c70e863 100644
--- a/hub/admin-web/src/lib/api.ts
+++ b/hub/admin-web/src/lib/api.ts
@@ -145,12 +145,13 @@ export interface SessionSummary {
 	updatedAt: string;
 }
 
-export interface ProviderConnection {
-	organizationId: string;
+export interface ProviderConnectionRow {
+	id: string;
 	providerId: string;
 	mode: 'BYOK' | 'PLATFORM_MANAGED';
-	baseUrl: string | null;
-	hasAuthToken: boolean;
+	status: 'DRAFT' | 'ACTIVE' | 'DISABLED';
+	activeVersion: number | null;
+	keyId: string | null;
 	createdAt: string;
 	updatedAt: string;
 }
@@ -248,7 +249,15 @@ export const api = {
 		return get(`${orgBase(slug)}/usage${qs ? `?${qs}` : ''}`) as Promise<UsageReport>;
 	},
 
-	provider: (slug: string) => get(`${orgBase(slug)}/provider-connection`) as Promise<ProviderConnection>,
-	setProvider: (slug: string, body: { mode: string; providerId?: string; baseUrl?: string | null; authToken?: string | null }) =>
-		put(`${orgBase(slug)}/provider-connection`, body) as Promise<ProviderConnection>
+	providerConnections: (slug: string) =>
+		get(`${orgBase(slug)}/provider-connections`) as Promise<{ connections: ProviderConnectionRow[] }>,
+	rotateProviderConnection: (
+		slug: string,
+		providerId: string,
+		body: { baseUrl: string; authToken: string; anthropicApiKey?: string },
+	) =>
+		put(
+			`${orgBase(slug)}/provider-connections/${encodeURIComponent(providerId)}`,
+			body,
+		) as Promise<ProviderConnectionRow>
 };
diff --git a/hub/admin-web/src/lib/constants.ts b/hub/admin-web/src/lib/constants.ts
index 8eda0a3..8440255 100644
--- a/hub/admin-web/src/lib/constants.ts
+++ b/hub/admin-web/src/lib/constants.ts
@@ -37,8 +37,3 @@ export const PERMISSION_ROLE_LABELS: Record<PermissionRole, string> = {
 	EDIT: '编辑',
 	MANAGE: '管理'
 };
-
-export const PROVIDER_MODES = [
-	{ value: 'PLATFORM_MANAGED', label: '平台托管' },
-	{ value: 'BYOK', label: '自带密钥' }
-] as const;
diff --git a/hub/admin-web/src/routes/admin/org/[slug]/provider/+page.svelte b/hub/admin-web/src/routes/admin/org/[slug]/provider/+page.svelte
index 6d97242..0c5fe74 100644
--- a/hub/admin-web/src/routes/admin/org/[slug]/provider/+page.svelte
+++ b/hub/admin-web/src/routes/admin/org/[slug]/provider/+page.svelte
@@ -1,36 +1,31 @@
 <script lang="ts">
 	import { page } from '$app/state';
-	import { api, type ProviderConnection } from '$lib/api';
-	import { fmtDate } from '$lib/format';
-	import { PROVIDER_MODES } from '$lib/constants';
+	import { api, type ProviderConnectionRow } from '$lib/api';
+	import { fmtDate, providerModeLabel } from '$lib/format';
 	import { Label } from 'bits-ui';
 	import PageHeader from '$lib/components/PageHeader.svelte';
 	import LoadingState from '$lib/components/LoadingState.svelte';
 	import ErrorBanner from '$lib/components/ErrorBanner.svelte';
-	import SelectField from '$lib/components/SelectField.svelte';
 	import { toastError, toastSuccess } from '$lib/toast';
 
 	const slug = $derived(page.params.slug ?? '');
-	const modeItems = PROVIDER_MODES.map((m) => ({ value: m.value, label: m.label }));
 
-	let conn = $state<ProviderConnection | null>(null);
+	let connections = $state<ProviderConnectionRow[]>([]);
 	let loading = $state(true);
 	let error = $state<string | null>(null);
 
-	let mode = $state<'BYOK' | 'PLATFORM_MANAGED'>('PLATFORM_MANAGED');
-	let providerId = $state('openrouter');
+	let providerId = $state('');
 	let baseUrl = $state('');
 	let authToken = $state('');
+	let anthropicApiKey = $state('');
 	let saving = $state(false);
 
 	async function load() {
 		loading = true;
 		error = null;
 		try {
-			conn = await api.provider(slug);
-			mode = conn.mode;
-			providerId = conn.providerId;
-			baseUrl = conn.baseUrl ?? '';
+			const res = await api.providerConnections(slug);
+			connections = res.connections;
 		} catch (err) {
 			error = err instanceof Error ? err.message : String(err);
 		} finally {
@@ -38,23 +33,44 @@
 		}
 	}
 
+	function startRotate(row: ProviderConnectionRow) {
+		providerId = row.providerId;
+		baseUrl = '';
+		authToken = '';
+		anthropicApiKey = '';
+	}
+
+	function resetForm() {
+		providerId = '';
+		baseUrl = '';
+		authToken = '';
+		anthropicApiKey = '';
+	}
+
 	async function save() {
-		saving = true;
-		const body: { mode: string; providerId: string; baseUrl?: string; authToken?: string } = {
-			mode,
-			providerId: providerId.trim()
-		};
-		if (mode === 'BYOK') {
-			if (baseUrl.trim()) body.baseUrl = baseUrl.trim();
-			if (authToken !== '') body.authToken = authToken;
+		const id = providerId.trim();
+		if (id === '') {
+			toastError('请填写供应方 ID');
+			return;
 		}
+		const url = baseUrl.trim();
+		const token = authToken.trim();
+		if (url === '' || token === '') {
+			toastError('接口地址与访问令牌均为必填');
+			return;
+		}
+		saving = true;
+		const body: { baseUrl: string; authToken: string; anthropicApiKey?: string } = {
+			baseUrl: url,
+			authToken: token
+		};
+		const key = anthropicApiKey.trim();
+		if (key !== '') body.anthropicApiKey = key;
 		try {
-			conn = await api.setProvider(slug, body);
-			mode = conn.mode;
-			providerId = conn.providerId;
-			baseUrl = conn.baseUrl ?? '';
-			authToken = '';
-			toastSuccess('供应方配置已保存');
+			await api.rotateProviderConnection(slug, id, body);
+			toastSuccess('凭据已轮换');
+			resetForm();
+			await load();
 		} catch (err) {
 			toastError(err instanceof Error ? err.message : String(err));
 		} finally {
@@ -69,86 +85,98 @@
 
 <PageHeader
 	title="模型供应方"
-	description="连接归属且仅归属本组织。可选择自带密钥，或使用平台为该组织单独托管的凭据。"
+	description="本组织的模型供应方连接。BYOK 由组织所有者/管理员轮换；平台托管连接由平台管理员配置。凭据按组织隔离，缺失或校验失败即拒绝运行（fail-closed）。"
 />
 
 {#if loading}
 	<LoadingState />
 {:else if error}
 	<ErrorBanner message={error} onretry={load} />
-{:else if conn}
-	<div class="saas-card-pad mb-6">
+{:else}
+	<div class="saas-card overflow-hidden mb-6">
+		<div class="border-b border-surface-200 px-5 py-3">
+			<h3 class="text-sm font-semibold text-surface-800">连接</h3>
+		</div>
+		{#if connections.length === 0}
+			<div class="saas-empty"><p class="text-sm text-surface-600">尚无供应方连接</p></div>
+		{:else}
+			<div class="overflow-x-auto">
+				<table class="data-table">
+					<thead>
+						<tr>
+							<th>供应方</th>
+							<th>凭据模式</th>
+							<th>状态</th>
+							<th>版本</th>
+							<th>更新于</th>
+							<th></th>
+						</tr>
+					</thead>
+					<tbody>
+						{#each connections as row}
+							<tr>
+								<td class="font-mono text-sm">{row.providerId}</td>
+								<td>{providerModeLabel(row.mode)}</td>
+								<td>{row.status}</td>
+								<td class="tabular-nums">{row.activeVersion ?? '—'}</td>
+								<td class="text-surface-600">{fmtDate(row.updatedAt)}</td>
+								<td>
+									{#if row.mode === 'BYOK'}
+										<button
+											class="saas-btn-ghost !px-2 !py-1 text-xs"
+											onclick={() => startRotate(row)}>轮换</button
+										>
+									{:else}
+										<span class="text-xs text-surface-500">平台管理</span>
+									{/if}
+								</td>
+							</tr>
+						{/each}
+					</tbody>
+				</table>
+			</div>
+		{/if}
+	</div>
+
+	<div class="saas-card-pad">
+		<h3 class="saas-section-title mb-1">轮换 BYOK 凭据</h3>
+		<p class="saas-muted mb-4">
+			密钥仅写入新版本，旧版本归档；保存时需重新填写接口地址与访问令牌。平台托管连接不在此处管理。
+		</p>
 		<div class="grid gap-5">
 			<div>
-				<p class="saas-label">凭据模式</p>
-				<SelectField
-					items={modeItems}
-					value={mode}
-					onchange={(v) => {
-						if (v === 'BYOK' || v === 'PLATFORM_MANAGED') mode = v;
-					}}
+				<Label.Root class="saas-label" for="provider-id">供应方 ID</Label.Root>
+				<input
+					id="provider-id"
+					class="saas-input font-mono text-sm"
+					bind:value={providerId}
+					placeholder="openrouter"
 				/>
 			</div>
-
 			<div>
-				<Label.Root class="saas-label" for="provider-id">供应方 ID</Label.Root>
-				<input id="provider-id" class="saas-input font-mono text-sm" bind:value={providerId} />
+				<Label.Root class="saas-label" for="base-url">接口地址</Label.Root>
+				<input
+					id="base-url"
+					class="saas-input"
+					placeholder="https://openrouter.ai/api"
+					bind:value={baseUrl}
+				/>
+			</div>
+			<div>
+				<Label.Root class="saas-label" for="auth-token">访问令牌</Label.Root>
+				<input id="auth-token" class="saas-input" type="password" bind:value={authToken} />
+			</div>
+			<div>
+				<Label.Root class="saas-label" for="anthropic-key">Anthropic API Key（可选）</Label.Root>
+				<input id="anthropic-key" class="saas-input" type="password" bind:value={anthropicApiKey} />
 			</div>
-
-			{#if mode === 'BYOK'}
-				<div>
-					<Label.Root class="saas-label" for="base-url">接口地址</Label.Root>
-					<input
-						id="base-url"
-						class="saas-input"
-						placeholder="https://openrouter.ai/api"
-						bind:value={baseUrl}
-					/>
-				</div>
-				<div>
-					<Label.Root class="saas-label" for="auth-token">访问令牌</Label.Root>
-					<input
-						id="auth-token"
-						class="saas-input"
-						type="password"
-						placeholder={conn.hasAuthToken ? '已设置（留空则不变）' : '填写访问令牌'}
-						bind:value={authToken}
-					/>
-					{#if conn.hasAuthToken}
-						<p class="saas-help">已存储密钥；输入新值替换，留空不变。</p>
-					{/if}
-				</div>
-			{/if}
 		</div>
-
 		<div class="mt-6 flex items-center gap-3 border-t border-surface-100 pt-4">
-			<span class="text-xs text-surface-600"
-				>{conn.updatedAt ? '更新于 ' + fmtDate(conn.updatedAt) : '尚未配置'}</span
-			>
 			<div class="flex-1"></div>
+			<button class="saas-btn-ghost" onclick={resetForm} disabled={saving}>清空</button>
 			<button class="saas-btn-primary" onclick={save} disabled={saving}>
 				{saving ? '保存中…' : '保存'}
 			</button>
 		</div>
 	</div>
-
-	<div class="saas-card-pad border-dashed">
-		<h3 class="saas-section-title mb-2">运行时解析</h3>
-		<ul class="space-y-2 text-sm text-surface-700">
-			<li class="flex gap-2">
-				<span class="text-primary-500">•</span>
-				<span>自带密钥：智能体会使用本连接的接口地址与访问令牌。</span>
-			</li>
-			<li class="flex gap-2">
-				<span class="text-primary-500">•</span>
-				<span>
-					平台托管或未配置时，回退到进程环境变量中的接口地址与访问令牌。真正的按组织托管密钥方案仍在规划中。
-				</span>
-			</li>
-			<li class="flex gap-2">
-				<span class="text-primary-500">•</span>
-				<span>模型与角色在对应页面管理；未配置时回退环境默认值。</span>
-			</li>
-		</ul>
-	</div>
 {/if}