Brain-computer interfaces (BCIs) offer a promising solution to speech loss due to neurological injury by decoding intended speech directly from brain activity. While recent BCIs have restored high-accuracy text-based communication, they fail to provide instantaneous voice output essential for the natural flow of conversation. Brain-to-voice BCIs address this gap by decoding voice directly from neural signals. However, even the state-of-the-art (SOTA) BCI-synthesized voice is not yet intelligible enough for real-world adoption. We introduce brain2voice 2.0, a new multimodal Transformer-based BCI decoder architecture capable of synthesizing highly intelligible voice from intracortical neural signals in real-time. Brain2voice 2.0 is trained on continuous and custom-tokenized acoustic targets and phoneme targets, leveraging their complementary speech information. We use self-supervised and adversarial training objectives that enhance acoustic feature quality and improve synthesis intelligibility. At each 10 ms timestep, the model causally outputs continuous and tokenized acoustic features for real-time voice synthesis as well as time-aligned phoneme predictions (raw phoneme error rate: 7%, comparable to the latest brain-to-text models). We evaluated this new approach on our prior intracortical brain-to-voice benchmark dataset (Wairagkar et al. 2025). Naive human listeners transcribed brain2voice 2.0 synthesized voice with a word error rate of 5.24%—an 8× improvement in intelligibility over previous SOTA results (43.75%). Brain2voice 2.0 demonstrates that highly intelligible real-time voice synthesis from neural signals is achievable, for the first time crossing the intelligibility threshold necessary for clinically viable brain-to-voice BCIs for people with paralysis.