Amid increasing global demand for clean, sustainable energy, the search for novel electrode materials has emerged as a crucial link to advancing future energy storage technologies. Here, we explored the potential of N-functionalized 2D MBene V2BN2 as anode materials for Li- and Na-ion batteries using first-principles calculations. Phonon dispersion and ab initio molecular dynamics calculations were employed to assess the dynamic and thermal stability of the material. The intrinsic metallic properties of V2BN2 were revealed through electronic band structures and density of states analyses. Importantly, Bader charge analysis demonstrates substantial charge redistribution upon Li/Na adsorption, leading to stronger ion-substrate interactions compared to the pristine counterpart. This redistribution plays a decisive role in enhancing Li/Na ion adsorption and stabilizing ion accommodation. Furthermore, owing to favorable multilayer adsorption of Li and Na ions, V2BN2 exhibited high theoretical specific capacities of 1524 and 762 mAh/g, as well as low open circuit voltages of 0.73 and 0.23 V for Li and Na, respectively. In addition, the energy barriers were calculated to be 0.49 and 0.29 eV for Li- and Na-ion transport, respectively, indicating rapid ion transport and excellent rate capability. These results indicate that V2BN2 holds significant potential as an anode material for next-generation rechargeable ion batteries.