- Chainlink Runtime Environment (CRE) facilitates seamless integration between institutional systems and blockchain protocols, driving blockchain adoption.
- Chainlink announced a collaboration with Kinexys and Ondo Finance, enabling stabilized U.S. government debt (OUSG) to trade directly on the blockchain.
At Consensus 2025 in Toronto, Chainlink discussed a set of new-generation tools they believe will be important when we start using more blockchain technology in finance. Known as the Chainlink Runtime Environment (CRE), the system is designed to make it easier for developers to use blockchain in their projects. CRE provides developers with more tools to work with and helps businesses build out their operations.
Why Is Chainlink Runtime Environment Important?
CRE, as described by Chainlink, will connect traditional systems and the new decentralized technology, making it easier for both to work together. The platform promises to remove technical barriers for developers and reduce onboarding complexity for traditional institutions. Further, it will enable modular upgrades without destabilizing existing architectures.
Described as an evolution in blockchain infrastructure, CRE is built to “abstract blockchain complexity.” Also, it allows for “enterprise-grade orchestration,” according to a statement released on Chainlink’s official X account.
Recently, Chainlink co-founder Sergey Nazarov said that CRE can help solve a lot of major problems in the world of international finance. “There are two sides to this equation,” he said. Here, he’s referring to the convergence of digital assets and payment systems. “One is the asset, and the other one is the payment. So, you need more high-quality assets onchain, but you also need more frictionless payments that existing institutions can use easily,” Nazarov added, according to a Cointelegraph report.
Latest Partnership & Other Endeavours
The platform’s announcement came at the same time as a new partnership that involves Chainlink, Kinexys, a blockchain network focused on institutional asset infrastructure developed by JPMorgan, and Ondo Finance, as highlighted in our previous report. The collaboration worked out a new way for Ondo’s stabilized U.S. government debt (OUSG) to trade directly on the blockchain with help from Kinexys. Using CRE, Kinexys lets institutional systems use blockchain protocols easily.
Due to this collaboration, blockchain adoption is easier, as Nazarov refers to it as forming a “virtuous cycle.” “What Chainlink is trying to do is kick off a virtuous cycle that triggers a kind of runaway success for the industry as a whole. We want more assets on-chain. We want more payment systems onchain,” he added.
For years, Chainlink has helped link both blockchain and off-blockchain information with smart contracts. With CRE, the firm is making a significant move in finance by connecting its tools to well-known banking technology that has been used for a long time.
Both COBOL, which first appeared in the 1960s and is now used for ATM software, and the Java Runtime environment are seen in many legacy systems involved in online banking. Now, CRE aims to modernize these environments by allowing them to work with blockchain technology while still being able to keep most of their legacy setup.
Source: https://www.crypto-news-flash.com/chainlink-cre-will-fuel-web3-growth-heres-why-it-matters/?utm_source=rss&utm_medium=rss&utm_campaign=chainlink-cre-will-fuel-web3-growth-heres-why-it-matters