In a new video, Chainlink co-founder Sergey Nazarov distills why the Chainlink Runtime Environment (CRE) is Wall Street’s new workspace.
CRE is a flexible, modular, chain-agnostic computing environment that makes it faster and easier to build decentralized applications that are compatible with existing financial systems.
Traditional financial institutions are already putting CRE to work.
Recently, Chainlink, Kinexys by J.P. Morgan, and Ondo Finance announced the success of a cross-chain DvP test transaction powered by CRE. Brought to scale, the novel onchain DvP solution could reduce counterparty and settlement risk from system fragmentation and manual workflows that cost market participants more than $914 billion over the past decade.
CRE streamlines complex transactions between counterparties with different compliance, data, identity, and connectivity requirements. This, Nazarov explained, is especially important for cross-border transactions that involve the vast majority of capital flows. As he highlighted during his 2025 Consensus keynote, the ultimate goal is for CRE to accelerate the rate at which institutional capital can interact with onchain finance by bringing the development lifecycle of an institutional transaction down to a few days.
“CRE’s ability to simplify all this complexity down into a single piece of code, and the ability for it to be built relatively quickly, and the ability for it to leverage the data oracles, identity oracles, cross-chain connectivity of all the Chainlink services – I think that puts CRE in a unique position,” he said.
“The user feedback so far has shown us that it’s nothing like what they’ve seen anywhere else.”
Watch the full video.