The Chainlink Runtime Environment (CRE) has been launched as an all-in-one orchestration layer, designed to enhance the capabilities of institutional-grade smart contracts for onchain finance by providing secure, programmable, and interoperable infrastructure. This innovation addresses the "oracle problem" by enabling smart contracts to connect with external data and systems, supporting cross-chain interoperability and compliance while preserving privacy. CRE is already being utilized by major financial institutions for diverse use cases, ranging from tokenized asset management to cross-chain transactions, thereby facilitating the transformation of traditional finance onto blockchain platforms. It integrates Chainlink’s standards and services to streamline the deployment of complex smart contracts and promises to accelerate the adoption of blockchain by simplifying the development processes and meeting institutional requirements. With its privacy-preserving architecture and support for compliance, CRE aims to unlock new onchain financial use cases and significantly increase the value of assets managed on blockchain networks.